New business

Critical to any new business idea needs to be the concept that it wont require me to be present on a day to day basis or even at all. Strategic direction is fine but key man dependency is undesirable.

I want a business to function, I may have a role in the org but it needs to be replaceable by another employee with suitable skills. Also I cannot be the CEO/MD since then I’m unable to get out.

Perhaps while the business is small and starting say in property I could manage them until they reach scale. The plan though needs to be to reach scale as quickly as possible. It also requires to put in my capital into a business that exhibits good steady margins and cash flow. Hence acquiring an existing business is preferable. Or just stick with property rentals…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s