View Single Post
  #6  
Old 10-17-2005, 06:31 AM
Zedder's Avatar
Zedder Zedder is offline
Yenko Contributing Member
 
Join Date: Sep 2002
Location: Ontario, Canada
Posts: 3,322
Thanks: 100
Thanked 638 Times in 351 Posts
Default Re: Would you sell your car(s) to buy a business?

Thanks guys for all of the thoughtful responses and well wishes. I really do appreciate it. Going through a job loss like I did this summer is a really humbling experience and not something that I would wish on anyone. However, I believe all things happen for a reason and I'm sure there are many lessons to be learned from the experience.

I agree with most that the cars should be sold if it allows me a stronger position in the business and I am prepared to do that. I don't care for personal debt, so borrowing money for something "fun" just isn't somthing that I would likely do.

I do believe in the business and think it has tremendous upside potential, so if the cars must go, they will. However, I am proposing a sweat equity arrangement in addition to my cash investment, so we'll see if I can at least keep one of them this way

Thanks again guys, I'll let you know what happens
__________________
Mark
Reply With Quote