Create a really strong small business. Once you get something you know people like, start expanding.Once you get to that point you would either look for investors, or look to franchise your business. Franchising let s other people open up a version of your company, and they pay you royalties for using the name. Investing keeps ownership to your company (an the investors).
Get some capital together and open a Spanish-language oriented small business in your city s Latino district. Don t invest in your building or other capital expenses. Don t even bother re-carpeting! Save every penny, and use accrued profits to expand your business. This will make your business recession proof, because your debt-to-profit ratio is zero.Over 50-60 years, and several major recessions, smile as your company is the only one left standing.
