Q&A for How to Start an Investment Company

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How do I expand my business?

Community Answer

You can seek out investors who can buy into your corporation or LLC. With the extra money, you can hire employees and engage in more extensive marketing. You also might want to seek out a mentor--preferably someone who has been running an investment company a few years longer than you have.

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Question

I have a dream of starting a company that will build a team of small investors, then buy the franchise. If we receive a profit then we'll buy another franchise. Is this possible?

Community Answer

This is possible, but focus on building the initial franchise and make it a profitable business before going any further. Initial income is the hardest part of starting a business. Once you begin making profit the opportunities are endless!

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Question

How do I start investing?

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Start by learning what type of investor you are and focus on that. You can learn about investing by watching YouTube videos or reading books. Soon you will begin to develop as an investor and become more complex and more confident.

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I have completed my CFA. I have 12 years of non-investment (not relevant) work experience. It's difficult to find a job in investment analysis or fundraising. How can I start my own investment firm without experience?

Community Answer

You will have to get some experience, be it with Investors Group, or with Ameritrade, or any bank. Once you do understand the structure and the basics of investing, then you can start your own investment firm with the help of a lawyer/advocate who has experience in this field.

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Question

Do I need a patent or other protection to start an investment company?

Community Answer

No, you don't need a patent to start unless you plan on coming out with a product for your company. Then, you would have to get one to protect your idea.

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