What do you think about starting a business while working?
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A few days ago, a few very close friends got together to talk about investment projects. Friend A is a senior buyer (hardware products) of a powerful factory, and friend B is a senior technician of a certain process in this factory (and is proficient in the technical aspects of the products purchased by A). A and B came to me together with several other friends to talk about jointly establishing a small hardware machinery factory. The essence of the business is to produce products for the powerful factory that works for A and B. A is responsible for sales and technical B is responsible. Normally, if everyone does not show up, there is no need to resign from the unit and find another acquaintance to manage the small machinery factory on their behalf. This project requires all the savings of my wife and I to be invested, and I am currently hesitant. What do you think? Any advice for me?
It’s not good to save all the money. . Eggs cannot be put in the same basket. .
You can try it, don’t invest too much money, consider your affordability.
How much does the poster know about this industry (small hardware machinery factory)? If you don’t know much about it, would you dare to start a business in this industry, or should you use all your savings? In other words, if you don't have to resign and can just rely on a few acquaintances for management, then it would be easy to make money in this industry. I think if you are willing to take a gamble, then you might as well take the gamble completely and have a few of you resign and focus on this business. Otherwise, it is better to be cautious. After all, human energy is limited, and no matter how capable people are, they will inevitably be unable to do what they want. After all, it is all their savings. If things go against expectations, it will be very difficult in the future.
One of A and B can produce and the other can underwrite sales. What is your main job? Is it day-to-day management or major investment? Nowadays, many small-scale production enterprises adopt this model. It depends on the actual situation of the poster.
To be honest, I don’t understand it at all, and I think the unpredictable factor is too high. This makes me hesitate.
I am not involved in any management, only investment.