Haven't seen this covered in other forums: whilst I am pursuing my own ideas I have recently come across people (I know them through work) who did the following:
1. Bought companies in administration/receivership (i.e. distressed). Two guys invested 300,000 into the business (telecoms) and turned it around. They are now exiting the business and have had offer of circa 16m-18m. It took them over the 6 year time frame the Fast Lane espouses but not much - less than 10 years. The other has bought a Spanish company about to go under (he and his "co-founder" invested 170,000 in total). They are likely to have a multiple of low millions at the very least based on the concept of the company.
2. Invested in an AIM (Alternative Investment Market - a sub market of the London Stock Exchange) listed company. He was already wealthy (an investment banker). He bought shares in the company for 1m and they are now worth (18 MONTHS later!) 6m.
It's an open thread/all thoughts welcome but starting point I guess is: does anyone know others who've done this? And how do you go about identifying the right company? The risks are obvious: you make a bad punt and it goes no-where but the upside to something that is not squarely in the FastLane (i.e. starting your own business) yet has the potential to get you there in the same time frame. Look forward to reading everyone's thoughts
1. Bought companies in administration/receivership (i.e. distressed). Two guys invested 300,000 into the business (telecoms) and turned it around. They are now exiting the business and have had offer of circa 16m-18m. It took them over the 6 year time frame the Fast Lane espouses but not much - less than 10 years. The other has bought a Spanish company about to go under (he and his "co-founder" invested 170,000 in total). They are likely to have a multiple of low millions at the very least based on the concept of the company.
2. Invested in an AIM (Alternative Investment Market - a sub market of the London Stock Exchange) listed company. He was already wealthy (an investment banker). He bought shares in the company for 1m and they are now worth (18 MONTHS later!) 6m.
It's an open thread/all thoughts welcome but starting point I guess is: does anyone know others who've done this? And how do you go about identifying the right company? The risks are obvious: you make a bad punt and it goes no-where but the upside to something that is not squarely in the FastLane (i.e. starting your own business) yet has the potential to get you there in the same time frame. Look forward to reading everyone's thoughts
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
