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May 27, 2009

Running Two Businesses

Dennis Carmichael wrote in to tell us his story. Dennis is an engineer in Michigan who finds himself in the odd position of running two small businesses, one failing and the other thriving. Dennis’ first business is in manufacturing technology. Last year, all of his major business contracts canceled their orders in a span of two months. Dennis tried to avoid layoffs, but eventually had to lay off 8 of his 10 employees. Dennis’ new business supplying radio frequency identification devices to firefighters is taking off, but Dennis finds it hard to be as excited about it as he’d like. He runs both businesses out of the same open work space, which creates some awkward dynamics between the old and new employees.

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