Quote:
Originally Posted by Ozy_Flame
Sorry to hear that. But that still doesn't change the fact that people are working, happy and thriving in Alberta. I started my company early 2016 and business has been great, but we might be in different industries.
I am curious though - oil started to fall in late 2014, and then the effects weren't fully realized until at least Spring of 2015. When did you close your shop? What kind of customers did you have? Where was your main stream of revenue coming from? Did you find way to make your business more efficient before shutting the doors? Was there a business plan in place for short-term survival and long-term growth?
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Nice! What business if you don't mind me asking?
Transportation. I had my own authority and had 3 good clients. Mostly ran British Columbia. Our industry started feeling it late 2013 early 2014. If we wanted the business to survive that would mean being on the road for months at a time (going to US). Not a chance with 2 small kids and a baby at home. What I am trying to say is I didn't realize how important the oil industry was for my company and my family until the crash. I failed. But learned a lot and was lucky to walk away with money in my pocket. I think now is a really good time for startups. I am working on a new startup right now actually. Launching end of April hopefully. Need government approval on a few things first.