Forums: Discussions for entrepreneurs and small business.

You might try to look into funding entrepreneurs in a venture for a take in the company and profits and maybe help in consulting the business. Make sure that all funding is done legally and properly with a contract between the two of you and what exactly is being proposed and how much of a shareholder you are. Most entrepreneurs do not want daily interference into the business so they will perform the work while you monitor and consult if you can. Develop a buyout clause so the entrepreneur is not tied to you forever. It makes us grumpy. If you find a venture that takes hold and grows you may want to provide a second round of funding for a greater share in the company and its profits. If you're careful in choosing a project well you will be able to fund several at one time placing yourself as a shareholder and collecting your profits. Again I stress that if you have no real business experience move slowly in small steps and get the business knowledge you need. Just because an auto mechanic knows how to work on cars doesn't mean he can run a business that works on cars. They are two different animals.

I am new to the community.  Would like to hear more about your abandoned point-of-sale ad video monitor venture?  Can you explain a bit further excepting the bit about why it did not work, i.e. poor sales and being confined to only small retailers?  Was there ANYTHING proprietary about the concept, e.g. IP etc?

Your best bet would be to invest in an already established business that is professionally managed by a credible and competent team. Before you invest in this, ensure that you have done due diligence on the financials of the business and the management team. You can engage an expert to assist. We can help you.

Alternatively, you can start an online marketing business and employ a competent individual to run it. You may still need to be supervising the person but this takes a very big load off your back.

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Probably your most viable option would be to buy into an already running business as an equity owner. It would help if you could afford to be a majority partner.

The advantage here is that you could still enjoy the services of the management team without being actively involved. Perhaps you could take on a role as a technical partner; being only responsible for the technical aspects.

As a major shareholder, you would have influence in management direction and also a key decision maker in all crucial matters.

With time, you could opt to buy your partners out or sell and branch out. Either way, you would not only have made some money but will also have gained valuable experience that will be critical to your success in future.

Thanks for suggestions. but I've already searched franchise models. I got to be kidding yourself if you think I could buy a franchise, don't be there and expect business to work.

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