{ "media_type": "text", "post_content": "Is it an unrealistic idea or a foolish thing to do to leave B4 so that I can go out and start franchising my very own business?", "post_id": "57507bebba03bd0e0015794b", "reply_count": 11, "vote_count": 2, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting", "feed_type": "crowd" }
null

Is it an unrealistic idea or a foolish thing to do to leave B4 so that I can go out and start franchising my very own business?

like
Posting as :
works at
You are currently posting as works at

Trust came from relative I didn't even know. I was the last of the surviving blood on that side of the family. Imagine the surprise on my 18th birthday.

like

If you are not willing to lose it all, then it's not the right time

like

You need to do a lot of research but with that cash you could finance something like a laundromat and get some passive income that allows you to still work. Or look into fast food franchising. I don't think it's foolish at all.

Alternatively investing in real estate could be lucrative and if you get enough rental properties that can easily be a full time job.

like

Must be nice to be a trust fund kid

like

If you're business is stable enough I think it's realistic. B4 will always be here so just make sure you leave on good terms.

You need a pretty sizable amount of capital, but if you have that yeah go for it. Something I've been considering myself if I can scrape together a few hundred k in the next decade and decide to forgo bschool

Currently have about 250k in a trust fund set up for me

Afraid that I am venturing into the unknown and will blow my fortune

Neato

I wish I had a 250k trust fund I'd drop public accounting in a heart beat. Don't be afraid to start the franchise. Only thing you have to lose is money you never thought you were going to have in the first place. That being said do your research and you'll be fine.

I'd consider buying some rental properties with that money instead. Not now though. Wait a few years for the next down turn.

Additional Posts

New Fish: for those working 55-70 hour weeks, does anyone go on dates? How do you manage to fit it into your week and how do you get rid of them if you’re not interested?

like

Anyone hear of a patent attorney going to an investment bank, hedge fund, or venture capital firm?? Considering a change. Thought I could use my skills to help investors analyze and valuate companies.

FYI: Michigan Ross is calling R2 admits today. Good luck everyone!

likehelpful

Hello all, I have been selected in Deloitte USI i-as a Consultant and will start from June end. Can anyone let me know if Deloitte is going to deliver the office asset prior to the date of joining? And also will there be any other device/asset included in the welcome kit?
Also is there any reimbursement policy available for wfh setup or internet bill? Thanks in advance!!
Deloitte Deloitte India Deloitte USI Deloitte USI Deloitte

like

Client: "Are there any slides that I could do? I mean, slides without graphics." 🙄

like

Diversity in the creative exe and cco are getting better. But can you help list these people to get a count of how many we have? Blacks or Asians or Hispanics too

1) Susan Hoffman
2) Kate Stanners

like

Anyone know anything about a Charlotte-based company called Red Ventures? I can’t get a handle on what their verticals and profit centres are. Is it a glorified pyramid scheme?

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or

General

Legal