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DS's business update

October 26th, 2017 at 08:35 am

Some of you may recall that when I started this blog over 11 years ago, I was helping my son with his business start up and taking care of my parents. I used my 401k to help build the business and it did great the first couple of years.

Unfortunately, my son's business, a pest control company, did not survive the 2008-2010 crisis, and I returned to my former job.

A couple of years later, my son opened a new business in an area that was more conducive to year round business, rather than seasonal- which is what it was here. (Bugs and critter problems vary depending on the climate.)

I am happy to say that he is doing PHENOMENAL! He now employs 6 people, and has restored his credit...and most importantly, the business is in a position to start PAYING MOM BACK!

I knew his goal was to someday repay me, but I wasn't sure that day would really ever arrive- but it is here. Part of the repayment will come in cash payments over the next year, and part will be in his making mom a partner in the business and eventually buying me out. In the end, this will have been a very good investment for me. A win-win for both my son and me.

This will put my retirement goals in high gear as we will end up two years ahead on my savings goals by the end of 2018. YIPPEE!

And I am thrilled that my son's dream is coming true. He is a hard worker and is building a very ethical business that focuses on customer loyalty.

Needless to say, I am one proud, happy momma!

6 Responses to “DS's business update”

  1. Joan.of.the.Arch Says:

    That's really good news!

  2. CB in the City Says:

    Wow, that's great!

  3. snafu Says:

    Great news for DS, his family and boosts your goals. Delighted!

  4. rob62521 Says:

    Wonderful, wonderful! So glad things are going well for both your son and you! Yahoo!

  5. MonkeyMama Says:

    That's great!

  6. FrugalTexan75 Says:

    Awesome news!

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