2 Jobs or 1 Job and Side-Gig
Are you building business equity? How about a foundation of a business that could leverage into an E-Software Distributorship? You might be working on someone’s dream now but have the foresight or dream to move into a better place.
Lets go through an example of how you could get business equity working for you. If you had 10k from personal income (a job) in one year and 5k in expenses you would have 5k to invest for retirement. HOWEVER, if you had 10k from business income (side gig) in one year and 5k in expenses you would have 5k to invest for retirement plus $15,000 in business equity (from the side-gig). We are not talking a mlm, agent or independent contractor job, the side-gig must be a legitimate business. There are many to choose from but we offer the most cutting edge technology, online business model for a true side-gig that ends up to be an absentee run Executive Consultancy that would purchase an E-Software Distributorship.
What would you do with $15,000 in equity? What about leveraging an E-Software Distributorship if you had the connections? And then leverage, leverage and leverage. Yes, it is possible to leverage into a million dollar business with $30,000 the next three to five years. If you have the sweat equity documented, great team and are moving forward. See the numbers here.
Some other areas to consider when selecting a side-gig that could leverage into another business. Is it low cost, could you work from home (online), high potential, Great People and Great Track Record? Or do you have to pay rent, go to a place and have equipment/product start-up costs? When you are considering start here.
If you feel that an E-Software Distributorship with Growth Concepts aligns with your skills and goals contact us with a resume.
A Small Business Owner gives, gives, and gives. So, how does the Owner get the most sweat equity from her or his business? So, they could show a loan officer or potential buyer their value? Owners are often putting in 60-70+ hours a week. Doing things that others cannot do. Or showing up for a front-line worker in an impossible moment. Do they ever get compensated for all this extra time?
Does your business have a third-party document your sweat equity?
There are ways to minimize the loss of sweat equity by working beforehand with a Business Value Specialist that writes down for you, and for a loan officer how you minimize risk with verified intangible assets in a business value plan. While meeting with the Specialist the Owner conveys activities and process while the Specialist also writes what fits with the principles and laws of business value from the book,”14 Immutable Laws of Business Value.” In turn, these sweat equity activities are written in a Business Value Plan and later shown and reviewed by a loan officer or private buyer. There is no other document that conveys the sweat equity of an Owner like this custom document and third party verification process.
This third-party documentation of business value activities and on-site inspection verifies the Small Business Owner’s sweat equity for a future review or evaluation. Without it, there is no way a Small Business Owner could get compensated for all the little extras she or he puts into the growing concern. Ask for a complimentary review of your specific situation by a Business Value Specialist. And start documenting what really matters with a third party.