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The Relief thread - post things that make you go Phew!


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I realise this thread is basically a clone of the Happiness Thread, but Relief can be quite a different thing than Happiness, though they are connected, and so I thought I'd add it to the mix.

 

So what do I have to be relieved about ... well for the last year and a half or so I've been working for a start up. No pay, doing things on the never never relying on savings and that entrepreneurial cliche "family and friends funding" to keep things going.

 

I can honestly say it has been an extremely nerve racking thing to do - every month seeing the bank balance go down, having pride in the idea you are trying to bring to market, but always suppressing the worry that you are blind to some problem or error.

 

We did 5 pitches - and 4 of them went no where ... boy do the nerves increase as you wait for them to re-make contact after the pitch has been given, the name cards swapped and they've take away the presentations and documents to consider in detail - it is hugely disheartening as replies come back: no; not now; nah not us; we'll get back to you ... then silence.

 

But the fifth group nibbled, then considered, then wanted more details, then set up a specialist group to consider, then sent in the real experts - then my boss was having dinner with their boss and then the negotiators arrived.

 

It took 2 months to agree the Memorandum of Understanding and with each round it became more and more high-stakes - was there a deal breaker anywhere, would their technical people discover some flaw we'd missed, would they just let us run out of money and pick up the pieces as they looked at our books and saw just how close we were to running dry.

 

You are always aware there is a limit to how long you can go on ... you try not to think about it, but feel the nerves and try to ignore job adverts and opportunities passed by working on this possibly impossible dream - You go "I can carry on another 6 months", then "another quarter", then with a slight feeling of dread "the negotiations must reach a conclusion in a month - then we'll know our fate" ... success or another knock back ... and if it is rejection are they seeing something we've not seen ... do you simply carry on, or look for pastures new.

 

Then at last the MOU was agreed ... a feeling of huge relief, but then the lawyers arrive - MOUs are just like offers on a house - everything is subject to contract and the lawyers can have a very different take on what was thought to be agreed.

 

Tensions really rise ... will it come to success ... will it all go ok ... or will at the last minute something go wrong. And the paperwork just grows and grows - a 5 page MOU becomes a hundred page monster of legalese and then there are the appendixes and side agreements and contract negotiations.

 

Any of these could be a deal breaker - and now different members of the team all have slightly different priorities as people involved for different timeframes and with different levels of contribution jostle for position.

 

Finally this mountain of paper work is corralled into place - and finally goes to the respective committees for decisions - still nothing is decided.

 

By this stage you have reached a sort of optimistic paranoia - all the lawyers fees, all the gives and takes - they want a deal, we want a deal - but have we reached a deal, not yet ... it could still all go wrong ... until everything is signed nothing is signed.

 

You wait, they have their meetings, they have their queries, their queries are answered ... you wait ... you wait ... you wait ... then you hear the news ... they signed.

 

Relief .... Phew

Edited by Chinahand
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Can posts be a little risqué or rude? ;)

 

Go for it tiger.

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I realise this thread is basically a clone of the Happiness Thread, but Relief can be quite a different thing than Happiness, though they are connected, and so I thought I'd add it to the mix.

 

So what do I have to be relieved about ... well for the last year and a half or so I've been working for a start up. No pay, doing things on the never never relying on savings and that entrepreneurial cliche "family and friends funding" to keep things going.

 

I can honestly say it has been an extremely nerve racking thing to do - every month seeing the bank balance go down, having pride in the idea you are trying to bring to market, but always suppressing the worry that you are blind to some problem or error.

 

We did 5 pitches - and 4 of them went no where ... boy do the nerves increase as you wait for them to re-make contact after the pitch has been given, the name cards swapped and they've take away the presentations and documents to consider in detail - it is hugely disheartening as replies come back: no; not now; nah not us; we'll get back to you ... then silence.

 

But the fifth group nibbled, then considered, then wanted more details, then set up a specialist group to consider, then sent in the real experts - then my boss was having dinner with their boss and then the negotiators arrived.

 

It took 2 months to agree the Memorandum of Understanding and with each round it became more and more high-stakes - was there a deal breaker anywhere, would their technical people discover some flaw we'd missed, would they just let us run out of money and pick up the pieces as they looked at our books and saw just how close we were to running dry.

 

You are always aware there is a limit to how long you can go on ... you try not to think about it, but feel the nerves and try to ignore job adverts and opportunities passed by working on this possibly impossible dream - You go "I can carry on another 6 months", then "another quarter", then with a slight feeling of dread "the negotiations must reach a conclusion in a month - then we'll know our fate" ... success or another knock back ... and if it is rejection are they seeing something we've not seen ... do you simply carry on, or look for pastures new.

 

Then at last the MOU was agreed ... a feeling of huge relief, but then the lawyers arrive - MOUs are just like offers on a house - everything is subject to contract and the lawyers can have a very different take on what was thought to be agreed.

 

Tensions really rise ... will it come to success ... will it all go ok ... or will at the last minute something go wrong. And the paperwork just grows and grows - a 5 page MOU becomes a hundred page monster of legalese and then there are the appendixes and side agreements and contract negotiations.

 

Any of these could be a deal breaker - and now different members of the team all have slightly different priorities as people involved for different timeframes and with different levels of contribution jostle for position.

 

Finally this mountain of paper work is corralled into place - and finally goes to the respective committees for decisions - still nothing is decided.

 

By this stage you have reached a sort of optimistic paranoia - all the lawyers fees, all the gives and takes - they want a deal, we want a deal - but have we reached a deal, not yet ... it could still all go wrong ... until everything is signed nothing is signed.

 

You wait, they have their meetings, they have their queries, their queries are answered ... you wait ... you wait ... you wait ... then you hear the news ... they signed.

 

Relief .... Phew

Congratulations buddie hope you make a million,we fucking need the taxes.

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Sit in Tynwald and LegCo harrumphing and clearing my throat while ensuring I don't actually do anything. Still get my paycheck and pension and don't need any public votes. Phew.

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After losing six figures on a start up 25 years ago and having to remortgage the house, I started the new business the next month with credit card and money I didn't have and spent the first few months knocking on doors and calling people up.

 

Lucky to have a great wife to work and support us all in the meantime and a credit card to put grub on the table. It was all we could do to meet the growing interest payments each month and very nerve wracking. We could very easily have lost everything at the time. Lots of relief points to tick off. The first clients coming in (maybe we weren't mad after all). The first cheque - even if it won't go near your costs. The first employees. Paying off the last of the card debts. Paying off the enlarged mortgage. All over many years of slog of course.

 

Somewhere along the line relief turns to something else, maybe pride, maybe satisfaction. Passing the seven figure annual turnover mark for the first time, but by then it's a lot easier. The hard part is the beginning when it's all a real struggle and you could very easily throw in the towel. Where self-doubt haunts you and you dwell on the last failure. So hard to be self-starting at that stage. People need to be encouraged in their enterprises because if nobody took big risks where would the rest work?

 

There's an even bigger one in my life too. The relief I felt when said wonderful wife came through a couple of serious illnesses a few years ago. The euphoria of that topped everything else.

 

Good luck, China. hope it all turns out for you and your associates.

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