Hi Guys and Gals,
So Ive been hanging out over here in Shanghai for the better part of a decade. Its great, I love it.
I love Jiu Jitsu and Ive been training about 5 years now, Im a purple belt under Ralf Warneking.... one of Eddies early Black Belts. Ive been kicking around the idea of starting up a school over here (or somewhere) within the next couple years.
What are some critical factors to consider before you invest your hard earned money?
I am curious what do you guys think is a reasonable financial basis to start from?
For example: have enough for school opening, renovations, and then like 1 years rent being covered?
Do you guys recommend finding partners to share some of the risks and benefits? Or try to go it alone?
Any thoughts or comments would be greatly appreciated.
Thanks
Tyler
So Ive been hanging out over here in Shanghai for the better part of a decade. Its great, I love it.
I love Jiu Jitsu and Ive been training about 5 years now, Im a purple belt under Ralf Warneking.... one of Eddies early Black Belts. Ive been kicking around the idea of starting up a school over here (or somewhere) within the next couple years.
What are some critical factors to consider before you invest your hard earned money?
I am curious what do you guys think is a reasonable financial basis to start from?
For example: have enough for school opening, renovations, and then like 1 years rent being covered?
Do you guys recommend finding partners to share some of the risks and benefits? Or try to go it alone?
Any thoughts or comments would be greatly appreciated.
Thanks
Tyler
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