IF you were going to loan your child money for a bizness, wouldn’t you feel better if it was a bizness, you were already successful in AND it was a bizness that your son/daughter wanted to be in? My mom & step-bro were going to help me start my own biz, exactly like theirs. We’ll call it: ‘AJAX’ AJAX biz they have over 20 yr. exp. They have a proven product, a local ‘house-hold name’. Great relations with suppliers & customers. I have intermediate exp in this biz.
I found a great location, 5k month rent, other side of town. In this biz, you buy for a dollar, sell for three. I researched all the costs for build-out, negotiated free-rent for B-O, a B-O allowance, etc. I figured I needed 65k, they backed out saying, “it’s a 100k, out of our price range, rent is too high”
Instead, they wanted to support me in different biz they have 0 exp in that I only have amateur exp in, an hour away in another town, 12k rent, AND buy it for a dollar, sell it for $1.30! Initial investment 100k.
2007-11-10
02:26:05
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6 answers
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asked by
Bellunesi
3