Rating: +3
If you have never run a business or owned a business, I would advise to take a look at some kind of franchise company – not because I own one – but because as a new or novice business owner, you “don’t know what you don’t know” about running a business.
That said, you have two options. You can start from scratch, and make all the mistakes and develop all the knowledge and systems yourself, or you can buy into a system that is already in operation and that has been proven as a viable business over time.
If you are experienced in running companies, now is a great time to become a version of your own “venture capitalist,” or “value investor,” and find companies you can buy at wholesale or less than wholesale, turn around and sell at some point in the future for a profit.
If you are an investor, asset prices are at levels we haven’t seen in years – and that includes share prices and real estate – both residential and commercial.
I like to say there is more money made in a downturn than is ever made in a boom. There is opportunity out there – you just have to be open to finding it.
