Bit of an eye opener. I’m looking at another business now , it’s not what something I’ve done before. Having said that it’s a business that has direct relations to interest/ hobbies I poor myself into. Does this kind of knowledge help?
Great content, lots of food for thought. Which websites do you recommend for looking for small businesses for sale in Aus? Subscribed and looking forward to more vids.
This is great...however I need to listen to it a couple of times to fully understand it and how to incorporate the themes into my plan. January this year I saw the economy going to crap, I’ve gone back to Gov in a permanent position (for 5 years is my plan) so I can leverage that opportunity to leap frog 🐸 into investments...I’m a construction project manager. I’ve picked up a couple of concepts here that I need to raise with my accountant. Thanks 😊
As construction manager, stay with what you know. I bought cheap homes in Ararat, build 2 units to the back of 1/4 block. I used my team from Melbourne & frame s from Bowen. Of the truck. Go to a property seminar and sell. I went to Steve McKnight. But heaps around. Take sec 32- then go again. Good luck . Easy As that.
Broad question - do you have a rough incremental plan you’d recommend for someone just starting their FI journey? e.g. buy first property and renovate, sell, buy unit, rent out, develop land, buy first business etc etc? Terrible example but you know what I mean. As it stands 90% of my capital is invested in the ASX, I’m not willing to leverage into the ASX so it’s it’s time for a change... NSW regional town for context. Thanks!
Rough plan is growth assets first, provided you have an income you'll be asset poor. The focus is to grow asset base and reinvest the equity. My focus was on buying a run down property cheap and then work hard to renovate it. I sold it to fund my next deal, if you're more of a passive investor, you'd revalue and refinance. Good idea for a more detailed video 👍
@@KentCliffe Thanks for the reply. Mate, wtf are all these Nicholas Fx trade spammers in this thread!? But yeah agreed I think a lot of people would get a lot out of that kind of video. I’d love to develop a block but I don’t have the capital. Are they’re any other types other growth assets I should be looking at or are cheap houses/reno’s where it’s at for a beginner? Thanks again.
How involved are you in the small businesses you purchased or are you buying businesses that manage themselves? Great channel btw, I've just binged a whole bunch of your videos. Your 4 part series on property negotiation is gold.
I'm very lucky my wife looks after our PM business, but as much as I'd love to say it, she doesn't do it for love. 😂 I pay market wages and she has support by a great team so that it's not entirely on her shoulders. I always try to keep my commitment in ops to a minimum, nothing wrong with getting involved in strategy and growth, just always consider the time value of your efforts. Appreciate the support 👍🙏
Thanks for the informative video. Interested to listen to more videos about buying small business and how to leap frog your ability to service more debt using a business.
Hey mate, love your videos. I actually am doing a marathon of all of them. Really love them. I am a small business owner and commercial property owner and would love to catch up for a coffee. I am in Perth. Happy to pay for your time. I somehow need to connect with like minded people so I can learn from them.
Hey Kent, have you used vendor finance for your business acquisitions? I’ve got an established business in civil construction and would like to hear your thoughts on whether it’d be a good strategy for growth. The business would be a bolt on for my company.
Great video Kent. One question: Are these small businesses managed or do you need to manage them yourself? I feel like buying a small business you would need to invest a lot of time to run and grow the business, manage staff, accounts etc. Doesn't' seem too passive to me, is there a way around this?
There is management, but what I didn't cover in more detail is by 'buying more revenue' there is no further input by me. I touched on it with infinite scale of the revenue.
Great content mate, I’m considering buying a small business to diversify my income. Will definitely watch some more of your content. Do you have a checklist over value multiplier and profit margin when considering a business
Hi Kent you are producing a great content brother also great education please create more videos on buisness .I would love to catchup for a bear Kent that will be my shout all day long thanks brother!
