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The Guardian - UK
The Guardian - UK
Business

How can I explain that my startup firm fails to put food on the table?

‘I’m in a make-or-break situation of whether to struggle on, or fold the business and look for permanent paid employment again.’
‘I’m in a make-or-break situation of whether to struggle on, or fold the business and look for permanent paid employment again.’ Photograph: Alamy Stock Photo

Twice a week we publish problems that will feature in a forthcoming Dear Jeremyadvice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.

I took voluntary redundancy to start up my own business in the food and drink sector. Unfortunately, four years on (and now with a young family) it looks like the business will not provide enough income for myself, or to support my family.

With savings almost exhausted, I’m in a make-or-break situation of whether to struggle on, or fold the business and look for permanent paid employment again.

I have a wealth of experience in retail, information technology, finance and marketing, but how do I account for the past four years on a CV or job application?

I am concerned that my experience and knowledge gained from running a business will be devalued by it not having been successful and worry that any past work experience is now invalid (particularly IT as it is now 10+ years since I worked in that sector).

I’m doing some part-time work to bring in some income. For this particular part-time work, however, there isn’t any scope to increase hours or rates in order to provide any meaningful income longer-term.

Do you need advice on a work issue? For Jeremy’s and readers’ help, send a brief email to dear.jeremy@theguardian.com. Please note that he is unable to answer questions of a legal nature or to reply personally.

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