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SVTPerformance's Chain of Restaurants
Road Side Pub
Starting a business how scared we're you?
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<blockquote data-quote="JJackson515" data-source="post: 16552042" data-attributes="member: 170755"><p>I rolled the dice big time when I went into business for myself. New born at home, new mortgage, cashed out my 401k. I was all in, and I was determined to make it work, "failure wasnt an option". Its paid off tenfold and I live very comfortably now, but that doesn't mean I didn't have any bumps in road. </p><p></p><p>Biggest thing I learned is find a good mentor who has "been there and done that", and that does not have a financial interest in you. Don't try and do it all to "save money", it will cost you more in the long run in time and Money (ie: accounting; I wont pretend I have time to learn it, so I pay someone). One of my biggest road blocks was running into capital issues and knowing that I could grow a lot quicker if I had X amount of money. Be prepared to work ALOT. Good Luck!!</p></blockquote><p></p>
[QUOTE="JJackson515, post: 16552042, member: 170755"] I rolled the dice big time when I went into business for myself. New born at home, new mortgage, cashed out my 401k. I was all in, and I was determined to make it work, "failure wasnt an option". Its paid off tenfold and I live very comfortably now, but that doesn't mean I didn't have any bumps in road. Biggest thing I learned is find a good mentor who has "been there and done that", and that does not have a financial interest in you. Don't try and do it all to "save money", it will cost you more in the long run in time and Money (ie: accounting; I wont pretend I have time to learn it, so I pay someone). One of my biggest road blocks was running into capital issues and knowing that I could grow a lot quicker if I had X amount of money. Be prepared to work ALOT. Good Luck!! [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Starting a business how scared we're you?
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