For context I work at a small coffee shop . They have been established for 15 years… before Covid the business isness was VERY busy . The coffee shop to be at. During Covid the company had to switch managements and business began to decline . Right now it pays enough to operate and pay employees (this includes myself)
I’ve been working there for 2 years. I recently expressed to my boss I want to start my own business venture but I don’t know if the time is right . I love what I do and the neighborhood I’m in. I find a lot of joy in building and creating a community . She saw this and my dedication and hope for the place and offered me half of the business ess and profit made from it.
What am I getting myself into? I feel this offer is amazing and something I would really love doing. I’m young and don’t have much to loose… or maybe I do and that’s why I’m posting. I’m willing to invest 7k into the company but nothing more. But a lot of my time and dedication would be to bring business back in .
What do I need to think about ? Pros and cons?
Sounds like a good opportunity. There’s loads of good comments on this thread that are hopefully allowing you to see numerous different angles. I would add to this that it sounds to me like the person offering you in wants to get rid of the day to day running of the business and therefore invest their time elsewhere. Likely is that they see a future with you in the business. I’d want to understand clarity of roles in that. You don’t want them hawking over you saying “I wouldn’t do that” all the time but at the same time need to learn from their experience. If they’ve been doing it 15 years, then they know what hard work is. You should know that running a business is nothing like working in a business. I personally like the idea of partnerships but I have had, and dissolved, a couple because I felt like the other party wasn’t pulling their weight. Good luck.