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Grow money through new business
Feb 22, 2013 | 1741 views | 0 0 comments | 11 11 recommendations | email to a friend | print

BOUNTIFUL — Getting involved in a new business may be the best way to help your money grow.

That’s the advice of Steve Down, author of “The Miracle of Wealth” and one of the financiers behind Noah’s and The Falls Event Center. He recently told the Bountiful Rotary that investing in an entrepreneur is potentially just as safe as the stock market, and can offer greater financial rewards. 

“You’re the lender, and the business is the borrower,” he said. “Even better, you can collateralize your loan with real property.” 

According to Down, investing with an entrepreneur can be set up in a similar fashion as buying shares in the stock market. You would need to start with a sizeable amount of money Р $50,000 to $100,000 Р but you can use that money to secure certain rights in advance. 

“You can sleep better at night, and it reduces my liability,” he said. 

One of the rights Downs always secures for investors he works with is an exit strategy. If the investor no longer wants to be involved with the business, he or she can walk away at any time. 

“The person can convert their shares into their dollar value at the time they invested their money,” said Down. “Then they can make their exit.”

Since the deal is private, he equated the risk to a reliable stock on NASDAQ. 

“Apple stock is about a three on the risk scale,” he said. “This is also about a three.”

Down, who used to be a financial advisor, now refers to himself as a “serial entrepreneur.” He was a major investor in Noah’s, a successful automated event center in South Jordan, and is now investing in the competing company The Falls Event Center. The Falls is looking for a location in Davis County.

For those looking to make their own investments, Down offers consultation assistance at For those who want to find their own opportunities, however, the Davis Chamber of Commerce or local business networking groups might be the best place to go. 

“It’s about bringing people together,” said Susan Knight, vice president of sales and marketing for Financially Fit. “It’s a chance to share ideas and see who’s interested.”

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