Are You Making a HUGE MISTAKE?

More and more over the past few years, I bump into people who have businesses that really don’t make the kind of money that will allow them to start making power moves. When you have a background or are starting from scratch, it can seem challenging.  I am not only a successful real estate investor, I am also a successful businessman who faced my own challenges but was able to build corporations that bring in checks that the average person cannot even believe are possible.

So, if you really want to get to the money you must not waste time on business ventures that don’t have the type of returns you need to enable you to make the moves you really want to make. Here are just a few of the things you need to consider before starting your business:

• What is the average gross annual revenue of businesses like yours and is it enough that you will be able to hire the qualified employees you need while still paying them and yourself to run it?
  
• Is the “deal” (in real estate, especially) one that makes the numbers work in a worst-case scenario and will it contribute in a positive way to your overall financial goals?
  
• Is your business contracted with a guaranteed return or will you have to market to get people through the door and how long will that continue and how much should you expect to spend?
  
• Will your business work if you are the visible CEO of the company or do you need to be a “Secret CEO” to protect your background, your family, and/or your assets?

Do you already have the answers to these questions? If not, then you need to take some time to answer these questions honestly. Those answers could show you that you are heading in the right direction or they could indicate you need to adjust how you are running things in a big way.

Here are a few more things to think about that will get you analyzing the business the way you should.

Evaluate the following:

–   Revenue to start 

–   Requirements 

–   Is the Return on your investment guaranteed? 

–   Is this business a recession-proof field

– Is this a highly competitive business that takes a large marketing budget to survive?

Competition is great because it will push you to keep evolving and improving. But if you don’t adapt and act, you could be left out sooner than you can imagine.

So ask yourself, what sets you apart?

Do you want to own a successful business that brings in great revenue, or do you want to run a business that brings in great revenue?  Know the difference.

And if I can ever help you in any way, please email me and my team here [EMAIL]. We are here to help!

Respectfully,

Benjamin “BUY the block BEN” Hollins.