Training Competition
This is just a general question and I am not implying anything, but I have seen this at least once. Investor A starts building up his company and hires 1-2 employees. Shows those employees all of his materials and one eventually starts doing this business on his own and becomes his hardest competition. With all of the advice and help people give does anyone ever wonder if they are eventually going to make it very hard on themselves. I mean is there ever a limit? Newbie after newbie comes on this board expecting the expereienced investors to get them going doing the same thing....... I understand that everyone was a newbie at some time, and I received my mentoring from a guy that bought 40-50 houses a year, but where does it end? I just thought it would be an interesting topic, and it has probably been talked about before, but with interest rates climbing, the housing "bubble" and more and more investors flooding the market through bootcamps, sites like this, and lofty dreams of striking it rich, I just wonder what the future holds for a young investor like myself. Not to mention legislation being passed against this and that to regulate things more and more.
Please dont post something like.......stop worrying and start doing, or some lame go-getter. I have been investing for a couple years, but I was just wondering what people think about the investing environment.[ Edited by Eric5 on Date 07/21/2005 ]
I agree with you as well..i often have the same concerns about a flooded market and overcrowding of investors..i suppose this it could be looked at like a good job..for the right employment you would move to a specific area for your job...I look for areas where the investor climate is not as unrelenting as others...you can always find these types of areas it just takes work...I am also curious to wonder what happens when there are "too Many" investors, and wonder what the future of investing will hold if every ass hat in town is doing the same thing, I suppose I am rambling, however I just wanted you to know I have the same concerns....
What about having your employees sign non compete agreements that last a couple of years if they leave your employment?
The person I know did have one person sign a non-compete agreements. That one didnt hold up in court for some reason. The other person he just trusted and ended up being the #1 competitor.
I think the problem is treating your top people with respect and paying them well. These courses all teach to pay your people on comission and other b.s. What ensues is a rough relationship between the person and the owner. When the person knows all of the same information and realizes they are getting paid a tiny part of the cut, it is hard to understand why anyone would stay working for someone else.
I was thinking that an experienced investor’s knowledge should always keep them one step ahead of the game. A lot of the high level investors have said “okay everybody is starting to invest so let me rise up and become a hard money lender. Tons of them many on this site lol decide to write a course. I think if anythings saturated it would be single family homes lol. Everybody is taught to focus on those.