At one point during in April, I thought about quitting and getting a day job, because I was getting fed up with late client payments.
Then I began to think introspectively. I thought about how good of a situation I was in.
I started to count my blessings and concluded that the best thing for me to do was to continue the business.
It’s a good thing that I did because
something happened shortly thereafter…
The next month, in May I booked a Your World Productions record amount of booking in a month. I booked $56,000 of work.
Not all of the work was done in May, but booking that amount of work in a month was very encouraging to me.
The following month, in June, I broke that record and booked $82,000 of work.
I also had a significant increase in sales in the teleprompter side of my business.
By the end of the year, 2012 was by far, my best year yet with $221,000 in revenue.
Coming into 2013, I was in a unique position…one of which I was not accustomed to…I was able to add money to my emergency fund, had a revolving cash reserve fund from my profits, I was paying down debt…life was good.
But, something unexpected happened. A client cancelled some work, which totalled about $7k in profit. Then it got worse…
I found out we would not be producing a $15,000 video I’d planned on producing, because the management of the product line was moved overseas.
Then I was told about the death of a $60,000 project…which happened because the company cancelled the production of the product…
And that the company was laying off workers, including my main contact person at the company.