Question about side hustles
Figured I would get this subreddit's thoughts on an opportunity I have stumbled upon. I'm a younger broker who is just starting to get some steam in my market, and I have recently been approached by a guy I've known for a while with a potential opportunity. He claims he is close to having the equity partnerships signed up to do a couple hundred million $$ of acquisitions of a particular niche product type all across the country over the next 2-3 years. This guy is a one man show broker/investor type guy that works by himself, but I've became friends with him over the years and definitely respect him and his expertise in this niche. He was formerly a principal at some well respected firms. He basically asked me if I want to partner with him. If the opportunity turns out to be legit, I am thinking about splitting my time with the plan to jump ship completely if the acquisitions really start taking off. Wanted to hear if anyone has done something similar where they had a pretty substantial side hustle while also being a broker, and if it was a success. I am someone with a pretty high threshold for work hours/intensity etc (working 60-80 hours a week right now), but I don't know if it is realistic to be a broker and also work on big acquisitions at the same time.
[{"id": "fgthjbb", "text": "Pick one or the other. When you try and split time you just end up doing a shitty job on both.", "replies": [{"id": "fgthnz1", "text": "In the words of the great Ron Swanson (Nick Offerman) \"Don't half ass two things, whole ass one thing.\"", "replies": [], "depth": 2}], "depth": 1}, {"id": "fgts2di", "text": "Just an FYI - every one man show broker/investor is always just *thiiiiiiiiiis close* (imagine I did the little finger pinchy thing) to landing that multi hundred million $$ programmatic deal... So take it with a grain of salt.\n\nFocus on your business, learn the fundamentals. If lightning should strike, I'm sure he'll love to have you on board if you're good at what you do.", "replies": [{"id": "fgtuleu", "text": "thanks. appreciate the perspective/reality check. It's fun to think about the best case scenario here, but in actuality he may be further away from this business plans than he claims. I would for sure not make any decision before seeing signed term sheets with his equity partners", "replies": [], "depth": 2}], "depth": 1}]