{"id":31643,"date":"2017-06-19T14:57:36","date_gmt":"2017-06-19T14:57:36","guid":{"rendered":"https:\/\/fabricegrinda.com\/cach-tiep-can-phi-truyen-thong-de-quan-ly-tai-san\/"},"modified":"2017-06-19T14:57:36","modified_gmt":"2017-06-19T14:57:36","slug":"cach-tiep-can-phi-truyen-thong-de-quan-ly-tai-san","status":"publish","type":"post","link":"https:\/\/grinda.org\/vi\/cach-tiep-can-phi-truyen-thong-de-quan-ly-tai-san\/","title":{"rendered":"C\u00e1ch ti\u1ebfp c\u1eadn phi truy\u1ec1n th\u1ed1ng \u0111\u1ec3 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n"},"content":{"rendered":"<p>T\u00f4i nh\u1eadn th\u1ea5y b\u00e0i \u0111\u0103ng tr\u00ean blog n\u00e0y c\u00f3 v\u1ebb ng\u1edb ng\u1ea9n v\u00ec n\u1ed9i dung c\u1ee7a n\u00f3 ch\u1ec9 \u00e1p d\u1ee5ng cho r\u1ea5t \u00edt doanh nh\u00e2n may m\u1eafn. Tuy nhi\u00ean, tr\u01b0\u1edbc v\u00f4 s\u1ed1 l\u1eddi khuy\u00ean t\u1ed3i t\u1ec7 \u0111\u01b0\u1ee3c \u0111\u01b0a ra b\u1edfi c\u00e1c c\u1ed1 v\u1ea5n \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng v\u00e0 m\u1ecdi doanh nh\u00e2n m\u00e0 t\u00f4i \u1ee7ng h\u1ed9 \u0111\u00e3 tho\u00e1i v\u1ed1n th\u00e0nh c\u00f4ng \u0111\u1ec1u h\u1ecfi t\u00f4i c\u00e1ch qu\u1ea3n l\u00fd ti\u1ec1n c\u1ee7a h\u1ecd, t\u00f4i c\u1ea3m th\u1ea5y b\u00e0i \u0111\u0103ng n\u00e0y ph\u1ea3i \u0111\u01b0\u1ee3c vi\u1ebft ra.<\/p>\n<p>H\u1ea7u h\u1ebft c\u00e1c c\u1ed1 v\u1ea5n truy\u1ec1n th\u1ed1ng \u0111\u1ec1u c\u00f3 m\u1ed9t m\u00f4 h\u00ecnh v\u1ec1 c\u01a1 b\u1ea3n gi\u1ed1ng nh\u01b0 th\u1ebf n\u00e0y: c\u1ed5 phi\u1ebfu trong n\u01b0\u1edbc 30% (chia gi\u1eefa v\u1ed1n h\u00f3a l\u1edbn v\u00e0 v\u1ed1n h\u00f3a trung b\u00ecnh), c\u1ed5 phi\u1ebfu qu\u1ed1c t\u1ebf 20%, b\u1ea5t \u0111\u1ed9ng s\u1ea3n 20%, thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh 20%, c\u00e1c l\u1ef1a ch\u1ecdn thay th\u1ebf 5% (v\u1ed1n c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n v\u00e0 qu\u1ef9 ph\u00f2ng h\u1ed9). ), ti\u1ec1n m\u1eb7t 5%. T\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m thay \u0111\u1ed5i m\u1ed9t ch\u00fat t\u00f9y theo th\u00f4ng tin nh\u00e2n kh\u1ea9u h\u1ecdc v\u00e0 h\u1ed3 s\u01a1 r\u1ee7i ro c\u1ee7a b\u1ea1n, nh\u01b0ng c\u00f3 chi\u1ec1u h\u01b0\u1edbng ch\u00ednh x\u00e1c. \u0110i\u1ec1u th\u00fa v\u1ecb l\u00e0, th\u01b0\u1eddng th\u00ec vi\u1ec7c ph\u00e2n b\u1ed5 kh\u00f4ng kh\u00e1c nhau nhi\u1ec1u gi\u1eefa c\u00e1c khuy\u1ebfn ngh\u1ecb danh m\u1ee5c \u0111\u1ea7u t\u01b0 th\u1eadn tr\u1ecdng v\u00e0 t\u00edch c\u1ef1c nh\u1ea5t c\u1ee7a h\u1ecd.<\/p>\n<p>Nh\u1eefng m\u00f4 h\u00ecnh n\u00e0y d\u1ef1a tr\u00ean ph\u1ea7n b\u00f9 r\u1ee7i ro l\u1ecbch s\u1eed v\u00e0 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a t\u1eebng lo\u1ea1i t\u00e0i s\u1ea3n. \u0110\u00f4i khi s\u1ef1 ph\u00e2n b\u1ed5 n\u00e0y c\u00f3 th\u1ec3 c\u00f3 \u00fd ngh\u0129a. Tuy nhi\u00ean, c\u00e1c m\u00f4 h\u00ecnh coi vi\u1ec7c \u0111\u1ecbnh gi\u00e1 m\u1ecdi lo\u1ea1i t\u00e0i s\u1ea3n l\u00e0 c\u00f4ng b\u1eb1ng t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u1ea7u t\u01b0. M\u1ee9c \u0111\u1ecbnh gi\u00e1 m\u00e0 b\u1ea1n tham gia th\u1ecb tr\u01b0\u1eddng th\u1ef1c s\u1ef1 quan tr\u1ecdng. V\u00ed d\u1ee5, trong th\u1eddi k\u1ef3 l\u00e3i su\u1ea5t th\u1ea5p l\u1ecbch s\u1eed n\u00e0y, vi\u1ec7c s\u1edf h\u1eefu b\u1ea5t k\u1ef3 kho\u1ea3n thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh n\u00e0o l\u00e0 v\u00f4 ngh\u0129a. L\u1ee3i su\u1ea5t th\u1ea5p \u0111\u1ebfn m\u1ee9c b\u1ea1n c\u0169ng c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng ti\u1ec1n m\u1eb7t. B\u1ea1n kh\u00f4ng \u0111\u01b0\u1ee3c \u0111\u1ec1n b\u00f9 m\u1ed9t c\u00e1ch c\u00f4ng b\u1eb1ng cho r\u1ee7i ro v\u1ee1 n\u1ee3. Gi\u00e1 tr\u00e1i phi\u1ebfu t\u1ec7 h\u01a1n ch\u1eafc ch\u1eafn s\u1ebd gi\u1ea3m khi l\u00e3i su\u1ea5t t\u0103ng. T\u01b0\u01a1ng t\u1ef1 nh\u01b0 v\u1eady, gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f3 c\u1ea3m gi\u00e1c gi\u00e0u c\u00f3. T\u1ef7 l\u1ec7 p\/e c\u1ee7a S&amp;P 500 l\u00e0 25,5 m\u1eb7c d\u00f9 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c tr\u00ean 8%. Trong l\u1ecbch s\u1eed, S&amp;P \u0111\u01b0\u1ee3c giao d\u1ecbch \u1edf m\u1ee9c ap\/e l\u00e0 14 v\u00e0 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p \u0111\u1ea1t trung b\u00ecnh 5%.