Starting a New Business: Avoid the Dumbest, Most Selfish Thing According to Grant Cardone

Last Updated on February 28, 2024 by Robert C. Hoopes

Renowned real estate mogul Grant Cardone recently caused a stir in the business community with his controversial comments on entrepreneurship and business investments. In a recent interview, Cardone advised against starting a new business, stating that it is the “dumbest, most selfish thing a person could do.”

Cardone highlighted the challenges and unrealistic expectations that new entrepreneurs face, emphasizing the difficulties of working for oneself. He stressed that a successful business is one that cash flows and scales, underscoring the importance of scalability and independence from the owner’s direct involvement.

The mogul pointed to real estate and banking as sectors where successful business models thrive, recommending buying an existing business rather than starting from scratch due to the saturation of struggling small businesses in the U.S. market. Cardone shared his personal journey in real estate investment, starting as a car salesman and expanding his portfolio over the years.

Investors and entrepreneurs are taking Cardone’s advice to heart, seeking sustainable business models in a competitive market. The article also explores alternative methods for entry into real estate, such as investing in real estate investment trusts (REITs) or crowdfunding platforms, for those looking to dip their toes into the real estate market without direct ownership.

Cardone’s controversial remarks have sparked a conversation within the business community, with many reevaluating their approach to entrepreneurship and business investments in light of his advice. His insights may serve as a valuable perspective for those navigating the complexities of starting or investing in a new venture in today’s challenging economic landscape.