Can a 18 Year old run a multi-million dollar business with three older people?

Question

I am thinking of buying a part in a multi-million dollar business, but I have not told anyone of this not even to my parents, do you think that it is a good idea to buy or not, or should I work my way to the top and it take years to reach my goal.

Answer 1

You are an adult you can do as you please but since you aren't old I would check with a CPA or parents. You have enough money to pay part of multi millions you need to protect yourself.

Answer 2

Okay, I'm going to have to break this down.

An 18-year-old is a legal adult. You can own just about anything, as long as it's legal.

Do you mean you're thinking of buying stock? Or do you plan to "own a job" as part of the business?

Remember, these people may not be on the up-and-up with you. Ask to see the financials. Pay special attention to certain key areas:

1. How much money is coming in from whatever the business does?

2. Where does it go?

3. How much pay do the owners pay themselves? Who makes the decision on compensation? Ask them how much they'll pay you to be an owner-operator.

4. Who keeps the books?

5. Then ask them what kinds of systems are in place. Maybe they want you to help them design systems. Maybe they're looking for a slave who'll "buy in" for the privelege.

Remember that a successful business is a system where you can train someone to replace you, so you don't have to work it like a job. Think of Ray Kroc and McDonald's (he didn't work _in_ the business, but _on_ the business).

If you have any questions, or may be looking for an investor, e-mail me at [e-mail]. I LOVE looking at financials. It's like push-ups for the brain.

Hope my rambling answer helped.

Answer 3

the conventional 18-22 12 months previous could no longer have the aspects attainable to help shop them out of subject that expert activities communities and their respective leagues supply. a number of those athletes of course choose for to no longer use those aspects and suggestion or in simple terms forget approximately them. i think of you're maximum suitable that the ninety% of those atheletes that stay out of subject is extra important than the ten% that gets in subject, yet thoughts approximately men getting busted and in subject are what sell newspapers and get television scores. the final public isn't fascinated interior the solid guy thoughts.