<\/p>\n<p>Trong l\u1ecbch s\u1eed, t\u00f4i \u0111\u00e3 \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng c\u1ed5 phi\u1ebfu M\u1ef9 tr\u1ea3 c\u1ed5 t\u1ee9c cao, ch\u1ea5t l\u01b0\u1ee3ng cao. H\u1ecd t\u1ea1o ra ti\u1ec1n m\u1eb7t v\u00e0 \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 cao v\u1ec1 gi\u00e1 tr\u1ecb. T\u00f4i kh\u00f4ng s\u1edf h\u1eefu b\u1ea5t k\u1ef3 c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 n\u00e0o v\u00ec t\u00f4i \u0111\u00e3 ti\u1ebfp x\u00fac qu\u00e1 nhi\u1ec1u v\u1edbi l\u0129nh v\u1ef1c n\u00e0y th\u00f4ng qua c\u00f4ng vi\u1ec7c h\u00e0ng ng\u00e0y c\u1ee7a m\u00ecnh. T\u00f4i c\u0169ng kh\u00f4ng \u0111\u1ea7u t\u01b0 v\u00e0o v\u1ed1n s\u1edf h\u1eefu c\u1ee7a b\u1ea5t k\u1ef3 c\u00f4ng ty t\u00e0i ch\u00ednh n\u00e0o. M\u1eb7c d\u00f9 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n nh\u01b0ng m\u1ed9t cu\u1ed9c kh\u1ee7ng ho\u1ea3ng v\u1eabn c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng x\u00f3a s\u1ea1ch to\u00e0n b\u1ed9 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu. Tuy nhi\u00ean, t\u00f4i \u0111\u00e3 thanh l\u00fd kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u1ee7a m\u00ecnh v\u00e0o \u0111\u1ea7u n\u0103m nay v\u00ec lo ng\u1ea1i v\u1ec1 gi\u00e1 tr\u1ecb.<\/p>\n<p>\u0110\u1eebng \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c qu\u1ef9 \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd t\u00edch c\u1ef1c v\u00e0 c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9. C\u00e1c ch\u1ee7 ng\u00e2n h\u00e0ng th\u00edch ch\u00fang v\u00ec ch\u00fang t\u1ea1o ra m\u1ee9c ph\u00ed cao, nh\u01b0ng v\u1ec1 c\u01a1 b\u1ea3n, kh\u00f4ng c\u00f3 kho\u1ea3n ph\u00ed n\u00e0o v\u01b0\u1ee3t tr\u1ed9i h\u01a1n S&amp;P 500 v\u1ec1 l\u00e2u d\u00e0i. T\u1ec7 h\u01a1n n\u1eefa, ch\u00fang ta th\u01b0\u1eddng \u0111\u1ea7u t\u01b0 v\u00e0o ch\u00fang sau khi ch\u00fang ho\u1ea1t \u0111\u1ed9ng t\u1ed1t, \u0111i\u1ec1u n\u00e0y th\u01b0\u1eddng ch\u1ec9 d\u1eabn \u0111\u1ebfn s\u1ef1 \u0111\u1ea3o chi\u1ec1u trung b\u00ecnh. T\u00f4i c\u0169ng s\u1ebd kh\u00f4ng \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c qu\u1ef9 c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n do c\u00e1c ng\u00e2n h\u00e0ng th\u00fac \u0111\u1ea9y. Lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0y ho\u1ea1t \u0111\u1ed9ng \u1ed5n n\u1ebfu x\u00e9t t\u1eeb g\u00f3c \u0111\u1ed9 IRR, nh\u01b0ng ti\u1ec1n s\u1ebd kh\u00f4ng c\u00f3 t\u00ednh thanh kho\u1ea3n v\u0129nh vi\u1ec5n (h\u01a1n 10 n\u0103m) v\u00e0 ph\u00ed s\u1ebd chi\u1ebfm m\u1ed9t ph\u1ea7n l\u1edbn l\u1ee3i nhu\u1eadn. C\u0169ng c\u00f3 r\u1ea5t \u00edt m\u1ed1i t\u01b0\u01a1ng quan gi\u1eefa l\u1ee3i nhu\u1eadn qu\u1ef9 trong qu\u00e1 kh\u1ee9 v\u00e0 t\u01b0\u01a1ng lai trong v\u1ed1n c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n.<\/p>\n<p>Ngo\u00e0i ra, b\u1ea1n KH\u00d4NG BAO GI\u1edc n\u00ean vay k\u00fd qu\u1ef9. M\u1ecdi nh\u00e2n vi\u00ean ng\u00e2n h\u00e0ng t\u00f4i t\u1eebng g\u1eb7p \u0111\u1ec1u \u1ee7ng h\u1ed9 \u0111i\u1ec1u n\u00e0y. H\u1ecd n\u00f3i v\u1edbi b\u1ea1n: \u201cH\u00e3y \u0111\u1ea7u t\u01b0 1 tri\u1ec7u USD v\u00e0o tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t 4% v\u00e0 ch\u00fang t\u00f4i s\u1ebd cho b\u1ea1n vay 1 tri\u1ec7u USD v\u1edbi l\u00e3i su\u1ea5t 2%. B\u1ea1n kh\u00f4ng ch\u1ec9 ki\u1ebfm \u0111\u01b0\u1ee3c ti\u1ec1n t\u1eeb giao d\u1ecbch m\u00e0 c\u00f2n c\u00f3 1 tri\u1ec7u \u0111\u00f4 la \u0111\u1ec3 chi ti\u00eau v\u00e0o b\u1ea5t c\u1ee9 th\u1ee9 g\u00ec!\u201d Nghe c\u00f3 v\u1ebb l\u00e0 m\u1ed9t \u00fd t\u01b0\u1edfng hay nh\u01b0ng \u0111\u00f3 l\u1ea1i l\u00e0 m\u1ed9t \u00fd t\u01b0\u1edfng t\u1ed3i v\u00ec trong th\u1eddi \u0111i\u1ec3m kh\u00f3 kh\u0103n (v\u00ed d\u1ee5: cu\u1ed9c kh\u1ee7ng ho\u1ea3ng 2008\/2009), t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n s\u1ebd gi\u1ea3m gi\u00e1 tr\u1ecb. \u0110\u1ec3 b\u00f9 \u0111\u1eafp kho\u1ea3n ch\u00eanh l\u1ec7ch, ng\u00e2n h\u00e0ng s\u1ebd g\u1ecdi v\u1ed1n v\u00e0 y\u00eau c\u1ea7u b\u1ea1n \u0111\u01b0a ti\u1ec1n m\u1eb7t cho h\u1ecd \u0111\u1ec3 b\u00f9 l\u1ed7. \u0110\u00f3 ch\u00ednh l\u00e0 nh\u1eefng th\u1eddi \u0111i\u1ec3m m\u00e0 b\u1ea1n mu\u1ed1n c\u00f3 nhi\u1ec1u ti\u1ec1n nh\u1ea5t \u0111\u1ec3 n\u1eafm b\u1eaft c\u01a1 h\u1ed9i v\u00e0 mua t\u00e0i s\u1ea3n v\u1edbi gi\u00e1 r\u1ebb. 2%\/n\u0103m th\u1eadt s\u1ef1 kh\u00f4ng \u0111\u00e1ng ch\u00fat n\u00e0o. Gi\u1eef ti\u1ec1n b\u1eb1ng ti\u1ec1n m\u1eb7t. Khi kh\u1ee7ng ho\u1ea3ng x\u1ea3y ra, b\u1ea1n c\u00f3 th\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c h\u01a1n 100% b\u1eb1ng c\u00e1ch \u0111\u1ea7u t\u01b0 v\u00e0o t\u00e0i s\u1ea3n ch\u1ea5t l\u01b0\u1ee3ng cao v\u1edbi m\u1ee9c gi\u00e1 th\u1ea5p.<\/p>\n<p>T\u00f4i kh\u00f4ng tin t\u01b0\u1edfng l\u1eafm v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n c\u00e1 nh\u00e2n v\u00ec t\u00f4i th\u01b0\u1eddng coi \u0111\u00f3 l\u00e0 ho\u1ea1t \u0111\u1ed9ng ti\u00eau d\u00f9ng h\u01a1n l\u00e0 \u0111\u1ea7u t\u01b0. \u1ede m\u1ed9t th\u00e0nh ph\u1ed1 nh\u01b0 New York, l\u1ee3i nhu\u1eadn cho thu\u00ea ch\u1ec9 \u1edf m\u1ee9c 2-4%. N\u1ebfu b\u1ea1n so s\u00e1nh t\u1ed5ng chi ph\u00ed s\u1edf h\u1eefu h\u00e0ng th\u00e1ng (chi ph\u00ed th\u1ebf ch\u1ea5p + chi ph\u00ed c\u01a1 h\u1ed9i c\u1ee7a kho\u1ea3n tr\u1ea3 tr\u01b0\u1edbc &#8211; ho\u1eb7c ch\u1ec9 gi\u1ea3 s\u1eed b\u1ea1n \u0111\u00e3 th\u1ebf ch\u1ea5p 100% \u0111\u1ec3 \u0111\u01a1n gi\u1ea3n h\u00f3a ph\u00e9p to\u00e1n + thu\u1ebf t\u00e0i s\u1ea3n + b\u1ea3o tr\u00ec + chi ph\u00ed