Grinder12000

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said he would front me $250K. Sadly - I'm not sure I WANT too!!

for one thing - I can retire in a year (55) - NOT work and have a great living making almost what I make now! OR - I can make a hobby into a job - work VERY hard with stress.

No response needed - just trying to wrap my brain around this.

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LakeErieBrew

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Someone's offering you $250K...nice problem to have.

SmugMug

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There's a lot of stress and pressure behind that $250k though. You really have to weigh that debt against what you have to gain, lose, and work for. And I've seen first hand what can happen when you go from hobby to work. Work is work. If you miss the mark, then making up that deficit to your investor(s) is all on you one way or another.
It's a lot to think about.

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Poor planning on your part doesn't necessitate an emergency on mine.

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MikeG

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Yikes, I'm hoping I can retire at 55. Actually 45 but it isn't going to happen. I don't see how you could start a business like that and not put your heart and soul but even in 5 years could you actually start to pass the reigns on to somebody else? Best of luck.

Laughing_Gnome_Invisible

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No input needed, I know......


BUT DON"T DO IT!!!!!!!!!

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BioBeing

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Well, $250K for WHAT? Is that even enough? What would he get in return? What would be your responsibilities? You would need all that written up clearly up front! Could you retire first and then start this venture? But if you don't want to, then it really isn't an issue, is it?

SmugMug

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The biggest question is: how quickly does your investor expect to see a return? ANY new business can expect to be in the red for 2 years and that's with an immediately available product.

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Poor planning on your part doesn't necessitate an emergency on mine.

Beer: Is there anything it can't do?

Brewmasters Warehouse

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That certainly is a lot to wrap your head around. If there is anything I can do to give you some insight on owning and running a homebrew store please let me know.

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The Pol

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Seeing as though $250K is the mark for building a small brewery... I presume that is what you are referring to.

I cannot tell you what to do, I am certain that if I were in that position that I would have a hard time making the GO, NO GO decision. Luckily, my complete lack of skill and inattention to detail keeps people with money at bay.

Okay you are looking to retire and taking on what ammounts to $250K worth of debt, or more. You are taking on $250K of someone elses debt. Would this venture preclude you from doing many other things that you would enjoy in retirement? Just some thoughts.

Boerderij_Kabouter

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A famous brewing quote comes to mind:

"How do you make a small fortune brewing? Start with a large fortune."

If you will be financially responsible in any way, I would not risk your retirement. If there is no downside, and you will just be the brewer, I say go with your gut.

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