No. of Recommendations: 3
<<I found when I went into business that almost all my friends were very supportive in the run-up phase and during the first few weeks for some and the first few months for others. Then people begin to realise that you are never going to go back to the old timetable. Others can understand that a business isn't something which shoots out cash but rather, if you are ambitious to expand and develop then a business is a black hole into which you pour money for rather a long time. People expect you to be able to 'get on' while milking the cash out of your business.

Personally, I'd be cautious of a business that is still a black hole for your cash after six years. My own feeling is that it's important to be taking money out of a business for retirement plans, savings and other investments so that you have a variety of asset types.

While the comments of friends and relatives may not always be helpful, if you really are spendling "endless" hours pouring money into a black hole, it may be worthwhile to look carefully at the payoff you are working for. That may well be worthwhile doing for a while, even several years. But I'd imagine it can cost you a lot of your life if you get trapped into that for too long a period of time.

Seattle Pioneer
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