Great video, Bitcoin has shown to be the best cryptocurrency and has it has taken the bull by it’s horn, With it current condition Bitcoin will likely reach 15000 in few months no doubt. 2019 I lost my Bitcoin, due to the fall and I had to sell the rest because I lost faith in Bitcoin investment. not until I saw a TH-cam video, which accolades is being giving to Mr Nicholas Myron for helping traders increase their portfolio, I reached him and he introduced me to a secured designed layout which with the live trade he provided me with 98% platform and with his strategy I was able to increase my Wallet from 0.85BTC to 2BTC in just 14 Trading days, if you know you a newbie or you will like to increase your portfolio reach him on Instagram (@nicholas__fxtrade)....
A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrade) he will guide you properly.....
Wish I could watch this earlier, could you elaborate the structure between business and trust and loan a bit? Your information is the gold, not like others who only shared the results but not the details in order to sell their services
A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrade) he will guide you properly.....
A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrade) he will guide you properly.....
Awesome mate, definitely got my sub. Please keep these coming, been searching for info like this for a long time. Please keep it up, it’s the mentorship so many of us have been craving 🙌🏽
No videos for a while. You okay bro?
Kent, mate, you're an absolute legend. Thanks for this content.
Bit of an eye opener. I’m looking at another business now , it’s not what something I’ve done before. Having said that it’s a business that has direct relations to interest/ hobbies I poor myself into. Does this kind of knowledge help?
Great work Kent! Keep hustling mate, you'll be where you want to be.
I'm here, but doubt I'll ever 'retire'
Great content, lots of food for thought. Which websites do you recommend for looking for small businesses for sale in Aus?
Subscribed and looking forward to more vids.
This is great...however I need to listen to it a couple of times to fully understand it and how to incorporate the themes into my plan. January this year I saw the economy going to crap, I’ve gone back to Gov in a permanent position (for 5 years is my plan) so I can leverage that opportunity to leap frog 🐸 into investments...I’m a construction project manager. I’ve picked up a couple of concepts here that I need to raise with my accountant. Thanks 😊
@Kent Cliffe this is a spam message
As construction manager, stay with what you know. I bought cheap homes in Ararat, build 2 units to the back of 1/4 block. I used my team from Melbourne & frame s from Bowen. Of the truck. Go to a property seminar and sell. I went to Steve McKnight. But heaps around. Take sec 32- then go again. Good luck . Easy As that.
This is brilliant! Helped my frame my approach to building my portfolio. Cashflow first, then buy growth, rinse and repeat!
Hey, great content
Quick question, may be obvious, but why would a business that is that profitable be up for sale?
The two business I purchased, changing location of the owner and changing industry of the owner. There are a range of reasons...
Can you do a video on how to vet small business to buy to make sure you’re getting what you pay for?
Awesome videos mate, keep bringing them please. Excellent information for newbies like myself. Clears up so many things about investing. Cheers.
Awesome to hear!
Broad question - do you have a rough incremental plan you’d recommend for someone just starting their FI journey? e.g. buy first property and renovate, sell, buy unit, rent out, develop land, buy first business etc etc? Terrible example but you know what I mean.
As it stands 90% of my capital is invested in the ASX, I’m not willing to leverage into the ASX so it’s it’s time for a change...
NSW regional town for context.
Thanks!
Rough plan is growth assets first, provided you have an income you'll be asset poor. The focus is to grow asset base and reinvest the equity. My focus was on buying a run down property cheap and then work hard to renovate it. I sold it to fund my next deal, if you're more of a passive investor, you'd revalue and refinance. Good idea for a more detailed video 👍
@@KentCliffe Thanks for the reply. Mate, wtf are all these Nicholas Fx trade spammers in this thread!?
But yeah agreed I think a lot of people would get a lot out of that kind of video.
I’d love to develop a block but I don’t have the capital. Are they’re any other types other growth assets I should be looking at or are cheap houses/reno’s where it’s at for a beginner?
Thanks again.
Really interesting video great to see one specific for Australia!
Great work
Liking the business info
How involved are you in the small businesses you purchased or are you buying businesses that manage themselves?
Great channel btw, I've just binged a whole bunch of your videos. Your 4 part series on property negotiation is gold.
