Re: Would you sell your car(s) to buy a business?
That is an extremely difficult decision. Of course the more equity you have in your business the easier it is to weather downturns. I was told quite a few years ago to measure the upside vs the down side. For example I deal in paperboard. If I buy raw material at $400/ton and I sell my rolls at $650 per ton but if I absolutely had to sell and could sell my inventory as waste at $300 / ton then the worst case senario is I lose $100 per ton best is I make $225 /ton. Do I want to take the chance of making $225 for the risk of losing $100?
Is the risk of giving up 67 z's worth the reward of running your own business and quite possibly building wealth for you and your family? Manufacturing builds wealth.
Look at the wealthiest families in the US, most of the wealth in the country has been built through manufacturing.
Ok now I will get doen off my soapbox.
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~JAG~
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