[Zach]

And yes, over the next 2 years he will make more than the funded amount from this transaction.

[MCNetwork]

And yes, over the next 2 years he will make more than the funded amount from this transaction.

These types of comments are patently ridiculous.

[jotucker1983]

I spoke with Lenny at WBL this morning, great conversation, I promised Lenny I would update this thread so I wanted to make sure I did that here before I take off for the day lol.

I'm not sure if my buddy Zach above really laid out the program with a clear display lol, but it's more of a restructured partnership, rather than a true "acquisition" as to acquire a business it would mean that the business has real assets to be sold. Instead, this is more of a restructured partnership, where WBL comes in as a more knowledgeable and resourceful partner and helps the owner of that small broker office with business acumen that he/she doesn't have.

It gives a small broker office additional business tools that might help them become a larger broker office, including capital resources, legal resources, allowing them to use a more established name (WBL), human resources, etc., while at the same time allowing them to make "syndication like profits" with deals they fund directly with WBL.

I don't think there's any harm nor foul with more of you guys here speaking with WBL about the program, you might feel that it can work for you in your transitional growth phase.

Me personally, I believe that if a small broker office wants to become a larger one, they should increase their personal level of business acumen and conduct the procedures on their own. A true business professional should be able to find his own accounting/legal professional resources, human resources, market research resources, commercial property resources, along with debt and/or equity capital resources to take his business wherever his vision decides. But that's just my opinion.

Some of us have a vision to be a firm with 10 - 100 employees grossing millions a year in revenue.

On the other hand, some of us have a vision just to be a one man show (like myself) with very low operating costs, grossing in the $75k - $150k a year range because it provides more freedom and less stress once you have a large enough portfolio to live off renewals/residuals, and you manage all other aspects of your finances greatly (various tax reduction procedures, living below your means in a good cost of living area, investing greatly to get good passive returns annually, not having kids you can't afford, and not having ex-spouses you can't afford).

But if that small broker office does not have a high quality level of business acumen, are looking to grow, and not sure about all of the resources needed to get there, then WBL brings a structured program that will provide a lot of assistance. You would just have to sit down with WBL and your Attorney to examine all of the legal terms and conditions, required production volumes, how they will share the earnings with you, etc.

Not a bad idea by WBL. The right structured deal could workout well for all parties involved.