3 Reasons Why Every Business Owner Must Learn to Be an Investor Too

I got a posted comment on a blog about why I felt business owners needed to bother learning to invest.  I thought I’d share my response with you all…

I believe strongly that every business owner needs to ultimately cultivate the skill of how to be a savvy investor.

Three reasons:
1) If you ever sell your business, knowing how to invest your windfall is essential (I’ve sold companies and had some real challenges switching gears… I was really only good at investing for equity growth and NOT passive residual income.  Sure I could invest for active income… but that wasn’t what I had worked so hard for.  Hence why I also focus on business owners as investors.)

2)  Every business owner needs to learn to build wealth independent of their main business–not just because of point one above, but what if there comes a day that a business fails, I want you to have real independence financially because you’ve invested intelligently and built wealth independent of your business along the way. (That said your #1 investment will be your own business, just make sure it’s not your ONE and ONLY investment!)

3)  If you want to go big with your business and need investor capital, you being a smart investor will help you understand better how to work with investors to attract capital and interact with your investors.

Hope the above insights are useful for you.

Resource to help you:
Join me and 3 of the Maui Advisers in Orange County, CA (at the Hyatt Regency) next week on Friday June 26 through Sunday June 28th for our “Level Three Wealth Workshop“.

The focus of the weekend:
Here are some of the agenda items that you’ll learn when you attend:
•    How to grow your business in today’s world and take it to the next level.
•    Wealth skills you must master to invest smarter and safer.
•    How to build a business, not a job.
•    A simple 3-step progression to transition from a job or active business to passive income.
•    5 wealth strategies to build your wealth systems so that you have both the money and the lifestyle.
•    What are best investment opportunities in today’s economy.

Not bad for $69 (and a suggested donation that you make directly to the 501c3 charity of YOUR choice — last time we held this event attendees individually donated $102,000 to their favorite charities!)

Here’s link to find out more and register.