Hank49
Contributor
If one of my kids told me this, I would be pretty stoked that they're excited about something to pursue in their lives.
But, I would also sit with them and talk about it and see if they have researched it, have any idea of the investment needed, understand how dive shops work in a resort area, have a 5 year financial plan, look at the health of the industry in the area they plan to set up in etc etc. I would be real enthusiastic about it and try to help with the plan as much as I could.
If they have done all this and seem to have a realistic view, why not? Starting a dress store down the street from Mom and Dad is risky too.
But, I would also sit with them and talk about it and see if they have researched it, have any idea of the investment needed, understand how dive shops work in a resort area, have a 5 year financial plan, look at the health of the industry in the area they plan to set up in etc etc. I would be real enthusiastic about it and try to help with the plan as much as I could.
If they have done all this and seem to have a realistic view, why not? Starting a dress store down the street from Mom and Dad is risky too.