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Old 11-17-05, 11:10 PM   #1
schema
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Posts: 2,962
From: SC
Who actually has some kind of cohesive money making plan?

IP:

A lot of people have plans like "i want to live in a mansion and fuck supermodels"...

but who on here actually has goals and time frames and means to accomplish their dreams?

I want to be a real estate developer eventually and I work at Zaxby's now which is like upscale fast food (meaning that it is fresh...takes longer to make than most fast food places...and expensive)...

I have plans to open my own Zaxby's within the next three years...right now im still doing my homework about it. The guy that owns the one where i work now is sort of taking me under his wing. Hes gonna show me how he does payroll and day-to-day operation and Im gonna try to get in a lot of questions about how he got started with his first store...

Ideally he will put up the start-up money (around $650,000) in exchange for some reasonable amount of equity in the business (probably a limited liability company). Ill let a lot of the equity go (probably around 35%) in exchange for flexible renegotiation terms. I want to renegotiate the contract 18-24 months in after the business becomes profitable and I have more credibility. I want to buy back about 15% of his equity and then open two more stores within 36 months of the new contract.

After three stores I want to diversify into real estate within two years. I plan to start with a light portfolio (probably around 10 houses) and slowly build up as my restaurant business becomes more and more profitable.

After I have about 50 houses and 3-4 more stores I want to get into real estate development...which is where I want to end up...

After my first few successful neighborhoods I want to sell my restaurant business (or at least become a silent partner) and focus on developing real estate full time...

So if I get all this rolling according to my plan I should be doing what I want to be doing by the time Im around 30...which is a good goal as far as Im concerned...

Anyone else plan shit out this meticulously?
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