
What is the criteria of an “Ideal Business”?
What is the criteria of an “Ideal Business”? What is the criteria of an “Ideal Business”? Most of my readers know that I prefer real estate investing over owning any business. But I am involved in many businesses such as my real estate syndications, the education company, the tax reduction company, the real estate management company and soon we will be launching a full fledged crowd funding website and portal. In all of my business listed above there is a direct connection to REAL ESTATE. As I analyzed each business I took time to compile a list of criteria for an “Ideal Business”. Please read it and add to it as you see fit in the comments below. Here is my list so far:1) Unlimited Global Market2) Product needed by people (a basic human need)3) Low to no market price resistance4) Profitable through residual income5) Unique values not available anywhere else6) Minimum labor7) Low overhead8) Low inventory requirements9) Low capital cost requirements10) Low to no credit required11) No equipment12) Income in cash (no account receivables)13) Fewer to no government regulations or intervention14) No complicated permits or licenses to own or operate15) Portable – movable or can be handled from anywhere16) Interesting, fun, intellectually stimulating17) Truly helps others18) Compounds over time19) Frees your time – controlling schedule20) Several avenues of profit21) Low taxes (incentives and rebates)22) Easy to pass on (to loved ones)23) No direct exchange of unit of time for unit of income24) Can be systematized for predictable work and returns25) Can be automated through people and processes26) Can be leveraged (bank desirable)27) Can be scaled and expanded through duplication (going public)28) No special degree or complicated/on going education29) Can work through different economic cycles (up and down markets)30) Gives you a great reputation and support from others Again, feel free to add to it in case you feel I missed something. And BTW if you know what kind of business that could be— please share it with everyone you know. The closest I came up with was real estate. Cherif MedawarCEO Founder of the ideal businessCrowdFundExpress.comLaunching in the 2nd quarter of 2017Once we get final approval from FINRA and SEC Latest Posts What is the criteria of an “Ideal Business”? 07 Apr 2022 Uncategorized Communicate or else! 07 Apr 2022 Uncategorized The Perfect City for a Real Estate Investor 07 Apr 2022 Uncategorized Two Basic Ways to Make Money in Real Estate and a Dozen Ways to Lose it All 07 Apr 2022 Uncategorized How to make 20% net after tax using a real estate hedge fund 07 Apr 2022 Uncategorized Newsflash Two Basic Ways to Make Money in Real Estate and a Dozen Ways to Lose it All Make money in RE:1) Buy and sella) Buy and sell as isb) Buy, fix and sell 2) Buy and hold:a) Buy and hold based on per unit priceb) Buy and hold based on a per sq ft price Sooner or later you will mature enough to:1) Buy and hold instead of keep buying and selling2) Buy and hold the type of properties that require the least amount of marketing, management and finance. Lose money in flipping RE:1) Buying at a high price2) Buying at the wrong time/market3) Buying in the wrong place4) Buying the wrong property with physical obsolescence5) Fixing at too high a price6) Fixing too much – too little or the wrong things7) Under marketing property8) Selling at too low a price9) Having no cash reserves10) Having wrong people involved (partners, investors, contractors, brokers, bankers, appraisers etc.) Lose money in holding RE:All of the above plus:1) Renting to the wrong tenant2) Bad lease, price and terms3) Not maintaining the property4) Not resolving matters with finalityObviously this is a very short list. Please give me feedback and let’s add to the list of how and why some people lose money in real estate.



