So my father owns an advertising agency, which was pretty successful before a recession hit our country. After that, my father had to reduce costs, return his office, and even fire employees.
Some months ago, the income was so low that he decided to fire everyone and hire freelancers. Now he is left alone running a dying business, which has some clients, but none of them pay him a fair amount and don't appreciate his work.
But of course, he has a high living cost, since he has to maintain the whole family since my sister and I are too young to work. (around $3300 per month) So he can't quit all those jobs that aren't paying him a decent amount.
Overall the situation reminds me of a quote by John Rockefeller.
"He who works all day has no time to make money"
My father doesn't own our house, he lent money and now is in debt for it. He also NEEDS things (like a new computer) that he can't afford.
So, how can a man with my father's responsibility, rebuild and save a dying company in the middle of a national crisis?
Any guidance is much appreciated. Thanks.