Mark Evans

Your family is really why you're doing all this crazy stuff anyway. So I'm very conscious of that thought process because, you know, I don't want to be great at business and not great at home.

Your family is really why you're doing all this crazy stuff anyway. So I'm very conscious of that thought process because, you know, I don't want to be great at business and not great at home.

Yeah. Real quick, the disclaimer for me is, you know, I have a lot of contracts. You've got a lot of real estate people, business people here. And I think you guys got to understand, like, buying a business is not like buying a piece of real estate. I know it's, by the way, it's a good marketing strategy. Like, buy a real estate deal. It only makes $1,000 a month. It's $100,000.

Yeah. Real quick, the disclaimer for me is, you know, I have a lot of contracts. You've got a lot of real estate people, business people here. And I think you guys got to understand, like, buying a business is not like buying a piece of real estate. I know it's, by the way, it's a good marketing strategy. Like, buy a real estate deal. It only makes $1,000 a month. It's $100,000.

Yeah. But the problem is with real estate, there's always a value to it. The truth is, if you buy the wrong business and you don't know how to manage it right, it actually has a negative benefit because there's debt to it. You have employees, you have hard costs yet. You know, I have businesses I've sold and I'm losing eighty thousand dollars a month. Those are not worth money.

Yeah. But the problem is with real estate, there's always a value to it. The truth is, if you buy the wrong business and you don't know how to manage it right, it actually has a negative benefit because there's debt to it. You have employees, you have hard costs yet. You know, I have businesses I've sold and I'm losing eighty thousand dollars a month. Those are not worth money.

Those are actually you're paying and or breaking even just to get out of them because you have liability attached to it. Single family house, dude, and I've had many of these where I could buy it and just landlock it and make 300% in 20 years, 10 years or whatever, depending on the location. I don't have to do anything. Just pay the taxes every year and mow the lawn twice a year kind of thing.

Those are actually you're paying and or breaking even just to get out of them because you have liability attached to it. Single family house, dude, and I've had many of these where I could buy it and just landlock it and make 300% in 20 years, 10 years or whatever, depending on the location. I don't have to do anything. Just pay the taxes every year and mow the lawn twice a year kind of thing.

So there are definitely different categories in investing. But investing in business, like I said, I did my first one in 1996 and I did multiple up to 2000. And again, the truth is I didn't even know what I was doing. I was just so dumb. I was like, why wouldn't I buy something where the phone's ringing 80 times a day? I don't have to do anything. Like literally, like I lived with my parents.

So there are definitely different categories in investing. But investing in business, like I said, I did my first one in 1996 and I did multiple up to 2000. And again, the truth is I didn't even know what I was doing. I was just so dumb. I was like, why wouldn't I buy something where the phone's ringing 80 times a day? I don't have to do anything. Like literally, like I lived with my parents.

I was 18 years old. I bought this gutter company. I literally, the day I buy it, I plug in the back. This is old days. So a lot of your viewers might not know. You plugged in a phone and actually had a voicemail, like answering machine with a tape recorder.

I was 18 years old. I bought this gutter company. I literally, the day I buy it, I plug in the back. This is old days. So a lot of your viewers might not know. You plugged in a phone and actually had a voicemail, like answering machine with a tape recorder.

And I literally the phone was ringing off the hook because it was established 16 years in business and it was needed product gutters in Ohio is a big deal. So I kind of had like as I started getting a little bit more mature, I started realizing kind of what I was going. But now what I what I'm looking to do, honestly, when I'm establishing it, I said I call it the torch method.

And I literally the phone was ringing off the hook because it was established 16 years in business and it was needed product gutters in Ohio is a big deal. So I kind of had like as I started getting a little bit more mature, I started realizing kind of what I was going. But now what I what I'm looking to do, honestly, when I'm establishing it, I said I call it the torch method.

So first is the tea. Time, right? We're all at different times in the game. How much time do I have? Some of you might have a lot of time on your hands. That's awesome. You could buy different businesses that I can't buy or won't buy simply because of a time factor, right? And then the O in the torch method is opportunity cost. This needs to be low for me.

So first is the tea. Time, right? We're all at different times in the game. How much time do I have? Some of you might have a lot of time on your hands. That's awesome. You could buy different businesses that I can't buy or won't buy simply because of a time factor, right? And then the O in the torch method is opportunity cost. This needs to be low for me.

Like I can't have, if I take my attention into this business, it better have a very high probability and value or my opportunity costs on what I actually have going on that I know works for sure. And I'm growing as well. It doesn't take away from that. And then I'm looking at risk. Let's be honest, not all businesses have the same risk profile.

Like I can't have, if I take my attention into this business, it better have a very high probability and value or my opportunity costs on what I actually have going on that I know works for sure. And I'm growing as well. It doesn't take away from that. And then I'm looking at risk. Let's be honest, not all businesses have the same risk profile.

If I'm buying a mom and pop store on the corner, which I don't do that, but if I did, that's a higher level of risk. One, I'm virtual. Two, I don't like to have that. I wouldn't mind owning the real estate and running it back to them potentially, but I don't like the risk factor of that. And online, does it have assets? Does it have employees? There's different risk levels.

If I'm buying a mom and pop store on the corner, which I don't do that, but if I did, that's a higher level of risk. One, I'm virtual. Two, I don't like to have that. I wouldn't mind owning the real estate and running it back to them potentially, but I don't like the risk factor of that. And online, does it have assets? Does it have employees? There's different risk levels.