Brick and Mortar Businesses [Examples, Profitability, Pros and Cons, and How to Start]

If you are interested in learning about brick and mortar businesses and what they have to offer, you are in the right place. Sure, online businesses have become increasingly popular, but sometimes a solid brick and mortar business is your best bet for reliable long-term success. Interacting with customers, earning their trust, and consistently offering …

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How to Start a Brick and Mortar Business [Complete Beginner’s Guide]

With the emergence of e-commerce, online businesses have become increasingly popular, but sometimes starting a solid brick and mortar business is your best bet for reliable long-term success. After all, people will always shop locally for food, gas, and other essentials, and in many cases, there is no substitute for the convenience of a local …

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7 Reasons Why Failure is Good [Lessons I Learned as an Entrepreneur]

image of businessman sitting on bench with hands on head

No one likes to fail. Failure can feel devastating and can lead to depression and hopelessness. It can destroy your self-confidence. Everyone knows this because everyone has experienced failure. Sometimes the failures are small (e.g., you didn’t finish off all the things on your to-do list for the day). In that case, there may be …

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Transportation Business Ideas That Work [Ultimate Guide with 30+ Ideas]

Collage of various trucking businesses

If you are looking to start a transportation business, but don’t know where to begin, you are in the right place. In this article, we are going to discuss 30+ amazing transportation businesses that you can start. We will group these businesses based on different kinds of transportation vehicles. We’ll start off with the biggest …

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Passive Income Real Estate Investing Examples [12 Strategies That Work]

If you want to earn passive income through real estate investing, you are in the right place. In this article, we are going to discuss 12 examples of passive income real estate investing that work. They include classic examples, such as residential rental properties, as well as more exotic examples like triple net leases, note …

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13 Small Businesses That Will Always Be in Demand [Incl. How to Start Them]

Looking for small business ideas that will always be in demand? You are in the right place. In this article, I am going to explore some of the most reliable and steady small businesses that are resistant to recessions, cannot be outsourced, are not trendy, and won’t be made obsolete through technology. I will also …

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How to Choose a Company Name and Logo [16 Key Strategies and Tips]

Choosing a name and logo for your new company is a critical step in establishing your business. The right name will be memorable, original and will evoke the right emotions and connections to your business. Similarly, a great logo will be distinct, attractive, and create instant recognition when people see it. Most entrepreneurs are so …

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How to Do Market Research For Your New Small Business in 5 Simple Steps

One of the key steps in starting a new small business is conducting market research. It’s not the first step, of course. Coming up with the right business idea takes that spot. But once you’ve settled on that, conducting proper market research comes in a close second. Why is market research so important? Market research …

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How to Run Your Laundromat as an Absentee Owner: A Beginner’s Guide

Want to invest in a profitable, reliable, recession-proof business with a incredibly high success rate (95%) where machines do most of the work? Owning a laundromat will allow you to do just that.  And if you structure it properly, you can enjoy passive income as an “absentee owner” of that business.  Being an absentee owner …

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Best Absentee Businesses [Incl. 12 Practical Examples]

Want the incredible ROI of a profitable business but don’t want the headaches associated with running one? The absentee-run business may be perfect for you.  An absentee business is one where the owner does not run the day-to-day operations of the business. Instead, they have a management team and employees performing this essential function.   If done …

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Get Paid to Be Someone’s Friend [Incl. Tips to Max Your Income]

If you have some spare time, enjoy being with people, and want to make some extra money, you can get paid to be someone’s friend by renting out your companionship.   There are several online “rent-a-friend” platforms out there that specialize in connecting people who want a friend with people willing to rent out their friendship …

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Why Passive Income Is Important: Plus 6 passive income ideas that work

Passive income is the pinnacle of personal finance. That’s because it gets you to the final destination along your financial journey.  Here’s what I mean. Most people spend their entire life working at a job. They are at the mercy of their employer and, while some people love their job, many don’t.  They tolerate it …

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Want to Finance Rental Properties When Self-Employed? 3 Strategies That Work!

Being self-employed can be amazing. You are your own boss and don’t answer to anyone. It’s incredibly liberating and that’s a big reason why people leave their jobs to become self-employed. But you obviously lose some of the predictability that comes with having a “normal” job, like a steady income and benefits. Because you don’t …

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Real Estate Crowdfunding vs. Rental Property Investing: Which Is Better?

Rental property investing has been around forever and is a tried-and-true way of making money in real estate.  Real estate crowdfunding is the relative new kid on the block, but is taking the real estate investing world by storm. Which is better?   Real estate crowdfunding is the better investment strategy if you want a passive, …

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Buying a Blog For Passive Income? 10 Risks You Can’t Ignore

If you are an investor looking for passive income, buying a blog can be an appealing option.   Unlike other online businesses, buying an existing blog can generate income without you having to do anything.  There is no inventory to manage, no customer complaints to address, and no employees to supervise.   Blogs are generally monetized through …

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Investing in Rental Properties Through Your Self-Directed HSA

You’ve probably heard of Health Savings Accounts or HSAs by now.  They are a benefit offered by some employers to help their workers pay for qualified medical expenses in a tax-advantaged way.   HSAs are perfectly suited for their main purpose, which is saving money when paying for medical costs.   But that’s not all they can do.  There’s …

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Investing in Small Multifamily Properties: The Goldilocks Investment

Small multi-family properties can be great investments because they combine some of the best features of apartments and single-family homes into a balanced investment that can generate strong cash flow, diversified income, and scalability, while remaining affordable and easy to finance. This chart demonstrates why they are the “Goldilocks” of rental properties: Features   Apartment …

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Are Apartments a Good Investment?

Apartments can be good investments because they can provide strong cash flow, appreciation that you can control, diverse income sources, scalability, centralized maintenance, and significant tax benefits. Apartments are coveted by many real estate investors for their powerful cash flow and other benefits, but there are also risks to investing in apartments that need to be …

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How Can I Start Investing in Rental Properties? A Step-By-Step Guide

Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. Andrew Carnegie Real estate can be a terrific investment and has been a proven path toward long-term wealth.  There’s a reason why so many people throughout the years have found …

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3 Ways to Invest in Private Equity [For Non-Accredited Investors]

SpaceX and Instacart are just a few of the incredible private companies in America.  Many are poised to generate incredible profits for their shareholders.  The only problem is that you normally can’t buy into these types of companies unless you are an “accredited investor.”  More on that later, but an accredited investor is basically a …

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How to Make the Most of Your Flexible Spending Account (FSA)

Want to get a big tax break on common everyday expenses? Check out the Flexible Spending Account.  FSAs can cover medical expenses (Medical FSAs), daycare and other dependent care costs (Dependent Care FSAs), and even commuting expenses, like parking fees and public transportation costs (Transportation FSAs).   Using your FSA can save you a lot of …

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