Recent content by Burning Desire
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Building a Luxury Business
EXECUTIONOops, I promised myself to post regularly, but then didn't do it. Not helpful to track progress publicly I guess, but it's not because the wheels haven't been turning. Have to post more often. Update: - We have launched a beta version of the site. It looks pretty good, but is a bit unstable...- Burning Desire
- Post #5
- Forum: Process and Execution
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Building a Luxury Business
EXECUTIONStarting a luxury goods business with a partner. My partner has been in the space for ~10 years and has a good understanding of supply chain, sales etc. We also have a few talented designers lined up. I'll be more on the corporate/business development side. The vision is to build a new global...- Burning Desire
- Thread
- Replies: 4
- Forum: Process and Execution
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Cannabis biz started 2 years ago, sold $7M!
Great trade for him. Cannabis-related businesses sell at ridiculous multiples because people expect rampant growth in the sector. Typical boom and bust cycle. Great job on him though, building a following like that in such a short timespan.- Burning Desire
- Post #6
- Forum: Business Models, Niches, Industries
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Investor money vs natural growth vs bank's money?
Take Equity funding if you think (1) the valuation is attractive and (2) the investor can also bring commercial input into the business. Bank debt can be REALLY accretive to you as a shareholder, but you need to make sure you understand how to manage a relationship with a corporate lender. I.e...- Burning Desire
- Post #2
- Forum: Mindset and Self-Development
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Seeking Driven Collaborators to do Cool sh*t Together
MARKETPLACEI don't understand the criticism. This is an interesting set-up. It's a bit of a VC/PE style deal where the investor promises part of investor profits to the management team. There has to be a clear deal though regarding how much capital OP commits at what stage, how the profit waterfall works...- Burning Desire
- Post #11
- Forum: Fastlane Marketplace
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What's your Lambo? What's your WHY or PURPOSE?
NOTABLE! CHATLiterally A Lamborghini Huracan Performante (and wealthy enough not to care about the cost of damaging it). Taking the question seriously Owning equity in businesses that generates so much free cash flow that working for someone else doesn't make sense anymore.- Burning Desire
- Post #189
- Forum: Off-Topic Threads
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From Wall Street to Main Street
INTROFEB-17 UPDATE I set myself a couple goals at the time I started this topic. 1. Learn basic HTML/CSS: Done 2. Generate 1 business idea per day: Done/progressing > Actually I think this is quite interesting. I've generated some really shitty ideas, but also one or two really good ones...- Burning Desire
- Post #2
- Forum: Introductions
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Take your location independent business offshore - GlobalWealth
MARKETPLACEHow much would a consultation be? Would probably consider this if my business picks up. I'm an EU citizen, resident in the UK (also for tax purposes) and virtually never in the US. I would take your advice on how to get paid since basically all payments are B2B so I have flexibility there (but...- Burning Desire
- Post #26
- Forum: Fastlane Marketplace
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Take your location independent business offshore - GlobalWealth
MARKETPLACE@GlobalWealth Read the ebook, interesting stuff. Minor question, but suppose I have a web-based business that sells leads to US-based businesses (the potential customers itself are also 100% US). Business itself is incorporated offshore (think Jersey, Cayman). USD bank account through a...- Burning Desire
- Post #24
- Forum: Fastlane Marketplace
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Is mortgage ever a good idea for a fastlaner? [ADVICE NEEDED]
IDEAYou should compare the Return on Invested Capital (ROIC) of reinvesting cash in the business vs. buying a house. I really hope for you that the ROIC of your business is higher...- Burning Desire
- Post #12
- Forum: Ideas, Concept Feedback
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STOP Paying Rent: Live For Free
GOLD! REAL ESTATEPerhaps a stupid question, but do FHA mortgages allow you to rent out part of the property? In most European countries this is NOT allowed with a standard residential mortgage. A so-called "buy-to-let" mortgage is significantly more expensive.- Burning Desire
- Post #230
- Forum: Real Estate Investment Forum
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To all Real Estate investors out there
It's a poor point in the cycle to start investing in real estate. The current problem is that NOI yields are extremely low, driven by the low interest rate environment. In a rising interest rate environment, you should expect the NOI yield to increase hence putting your equity at risk...- Burning Desire
- Post #3
- Forum: Real Estate Investment Forum
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From Wall Street to Main Street
INTROA $1m/year PBT Business is Worth 10x a $1m Salary. I got lucky and landed a job on wall street a couple of years ago. Wow, I must be on a fast track to private jets and ruling the financial world I thought. Think again. It was mostly PowerPoint and Excel until 2 am. After some time in...- Burning Desire
- Thread
- Replies: 1
- Forum: Introductions
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I've Read The Millionaire Fastlane!
GOLD! HOT!I have read the book. Particularly enjoyed the chapters around CENTS and business ideas. For me personally, I didn't need the motivational stuff so I went racecar mode through it.- Burning Desire
- Post #5,018
- Forum: Forum News/Updates
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