Lee Wiggins on Starting an Investment Company

Lee Wiggins is a profitable businessman and entrepreneur of nearly 30 years. He has found success in a variety of different ways, including working for a financial company as board director and establishing an investment and development group. Lee Wiggins’ company, GPD Investments, was listed as one of the top 100 companies in the Middle East in 2008 and reached a balance sheet of $600M in only five years. Lee Wiggins would like to share how he started his own investment company, and how you can do the same.

·        Having a clear understanding of what kind of investment business you want to start is vitally important. Lee Wiggins suggests determining the exact size of your company, areas you want to specialize in, and financial resources you will have available. There are a variety of different areas an investment company can focus on, including real estate, stocks, and businesses. Lee Wiggins advises to never make the mistake of not focusing in on something.

·        Along the same lines of understanding your area of expertise, Lee Wiggins points out the need for clear goals and vision. One of the first things Lee Wiggins did was to develop a mission statement and set of core values.

·        Your investment company cannot get off the ground if it doesn’t have finances, so the next important step is to secure funding. Realistically, Lee Wiggins believes you should already have some solid footing in the ground before you even think of starting a company.

·        The next major step is to establish yourself. Lee Wiggins believes a company is only as good as its employees. Hire quality over quantity, and make sure you market your services well. Lee Wiggins also makes it a point to constantly stay up to date on competitors in his industry.

There are obviously many more steps to starting your new investment business, but these are some of the basics Lee Wiggins suggests following.