Wishing you well with it Steve...
Tough situation...
I've been expecting a huge collapse in demand for some time. It's been getting slow around here too, mostly because most of the dead ash trees are gone. I've been thinking about alternative enterprises, because I think things are only going to get worse, and maybe much worse.
In 2020 and 2021 demand was off the charts. No one had ever seen anything like it. We had a triple perfect storm: the ash tree haulocaust was peaking and that's 11% of trees in PA, everybody was home and doing home projects from the pandemic, and the spotted lantern fly had just come to town and was wreaking havoc.
I was getting 15-20 phone calls a day. I couldn't even go look at them all, much less do them. My hip was about shot and I wasn't comfortable taking big tree jobs so stuck mostly to stump grinding. As such I lost a lot of clients that I had spent 35 years developing.
IN the meantime a lot of new guys started in the tree businesses and ended up with millions of dollars in equipment. Prices were through the roof and the work just kept coming.
Now the ash trees are about all gone which was a huge part of the demand, while supply is through the roof. The economy is questionable, but not as bad as it's likely to be soon. When the economy tanks, it's going to rock everyone. All these new companies will be all dresssed up and no where to go. Prices will fall like water as they just try to keep their guys employed. I've seen it a few times over the years, with 2008 being the worst. That could look like a cake walk if this economy really takes a dump.
The more I write here, the more it occurs that the time for you to get out is now. Unless you can think of a new way to get clients which is doable. Maybe get on the phone to all the local tree guys and landscapers to offer a new client special. You know your market. Other than that there is nothing less than a hurricane that's going to improve the situation much. From what you've said, the writing is on the wall, especially if you've lost your passion for the work, which it sounds like you have. Only you can say for sure though. Trust your intuition. Take some quiet time alone and pray and meditate on it.