trung b\u00ecnh h\u00e0ng th\u00e1ng \u0111\u1ec3 s\u1eeda ch\u1eefa nh\u1eefng th\u1ee9 b\u1ecb h\u1ecfng) v\u1edbi t\u1ed5ng chi ph\u00ed s\u1edf h\u1eefu h\u00e0ng th\u00e1ng c\u1ee7a b\u1ea1n. thu\u00ea, thu\u00ea c\u00f3 th\u1ec3 r\u1ebb h\u01a1n s\u1edf h\u1eefu t\u1eeb 2 \u0111\u1ebfn 3 l\u1ea7n! \u0110i\u1ec1u \u0111\u00f3 n\u00f3i l\u00ean r\u1eb1ng, nhi\u1ec1u ng\u01b0\u1eddi th\u00edch s\u1edf h\u1eefu n\u01a1i \u1edf ch\u00ednh c\u1ee7a h\u1ecd. N\u1ebfu n\u00f3 ph\u00f9 h\u1ee3p v\u1edbi ng\u00e2n s\u00e1ch c\u1ee7a b\u1ea1n v\u00e0 b\u1ea1n nh\u1eadn th\u1ee9c \u0111\u01b0\u1ee3c th\u1ef1c t\u1ebf \u0111\u00f3 l\u00e0 ti\u00eau d\u00f9ng ch\u1ee9 kh\u00f4ng ph\u1ea3i \u0111\u1ea7u t\u01b0, h\u00e3y l\u00e0m b\u1ea5t c\u1ee9 \u0111i\u1ec1u g\u00ec \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a h\u1ea1nh ph\u00fac c\u1ee7a b\u1ea1n ( <a href=\"http:\/\/www.fabricegrinda.com\/personal-musings\/rent-unless-you-want-to-buy\/\" target=\"_blank\" rel=\"noopener noreferrer\">Thu\u00ea\u2026 tr\u1eeb khi b\u1ea1n mu\u1ed1n mua<\/a> )<\/p>\n<p>B\u1ea5t \u0111\u1ed9ng s\u1ea3n l\u00e0 m\u1ed9t trong nh\u1eefng lo\u1ea1i t\u00e0i s\u1ea3n h\u1ea5p d\u1eabn nh\u1ea5t hi\u1ec7n nay, n\u1ebfu b\u1ea1n kh\u00f4ng mua b\u1ea5t \u0111\u1ed9ng s\u1ea3n m\u00e0 b\u1ea1n mu\u1ed1n \u1edf. N\u1ebfu b\u1ea1n c\u00f3 danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng th\u00ec n\u00f3 r\u1ea5t an to\u00e0n v\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra t\u1ef7 l\u1ec7 v\u1ed1n h\u00f3a (thu nh\u1eadp ho\u1ea1t \u0111\u1ed9ng r\u00f2ng chia cho gi\u00e1 mua) \u1edf m\u1ee9c 6-13% tr\u00ean quy m\u00f4 t\u00f9y thu\u1ed9c v\u00e0o khu v\u1ef1c \u0111\u1ecba l\u00fd b\u1ea1n \u0111\u1ea7u t\u01b0. \u0110\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c nh\u1eefng giao d\u1ecbch t\u1ed1t nh\u1ea5t, b\u1ea1n th\u01b0\u1eddng mua b\u1eb1ng ti\u1ec1n m\u1eb7t v\u00e0 c\u00f3 th\u1ec3 t\u00e1i c\u1ea5p v\u1ed1n sau. Jose v\u00e0 t\u00f4i \u0111\u00e3 mua m\u1ed9t s\u1ed1 t\u00f2a nh\u00e0 chung c\u01b0 d\u00e0nh cho nhi\u1ec1u gia \u0111\u00ecnh \u1edf Berlin t\u1eeb n\u0103m 2011 \u0111\u1ebfn n\u0103m 2013 b\u1eb1ng chi\u1ebfn l\u01b0\u1ee3c n\u00e0y. Anh trai t\u00f4i Olivier, ng\u01b0\u1eddi \u0111i\u1ec1u h\u00e0nh <a href=\"http:\/\/www.home61.com\" target=\"_blank\" rel=\"noopener noreferrer\">Home61<\/a> , \u0111\u00e3 gi\u00fap c\u00e1c v\u0103n ph\u00f2ng gia \u0111\u00ecnh x\u00e2y d\u1ef1ng danh m\u1ee5c b\u1ea5t \u0111\u1ed9ng s\u1ea3n t\u1ea1o thu nh\u1eadp \u1edf Miami, Florida v\u00e0 Columbus, Ohio m\u1ed9t c\u00e1ch th\u00e0nh c\u00f4ng. L\u01b0u \u00fd r\u1eb1ng ph\u01b0\u01a1ng ph\u00e1p n\u00e0y kh\u00f4ng hi\u1ec7u qu\u1ea3 \u1edf c\u00e1c th\u00e0nh ph\u1ed1 nh\u01b0 New York v\u00e0 San Francisco, n\u01a1i t\u1ef7 l\u1ec7 tr\u1ea7n c\u1ef1c k\u1ef3 th\u1ea5p.<\/p>\n<p>M\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn b\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u00e0nh c\u00f4ng kh\u00e1c l\u00e0 th\u1ef1c hi\u1ec7n ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa vi\u1ec7c cho thu\u00ea d\u00e0i h\u1ea1n v\u00e0 ng\u1eafn h\u1ea1n. B\u1ea1n c\u00f3 th\u1ec3 mua ho\u1eb7c nh\u1eadn h\u1ee3p \u0111\u1ed3ng thu\u00ea c\u0103n h\u1ed9 d\u00e0i h\u1ea1n, sau \u0111\u00f3 thu\u00ea ch\u00fang tr\u00ean Airbnb (ho\u1eb7c c\u00e1c th\u1ecb tr\u01b0\u1eddng cho thu\u00ea trung h\u1ea1n d\u00e0nh cho nh\u00e0 \u1edf c\u00f4ng ty, v.v.) trong th\u1eddi gian ng\u1eafn h\u01a1n. Ngay c\u1ea3 khi xem x\u00e9t ph\u00ed c\u1ee7a m\u1ed9t c\u00f4ng ty qu\u1ea3n l\u00fd (gi\u1ea3 s\u1eed b\u1ea1n kh\u00f4ng mu\u1ed1n t\u1ef1 m\u00ecnh l\u00e0m t\u1ea5t c\u1ea3 c\u00f4ng vi\u1ec7c), c\u00f3 m\u1ed9t s\u1ed1 th\u00e0nh ph\u1ed1 m\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn r\u00f2ng 15-25% m\u1ed7i n\u0103m. N\u00f3 th\u01b0\u1eddng \u00edt c\u00f3 kh\u1ea3 n\u0103ng m\u1edf r\u1ed9ng h\u01a1n v\u00ec nhi\u1ec1u t\u00f2a nh\u00e0 v\u00e0 h\u1ee3p \u0111\u1ed3ng thu\u00ea kh\u00f4ng cho ph\u00e9p cho thu\u00ea l\u1ea1i v\u00e0 m\u1ed9t s\u1ed1 th\u00e0nh ph\u1ed1 kh\u00f4ng cho ph\u00e9p c\u00f3 nhi\u1ec1u danh s\u00e1ch tr\u00ean Airbnb ho\u1eb7c h\u1ea1n ch\u1ebf th\u1eddi gian l\u01b0u tr\u00fa ng\u1eafn h\u1ea1n (v\u00ed d\u1ee5: d\u01b0\u1edbi 30 ng\u00e0y), nh\u01b0ng \u0111\u00f3 l\u00e0 m\u1ed9t trong nh\u1eefng l\u1ee3i nhu\u1eadn cao nh\u1ea5t m\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n<p>Kh\u00f4ng c\u00f3 g\u00ec ng\u1ea1c nhi\u00ean khi lo\u1ea1i t\u00e0i s\u1ea3n t\u00f4i th\u00edch nh\u1ea5t l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 giai \u0111o\u1ea1n \u0111\u1ea7u. \u0110\u00e2y l\u00e0 m\u1ed9t trong s\u1ed1 \u00edt l\u0129nh v\u1ef1c c\u1ee7a n\u1ec1n kinh t\u1ebf mang l\u1ea1i s\u1ef1 t\u0103ng tr\u01b0\u1edfng th\u1ef1c s\u1ef1 m\u00e0 c\u00e1c c\u00f4ng ty c\u00f3 th\u1ec3 ph\u00e1t tri\u1ec3n c\u1ef1c k\u1ef3 nhanh ch\u00f3ng. \u0110\u1ed3ng th\u1eddi, do