460: Side Hustle Showdown: Buying a Business vs. Investing in Real Estate
The Side Hustle Show
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Don't Buy a Bigger First Deal Than You Can Chew
Don't buy off a bigger first deal than you can chew. Be careful about buying a job, not a business. You want something where you have enough cushion to afford an operator and maybe some redundancies. The mistakes i've made are plentiful, thankfully, in small and medium businesses we've bought. We've never had a business go under or lose money. But here's what we have had. I've had two businesses that were just too small. They're annoying. And so we divested out of those businesses. It is not like you go on m l s and you can click and you're like,. asom realit or connect, everything goes by. No, better
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