Hi all,
I need advice, I own a hair and beauty salon, have done for 4 years, when i took it over originally it made about £15k since then i have quadrupled that. Due to events too long winded to go into but not as a result of anything I did - check out the news at the mo regarding RBS small business scandal - I ended up in an IVA rather than have the bank try and sell my business.
Anyway business is booming i have 4 self employed staff full diary but due to the iva the little i earn (200 a month) is taken by them.
Im fed up of having no money and this will last another 4 years.
So do I sell up and clear the IVA get a paid job and forget the business owner route??
please help x
I need advice, I own a hair and beauty salon, have done for 4 years, when i took it over originally it made about £15k since then i have quadrupled that. Due to events too long winded to go into but not as a result of anything I did - check out the news at the mo regarding RBS small business scandal - I ended up in an IVA rather than have the bank try and sell my business.
Anyway business is booming i have 4 self employed staff full diary but due to the iva the little i earn (200 a month) is taken by them.
Im fed up of having no money and this will last another 4 years.
So do I sell up and clear the IVA get a paid job and forget the business owner route??
please help x
