I lost over $20,000 a month in September and October of 2001 with a small Italian Restaurant I bought in February of that year! Once 9/11 happened very few people were eating out. I could have closed the business for those 2 months and lost less money.
Within 3 years, I did shut the doors and walked away owing more money than I thought was possible! Most people told me it was circumstances that caused me to fail and lose everything and, at first, I believed them. It felt better to believe them!