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The EXIT plan, maybe should be...
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Thanks Gregg, One exit plan, for those who pursue cash NOW methods, is to build a business to operate, or one in which you can be an absentee owner, or one to sell. Solutions for LACK of money, if not leveraged, may create other problems. An example I've shared. Guy starts chatteling, finds profits in used restaurant equipment, starts flipping seriously, makes some bux...wife wants to spend for Holidays... He did have to compromise, but now, a couple of years later, has a full time business, employs his nephew as a helper, and is making a really good living. But, he doesn't want to be moving big pizza ovens for ever, so he is looking at his exit strategy...one way may be to let the nephew take over, with a helper, and be an absentee owner. The VALUE he has in the business is really in his NETWORK, which took him a couple of years to build up, and I advise him to hold that asset, while finding a way to make it work for him. Maybe as a middleman. Or as a consultant, or maybe he starts a business, seems to be a pizza shop would be good, since he has all kinds of equipment available. He could surely be an absentee owner. He could start to teach others about his chatteling experience, ala the fleamarketflipper dot com family, who now operate their own university. Because he is already moving stuff, I suggested your idea of assembly, they could pick it up at a store, assemble in truck and deliver. They do that now with big stuff, so smaller home items, UPSCALE areas, would work great. I'm glad you mentioned the EXIT plan, because just making money like that, could get to be a grind too, and the idea of savings goes a long way, but I might suggest saving the TITHE or 10% to reinvest in a business. No rights or wrongs, but no reasons either to be stuck in the quagmire of lack of money. Right? So, EXIT on the next floor up...and let your moolah make your moolah. GordonJ |
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