Wealth Series - Episode 13 - Business Investing & Ownership
In today’s lesson, we dive into the business bucket, which says that a substantial amount of wealth in the world is created by investing in, owning, or starting a business.
Investing in a business can provide some of the largest returns, and there are plenty of situations where you buy or start a company that’s generating $10,000 or $15,000 a year, and a couple of years later, it earns $500,000 to $750,000, significantly increasing its valuation.
In this episode, we share ten essentials every business needs to be successful, discuss considerations of starting or investing in a business, working with a partner, and provide valuation models to assess how much a business is worth. Use this conversation as a launching point to start thinking about how a business can help you leverage your wealth plan by building extra income streams, changing your tax strategy, and building an asset that can grow your wealth.
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