Would you sell your car(s) to buy a business?

[Don_Lightfoot]

Very tough decision Mark. I must admit that such a scenario has not been present in my life. However, as much as we love these machines, there are some things that mean a lot more in my opinion. Family, employment stability and healthy lifestyle are a few that come to mind. Classic car purchases will no doubt present themselves in the future, while business opportunities may not. Good luck whith whatever you decide.

[Zedder]

Thanks Don

Sorry for posting this in the wrong section guys...I meant to put it in the lounge.

[LVCamaro]

When you truly believe in the venture proforma...selling your cars will be an easy decision. You're a young guy with time on your side. Good luck...

SS

[firstgenaddict]

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.