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Knew someone with a photo shop, used to make a mint. He sold out and bought 3 commercials in Melbourne CBD (on Lonsdale St). Smart move. Know another guy who owned video rental stores. Used to make a mint. Gave all his money to the casino, and along came bit torrent and youtube. He's now...

I think they started all the businesses from scratch with very little capital. I don't think they've ever bought a second hand business. Anyway I think there's a time and place for everything. Right now I'm sort of juggling both (although my business is quite passive, but it pays more than my...

Running hospitality doesn't mean you lose your time. There're people who run properties who spend more time. My folks once had a number of hospitality businesses each with at least 200 people capacity, and they spent less than 5 hours working per week.

You should do it. Get the life experience and don't sit there thinking what if.