Definitely, as long as you have built a successful business and lived a very happy life then that does not concern you again. there are some families that have been able to maintain some businesses from generation to generation and they are still maximizing profit.
Building a Business vs Investing in Stocks, Which Do You Prefer?
- Thread starter Suba
- Start date
This is actually what comes from training your family members in that business and making sure that you pick those that are very interested in helping the business to grow to take over the business when you are done.
Honestly, I think I would prefer building my own business, it is true that starting a business from the ground up is a taxing and challenging process - however, I believe the benefits of having your own business far outweigh the benefits of investing in stock. Plus, I feel like stocks are very risky.
As a business person you should always be very much concerned about continuity. You need to teach your children how to run the business effectively so that they can take over from you.
Do you understand that no matter how it is, they have to afford to survive even if you have passed on. I'm cases that they run down the business, they can resort back to stocks that you had.
Starting a business it definitely better not only for the long term but you know you are the owner and have the control. You will just need to dedicate more time in the business to earn and be good with the customers who are interested on your business.
starting a business looks better but there are people who may not have what it takes to run successful business.
Such people just look for investment opportunities instead of trying to set up their own business.
Well,. building business will be far better than investing in stocks because of the profitability.
I believe that the best way to ensure that your business survived for a very long time is to have a business structure that will always be in place to handle business even if you are not around for a very long time.
Or depends on your risk tolerance level. If it is considerably high, you can go for building a new business. If it is not that high, you better go with the option of buying stocks from a stable company.
Yeah, sustaining a business for a very long time requires consistency. It may not be easy but when you're consistent enough you'll be able to succeed.
It would be a wise idea to invest in both business because it's a way to increase your sources of income.
Same here, I am always very open to a lot of opportunities. I don't mind running my own business and at the same time investing in stocks and other things.
Stocks is a passive income source while a business is active income. Why not have the two to balance your financial profile?
