Say you had a business for several years, made some money before it dried out. How can you utilize the money to gain competitive edge in your new venture?
A start-up doesn't require more than 1-2k to order an initial stock so if you decide to go that root again you will be competing against a huge crowd just like in the very beginning. But how can you utilise money to gain an advantage over the rest?
A couple of examples I noticed myself
Real estate -
Money doesn't give you advantage if you are going to compete with 'investors' ready to get into 30 years debt on a property (it doesn't make sense to pay cash for a house price which has been pushed up by people who pay with credit), but it gives you an advantage if you play their game and put deposits on several properties at once.
Buy/sell businesses -
At last year's Australian Young Entrepreneurs convention Jack Delosa (the owner of the convention and before 25 millionaire) had given a speech on the life of the business, how it develops, what stages it goes through and when is the time to sell it. However, what interested me most was the idea of flipping businesses by buying them from people who are not interested in running them anymore, eg. retired owners, turning them around than selling. The investor's job is to do the due diligence on the business and wire money. The middle man's job is to find a businesses like that. The contract states that the investor gets paid first. He talked about 1 million deals, but also mentioned that there are plenty of small businesses selling under 100k. Is anyone familiar with the process described here as I would like to know more about it?
What other ventures have a higher barrier of entry in terms of money like those mentioned above?
A start-up doesn't require more than 1-2k to order an initial stock so if you decide to go that root again you will be competing against a huge crowd just like in the very beginning. But how can you utilise money to gain an advantage over the rest?
A couple of examples I noticed myself
Real estate -
Money doesn't give you advantage if you are going to compete with 'investors' ready to get into 30 years debt on a property (it doesn't make sense to pay cash for a house price which has been pushed up by people who pay with credit), but it gives you an advantage if you play their game and put deposits on several properties at once.
Buy/sell businesses -
At last year's Australian Young Entrepreneurs convention Jack Delosa (the owner of the convention and before 25 millionaire) had given a speech on the life of the business, how it develops, what stages it goes through and when is the time to sell it. However, what interested me most was the idea of flipping businesses by buying them from people who are not interested in running them anymore, eg. retired owners, turning them around than selling. The investor's job is to do the due diligence on the business and wire money. The middle man's job is to find a businesses like that. The contract states that the investor gets paid first. He talked about 1 million deals, but also mentioned that there are plenty of small businesses selling under 100k. Is anyone familiar with the process described here as I would like to know more about it?
What other ventures have a higher barrier of entry in terms of money like those mentioned above?
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