Should I Buy the Building?
In our latest podcast episode, Lena McGuire talks about her decision to buy a building for her startup.
Good Morning!
Here are today’s highlights:
Channon Kennedy tells Entrepreneur how she got her side hustle off the ground.
The shutdown is affecting contractors, startups, and air travel.
Trump’s China deal is trying to solve a crisis the tariffs created.
Shoppers and retailers are returning to the Magnificent Mile.
THE 21 HATS PODCAST
Should I Buy the Building? Or Stick to the Business? This week, in episode 268, Jay Goltz, Lena McGuire, and Liz Picarazzi discuss a common concern: When does it make sense to buy a building for your business? Under the right circumstances—say, with an SBA loan, a good location, and a little luck—the real estate could end up being worth more than the business itself. But what if the business is just getting started? Or what if the owner is nearing retirement age and may not be around to reap decades of appreciation? Is buying the business still a good idea?
Meanwhile, Liz and Lena also compare notes on their ever-evolving tariff challenges. One thing Lena has observed is that some owners in her industry have just had it. They don’t want to deal with the uncertainty, and they’re just packing it in: “We’re going to see who survives all this,” she says, “and I want to be a survivor.”
Plus: Liz has her first “aha” moment with an AI tool her team built, one that’s already helping convert sales.
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