robert roman
Bob Roman
“…. not to pursue this business I'm out 6k in debt.”
Every entrepreneur faces this dilemma; nothing ventured, nothing gained.
In other words, all entrepreneurs, deep or shallow pocket, face risk with the effort, money and time spent on due diligence.
I know commercial property developers that have spent tens of thousands of dollars to evaluate the political, environmental, construction, leasing and re-sale market risks that are involved in real estate development and investment.
Sometimes a developer finds good reason to walk away from a proposed project after spending a sum of money. The developer may discover it will cost too much money and time to obtain entitlements or that some former use of the land has resulted in toxic contamination. Developers know these possibilities exist and are a cost of doing business.
Over a decade ago, a young gentleman came to me for help on how to achieve his dream of becoming a carwash owner. He possessed many of the traits conveyed in your post; a willingness to learn, not afraid of hard work and sincerity.
My advice to him was to get a job working in a carwash for a year or so. This way he could judge for himself if this was a possible vocation. He did so. Today, he owns and operates a high volume carwash and is planning for his second and third and fourth.
I understand your situation because I also worked my way through college. In my case, it was in the horrid environment of a steel mill. I never borrowed a dime and no grants, always paying cash on the barrelhead. If you stay the course, you will eventually benefit because it demands discipline and self-sacrifice which helps build character.
This character will be invaluable when you decide the time is right to springboard into small business.
Consequently, my advice is to stay the course and continue your due diligence. $6,000 may seem like a lot of money now but later you will discover this was an inexpensive way to help insure your future success.
Every entrepreneur faces this dilemma; nothing ventured, nothing gained.
In other words, all entrepreneurs, deep or shallow pocket, face risk with the effort, money and time spent on due diligence.
I know commercial property developers that have spent tens of thousands of dollars to evaluate the political, environmental, construction, leasing and re-sale market risks that are involved in real estate development and investment.
Sometimes a developer finds good reason to walk away from a proposed project after spending a sum of money. The developer may discover it will cost too much money and time to obtain entitlements or that some former use of the land has resulted in toxic contamination. Developers know these possibilities exist and are a cost of doing business.
Over a decade ago, a young gentleman came to me for help on how to achieve his dream of becoming a carwash owner. He possessed many of the traits conveyed in your post; a willingness to learn, not afraid of hard work and sincerity.
My advice to him was to get a job working in a carwash for a year or so. This way he could judge for himself if this was a possible vocation. He did so. Today, he owns and operates a high volume carwash and is planning for his second and third and fourth.
I understand your situation because I also worked my way through college. In my case, it was in the horrid environment of a steel mill. I never borrowed a dime and no grants, always paying cash on the barrelhead. If you stay the course, you will eventually benefit because it demands discipline and self-sacrifice which helps build character.
This character will be invaluable when you decide the time is right to springboard into small business.
Consequently, my advice is to stay the course and continue your due diligence. $6,000 may seem like a lot of money now but later you will discover this was an inexpensive way to help insure your future success.