t\u00ednh kinh t\u1ebf c\u1ee7a c\u00e1c qu\u1ef9 m\u1ea1o hi\u1ec3m, n\u01a1i h\u1ecd thu 2% ph\u00ed qu\u1ea3n l\u00fd m\u1ed7i n\u0103m v\u00e0 20% l\u1ee3i nhu\u1eadn, nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u1ecfi nh\u1ea5t c\u00f3 \u0111\u1ed9ng c\u01a1 huy \u0111\u1ed9ng v\u1ed1n l\u1edbn h\u01a1n v\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c giao d\u1ecbch \u1edf giai \u0111o\u1ea1n sau. B\u1ea1n th\u1ef1c s\u1ef1 kh\u00f4ng th\u1ec3 ki\u1ebfm ti\u1ec1n v\u1edbi s\u1ed1 v\u1ed1n 30-50 tri\u1ec7u USD. T\u00ednh kinh t\u1ebf c\u1ee7a qu\u1ef9 giai \u0111o\u1ea1n \u0111\u1ea7u ch\u1ec9 c\u00f3 t\u00e1c d\u1ee5ng n\u1ebfu b\u1ea1n \u0111\u1ea7u t\u01b0 m\u1ed9t kho\u1ea3n ti\u1ec1n c\u00e1 nh\u00e2n r\u1ea5t l\u1edbn v\u00e0 nh\u1eadn \u0111\u01b0\u1ee3c 100% l\u1ee3i nhu\u1eadn thay v\u00ec 20%. V\u00ec \u0111\u1ea7u t\u01b0 \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u nh\u01b0 v\u1eady kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t lo\u1ea1i t\u00e0i s\u1ea3n c\u00f3 t\u00ednh c\u1ea1nh tranh cao ngo\u00e0i YC. T\u1ea1i FJ Labs, ch\u00fang t\u00f4i ch\u1ee7 y\u1ebfu c\u1ea1nh tranh v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 k\u00e9m tinh vi h\u01a1n, nh\u1eefng ng\u01b0\u1eddi th\u1ef1c hi\u1ec7n m\u1ed9t v\u00e0i giao d\u1ecbch m\u1ed7i n\u0103m. Nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u1ecfi nh\u1ea5t \u0111ang \u1edf A16Z, Sequoia ho\u1eb7c Greylock th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch \u1edf giai \u0111o\u1ea1n sau.<\/p>\n<p>Theo m\u1ed9t c\u00e1ch n\u00e0o \u0111\u00f3, \u0111\u1ea7u t\u01b0 \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u kh\u00f4ng ph\u1ea3i l\u00e0 ch\u1ecdn ng\u01b0\u1eddi chi\u1ebfn th\u1eafng v\u00ec m\u1ee9c \u0111\u1ed9 kh\u00f4ng ch\u1eafc ch\u1eafn trong t\u01b0\u01a1ng lai m\u00e0 l\u00e0 tr\u00e1nh c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 t\u1ed3i. K\u1ebft h\u1ee3p \u0111i\u1ec1u \u0111\u00f3 v\u1edbi danh m\u1ee5c \u0111\u1ea7u t\u01b0 r\u1ea5t \u0111a d\u1ea1ng g\u1ed3m \u00edt nh\u1ea5t 50 kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn l\u1edbn. T\u00f4i \u0111\u00e3 t\u1ea1o ra IRR trung b\u00ecnh 70% v\u1edbi b\u1ed9i s\u1ed1 6,3 l\u1ea7n trong 19 n\u0103m qua \u0111\u1ed1i v\u1edbi lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0y, ph\u1ea3i th\u1eeba nh\u1eadn r\u1eb1ng t\u00f4i \u0111\u00e3 b\u1eaft \u0111\u1ea7u v\u1edbi c\u01a1 s\u1edf t\u00e0i s\u1ea3n r\u1ea5t nh\u1ecf. \u0110i\u1ec1u r\u1ea5t quan tr\u1ecdng l\u00e0 ph\u1ea3i \u0111a d\u1ea1ng h\u00f3a c\u1ea3 v\u1ec1 th\u1eddi gian v\u00e0 s\u1ed1 l\u01b0\u1ee3ng c\u00f4ng ty. \u0110\u1ea7u t\u01b0 trong 2-3 n\u0103m. N\u1ebfu b\u1ea1n kh\u00f4ng c\u00f3 quy tr\u00ecnh giao d\u1ecbch, c\u00e1ch d\u1ec5 nh\u1ea5t \u0111\u1ec3 ti\u1ebfp c\u1eadn lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0y l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c qu\u1ef9 \u0111a c\u00f4ng ty, ch\u1eb3ng h\u1ea1n nh\u01b0 c\u00e1c qu\u1ef9 tr\u00ean <a href=\"http:\/\/www.fundersclub.com\" target=\"_blank\" rel=\"noopener noreferrer\">FundersClub<\/a> . B\u1ea1n c\u0169ng c\u00f3 th\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c giao d\u1ecbch ri\u00eang l\u1ebb, nh\u01b0ng r\u00f5 r\u00e0ng l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c giao d\u1ecbch ri\u00eang l\u1ebb \u00edt h\u01a1n nhi\u1ec1u so v\u1edbi \u0111\u1ea7u t\u01b0 v\u00e0o qu\u1ef9. C\u0169ng l\u01b0u \u00fd r\u1eb1ng \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 qu\u1ef9 truy\u1ec1n th\u1ed1ng. Ch\u1ec9 c\u00f3 m\u1ed9t cu\u1ed9c g\u1ecdi v\u1ed1n tr\u1ea3 tr\u01b0\u1edbc v\u00e0 h\u1ecd kh\u00f4ng gi\u1eef ti\u1ec1n theo t\u1ef7 l\u1ec7, c\u00f3 ngh\u0129a l\u00e0 khi h\u1ebft ti\u1ec1n, h\u1ecd s\u1ebd l\u1eadp m\u1ed9t qu\u1ef9 kh\u00e1c. N\u1ebfu b\u1ea1n mu\u1ed1n \u0111\u1ea7u t\u01b0, h\u00e3y l\u1ea5y kho\u1ea3n ph\u00e2n b\u1ed5 m\u00e0 b\u1ea1n mu\u1ed1n \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t qu\u1ef9 v\u00e0 chia n\u00f3 th\u00e0nh c\u00e1c ph\u1ea7n ri\u00eang bi\u1ec7t \u0111\u1ec3 ti\u1ebfp c\u1eadn v\u1edbi nhi\u1ec1u qu\u1ef9 trong v\u00f2ng 2-3 n\u0103m ho\u1eb7c l\u00e2u h\u01a1n.<\/p>\n<p>II c\u0169ng s\u1ebd \u0111\u1ea7u t\u01b0 m\u1ed9t s\u1ed1 ti\u1ec1n nh\u1ecf h\u01a1n theo c\u00e1ch t\u1eadp trung h\u01a1n v\u00e0o m\u1ed9t s\u1ed1 c\u00f4ng ty tr\u01b0\u1edbc IPO nh\u01b0 Airbnb. B\u1ea1n s\u1ebd kh\u00f4ng ki\u1ebfm \u0111\u01b0\u1ee3c 10 l\u1ea7n, nh\u01b0ng \u0111\u00f3 l\u00e0 m\u1ed9t c\u00e1ch hay \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c 1,5 \u2013 3 l\u1ea7n trong v\u00e0i n\u0103m v\u00e0 nh\u1eadn \u0111\u01b0\u1ee3c IRR tuy\u1ec7t v\u1eddi. B\u1ea1n kh\u00f4ng n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o \u201cnh\u1eefng k\u1ef3 l\u00e2n \u0111\u1ea7u c\u01a1\u201d l\u00e0 nh\u1eefng c\u00f4ng ty \u0111ang \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 h\u00e0ng t\u1ef7 \u0111\u00f4 la m\u00e0 thay v\u00e0o \u0111\u00f3 l\u00e0 nh\u1eefng c\u00f4ng ty kh\u1edfi nghi\u1ec7p \u0111\u00e3 th\u00e0nh danh v\u1edbi m\u00f4 h\u00ecnh kinh doanh h\u1ee3p l\u1ec7 \u0111ang tr\u00ean \u0111\u01b0\u1eddng IPO. Airbnb l\u00e0 v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh nh\u1ea5t cho \u0111i\u1ec1u \u0111\u00f3 hi\u1ec7n nay.