GeneralBusiness DecisionPosted:

ZeGermanGuy
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Should I take a year or 2 break after I graduate high school to take the time to pay off the debt for this online business?

Or should I go to a University while trying to run the business? (Keep in mind the workload of the business and college)

Also for some insider info. This business makes around 20,000-30,000 net profit. To give you an idea
#2. Posted:
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ZeGermanGuy wroteShould I take a year or 2 break after I graduate high school to take the time to pay off the debt for this online business?

Or should I go to a University while trying to run the business? (Keep in mind the workload of the business and college)

Also for some insider info. This business makes around 20,000-30,000 net profit. To give you an idea

Speaking from my own personal experience I would probably wait until the debt is paid off and than go to school.
The biggest regret of my life was not paying off my student loans before going back to school.

Also going to university and doing a business at the same time wouldn't be good because you would be stressing all the time about paying back your debt and doing good in school.


Last edited by -ORML- ; edited 1 time in total
#3. Posted:
slader
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It's definitely a good decision to wait and build a little bit of credit so your loans will be less.
#4. Posted:
Mikey
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I'd wait till the debt is paid off mate.
#5. Posted:
WittLowry
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Take a break and pay it off man. You don't want to build up all kinds of stress while going to school. Take time to breathe and figure out what YOU wanna do.
#6. Posted:
002
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Why would you need to go to school if the business is already starting to be successful? To me there's no reason to go to college, focus on growing the company and get debt free.
#7. Posted:
Sean
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ZeGermanGuy wroteShould I take a year or 2 break after I graduate high school to take the time to pay off the debt for this online business?

Or should I go to a University while trying to run the business? (Keep in mind the workload of the business and college)

Also for some insider info. This business makes around 20,000-30,000 net profit. To give you an idea


Depends how large the debt is vs its income
#8. Posted:
FunkyBuddha
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I would wait until you pay off your debt and you can certainly handle the work load. I was finishing my school while working 45-60 hours in a stressful environment and it can really drain you.
#9. Posted:
Spencer
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You should take some time off, and go to university when you are ready.
#10. Posted:
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it depends on your purposes and needs. Personally I would try to run the business first
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