I've been there too.
Several years ago after a crisis, I left my six-figure career to helping my father in our small family-owned business. I found myself in an industry being disrupted by technology unable to keep up.
I had been a senior executive at a $2 Billion international retailer for almost 6 years. While there, I had studied our founder and CEO as he led a team of devoted and talented employees, executives, and board members.
I thought that I had learned everything that I needed to know to help my father.
But I needed to grow as a leader and businessperson.
In a world being rapidly changed by new technologies, I needed to learn about digital business and new technologies.
I also needed a partner, a CEO willing to grow and change with me. My father had given up on himself and his business. He sold the company's most valuable asset, a multi-story commercial property located in the heart of a revitalized Brooklyn.
He left me with worthless assets, no cash, unpaid taxes, and a mountain of debt.
My wife and I lost everything.