I'm very lucky my wife looks after our PM business, but as much as I'd love to say it, she doesn't do it for love. 😂 I pay market wages and she has support by a great team so that it's not entirely on her shoulders.
I always try to keep my commitment in ops to a minimum, nothing wrong with getting involved in strategy and growth, just always consider the time value of your efforts.
Appreciate the support 👍🙏
There is no such thing as a passive business.
@@markcrisp07 please explain mate…
I clearly mustn’t know what I’m doin then
@@Desideratus21 what’s your business if it is truly passive?
Thanks for the informative video. Interested to listen to more videos about buying small business and how to leap frog your ability to service more debt using a business.
Watch this space...
Hey mate, love your videos. I actually am doing a marathon of all of them.
Really love them. I am a small business owner and commercial property owner and would love to catch up for a coffee. I am in Perth. Happy to pay for your time. I somehow need to connect with like minded people so I can learn from them.
Hey Kent, have you used vendor finance for your business acquisitions?
I’ve got an established business in civil construction and would like to hear your thoughts on whether it’d be a good strategy for growth. The business would be a bolt on for my company.
Great video Kent. One question:
Are these small businesses managed or do you need to manage them yourself? I feel like buying a small business you would need to invest a lot of time to run and grow the business, manage staff, accounts etc.
Doesn't' seem too passive to me, is there a way around this?
There is management, but what I didn't cover in more detail is by 'buying more revenue' there is no further input by me. I touched on it with infinite scale of the revenue.
There is a team of 9 with a GM. The way around is you need to get to a scale to justify a manager role.
Great content mate, I’m considering buying a small business to diversify my income. Will definitely watch some more of your content. Do you have a checklist over value multiplier and profit margin when considering a business
Can you explain more about the business you bought? I didn't catch it. What was it?
Wow your information is gold! Please keep the videos coming. Would love a back to basics video on buying a small businesses
Hi Kent you are producing a great content brother also great education please create more videos on buisness .I would love to catchup for a bear Kent that will be my shout all day long thanks brother!
wow, there is a lot of motivation to move on! we should start to make our life successful right now
Do it 🚀
Mate this info is Gold.... Keep up the great work! Your an inspiration
Cheers 🍻
Great video, Bitcoin has shown to be the best cryptocurrency and has it has taken the bull by it’s horn, With it current condition Bitcoin will likely reach 15000 in few months no doubt. 2019 I lost my Bitcoin, due to the fall and I had to sell the rest because I lost faith in Bitcoin investment. not until I saw a TH-cam video, which accolades is being giving to Mr Nicholas Myron for helping traders increase their portfolio, I reached him and he introduced me to a secured designed layout which with the live trade he provided me with 98% platform and with his strategy I was able to increase my Wallet from 0.85BTC to 2BTC in just 14 Trading days, if you know you a newbie or you will like to increase your portfolio reach him on Instagram (@nicholas__fxtrade)....
A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrade) he will guide you properly.....
Sounds like you like the PM business for the recurring rent roll? Which other recurring revenue businesses do you like?
Wish I could watch this earlier, could you elaborate the structure between business and trust and loan a bit? Your information is the gold, not like others who only shared the results but not the details in order to sell their services
Good timing. Thank you
Cheers 👍
A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrade) he will guide you properly.....
Hi Kent, do you provide one on one investment consulting?
Hi Tony, not really. Flick me an email kent.cliffe [at] gmail.com and I'll see if I can point you in the right direction.
A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrade) he will guide you properly.....
@@leonpedro1135 your marketing tactic sounds very dubious and scammy!
@@KentCliffe I'll shoot you an email. Thanks Kent 👍
Smart dude. Glad I found someone in Oz doing this.
Thanks mate, new videos coming soon...
Perfect, I got the bell notification on and ready!
What business did you buy?
Not what I was hoping. Something different, video soon.
You do a very good job in all clips
Awesome mate, definitely got my sub. Please keep these coming, been searching for info like this for a long time.
Please keep it up, it’s the mentorship so many of us have been craving 🙌🏽
my name azis nurofik from indonesia
Didn't understand anything..