Should I keep it or move on?
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I own a small lawn care business that I started years ago as a young teenager while still in middle school. I run the business throughout highschool, built it up, purchased alot of equipment...even had a number of full time seasonal employees a year back. But I've now graduated high school and am in college full time. I still run the business on the weekends (live close to home), but I can't decide if I should sell the business/equipment and do sometime less equipment intensive (such as cleaning/painting...even online business), or keep it going...
I'm trying to support myself through college, so money is an issue, but there are student loans. I did limit my college selection due to the business so I could stay close, but would like to go to some higher schools at some point.
Running the business solo I make about $20K/year working part time during the growing season. But insurance and equipment upkeep eat into that.
What would you do? I want to get into money management as a career
Should I keep it or move on?Depends what are your longtime goals
If you can sell and the money is re invested into another business OK.
It is very difficult to start a new business.
You have already established yourself in the one you have. Lawns are not going away anytime soon. It still makes money so why throw away a winning hand. Perhaps expand and find someone who will (for the right price) manage the business.
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