Dear All,
I understand many of the experienced investors already went through this path.
This path i meant to find ways to increase their cash flow situation so they can further use this money to buy, develop, etc in property.
Iam at an age where my full time job is secured, have a family and children and need to look at my road ahead.
This is why iam seeking your valuable advice since you have done this before.
Both my wife and i both work but her income isnt as good.
One option is to invest herself into a business and i continue my full time job.
Her interest is also going into business so is not a so call " buying a job" scenario.
I would like to know you view when buying a business what to look for?
Below are a few things we look at specifically and will speak to an accountant but wanted to know you view.
The business must be:
1. Franchise (proven working system)
2. Sales record
3. major expenses records
4. rent
5. profit
another question is from your experience is worth well getting yourself into business to increase cash flow or are there other options?
thank you guys/gals
BG
I understand many of the experienced investors already went through this path.
This path i meant to find ways to increase their cash flow situation so they can further use this money to buy, develop, etc in property.
Iam at an age where my full time job is secured, have a family and children and need to look at my road ahead.
This is why iam seeking your valuable advice since you have done this before.
Both my wife and i both work but her income isnt as good.
One option is to invest herself into a business and i continue my full time job.
Her interest is also going into business so is not a so call " buying a job" scenario.
I would like to know you view when buying a business what to look for?
Below are a few things we look at specifically and will speak to an accountant but wanted to know you view.
The business must be:
1. Franchise (proven working system)
2. Sales record
3. major expenses records
4. rent
5. profit
another question is from your experience is worth well getting yourself into business to increase cash flow or are there other options?
thank you guys/gals
BG