All data is delayed
Loading...
See More

Keeping it simple

Jan 17 2013 10:42
property, house, investment, money


Related Articles

Coping with calamity

Building a business from scratch

Surviving the first 3 to 5 years

5 top tips for entrepreneurs

13 reasons why firms fail

Breaking the coffee barrier

 
A Fin24 user wants to start a simple business, but still keep his job. He writes:

I want to start my own business while I am still keeping my job, a simple business that won't need me to be hands on.

So the only thing that is on top of my mind is a business related to property. But I don't know where to start.

Please help!

Business development consultant Anton Ressel responds:

Without knowing what sort of startup capital you have to invest it is difficult to advise you of the wisdom of getting into property, or any other new business venture for that matter.

What I can say is that you will struggle to raise outside finance for a business that you are not going to be involved with in a hands-on capacity - banks and investors do not like speculative or risky ventures as a rule, even less so if they are not being managed by the owner/fundee.

If your intention is to generate a passive income, you might be just as well served by looking at some form of high-yield unit trusts or similar investment vehicle.

Alternatively, you may consider investing in an existing business that is ticking over but requires a cash injection - this way you can act as a board member but do not need to be operationally involved.

*Share your experience of setting up your own business, or simply ask a question. Our business panel can put you on the right path.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

entrepreneurs
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Exciting new luxury SUV arrives in SA!
WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...