Phil RisherPhlash Consulting · No. 1 Digital Marketing Consulting Company For $1m-10m Home Service Businesses 🚀

DO YOU OWN YOUR OWN STOCK? #lawncare #hvac #plumbing #electrician #business

6 Jun 2024 · 1 min

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Short transcript excerpt from a YouTube conversation (Phil Risher and another speaker) discussing reinvesting profits into a privately owned business versus investing in the public stock market. Speakers compare possible returns (example: ~20% in business vs ~7% in stocks) and emphasize that business owners already 'own stock' in their companies and must decide risk allocation between reinvestment and public markets.

Chapters

Maybe you can make 20% profit in your business if you reinvest this. But also you can make, you know, 7% if you invested in the stock market. But you have to make the decisions on your business of how much risk or allocations do you want to do to have maybe a blended portfolio or whatever you feel comfortable with.
Yeah, I love that's a great analogy because inevitably our business that we own, you know, we're a shareholder. I'll go to an audience and say hey, anyone here own stock? You know, and a few hands go up and I'm like why isn't every hand going up? You're a business owner. I'm not talking about public stock like Ford or something. I'm saying do you stock in your own business? Yeah, makes people like you know, 100. That's a massive investment. And so if you're going to put money, more and more money into it, we want a return.