I haven't been sucked into anything but I really have an itch to do something. I recently attempted to buy out the majority owner of our business but the timing wasn't right for him.
I have some money and am open to ideas.
KB
I have spent a lot of money over the years on books, tapes, cd's and memberships trying to find better and faster ways to make money. Also residual income has always intrigued me, things like ambit energy, amway and quickstar are some of the idea's I have tried. Im currently putting together a real estate investment plan using Dean Graziosi's latest book.
Have you ever been sucked into one of these money making, get rich quick plans?
invest it in some good solid stock! or if you want to risk it, dont risk more than you can afford to lose!
if get rich schemes really worked than everybody would be rich! save your money!
I'm not looking for a passive investment. While I'm a small owner of our business, it is EXTREMELY frustrating having to live with the stupid spending decisions especially since I'm also the CFO.
you can always go out on your own. i love being a business owner and a solo one at that! too hard to find good partners that are like minded. if you have the extra cash, sell out your part and move and start your own business!
ATW, the challenge without having a business partner is how exactly to you exit the business? For example, for most service related businesses, the real value of the company is the net present value of future cash flows. If you have no one to take over the business once you're ready to leave, there are no future cash flows, and the business really isn't worth anything. It's a shame to simply walk away from a business that you've created and run for so many years. Besides, is many cases you have employees that are counting on you. Simply retiring means they're all out of a job....
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