http://money.cnn.com/2007/03/19/magazines/business2/Liverich_intro.biz2/index.htm

3/31/2007 6:44:44 PM

i like the idea, but the ideas are fundamentally weak:

Going global: Buy real estate in exotic locales. - good idea
Power play: Snap up rights to wind and solar sites. - pure speculation
Collecting profits: Invest in unknown artists. - again, pure speculation
Getting on the farm: Cash in on these crops. - didn't read the article
Franchise this: Be your own boss. - what % of startups fail each year?? (~80%?)

sounds like these will offer you higher rewards, but with higher risk...suitable for some, not other...might as well take it one step further and move pure Columbian Cocayaine

3/31/2007 7:14:11 PM

i like that last idea

3/31/2007 11:20:29 PM

Quote :

"Franchise this: Be your own boss. - what % of startups fail each year?? (~80%?)"

that maybe the failure rate for startups, but what they are saying is to take an already successful company, and open a franchise of it.

and not just any company, but in these days, the highly successful ones seem to have a specialized niche market in mind. like the examples they gave:

organic/healthy fast food
renting out luxury items

there is no way in hell those would flop, as long as they are opened in a decent location.

with people becoming more a more affluent, chances are basically 100% that any business that markets/sells/produces exclusive or luxury products, will succeed.

3/31/2007 11:49:44 PM

unless they are already overly saturated...like subway

4/1/2007 11:31:38 AM

I think Western Blvd needs a Hooters, preferably at mission valley. That shit would stay busy.

4/1/2007 4:57:02 PM

Quote :

"there is no way in hell those would flop, as long as they are opened in a decent location. with people becoming more a more affluent, chances are basically 100% that any business that markets/sells/produces exclusive or luxury products, will succeed. "

That is terrible thinking/logic. Markets constantly fluctuate and shift. What's popular today may be collecting dust five years from now. I do agree with your previous point about finding a niche market if you want to make a killing.

And the article does a good job of presenting alternatives. The question is, how many of us have (or are willing to give) the time to thoroughly research each of the options, and possibly more, to find one that works best and that you "may" have a chance to be successful in? Again, not saying not possible, but is it worth it?

4/1/2007 5:12:57 PM