I never take on a business debt I'm in danger of not paying off.

Nov 13, 2017
12:50:57am

Idahofallsblue All-American

In fact, any new debt or investment has to assume the investment doesn't make any money and I could still pay it with money I have in income. I'm a super safe kind of guy.

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Idahofallsblue

New username: Don Carlton
Bio page: Idahofallsblue
Joined: Apr 10, 2011
Last login: Jun 8, 2021
Total posts: 0 (0 FO)

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Messages

Author

Time

Worth the risk? I have the opportunity to sell my

Plato

11/12/17 11:22pm

Depends. How old are you? Would this new business take more time away from family?

JohnnyComeLately

11/12/17 11:24pm

RE: Depends. How old are you? Would this new business take more time away from

Plato

11/12/17 11:30pm

I would trust my wife's opinion.

Nagurski

11/13/17 8:40am

Sounds iffy especially in the same industry.

GA_Coug

11/12/17 11:29pm

Seems like the smart answer to me. But current opportunity is

Plato

11/12/17 11:32pm

Go for the million.

cougfanz

11/12/17 11:31pm

I'd definitely come to CB to brag about it. That should always be your 1st move.

Pimpin4Paradise

11/12/17 11:33pm

Fo sho

Plato

11/12/17 11:35pm

The high debt load is a lot to carry if your spouse is nervous

mosterlow

11/12/17 11:49pm

Yep this is true is the 400k his takehome or total profits of the company

JohnnyComeLately

11/13/17 8:08am

From pest control to Solar?

crm48

11/13/17 12:08am

This is probably the truth

Sandy Lyle

11/13/17 7:54am

Why would you ask such an ambiguous question on a message board?

Ricko

11/13/17 7:01pm

I never take on a business debt I'm in danger of not paying off.

Idahofallsblue

11/13/17 12:50am

It depends how important money is to you.

Y2k

11/13/17 1:20am

If money is the only thing important to you, the choice is obvious.

ditch

11/13/17 5:49am

revenue or net profits?

Saxa

11/13/17 6:20am

Tons of unanswered questions

wapiti

11/13/17 7:18am

All things being equal, if your current business is performing well and you

TheLoneCougar

11/13/17 7:37am

For sure come on here and brag about the money you are making and could make.

Mr Blue

11/13/17 8:13am

Revenue numbers don't mean anything without fixed & variable cost

Tsisquan

11/13/17 11:36am

Youth provides opportunity to assume risk.

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