My partners mom has a very successful business that i'm interested in buying out when she retires. Thing is my partner would die to have the business, only thing is her family refuses to let her buy it because of the superstition that 3rd generation families usually put the business under.
She will be absolutely choked but i'd be so stoked to buy it out! Should I go for it or not?
2007-03-21 10:39:36 · 2 answers · asked by who d 1 in Business & Finance ➔ Other - Business & Finance
If you feel that it would be a good investment, yes. But would her family allow it or would it put a strain on your relationship with them or her? Maybe you should sit down and talk it over with her and/or her family. Also, don't jump into something without investigating it, is it a business that you are knowledgeable in, could you run it, would it profitable? Think about these questions before investing in something for the simple reason that you would be "stoked to buy it out".
Good luck to you.
2007-03-21 10:56:05 · answer #1 · answered by Mary R 5 · 0⤊ 0⤋
Why not buy it out, hire your partner and give her an opportunity to earn or purchase 50% of it after the sale to you is completed?
2007-03-21 17:42:41 · answer #2 · answered by Scotty Doesnt Know 7 · 0⤊ 0⤋