Pros and Cons of owning a Business

[jhouchins]

Originally Posted by BrunoT

1. You buy yourself a business by signing your name to pieces of paper called finance contracts. You don't have to have forgone consumption in the past to save first.

2. You get to have fun with things like shopping for mowers and other gear, which is of course paid for with pieces of paper promising part of your future revenues to a bank or finance company. You sacrifice nothing, still. Boy, this is cool. It's great to be the boss for a change.

Very well said. No debt is the way to go. I would advise anyone starting there own business to listen to Dave Ramsey. Debt is dumb and cash is king.

Great post

[jeffslawnservice]

Originally Posted by tlc1994

Con: You can't take off your apron, roll it into a ball, throw it on the ground, and then say "**** you" to your boss and storm away......... unless you are standing in front of a mirror.

You actually can. The customer is in a way your boss. So you have a lot of bosses.

[Puddle of Oil]

Originally Posted by jhouchins

Very well said. No debt is the way to go. I would advise anyone starting there own business to listen to Dave Ramsey. Debt is dumb and cash is king.

Great post

note the key word "starting"

Debt can be a good thing if you use it right, but not the first year in business.

[ed2hess]

Originally Posted by jhouchins

Very well said. No debt is the way to go. I would advise anyone starting there own business to listen to Dave Ramsey. Debt is dumb and cash is king.
Great post

And what if you don't have any cash

[kilgoja]

use what you already have or borrow from relatives until you get your feet off the ground...no matter how crappy it is...it's still free lol

[borwicks]

Originally Posted by ed2hess

And what if you don't have any cash

I would seek out accounts first. Then see what kind of equipment is needed and get some advice on here.