So, many SMBs will go bankrupt due to this unless the government steps in with cash(not with easy access loans). Which businesses are the best to get into when things start picking up if most of the competition has gone bankrupt?
Coronavirus: taking advantage of bankruptcies? |
  (Mar 23, 2020 11:45 AM)Salacity Wrote: Isnt Donald Trump injecting almost a trillion in federal loans for businesess? Yes, but only if it gets approved. Even then, tons of small businesses are still going to fail. Can't save everyone. Restuarants are for sure going to crumble. (Mar 23, 2020 11:45 AM)Salacity Wrote: Isnt Donald Trump injecting almost a trillion in federal loans for businesess? Not the ones here in Europe. 
Not sure the details in Europe but the most straightforward way is to have money to start with. When businesses go bankrupt their assets are auctioned and you can often get entire, established businesses and their equipment at a discount at auction and then wait out the crisis. The ultra wealthy will make a TON of money buying these so-called "distressed" assets and waiting out the storm until they can be restored to their full glory with the original staff.
Less money but equally as straight forward is to offer legal, financial, and consulting services to distressed businesses - though by the time you get those skills if you don't have them already you've likely missed the opportunity. 
Not sure if you care about this but you're looking to take advantage of a very delicate situation and if you do, at this time you will find it hard to make money on a short term investment. Not to mention the ethical backlash you will face. Your best bet is to wait for this thing to blow over and then capitalize assuming you have the assets
Signature for sale:
$10 week, $35 month. PP, BTC, Bytes 
It’s laughable to think you can swoop in and buy businesses that are bankrupt, and make instant cash. It’s not that easy, have you ever tried to run a business out of bankruptcy? Why do you think you can do better than the previous owner? Companies that interacted with the previous owners might not want to work with you, if you’re inexperienced and looking to only make a quick profit. Fuck outta here
My best tip is short the companies you think will fail, and long the companies that you think will make it out.
For example(and this isn't the best example so dont do it, but hope it gives you the idea) Theme parks are obviously shut down Six flags & Walt Disney World But which theme park will do better? well obviously Disney due to them having Disney+ which many people stuck at home can still use and have in their minds for when this ends. So Walt Disney World is more likely to survive.
I buy Amazon Gift Cards & Crypto for CashApp. PM me if you're selling
 (Apr 5, 2020 10:01 PM)Charlemagne Wrote: It’s laughable to think you can swoop in and buy businesses that are bankrupt, and make instant cash. It’s not that easy, have you ever tried to run a business out of bankruptcy? Why do you think you can do better than the previous owner? Companies that interacted with the previous owners might not want to work with you, if you’re inexperienced and looking to only make a quick profit. fugg outta here The HF member mentality. Everyone thinks they'll work with a no one looking for a quick buck. If anything that's a red flag not to deal with someone, this mentality may work in the corporate world but it's a huge yikes in small businesses. |
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