Anonymous 319207[Reply]
My dad wants me to start a food business with him. I'm a NEET, never been employed, and since I plan to get into the food industry in some way I've brought up the idea myself before, but it's always seemed like something out of my depth. As tempting as it is I think it's ultimately a bad idea. I seem to be putting far more thought than my dad is into the danger of ending up in my 30s saddled by the debt of a failed business in my 20s. He says all these things like "we won't fail if we plan ahead properly and make sure to be clever about it" and how he had a small company twenty years ago selling photographs to publishers, as if that's anything to do with the skills required to run a food company. He brushes off the idea of what we'll do if the business fails with "we just have to not fail in the first place".
It's annoying how I'm the one in the position of shutting down my 50 year old father's crazy overly-optimistic ideas, isn't that the opposite of how it usually goes?
4 posts omitted. Click reply to view.Anonymous 319426
>50 year old father
Lucky. When he's 80 you're going to be feeling sad
Anonymous 319442
1d0401326180f87c91…
Frankly, if you have no training or experience in business administration, it will be a huge frustration and a waste of time. If you and your father are so keen to start this business, you should pursue one or both of those things before you begin. But it's worth a try; working for others as a NEET for so long is a complete mess.
Anonymous 319719
Open the business debt free with your dad, however that works for you. You can start by offering small catering for parties to experiment with different dishes and make money to buy a truck and start by doing local events…build from there.
I sold my car, worked for 2 years a crazy amount of hours (like 70 hrs avd a week) cashed out my 401k, and built up my own dog grooming business. Took me and my amazing husband $18.5k and 18 months (only 1k build cost a month) with youtube guidance to finish buiding my 160sqft shed.
I have been open since 2024 and been making a steady $4k a month net since month 4. The key was opening debt free, and now the income is split 25% taxes, 25% business expenses and upgrades and 50% net.
You can do it, just takes a LOT of sweat equity to do it without being owned by loans and silly expenses.
Anonymous 319731
You can try to convince him to put the idea on hold at least till the gas crisis and other problems stop for a while, because you need gas to cook unless you plan to use firewood or electricity.
