I havent found time to update this blog on a regular bases but If I try writing in it everyday at lunch I might get something out of it.
I had a drink last night with an entreprenuer that has been building businesses up and down the east coast for the last 2 decades. He was knowledgeable on everything in wealth accumulation that had to do with owning businesses. I currently in line to take over the family manufacturing business, which is an excellent business and should continue to thrive over time but i am afraid that the future will lead to slow growth and make my dreams of becoming a billionaire and long and slow process.
Over a few glasses of 15 year old scotch we discussed the many small businesses and start-ups that were here in the great state Of New York and how these companies need to partner with companies such as my own to become sizable companies. If you invest in 3 or 4 small start-ups that have the potential to grow into 5 to 10 million dollar businesses in the future. I can accumulate wealth thru the build up in equity in these little companies. with my companies conections and access to capital A small company can scale up quickly and magnify its growth prospects. unfurtunitly most people behind start-up companies are dreamers that believe that there are ideas are worth millions and they tend to forget that they are not yet millionaires, so picking the best entreprenuer with his or her head on straight is very important. otherwise you can lose your shirt.