<\/p>\n<p>T\u00f4i khuy\u00ean b\u1ea1n n\u00ean n\u1eafm gi\u1eef m\u1ed9t ph\u1ea7n l\u1edbn, 20-30% gi\u00e1 tr\u1ecb r\u00f2ng c\u1ee7a b\u1ea1n b\u1eb1ng ti\u1ec1n m\u1eb7t. C\u00e1c ch\u1ee7 ng\u00e2n h\u00e0ng gh\u00e9t \u0111i\u1ec1u n\u00e0y v\u00ec h\u1ecd ngh\u0129 ch\u00fang ta \u0111ang \u0111\u1ec3 ti\u1ec1n tr\u00ean b\u00e0n. Nh\u01b0ng th\u01b0\u1eddng th\u00ec vi\u1ec7c theo \u0111u\u1ed5i l\u1ee3i nhu\u1eadn trong m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t th\u1ea5p c\u0169ng gi\u1ed1ng nh\u01b0 nh\u1eb7t t\u1eebng \u0111\u1ed3ng xu tr\u01b0\u1edbc m\u1ed9t con l\u0103n h\u01a1i n\u01b0\u1edbc. V\u1edbi l\u1ee3i su\u1ea5t v\u00e0 l\u1ea1m ph\u00e1t th\u1ea5p nh\u01b0 th\u1ebf n\u00e0o, t\u1ed1t nh\u1ea5t b\u1ea1n n\u00ean gi\u1eef ti\u1ec1n m\u1eb7t. Chi ph\u00ed c\u01a1 h\u1ed9i r\u1ea5t th\u1ea5p v\u00e0 mang l\u1ea1i c\u01a1 h\u1ed9i tuy\u1ec7t v\u1eddi \u0111\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn cao trong th\u1eddi k\u1ef3 kh\u1ee7ng ho\u1ea3ng b\u1eb1ng c\u00e1ch mua t\u00e0i s\u1ea3n ch\u1ea5t l\u01b0\u1ee3ng cao v\u1edbi m\u1ee9c chi\u1ebft kh\u1ea5u l\u1edbn. L\u01b0u \u00fd r\u1eb1ng \u0111\u1ec3 \u0111i\u1ec1u n\u00e0y c\u00f3 hi\u1ec7u qu\u1ea3, b\u1ea1n c\u1ea7n c\u00f3 t\u00ednh kh\u00ed tr\u00e1i ng\u01b0\u1ee3c. B\u1ea1n c\u1ea7n s\u1eb5n s\u00e0ng mua khi m\u1ecdi ng\u01b0\u1eddi s\u1ee3 h\u00e3i v\u00e0 c\u00f3 v\u1ebb nh\u01b0 th\u1ebf gi\u1edbi s\u1eafp k\u1ebft th\u00fac. B\u1ea1n c\u0169ng n\u00ean s\u1eed d\u1ee5ng m\u1ed9t ph\u1ea7n ti\u1ec1n m\u1eb7t \u0111\u1ec3 t\u00e0i tr\u1ee3 cho l\u1ea7n kh\u1edfi nghi\u1ec7p ti\u1ebfp theo c\u1ee7a m\u00ecnh. 500 ngh\u00ecn \u0111\u00f4 la \u0111\u1ea7u ti\u00ean &#8211; 1 tri\u1ec7u \u0111\u00f4 la \u0111\u1ea7u ti\u00ean l\u00e0 s\u1ed1 v\u1ed1n \u0111\u1eaft nh\u1ea5t v\u00e0 c\u00f3 t\u00ednh pha lo\u00e3ng nh\u1ea5t m\u00e0 b\u1ea1n c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c. N\u1ebfu b\u1ea1n c\u00f3 th\u1ec3 tr\u00e1nh n\u00e2ng n\u00f3 l\u00ean th\u00ec c\u00e0ng t\u1ed1t. Tuy nhi\u00ean, h\u00e3y \u0111\u1ea3m b\u1ea3o r\u1eb1ng b\u1ea1n v\u1eabn si\u00eang n\u0103ng trong qu\u00e1 tr\u00ecnh t\u1ea1o ra \u00fd t\u01b0\u1edfng v\u00e0 th\u1ef1c hi\u1ec7n c\u00f4ng vi\u1ec7c kh\u1edfi nghi\u1ec7p c\u1ee7a m\u00ecnh. \u0110\u1ed1i v\u1edbi h\u1ea7u h\u1ebft m\u1ecdi ng\u01b0\u1eddi, t\u00f4i kh\u00f4ng khuy\u00ean b\u1ea1n n\u00ean \u0111\u1eb7t r\u1ee7i ro h\u01a1n 10% v\u00e0o l\u1ea7n kh\u1edfi nghi\u1ec7p ti\u1ebfp theo c\u1ee7a h\u1ecd.<\/p>\n<p>\u0110\u1ec3 cho b\u1ea1n m\u1ed9t v\u00ed d\u1ee5, n\u1ebfu b\u1ea1n v\u1eeba ki\u1ebfm \u0111\u01b0\u1ee3c 10 tri\u1ec7u \u0111\u00f4 la sau thu\u1ebf, mu\u1ed1n s\u1edf h\u1eefu ng\u00f4i nh\u00e0 c\u1ee7a m\u00ecnh v\u00e0 th\u1ef1c hi\u1ec7n theo chi\u1ebfn l\u01b0\u1ee3c n\u00f3i tr\u00ean, b\u1ea1n s\u1ebd tri\u1ec3n khai n\u00f3 theo c\u00e1ch sau:<\/p>\n<p><strong>Mua c\u0103n h\u1ed9 4 tri\u1ec7u USD<\/strong><\/p>\n<ul>\n<li>Vay 3 tri\u1ec7u USD trong s\u1ed1 4 tri\u1ec7u USD v\u1edbi l\u00e3i su\u1ea5t 3,5% trong 30 n\u0103m.<\/li>\n<li>B\u1ea1n c\u00f3 th\u1ec3 kh\u1ea5u tr\u1eeb kho\u1ea3n thanh to\u00e1n l\u00e3i t\u1eeb thu\u1ebf c\u1ee7a m\u00ecnh<\/li>\n<li>B\u00e2y gi\u1edd b\u1ea1n v\u1eabn c\u00f2n 9 tri\u1ec7u USD ti\u1ec1n m\u1eb7t<\/li>\n<\/ul>\n<p><strong>\u0110\u1ea7u t\u01b0 2,5 tri\u1ec7u USD v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n t\u1ea1o thu nh\u1eadp<\/strong><\/p>\n<ul>\n<li>\u0110\u00e2y l\u00e0 kho\u1ea3n \u0111\u1ea7u t\u01b0 \u201can to\u00e0n\u201d c\u1ee7a b\u1ea1n v\u00e0 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o nhi\u1ec1u b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u1edf nhi\u1ec1u khu v\u1ef1c \u0111\u1ecba l\u00fd<\/li>\n<li>n\u00f3 c\u00f3 ngh\u0129a l\u00e0 \u0111\u1ec3 t\u1ea1o ra ti\u1ec1n m\u1eb7t. T\u1ef7 l\u1ec7 gi\u1edbi h\u1ea1n r\u00f2ng m\u00e0 b\u1ea1n \u0111ang h\u01b0\u1edbng t\u1edbi l\u00e0 6-13% v\u00e0 c\u00f3 th\u1ec3 l\u00ean t\u1edbi 25% v\u1edbi chi\u1ebfn l\u01b0\u1ee3c cho thu\u00ea ng\u1eafn h\u1ea1n hi\u1ec7u qu\u1ea3<\/li>\n<li>B\u00e2y gi\u1edd b\u1ea1n c\u00f3 6,5 tri\u1ec7u USD ti\u1ec1n m\u1eb7t<\/li>\n<\/ul>\n<p><strong>\u0110\u1ea7u t\u01b0 2,5 tri\u1ec7u USD v\u00e0o c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p giai \u0111o\u1ea1n \u0111\u1ea7u<\/strong><\/p>\n<ul>\n<li>B\u1ea1n c\u1ea7n \u0111\u1ea7u t\u01b0 v\u00e0o \u00edt nh\u1ea5t 50 c\u00f4ng ty kh\u1edfi nghi\u1ec7p \u0111\u1ec3 n\u00f3 ho\u1ea1t \u0111\u1ed9ng<\/li>\n<li>\u0110i\u1ec1u n\u00e0y s\u1ebd cung c\u1ea5p cho b\u1ea1n m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng<\/li>\n<li>C\u00e1ch d\u1ec5 nh\u1ea5t \u0111\u1ec3 l\u00e0m \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 l\u00e0 h\u1ed7 tr\u1ee3 c\u00e1c qu\u1ef9 c\u1ee7a nhi\u1ec1u c\u00f4ng ty, ch\u1eb3ng h\u1ea1n nh\u01b0 qu\u1ef9 tr\u00ean <a href=\"https:\/\/fundersclub.