It can be exciting and liberating to reinvent yourself — but it’s not for the faint of heart. Peter Calafiore knows this from experience. After several years in management at beauty magnate Avon with a good salary, expense account and benefits, he decided to pursue his dream of opening a flower shop.
“You have to be willing to make sacrifices and realize that it may take years for a new business venture to take off,” he says. “I sold my house, got a beater car, and prepared to live on $15-16K a year.”