Garren Katz on How to Get Started Investing in Small Business Ideas

Garren Katz on How to Get Started Investing in Small Business Ideas


Erik: How are you learning to make better
investment decisions? Garren: I don’t necessarily know that I’m
getting better in my investment decisions, I would say that the folks I invest in are
getting better at executing on what they’re taking on. My investment decisions are working
out more often than not but I wouldn’t say that’s directly related to my process, I’d
say it’s more very fortunate to know folks that are up to some really, really neat things.
An example would be investing in—I love to invest in ideas and they’re sitting all
around us all the time, and so I actually had dinner with a friend of mine a couple
of weeks ago and he was—he’s got what I think is a fantastic idea, I think it fits
his personality perfectly, and I simply asked him. I said, boy, I said, I think you have
a fantastic idea, I’d love to—if the opportunity presents itself, I would love to invest. And
it doesn’t have to be on a significant level, I think so many folks have this idea that
if you’re going to invest, you have to have a tremendous amount of money. Well, there’s
a lot of smaller projects out there. There’s a lot of little ideas that have the potential
to be big, so a relatively small amount of money can get you into a place where you’re
supporting that idea and I think that’s important to think about is what is your intention with
an investment? You know, my intention—sure, on the backend, it’d be neat if it makes me
some money, but my intention is truly to tangibly support what that person is up to. And I set
that intention inside of myself at this point with any investment that I make, and that’s
not a feeling I get when I buy a stock or something like that. I can only—At least
for me, I’ve only been able to find that or have that feeling that my intention is support
when I’m supporting a person or a small organization and what they’re up to.

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