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">FundersClub<\/a><\/li>\n<li>T\u00f4i c\u00f3 th\u1ec3 s\u1ebd \u0111\u1eb7t $500k\/qu\u1ef9<\/li>\n<li>B\u1ea1n c\u0169ng n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng giao d\u1ecbch h\u1ea5p d\u1eabn m\u00e0 b\u1ea1n th\u1ea5y t\u1eeb nh\u1eefng ng\u01b0\u1eddi b\u1ea1n m\u00e0 b\u1ea1n tin t\u01b0\u1edfng.<\/li>\n<li>B\u00e2y gi\u1edd b\u1ea1n c\u00f3 4 tri\u1ec7u \u0111\u00f4 la ti\u1ec1n m\u1eb7t \u2013 l\u01b0u \u00fd r\u1eb1ng c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n theo th\u1eddi gian, nh\u01b0ng t\u1ed1t nh\u1ea5t b\u1ea1n n\u00ean \u201cph\u00e2n b\u1ed5\u201d s\u1ed1 ti\u1ec1n trong t\u00e2m tr\u00ed m\u00ecnh ngay c\u1ea3 khi s\u00e9c \u0111\u1ea7u ti\u00ean c\u1ee7a b\u1ea1n ch\u1ec9 c\u00f3 500 ngh\u00ecn \u0111\u00f4 la.<\/li>\n<\/ul>\n<p><strong>\u0110\u1ea7u t\u01b0 1 tri\u1ec7u USD v\u00e0o c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p \u1edf giai \u0111o\u1ea1n cu\u1ed1i<\/strong><\/p>\n<ul>\n<li>T\u00f4i th\u1ea5y r\u1eb1ng \u0111\u00e2y l\u00e0 c\u00e1ch d\u1ec5 nh\u1ea5t \u0111\u1ec3 ki\u1ebfm 2-3x m\u1ed9t c\u00e1ch t\u01b0\u01a1ng \u0111\u1ed1i an to\u00e0n<\/li>\n<li>T\u00f4i th\u01b0\u1eddng \u0111\u1ea7u t\u01b0 2 n\u0103m tr\u01b0\u1edbc khi IPO v\u00e0o c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p nh\u01b0 Airbnb, Coupang, v.v.<\/li>\n<li>L\u01b0u \u00fd r\u1eb1ng b\u1ea1n th\u01b0\u1eddng ph\u1ea3i vi\u1ebft nh\u1eefng t\u1ea5m s\u00e9c l\u1edbn h\u01a1n, tr\u1ecb gi\u00e1 250 ngh\u00ecn \u0111\u00f4 la m\u1ed7i t\u1ea5m<\/li>\n<li>T\u00f4i c\u00f3 th\u1ec3 m\u1eddi b\u1ea1n giao d\u1ecbch khi t\u00f4i nh\u00ecn th\u1ea5y ch\u00fang<\/li>\n<li>B\u00e2y gi\u1edd b\u1ea1n c\u00f3 3 tri\u1ec7u USD ti\u1ec1n m\u1eb7t \u2013 nh\u01b0ng m\u1ed9t l\u1ea7n n\u1eefa b\u1ea1n gi\u1eef ph\u1ea7n l\u1edbn s\u1ed1 ti\u1ec1n \u0111\u00f3 trong m\u1ed9t th\u1eddi gian d\u00e0i.<\/li>\n<\/ul>\n<p><strong>Gi\u1eef 3 tri\u1ec7u USD ti\u1ec1n m\u1eb7t<\/strong><\/p>\n<ul>\n<li>N\u00f3 ki\u1ebfm \u0111\u01b0\u1ee3c 0 USD nh\u01b0ng an to\u00e0n<\/li>\n<li>N\u00f3 mang l\u1ea1i cho b\u1ea1n $$$ \u0111\u1ec3 \u0111\u1ea7u t\u01b0 trong tr\u01b0\u1eddng h\u1ee3p b\u1ea1n g\u1eb7p c\u01a1 h\u1ed9i: ai \u0111\u00f3 c\u1ea7n ti\u1ec1n m\u1eb7t g\u1ea5p v\u00e0 s\u1eb5n s\u00e0ng b\u00e1n gi\u1ea3m gi\u00e1 50% n\u1ebfu b\u1ea1n nh\u1eadn \u0111\u01b0\u1ee3c ti\u1ec1n ngay b\u00e2y gi\u1edd, b\u1ea1n c\u00f3 th\u1ec3 mua c\u1ed5 phi\u1ebfu ch\u1ea5t l\u01b0\u1ee3ng cao v\u1edbi gi\u00e1 r\u1ebb sau m\u1ed9t \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh l\u1edbn, v.v.<\/li>\n<li>B\u1ea1n c\u00f3 th\u1ec3 t\u00e0i tr\u1ee3 1 tri\u1ec7u \u0111\u00f4 la \u0111\u1ea7u ti\u00ean cho l\u1ea7n kh\u1edfi nghi\u1ec7p ti\u1ebfp theo c\u1ee7a m\u00ecnh v\u00e0 tr\u00e1nh \u0111\u01b0\u1ee3c nh\u1eefng t\u1ed5n th\u1ea5t c\u0169ng nh\u01b0 s\u1ef1 pha lo\u00e3ng c\u1ee7a v\u00f2ng h\u1ea1t gi\u1ed1ng<\/li>\n<\/ul>\n<p>N\u1ebfu \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu tr\u1edf v\u1ec1 m\u1ee9c trung b\u00ecnh, t\u00f4i s\u1ebd c\u1eaft gi\u1ea3m 500 ngh\u00ecn \u0111\u00f4 la \u0111\u1ea7u t\u01b0 v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 c\u00f4ng ngh\u1ec7 m\u1ed7i kho\u1ea3n v\u00e0 ph\u00e2n b\u1ed5 1 tri\u1ec7u \u0111\u00f4 la cho c\u00e1c c\u1ed5 phi\u1ebfu tr\u1ea3 c\u1ed5 t\u1ee9c cao phi c\u00f4ng ngh\u1ec7, ch\u1ea5t l\u01b0\u1ee3ng cao phi t\u00e0i ch\u00ednh.<\/p>\n<p>\u0110i\u1ec1u quan tr\u1ecdng c\u1ea7n l\u01b0u \u00fd l\u00e0 vi\u1ec7c ph\u00e2n b\u1ed5 \u1edf tr\u00ean s\u1ebd thay \u0111\u1ed5i t\u00f9y theo nhu c\u1ea7u ti\u1ec1n m\u1eb7t v\u00e0 gi\u00e1 tr\u1ecb r\u00f2ng c\u1ee7a c\u00e1 nh\u00e2n b\u1ea1n. N\u1ebfu b\u1ea1n c\u00f3 t\u00e0i s\u1ea3n tr\u1ecb gi\u00e1 1 tri\u1ec7u USD, vi\u1ec7c ph\u00e2n b\u1ed5 s\u1ebd r\u1ea5t kh\u00e1c. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu b\u1ea1n c\u00f3 gi\u00e1 tr\u1ecb cao h\u01a1n nhi\u1ec1u, b\u1ea1n n\u00ean d\u00e0nh ph\u1ea7n tr\u0103m gi\u00e1 tr\u1ecb r\u00f2ng th\u1ea5p h\u01a1n cho n\u01a1i \u1edf ch\u00ednh c\u1ee7a m\u00ecnh.