My name is Paula Chapman. Maybe you have a similar story to us.
While I worked in corporate America, Steve was involved in a series of startups. Some had other people included and some were solo endeavors. Some worked for a while and then just fizzled out. Others never really got off the ground.
It wasn’t until I was laid off in 2001 that we decided to open a full-service marketing communication company. It took advantage of both of our backgrounds. And we were so confident in our projected success that we invested my 401K and a $50,000 SBA loan into a brick and mortar location. The buildout, equipment and other startup expenses took way too much of our limited capital. We weren’t active enough in selling. Our rent was too high. After a year and a half, we had burned though our money and were forced to declare bankruptcy. We sold our home to downsize. Consolidated what we could, and took a long hard look at what to do next. We were both over 50 and going back to corporate America didn’t seem to be a good option.