Reddit Warns Burned-Out Denturist: 'Even If You Think You Understand All the Risks, You Probably Don't'
It's good for people to look for additional ways to boost their income. Increasing your earnings gives you more flexibility and can help you retire sooner.
One burned-out denturist who earns $300,000 per year and owes $1 million on a mortgage is looking to acquire a business that has more than $500,000 in annual profits. While this move can boost the denturist's income, Redditors offered plenty of warnings against business acquisition.
"Even if you think you understand all the risks, you probably don't," one commenter said.
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Commenters offered a few suggestions for the denturist to deal with burnout and look for opportunities to earn more money.
Identify The Cause Of Your Burnout
One of the top comments came from a Redditor who suggested figuring out the cause of your burnout before jumping into any new ventures. Starting or acquiring a business requires a lot of work, and it's probably the last remedy that you'd consider for solving burnout.
The commenter suggested that travel could be the cause of burnout and encouraged the denturist to look for a similar role that "reduces travel while maintaining similar benefits."
The commenter mentioned that they were burned out and switched jobs to solve the issue. Working for a more stable company with better management support may be worth it, even if you have to take a small pay cut.
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You Can Lose A Lot Of Money If The Acquisition Doesn't Go Well
While one commenter advised the Redditor to identify why they feel burned out, most commenters warned about some of the downsides of acquiring a business. They emphasized how things don't always go smoothly, and a company that is delivering solid profits right now may not do so well in a few years.
Companies that earn $500,000 in annual profits usually reach that milestone because of an effective leader. Acquiring a business may mean losing that leader, and if you don't know how to run a business, your investment can quickly turn sour.
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