The Money Mustache Community
Learning, Sharing, and Teaching => Entrepreneurship => Topic started by: Math N Money on April 23, 2024, 10:16:59 AM
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[deleted]
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Start with the assumption that you're hiring someone, and build that into your pro-forma.
How interested is the current owner in being this employee for maybe a 6-12 month training/handover period? That would probably be ideal, as I imagine there's tons of institutional knowledge in his head related to this topic as well as other topics that haven't even crossed your mind yet.
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I would not buy into a labour intensive business, where I am not able to do the work yourself.
What happens ro the Business and your investment, if you do not find a good carpenter?
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I would not buy into a labour intensive business, where I am not able to do the work yourself.
What happens ro the Business and your investment, if you do not find a good carpenter?
Same, I would absolutely not buy a small business that entirely depends on a hiring a primary skilled worker, they're very, very likely to want to go out on their own if it's a solid business model.
I would only do this as a partnership with a skilled worker, and I don't like partnerships, so I wouldn't likely do it, personally.