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  1. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    Thanks for the feedback. These are the exact options I am facing. In 2016 I am focused on adding inventory to increase sales, but by the end of the year I will be looking at buying another business. My plan is to look for a business that is generating $75k - $150k/year in profit, in a field I...
  2. CPisHere

    Scooter Business

    EXECUTION 
    I don't see why it can't be profitable, but there may be local legislation that limits your ability to do this and/or the market may be over-saturated.
  3. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    Am I understanding you correctly so that if your ideal lifestyle cost was say $10,000/month - you wouldn't invest in RE until you were making at least like $50k+ /month?
  4. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    What do you think about this article, where a guy owns multiple businesses that "run themselves"? Have you seen anyone do this successfully? http://observer.com/2015/12/meet-the-millionaire-who-runs-10-businesses-while-sailing-around-the-world/
  5. CPisHere

    How to make 15-20K in 4 hours..EVENTS!

    HOT! SIDE HUSTLE 
    I love how simple this is, yet most people are too afraid to fail to try it - which is our opportunity. What are some ideas for taking this idea and doing it for something outside the college/bar scene? You could do it for a 1,000 different things.
  6. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    Do you have experience running or buying businesses? I'm not sure how informed this opinion is... I believe your opinion that big returns require big risk is misguided. Lots of great businesses sell for 2-3x earnings every day.
  7. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    I definitely agree with your logic. I'm curious how you prioritize your goals between income growth vs wealth diversification. It seems like if your income is, say 2x higher than the lifestyle you are comfortable with, then wealth diversification becomes the predominant factor - at least until...
  8. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    Why do you think this? Buying a company is more risky than real estate, but less risky than starting one, and with much higher growth potential than real estate.
  9. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    Great point, very relevant for re-investing (especially applicable to me), but doesn't directly address buying another business. Anything to add on that point @GlobalWealth ?
  10. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    How do you decide which to do, when? Is it simply based on which offers the better ROI? What are the pros/cons to each?
  11. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    I haven't gotten any responses, but I did find some other relevant threads - https://www.thefastlaneforum.com/community/threads/fastlane-path-real-estate-vs-starting-a-company.47048/#post-288916...
  12. CPisHere

    Books on 'Offline' Businesses

    BOOKS 
    It's rare to find a GENERAL business book based around offline businesses, since it's not as sexy these days. But within specific business models, there are a lot of books. Also, any older classic business book will obviously be 'offline', and most new books even though the examples and...
  13. CPisHere

    Adult Coloring Books... Trending.

    HOT! 
    I love 'em. Great stress reliever. How did it become such a popular trend? Not sure exactly, but probably started with a single article promoting how good coloring is for stress relief and snow-balled because of it's uniquely simple approach to a difficult problem.
  14. CPisHere

    Current Biz Owner: Buying Another Biz vs Real Estate

    EXECUTION 
    What are your thoughts on a current business owner buying another business compared to investing in rental real estate? Once you have a business producing a good cash-flow and you are looking to invest that money into growing your assets - what's the best option? Every deal is unique, but...
  15. CPisHere

    Margaritaville (I've Bought A Golf-Course!)

    GOLD! MINDSET 
    What a fantastic thread! SteveO, how did you get the capital to get started with apartments? And what made you venture outside your comfort zone to a, seemingly more risky, golf course?
  16. CPisHere

    How To Fake A Best Seller

    PUBLISHING 
    Good point. I don't pay attention to the COUNT of the 1 and 2 stars - but read these reviews for quality points about why they gave the rating.
  17. CPisHere

    How To Fake A Best Seller

    PUBLISHING 
    I ONLY read 1 and 2 star reviews now due to the number of useless 5 star reviews. I've found it incredibly helpful to weeding out what would be a poor purchase - ESPECIALLY for business books, which always have lots of glowing 5 star reviews, even when the content is boring and not helpful (like...
  18. CPisHere

    How to build up product distribution networks?

    I work in Distribution. Most medium-sized distributors are focused on selling to specific types of businesses (by industry or market) as customers, though some are focused on specific types of products. They take on new vendors in different ways. If they notice the product selling in the...
  19. CPisHere

    Instagram Marketing ($100K+ profit, 4M followers)

    MARKETING SOCIAL MEDIA AMA 
    Where do you get your new content to post?
  20. CPisHere

    Making Money For Dummies (And In a Crowded Market)

    GOLD! HOT! 
    Great thread. How did you come to take over this company? Did you evaluate competition before-hand, if so, how? Have you considered offering similar services as cross-sells? I see some local companies also offer A/C duct cleaning, etc. Is Scotchgard the only up-sell you offer?

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