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We have engaged consultants in the industry to evaluate the business. The non-disclosures have been signed and they are preparing their report. I'm fairly experienced with general accounting but you always want someone with industry experience to look at the numbers. Plus, it helps the business plan and to keep things in the realm of sanity. So far, so good. I've already used a LOT of what I've learned reading here so I know what questions to ask and, hopefully, what to look for as we try and figure this all out. The anticipation is killing me. Now that we've seen the place and know we'd like to live there, we still have to figure out what to offer, figure out how to convince the bank to finance us (business plan), move there (just kill me now), set up and hope not to take too big of a bath the first year while everything shakes out. I hate making mistakes but I'm sure I will, it's inevitable. If we can just manage to avoid a few of the obvious ones, I think I'll feel better about it. It's a weird mixture of excitement and anxiety/fear so I'm trying to manage our expectations while still feeling good about setting goals. So, uh, yeah. That's how I'm doing.
We have engaged consultants in the industry to evaluate the business. The non-disclosures have been signed and they are preparing their report. I'm fairly experienced with general accounting but you always want someone with industry experience to look at the numbers. Plus, it helps the business plan and to keep things in the realm of sanity. So far, so good. I've already used a LOT of what I've learned reading here so I know what questions to ask and, hopefully, what to look for as we try and figure this all out.
The anticipation is killing me. Now that we've seen the place and know we'd like to live there, we still have to figure out what to offer, figure out how to convince the bank to finance us (business plan), move there (just kill me now), set up and hope not to take too big of a bath the first year while everything shakes out. I hate making mistakes but I'm sure I will, it's inevitable. If we can just manage to avoid a few of the obvious ones, I think I'll feel better about it. It's a weird mixture of excitement and anxiety/fear so I'm trying to manage our expectations while still feeling good about setting goals.
So, uh, yeah. That's how I'm doing.
