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what do I do?

Discussion in 'Introductions' started by Gambles, 23rd Jul, 2010.

  1. Gambles

    Gambles New Member

    Joined:
    23rd Jul, 2010
    Posts:
    1
    Location:
    Donnybrook,WA
    My boss has asked me to buy into his business and I am keen. What do I do now?:confused:
     
  2. merlinnn

    merlinnn Active Member

    Joined:
    1st Nov, 2009
    Posts:
    35
    Location:
    Brisbane
    Go see your own accountant and get him to review the business! Why is your boss asking you to buy in? does the biz simply have cash flow problems and he needs a lift or is he keen on aquiring your skills on a more permanent basis?

    How well do you know the business, is it stable, does it have long and established clients?

    There are a million things you need to think of and questions to ask. At the end of the day how much capital do you have to invest and what will your return be on your investment as opposed to simply buying yourself a job?