Buying or Starting A Business

jobI am revisiting this subject as for many, buying or starting business is not something that is thrown into the investing arena as often as it should be.

Why?

Well because for the most part there is no middleman to push it unlike most other investments so we don’t see it.

And lets face it, if your education was anything like mine, I was not taught anything about investing in high school or college. So, you have to pick it up on your own and most of us are taught that investing is about stocks and bonds and whatnot.

However investing in small or medium sized businesses is probably one of the most lucrative things that you can do. Whether you start one, buy one, or invest in one, they could easily end up being your best investments.

In the recent book “Get Rich, Stay Rich, Pass It On” by McReen and Walper, they suggest that you invest 25% of your portfolio in entrepreneurial opportunities.

This subject as a whole, is sorely not given the attention it should. Having been a serial Entrepreneur since the 3rd grade, I have learned a lot about what to do if you are starting a business and a whole lot more about what not to do as well which in many cases is more important.

I am not going to cover this whole subject here but, I want to point out a couple of things in this first installment.

  1. You don’t need a whole lot to get started. You can start or acqure quite a few businesses for under $500, a much larger number for $5,000 and literally thousands of different ones for under $25,000. If you have $100,000 or more to invest, the sky is the limit. You can own all or at least a sizable share in a business with that amount.
  2. You can either be a passive or active investor.
  3. We are not talking about buying yourself a job here. We are talking about being an investor with returns and having other people do the majority of the work for the most part. That is unless you find you enjoy the business you start or buy.

I will be posting a slew of resources on how to find a business to invest in and how to start a business that has a very good chance at being profitable. I will also show you how to figure out how to find out if is a good one before you invest a dime or a whole lot of time. As with many things in the investment world, there are some tricks and I am going to show them to you for free of course.

In the interview I saw with Sir Richard Branson the other day he was asked what areas of the market he was investing in and he looked at them and said that he doesn’t invest in the markets but he puts his cash back into his own companies and starting new ones.   Perhaps he knows something?


Leave a comment or a question