As you know, if you have read Rich Dad, Poor Dad, you want to own businesses that run without you. I have been investigating businesses that are understandable, and do not require all your time after you have gotten them started.
A coin op laundry is a good idea. If located in a good location, the real estate under your coin op laundry could make you a fair amount of money. A coin op laundry, if successful, could supplement your income without requiring your presence 8 to 12 hours a day. Take a look at www.ebay.com and look at the business plan listings for sale.
Storage businesses are another idea I have been considering. Again, the land under the storage facility could become valuable over time.
It is essential to do your due diligence!
Wednesday, February 6, 2008
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