<\/p>\n<p>T\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n b\u00e2y gi\u1edd s\u1ebd \u0111\u01b0\u1ee3c an to\u00e0n \u0111\u1ec3 b\u1ea1n c\u00f3 th\u1ec3 ng\u1ee7 ngon h\u01a1n v\u00e0o ban \u0111\u00eam \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u00f4i nh\u1eadn th\u1ea5y b\u00e0i \u0111\u0103ng tr\u00ean blog n\u00e0y c\u00f3 v\u1ebb ng\u1edb ng\u1ea9n v\u00ec n\u1ed9i dung c\u1ee7a n\u00f3 ch\u1ec9 \u00e1p d\u1ee5ng cho r\u1ea5t \u00edt doanh nh\u00e2n may m\u1eafn. Tuy nhi\u00ean, tr\u01b0\u1edbc &hellip; <a href=\"https:\/\/grinda.org\/vi\/cach-tiep-can-phi-truyen-thong-de-quan-ly-tai-san\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;C\u00e1ch ti\u1ebfp c\u1eadn phi truy\u1ec1n th\u1ed1ng \u0111\u1ec3 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":31652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[238,245,228,239],"tags":[],"class_list":["post-31643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-suy-nghi-ca-nhan","category-am-nhac","category-cac-bai-viet","category-suy-nghi-kinh-doanh"],"acf":[],"contentUpdated":"C\u00e1ch ti\u1ebfp c\u1eadn phi truy\u1ec1n th\u1ed1ng \u0111\u1ec3 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n. Categories - Suy ngh\u0129 c\u00e1 nh\u00e2n, \u00c2m nh\u1ea1c, C\u00e1c b\u00e0i vi\u1ebft, Suy ngh\u0129 kinh doanh. Date-Posted - 2017-06-19T14:57:36 . T\u00f4i nh\u1eadn th\u1ea5y b\u00e0i \u0111\u0103ng tr\u00ean blog n\u00e0y c\u00f3 v\u1ebb ng\u1edb ng\u1ea9n v\u00ec n\u1ed9i dung c\u1ee7a n\u00f3 ch\u1ec9 \u00e1p d\u1ee5ng cho r\u1ea5t \u00edt doanh nh\u00e2n may m\u1eafn. Tuy nhi\u00ean, tr\u01b0\u1edbc v\u00f4 s\u1ed1 l\u1eddi khuy\u00ean t\u1ed3i t\u1ec7 \u0111\u01b0\u1ee3c \u0111\u01b0a ra b\u1edfi c\u00e1c c\u1ed1 v\u1ea5n \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng v\u00e0 m\u1ecdi doanh nh\u00e2n m\u00e0 t\u00f4i \u1ee7ng h\u1ed9 \u0111\u00e3 tho\u00e1i v\u1ed1n th\u00e0nh c\u00f4ng \u0111\u1ec1u h\u1ecfi t\u00f4i c\u00e1ch qu\u1ea3n l\u00fd ti\u1ec1n c\u1ee7a h\u1ecd, t\u00f4i c\u1ea3m th\u1ea5y b\u00e0i \u0111\u0103ng n\u00e0y ph\u1ea3i \u0111\u01b0\u1ee3c vi\u1ebft ra.\n H\u1ea7u h\u1ebft c\u00e1c c\u1ed1 v\u1ea5n truy\u1ec1n th\u1ed1ng \u0111\u1ec1u c\u00f3 m\u1ed9t m\u00f4 h\u00ecnh v\u1ec1 c\u01a1 b\u1ea3n gi\u1ed1ng nh\u01b0 th\u1ebf n\u00e0y: c\u1ed5 phi\u1ebfu trong n\u01b0\u1edbc 30% (chia gi\u1eefa v\u1ed1n h\u00f3a l\u1edbn v\u00e0 v\u1ed1n h\u00f3a trung b\u00ecnh), c\u1ed5 phi\u1ebfu qu\u1ed1c t\u1ebf 20%, b\u1ea5t \u0111\u1ed9ng s\u1ea3n 20%, thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh 20%, c\u00e1c l\u1ef1a ch\u1ecdn thay th\u1ebf 5% (v\u1ed1n c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n v\u00e0 qu\u1ef9 ph\u00f2ng h\u1ed9). ), ti\u1ec1n m\u1eb7t 5%. T\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m thay \u0111\u1ed5i m\u1ed9t ch\u00fat t\u00f9y theo th\u00f4ng tin nh\u00e2n kh\u1ea9u h\u1ecdc v\u00e0 h\u1ed3 s\u01a1 r\u1ee7i ro c\u1ee7a b\u1ea1n, nh\u01b0ng c\u00f3 chi\u1ec1u h\u01b0\u1edbng ch\u00ednh x\u00e1c. \u0110i\u1ec1u th\u00fa v\u1ecb l\u00e0, th\u01b0\u1eddng th\u00ec vi\u1ec7c ph\u00e2n b\u1ed5 kh\u00f4ng kh\u00e1c nhau nhi\u1ec1u gi\u1eefa c\u00e1c khuy\u1ebfn ngh\u1ecb danh m\u1ee5c \u0111\u1ea7u t\u01b0 th\u1eadn tr\u1ecdng v\u00e0 t\u00edch c\u1ef1c nh\u1ea5t c\u1ee7a h\u1ecd.\n Nh\u1eefng m\u00f4 h\u00ecnh n\u00e0y d\u1ef1a tr\u00ean ph\u1ea7n b\u00f9 r\u1ee7i ro l\u1ecbch s\u1eed v\u00e0 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a t\u1eebng lo\u1ea1i t\u00e0i s\u1ea3n. \u0110\u00f4i khi s\u1ef1 ph\u00e2n b\u1ed5 n\u00e0y c\u00f3 th\u1ec3 c\u00f3 \u00fd ngh\u0129a. Tuy nhi\u00ean, c\u00e1c m\u00f4 h\u00ecnh coi vi\u1ec7c \u0111\u1ecbnh gi\u00e1 m\u1ecdi lo\u1ea1i t\u00e0i s\u1ea3n l\u00e0 c\u00f4ng b\u1eb1ng t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u1ea7u t\u01b0. M\u1ee9c \u0111\u1ecbnh gi\u00e1 m\u00e0 b\u1ea1n tham gia th\u1ecb tr\u01b0\u1eddng th\u1ef1c s\u1ef1 quan tr\u1ecdng. V\u00ed d\u1ee5, trong th\u1eddi k\u1ef3 l\u00e3i su\u1ea5t th\u1ea5p l\u1ecbch s\u1eed n\u00e0y, vi\u1ec7c s\u1edf h\u1eefu b\u1ea5t k\u1ef3 kho\u1ea3n thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh n\u00e0o l\u00e0 v\u00f4 ngh\u0129a. L\u1ee3i su\u1ea5t th\u1ea5p \u0111\u1ebfn m\u1ee9c b\u1ea1n c\u0169ng c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng ti\u1ec1n m\u1eb7t. B\u1ea1n kh\u00f4ng \u0111\u01b0\u1ee3c \u0111\u1ec1n b\u00f9 m\u1ed9t c\u00e1ch c\u00f4ng b\u1eb1ng cho r\u1ee7i ro v\u1ee1 n\u1ee3. Gi\u00e1 tr\u00e1i phi\u1ebfu t\u1ec7 h\u01a1n ch\u1eafc ch\u1eafn s\u1ebd gi\u1ea3m khi l\u00e3i su\u1ea5t t\u0103ng. T\u01b0\u01a1ng t\u1ef1 nh\u01b0 v\u1eady, gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f3 c\u1ea3m gi\u00e1c gi\u00e0u c\u00f3. T\u1ef7 l\u1ec7 p\/e c\u1ee7a S&amp;P 500 l\u00e0 25,5 m\u1eb7c d\u00f9 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c tr\u00ean 8%. Trong l\u1ecbch s\u1eed, S&amp;P \u0111\u01b0\u1ee3c giao d\u1ecbch \u1edf m\u1ee9c ap\/e l\u00e0 14 v\u00e0 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p \u0111\u1ea1t trung b\u00ecnh 5%.