Quote: (04-14-2016 08:23 AM)Peregrine Wrote:
Quote: (04-14-2016 05:00 AM)CrashBangWallop Wrote:
I'm not sure I agree with that.
I'd much rather lose money on a business that has at least a 50/50 chance of success.
This bar is a mental idea and I reckon the OP will realise that before he goes through with it.
Agree. There's "that's a long shot and you'll probably lose everything, but there's a chance you won't and you'll learn a lot either way", and then there's jumping into a ball pit filled with rabid raccoons.
Don't need more information to know this is the latter. But hey, some people need to piss on the electric fence themselves.
I don't mind losing the 27k if I get a life lesson out of it. Also the way I see things there is a 60% change of success and that is being negative. The business looks like it maintains itself at least, according to numbers it makes profit. I need to make sure what the real numbers are when I go visit the business and interview the right people. The worst case scenario would be to lose money every single month, but as long that it maintains itself I am happy.