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Old 04-10-2013
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Re: Starting a business?

I had some friends who were interested in buying a bed and breakfast, to live in and run as a business. I asked my dad, who was in the hotel business, if he had any advice for them. He said, "Anyone who wants to own a bed and breakfast should spend a year working in someone else's bed and breakfast."

That may or may not be possible in the type of business you are considering, but the point is: best to experience and learn about the business, including if you like it, before going all in.
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