Business Prospect
There has been talk lately of me buying my old boss’ caregiving business, the one I used to work for. She’s selling it for $5,000. My brother would loan me the money if he liked the business, but he doesn’t. He wasn’t happy with the numbers.
Here are the numbers: She made $37,000 in 2007, $35,000 in 2008 and $10,000 in 2009. She hasn’t made much this year because she didn’t promote it. I could promote it and get it back up to the $30,000 range and even more than that.
But my brother doesn’t like it so he’s not loaning me the money. I don’t know what to do. I could get a bank loan and buy the business anyway. But I am afraid of going against his counsel. If he says not to buy it, maybe I shouldn’t.
But my husband wants me to buy it.
The upside to buying it would be a career change that would get me out of this job that I don’t like. And it has a potential to earn more money.
The other option is to try and find caregiving work as an independent contractor. My brother is willing to pay for me to advertise my services in the paper. I may just do that and not run an actual business.
Right on!
I loved this blog post. Thank you! I look forward to reading the other parts of your blog.