<prompt> Human: Hello reddit! As the title says, Im buying into a bar as 51 owner for 8k. He bought in for 16k. I know I have to save an extra 4K for rent and buying liquor bottles and such. However, I need help with how to approach this situation. I have worked at this bar since it opened and it hasnt been the best money making job. The current owners dont know what they are doing and constantly change the bar hourshappy hourfood menu. I dont know a lot about accounting or financing or anything, but I believe that I could turn this place around. What should I do to approach this? The other owner knows I want to buy in and is okay with it, however he is trying to get 1 from me. Originally he wanted me to buy him out but now believes that I could be of some use. And the other owner whose share I am taking wants to focus on his other business ventures as this one isnt his forte. All in all I want to make sure Im not buying into a bunch of debt or making a huge mistake, but I am willing to learn anything new if it means I could make this business successful. If yall need the earnings of last year as well as costs from last year I am willing to share if you pm me. I just want to make this work somehow. But Im really anxious about doing this.  <response>: Bars and restaurants are notoriously difficult to manage and turn a profit from. You may think you have good ideas, but so does everyone else who gets into this. Very few are successful.My advice: save your money. 