If your godfather is bankrolling this operation and is not too concerned about making money, as opposed to having fun, and he is an experienced retail person, you're going to be OK. If he is concerned about the money (i.e., it's necessary for his day to day living expenses, or retirement funds), this would be a bad idea. If he has no retail experience and you don't either, this would be a bad idea. These are the two key points, disposable funds that aren't needed for something else, and will not be a problem if the business doesn't work, and that one of you having significant retail experience. Absent these, I wouldn't even consider this a sensible path forward, as many have said. If it's his desire to spend his discretionary savings and income on supporting you, and this business is his way of doing so, godspeed.
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