I would like to start a thread, or resource, for myself and others to talk about low barrier investments. Maybe all of them are low barrier and if you're an expert in that field, please give your 2 cents on the type of investment and the requirements it takes; including knowledge, time, and even the monetary costs. And even if it's not a low barrier investment, share your knowledge on how you made it low barrier for yourself!
I will start with my own low-barrier investment:
B&M Business (Brick & Mortar Business):
My cost:
The short story:
I asked a ton of people with money if they would be willing to invest in a martial arts school. After proving I could teach better than most for a few years I finally got an opportunity. The investor has taken care of the financial aspect (investment money and accounting) and I have done the rest. I developed a buy out plan that made him happy starting with a 95/5 ownership plan, I currently own quite a bit more than that and it is on it's way to being 100% mine.
I will start with my own low-barrier investment:
B&M Business (Brick & Mortar Business):
My cost:
- $100-200 informational books and audio programs on start up businesses & sales
- Time/Frustration to find an investor.
- Time/Frustration to create a presentation that convinced said investor to loan the money.
- NO money
- Youth (19 yrs old started asking for investment money).
- Inexperience
- Poor financial skills
- Knowledge of the martial arts
- Basic understanding of business
- Basic understanding of how to present an idea for investment money
The short story:
I asked a ton of people with money if they would be willing to invest in a martial arts school. After proving I could teach better than most for a few years I finally got an opportunity. The investor has taken care of the financial aspect (investment money and accounting) and I have done the rest. I developed a buy out plan that made him happy starting with a 95/5 ownership plan, I currently own quite a bit more than that and it is on it's way to being 100% mine.
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