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Very good article! I have thought about running absentee businesses for some time as I think it is the ultimate way to make a living.

But two things come to mind - 1) you can't manage what you don't know, so you must have detailed, everyday experience of what you want others to be doing while you are gone; and 2) once you do leave, hiring quality managers is absolutely critical.

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I have found that unless you run our own business yourself it just leaves to much room for error. The old saying when the boss is away the mice will play is absolutley true especially in these times.

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I love the idea! But it always reminds me that small businesses are getting ignored in issues, especially when looking for small business loans or financing.

Charles Baratta
Merchant Cash Advance

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Just last month I was thinking of that kind of business. All you need to use your money and let other people run it for you. At the end of my thoughts, I realized that if this won't work I have nobody to blame but myself. Good thing, I didn't pursue.

However, for someone who have done this so many times it could be easy for them to succeed on this kind of business. I believe also that discipline really helps.


Nice article, it certainly would be nice to be able to show up to a business only to collect a check, but you are right, it never works that way. Unless you're very experienced with running businesses it's advisable to spend a lot of time helping with operations.

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Great idea since i read this article

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I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Thank You,

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Another thing that people need to distinguish is the difference between running absentee and semi-absentee. Also, some internet businesses can be run "absentee".

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