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Nov 12, 2017
11:22
:28
pm
Plato
Walk-on
Worth the risk? I have the opportunity to sell my
Business and buy another.
Am comfortable making 400k now with low risk.
New business is in same line, but different/new market. I think I could make $1million per year or more. But would have new and high debt load.
What would you do?
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Plato
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Plato
Joined
Mar 21, 2017
Last login
Mar 28, 2024
Total posts
19,272 (462 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.
buckles
11/13/17 11:47am
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