Some which would work incredibly well in my opinion would be medium-sized Plumbing or electric or HVAC companies. You can go to Sunbelt business brokers or other websites and see all kinds of things for sale.
So you have to make a conscious decision which type of business you would buy. Or to put it another way, if a new owner is going to make the business that much better than it must be running somewhat badly right now. It would be great if the value would go up as a result of you being the new owner but I don't think that is a necessity at all. Some businesses are already running like a top without the owner doing much. What I’m really asking is - outside of real estate, what else is fairly simple market to enter into for somewhat passive cash flow generation? Right now my day job is very demanding, I have little work life balance and switching to another tech company or whatever doesn’t seem appealing to me. Thanks for pointing out the obvious - if I wanted to do nothing at all, I’d simply leave passive investments the appeal to owning a business is I actually do like to do stuff!
#Hands off business ideas free
I’m well aware that it takes effort and shit happens, people can quit, quality people are important, there is no free ride. Ok - looking at the responses I don’t think I put a proper disclaimer here. Real estate immediately comes to mind - but I’m wondering what else there is. I’m aware about the need to due diligence with lawyers, CPAs etc but what are some businesses that can cash flow well but can be relatively low maintenance?
#Hands off business ideas full
I know nothing is prefect - I know eventually a problem will arise.īut my desire with FIRE is to just have more day to day freedom, if I can get things to where I’m just working 10-15hrs a week and maintain my current lifestyle I think that sounds more interesting than full blown retirement.
Now, I don’t want to spend 10-15yrs building up a business like his but I could see myself buying an existing bussiness instead and wanted to know what you all think are low stress, low maintenance businesses one can buy? His day to day is basically retirement - he surfs during in the morning, he goes to BJJ 5x a week, spends 2hrs in the office socializing with staff and on occasion meets with customers to maintain relationships. Yes - shit happens, there are emergencies and problems and it took him 15yrs but again - the guy is totally free outside of these monthly or bi-monthly fires. It took him 15yrs but he’s now working part time. He setup a small IT services company, hired staff and they have a small but slowly growing customer base. While I have a higher net worth he has pretty much unlimited freedom. He started his own business, I went to work for larger tech companies (currently at a FAANG). I’ve been thinking about an alternative approach to FIRE - my friend and I over the last 20yrs have taken different roads.
0 kommentar(er)
