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You may be this E-Type if . . .

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1.You are fortunate to have enough capital, from savings, previous investments, inheritance, etc., that you can afford to invest and risk.

2.You have friends, relatives, and/or acquaintances with money they can afford to invest and risk, who are looking for ways to earn more money than traditional and institutional sources provide—and you’re wiling to raise money from them for your investments.

3.You have existing knowledge about the field in which you’re going to be buying or investing (stocks, real estate, mortgages, autos, etc.). Existing knowledge improves your ability to know how to properly value investments.

4.You are good at finding deals. You have a good grasp of what things should sell for, so you know when you’ve found a bargain.

5.You’re good at judging when to buy and when to sell.

6.You know how to add value to something you purchase—by repairing, restoring, or renovating.

7.You are able to monitor and maintain your investment. It’s very rare that you can buy something and just let it sit. Most investments need regular attention—whether it is trading stocks, managing rental property, or re-filling vending machines.

8.You like working alone. There are many Investor/Owner opportunities that allow you to work—primarily—alone. And let’s face it, not everyone wants to put up with other people, especially on a day-today basis. You’d rather risk some money than have people to deal with everyday.

Obvious (and Not-So-Obvious) Business Choices for This E-Type

Real estate investor

Antique collector

Second-mortgage lender

Classic auto buyer/reseller

Home remodeler/reseller

Furniture restorer/reseller

Laundromat owner

Rental property owner

“Angel” investor in new businesses

Pawn broker

Vending machines owner

Art collector

Antique buyer/seller

9.You may not have the best people skills. Since you are buying and selling something tangible—either for yourself or for others—you don’t need the people skills of most of the other E-Types. You can hire a broker to handle your transactions for you, so you’ll spend even less time working with buyers/sellers in person or on the phone.

What Business Should I Start?

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