Arcview Group

Before you start, read the book Profit First for Restaurants.

His 25k is an interest-free loan. So you’re giving him 35% equity for the amount of money you’re saving on interest (plus whatever his advice is worth to you).

You could get a personal loan from Discover right now for up to $40k. Interest rate depends on your credit score, but let’s say 19.9%.

If borrow $25k and repay that over 48 months, your total interest paid is $11,500.

If you believe in yourself, the numbers make sense to get a personal loan.

Or negotiate that the 25k isn’t a loan - it’s an equity investment. He’s putting in money and you’re putting in effort. Then the 35% equity might make sense, especially if he’s also an advisor.

Can your vendor send you unbranded product via air?

That would allow you to keep selling. Customer won’t care if it doesn’t have your logo.

What’s the worst case scenario if it doesn’t work out? Can you move back in with your parents or couchsurf if revenue goes to $0?

And what is the likelihood of that? You’re 23 so your downside probably isn’t huge.

My side business doubled in the 12 months after I quit my full-time job and then doubled again the next year.

I was 26 when I quit and it was the best move I ever made.

Could you go from 40k to 80k if you were able to focus all your efforts on your business?

If so, go for it!