So it's 6:00 am on a Sunday morning and I'm writing this blog instead of sleeping, 'cause my nerves are raw and sleep isn't really an option. We've hit a snag. The closing for the purchase of the business is on Tuesday. All is going fine with that. On Monday we meet with the landlord. All is fine with that. The snag is with our loans.
We have money coming in from a lot of different sources and everything has more or less happened as we planned for - until now.
The last loan is either from the RBC directly or the CSBFL (Canadian Small Business Financing Loan). Which one it actually is has fluctuated a bit in the last few months. One is lump sum loan and the other is metered out in bits and sods based on money we are spending and what we are spending it on. Suffice to say we had come to expect a lump sum and now we're not getting it. This has left us filled with anxiety and needing to come up with scenario after scenario of how we will pay for things.
Don't get me wrong, the cafe is still going to have coffee, alcohol, food and a play area for kids as well as all the other little conveniences that moms need to save their sanity. However, to start with, we won't be able to decorate quite the way we wanted or have quite the varied menu we wanted or begin with some of the bells and whistles we were planning. That's okay. We may have to be open only 6 days a week not 7, and not hire any staff and just do everything ourselves just to save cash flow. We will still have a great cafe that moms, dads, grandparents, nannies and everyone else who spends a good deal of their waking hours with a small child, are going to be clambering to get into. As soon as we build up some cash flow we'll be able to do everything we had planned and more.
Maybe this is how the cosmos gives us a little reality check; reminding us not to go crazy with the money in the bank. We need a mantra;
We Will Have The Money We Need To Open.
We Will Run A Great Business.
We Will Be Successful.
That's all for now.
We have money coming in from a lot of different sources and everything has more or less happened as we planned for - until now.
The last loan is either from the RBC directly or the CSBFL (Canadian Small Business Financing Loan). Which one it actually is has fluctuated a bit in the last few months. One is lump sum loan and the other is metered out in bits and sods based on money we are spending and what we are spending it on. Suffice to say we had come to expect a lump sum and now we're not getting it. This has left us filled with anxiety and needing to come up with scenario after scenario of how we will pay for things.
Don't get me wrong, the cafe is still going to have coffee, alcohol, food and a play area for kids as well as all the other little conveniences that moms need to save their sanity. However, to start with, we won't be able to decorate quite the way we wanted or have quite the varied menu we wanted or begin with some of the bells and whistles we were planning. That's okay. We may have to be open only 6 days a week not 7, and not hire any staff and just do everything ourselves just to save cash flow. We will still have a great cafe that moms, dads, grandparents, nannies and everyone else who spends a good deal of their waking hours with a small child, are going to be clambering to get into. As soon as we build up some cash flow we'll be able to do everything we had planned and more.
Maybe this is how the cosmos gives us a little reality check; reminding us not to go crazy with the money in the bank. We need a mantra;
We Will Have The Money We Need To Open.
We Will Run A Great Business.
We Will Be Successful.
That's all for now.
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