i'm a fisherman in the black sea. i've been a boatman for 20 years. before the season started (may) my boat was in terrible shape engine blowing up nets worn out. i spent 200k, got the boat repaired. in the first 3 months of the season (may-july) i earned 250k.
do the math: 250-200 = 50k net profit. but there's debt repayment for the other 9 months (200 TL 16 TL a month). so is it a net success or debt? was the 50k profit from the repair worth it in 3 months?
bro i think you overthink this job too much but just go do what you gotta do whatever happens happens.
edit: typed from phone, sorry for typos.
Data analysis: As demand rises, capacity usually drops by 30-50%. That's your situation. You need to increase capacity.
I agree. When the closure decision was made is as decisive as the decision itself.
Of course, it varies if your situation is different.
Generally correct but one part is missing. The reason for failure isn't one big mistake, but the accumulation of small decisions.
Correct in theory, but it doesn't work that way in practice. Hasty decisions become decisions you have to fix six months later.
Proven by experience.
Let me summarize the topic, since several different answers were given. Any unwritten clause becomes a point of disagreement later, as both sides remember it differently.
If I were you, I'd go this route.
Let me share my experience. Looking profitable on paper but having no cash in the bank is very common.
Just a heads-up. Pausing growth to breathe is also a strategy nobody says that.
Correct me if I'm wrong.
We've heard this a lot, but it never happened like that for us. If it's your first time, start small; scaling comes later.
Taking notes for two weeks yields better results than a six-month estimate. Correct me if I'm wrong.