My Partner Is Terrible

[UPCC]

<font color=e87400>UPCC. Not trying to be funny or sarcastic here. If you don't absolutely have to have the money, like you are not trying to support your family or trying to contribute to a college fund, you should drop the business & just study your a$$ off!

Get straight A's, Go to college & get a masters degree in something that starts out a $100k a year.

Trying to run a business right now, especially with problems as you are having is only going to distract you from what's important, your studies! Get an education & spend your spare time being a kid! You'll have all the time in the world to work later.

Just my 2cents worth!

Cody
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That's good advice but my dad is the CFO and President of a large Consulting company and he won't allow it...I have to be making money in his opinion. I have a 3.7 GPA at a private school which I got an edu. scholarship to. I need this money so that I can finish restoring the Mustang and I appreciate getting some experience in sales and meeting some people that might help me out in the future. My plans have always been to either let my cousin run the comp. while I'm at college (which doesn't look like a good idea) or to get it to a point that I could sell it. This won't take away from my studies.

 

[PressurePros]

I couldn't disagree more with Jon and Cody. I offer apologies to you, son for making light of what is obviously a frustrating situation. I admire what you are doing and your Dad is 10000000% on the right track. School teaches you how to be a good student and how to give Uncle Sam 1/3 of your salary.

Eighty percent of self made millionaires are entrepreneurs. The greatest thing my son could say to me is "Dad, I don't want to go to college I want to learn how to accumulate money. Teach me the business".

Jobs are jobs. They come and go.

When you think you are riding high as a CEO, the B.O.D downsizes the corporation or swaps you for someone different.

When you have your medical practice established and thriving, the insurance companies squeeze you the same time your landlord raises the rent on your office.

When you're sitting in your office every day chasing ambulances and realizing that you just worked from January to April just to pay your tax bill for the year, your education won't be worth dick.

Bravo to your father for not falling into the conondrum of one sided education. Education at a university is a fine thing. Learning how to accumulate assets and securing the future of your family generations is a whole different ball of wax.

 

[Jon Fife]

Not saying not to be self-employeed, just get an MBA or acct. degree first, then see what doors open for you.[/QUOTE]

..Please heed this advice. At the least, get an accounting degree. Ken is right; a lot to be said for self-employment. Lots of benefits. Lots of downfalls. Essentially, it's Life. Not for everyone. I have friends that are a lot smarter and more talented than me that would be HORRIBLE self-employeed people. The city you're in....wanna stay there the rest of your life? Self-employment doesn't lend itself to being able to up-and-move.

I STILL say get an MBA if you are wanting to do biz. Grasshopper, please remember this, and apply this above and beyond all else: College is you greatest one-time shot at networking you'll ever have. BE INVOLVED. Get to know lots of people. I swear, that will make or break you (namely, if you will be staying in the city of your education).

Last fatherly advice, Grasshopper (though I'm only 29, but I have a degree as well): do the best you can. Really. You hear that all the time, but absorb it. The standards you set for yourself in college will play out the rest of your life. I had my biz in college, and i didn't study becuase, "hey, I'm making money, I just skate by in school." That is a horrible attitude. And I find, time to time, it spills over into my everyday life. The mentality of a slacker not giving his all. Good luck, hope all goes well in school, biz, and life.....and chase skirt. Chase it like there is no tomorrow. Seriously. This is your last/only chance to date 18 and 19 year olds for free.

 

[UPCC]

I wish I was dating 18 or 19 year olds but 16 will get you 20 so I'm sticking to the other sophomores and juniors right now .

Maybe I'll just pull a Google/Microsoft and drop out of my Ivy League school because my business is doing so well (I doubt it). My dream was always to start a Car Modification company like Gemballa but the competition is overwhelming.

Unless I go to Notre Dame I do plan on going to college where I want to live (probably California). It's a little pricey but if I'm not happy I won't succeed so I might as well go where I want to. I'll definitely get an MBA. I'm also considering doing a double major in something business like finance or marketing as well as engineering but it's still a little early to think about it too much.