I've been having my business for 10 years - which almost died twice.
The business is not about you. Yes you are the founder but you are just part of the machination to make it work.
When the business fails, it's not a judgement on your character or your moral. Failure sucks. Tell the truth your employees ASAP. Deal with the fall out directly.
If you need to downgrade your lifestyle, do it. It is better than having the anxiety to put up with un-affordable lifestyle.
More importantly - don't be an ass to your wife. If you need to get a job, get a job. There's plenty of time to try again in the future.
The business is not about you. Yes you are the founder but you are just part of the machination to make it work.
When the business fails, it's not a judgement on your character or your moral. Failure sucks. Tell the truth your employees ASAP. Deal with the fall out directly.
If you need to downgrade your lifestyle, do it. It is better than having the anxiety to put up with un-affordable lifestyle.
More importantly - don't be an ass to your wife. If you need to get a job, get a job. There's plenty of time to try again in the future.