\n Trong l\u1ecbch s\u1eed, t\u00f4i \u0111\u00e3 \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng c\u1ed5 phi\u1ebfu M\u1ef9 tr\u1ea3 c\u1ed5 t\u1ee9c cao, ch\u1ea5t l\u01b0\u1ee3ng cao. H\u1ecd t\u1ea1o ra ti\u1ec1n m\u1eb7t v\u00e0 \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 cao v\u1ec1 gi\u00e1 tr\u1ecb. T\u00f4i kh\u00f4ng s\u1edf h\u1eefu b\u1ea5t k\u1ef3 c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 n\u00e0o v\u00ec t\u00f4i \u0111\u00e3 ti\u1ebfp x\u00fac qu\u00e1 nhi\u1ec1u v\u1edbi l\u0129nh v\u1ef1c n\u00e0y th\u00f4ng qua c\u00f4ng vi\u1ec7c h\u00e0ng ng\u00e0y c\u1ee7a m\u00ecnh. T\u00f4i c\u0169ng kh\u00f4ng \u0111\u1ea7u t\u01b0 v\u00e0o v\u1ed1n s\u1edf h\u1eefu c\u1ee7a b\u1ea5t k\u1ef3 c\u00f4ng ty t\u00e0i ch\u00ednh n\u00e0o. M\u1eb7c d\u00f9 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n nh\u01b0ng m\u1ed9t cu\u1ed9c kh\u1ee7ng ho\u1ea3ng v\u1eabn c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng x\u00f3a s\u1ea1ch to\u00e0n b\u1ed9 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu. Tuy nhi\u00ean, t\u00f4i \u0111\u00e3 thanh l\u00fd kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u1ee7a m\u00ecnh v\u00e0o \u0111\u1ea7u n\u0103m nay v\u00ec lo ng\u1ea1i v\u1ec1 gi\u00e1 tr\u1ecb.\n \u0110\u1eebng \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c qu\u1ef9 \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd t\u00edch c\u1ef1c v\u00e0 c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9. C\u00e1c ch\u1ee7 ng\u00e2n h\u00e0ng th\u00edch ch\u00fang v\u00ec ch\u00fang t\u1ea1o ra m\u1ee9c ph\u00ed cao, nh\u01b0ng v\u1ec1 c\u01a1 b\u1ea3n, kh\u00f4ng c\u00f3 kho\u1ea3n ph\u00ed n\u00e0o v\u01b0\u1ee3t tr\u1ed9i h\u01a1n S&amp;P 500 v\u1ec1 l\u00e2u d\u00e0i. T\u1ec7 h\u01a1n n\u1eefa, ch\u00fang ta th\u01b0\u1eddng \u0111\u1ea7u t\u01b0 v\u00e0o ch\u00fang sau khi ch\u00fang ho\u1ea1t \u0111\u1ed9ng t\u1ed1t, \u0111i\u1ec1u n\u00e0y th\u01b0\u1eddng ch\u1ec9 d\u1eabn \u0111\u1ebfn s\u1ef1 \u0111\u1ea3o chi\u1ec1u trung b\u00ecnh. T\u00f4i c\u0169ng s\u1ebd kh\u00f4ng \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c qu\u1ef9 c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n do c\u00e1c ng\u00e2n h\u00e0ng th\u00fac \u0111\u1ea9y. Lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0y ho\u1ea1t \u0111\u1ed9ng \u1ed5n n\u1ebfu x\u00e9t t\u1eeb g\u00f3c \u0111\u1ed9 IRR, nh\u01b0ng ti\u1ec1n s\u1ebd kh\u00f4ng c\u00f3 t\u00ednh thanh kho\u1ea3n v\u0129nh vi\u1ec5n (h\u01a1n 10 n\u0103m) v\u00e0 ph\u00ed s\u1ebd chi\u1ebfm m\u1ed9t ph\u1ea7n l\u1edbn l\u1ee3i nhu\u1eadn. C\u0169ng c\u00f3 r\u1ea5t \u00edt m\u1ed1i t\u01b0\u01a1ng quan gi\u1eefa l\u1ee3i nhu\u1eadn qu\u1ef9 trong qu\u00e1 kh\u1ee9 v\u00e0 t\u01b0\u01a1ng lai trong v\u1ed1n c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n.\n Ngo\u00e0i ra, b\u1ea1n KH\u00d4NG BAO GI\u1edc n\u00ean vay k\u00fd qu\u1ef9. M\u1ecdi nh\u00e2n vi\u00ean ng\u00e2n h\u00e0ng t\u00f4i t\u1eebng g\u1eb7p \u0111\u1ec1u \u1ee7ng h\u1ed9 \u0111i\u1ec1u n\u00e0y. H\u1ecd n\u00f3i v\u1edbi b\u1ea1n: \u201cH\u00e3y \u0111\u1ea7u t\u01b0 1 tri\u1ec7u USD v\u00e0o tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t 4% v\u00e0 ch\u00fang t\u00f4i s\u1ebd cho b\u1ea1n vay 1 tri\u1ec7u USD v\u1edbi l\u00e3i su\u1ea5t 2%. B\u1ea1n kh\u00f4ng ch\u1ec9 ki\u1ebfm \u0111\u01b0\u1ee3c ti\u1ec1n t\u1eeb giao d\u1ecbch m\u00e0 c\u00f2n c\u00f3 1 tri\u1ec7u \u0111\u00f4 la \u0111\u1ec3 chi ti\u00eau v\u00e0o b\u1ea5t c\u1ee9 th\u1ee9 g\u00ec!\u201d Nghe c\u00f3 v\u1ebb l\u00e0 m\u1ed9t \u00fd t\u01b0\u1edfng hay nh\u01b0ng \u0111\u00f3 l\u1ea1i l\u00e0 m\u1ed9t \u00fd t\u01b0\u1edfng t\u1ed3i v\u00ec trong th\u1eddi \u0111i\u1ec3m kh\u00f3 kh\u0103n (v\u00ed d\u1ee5: cu\u1ed9c kh\u1ee7ng ho\u1ea3ng 2008\/2009), t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n s\u1ebd gi\u1ea3m gi\u00e1 tr\u1ecb. \u0110\u1ec3 b\u00f9 \u0111\u1eafp kho\u1ea3n ch\u00eanh l\u1ec7ch, ng\u00e2n h\u00e0ng s\u1ebd g\u1ecdi v\u1ed1n v\u00e0 y\u00eau c\u1ea7u b\u1ea1n \u0111\u01b0a ti\u1ec1n m\u1eb7t cho h\u1ecd \u0111\u1ec3 b\u00f9 l\u1ed7. \u0110\u00f3 ch\u00ednh l\u00e0 nh\u1eefng th\u1eddi \u0111i\u1ec3m m\u00e0 b\u1ea1n mu\u1ed1n c\u00f3 nhi\u1ec1u ti\u1ec1n nh\u1ea5t \u0111\u1ec3 n\u1eafm b\u1eaft c\u01a1 h\u1ed9i v\u00e0 mua t\u00e0i s\u1ea3n v\u1edbi gi\u00e1 r\u1ebb. 2%\/n\u0103m th\u1eadt s\u1ef1 kh\u00f4ng \u0111\u00e1ng ch\u00fat n\u00e0o. Gi\u1eef ti\u1ec1n b\u1eb1ng ti\u1ec1n m\u1eb7t. Khi kh\u1ee7ng ho\u1ea3ng x\u1ea3y ra, b\u1ea1n c\u00f3 th\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c h\u01a1n 100% b\u1eb1ng c\u00e1ch \u0111\u1ea7u t\u01b0 v\u00e0o t\u00e0i s\u1ea3n ch\u1ea5t l\u01b0\u1ee3ng cao v\u1edbi m\u1ee9c gi\u00e1 th\u1ea5p.\n T\u00f4i kh\u00f4ng tin t\u01b0\u1edfng l\u1eafm v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n c\u00e1 nh\u00e2n v\u00ec t\u00f4i th\u01b0\u1eddng coi \u0111\u00f3 l\u00e0 ho\u1ea1t \u0111\u1ed9ng ti\u00eau d\u00f9ng h\u01a1n l\u00e0 \u0111\u1ea7u t\u01b0. \u1ede m\u1ed9t th\u00e0nh ph\u1ed1 nh\u01b0 New York, l\u1ee3i nhu\u1eadn cho thu\u00ea ch\u1ec9 \u1edf m\u1ee9c 2-4%. N\u1ebfu b\u1ea1n so s\u00e1nh t\u1ed5ng chi ph\u00ed s\u1edf h\u1eefu h\u00e0ng th\u00e1ng (chi ph\u00ed th\u1ebf ch\u1ea5p + chi ph\u00ed c\u01a1 h\u1ed9i c\u1ee7a kho\u1ea3n tr\u1ea3 tr\u01b0\u1edbc &#8211; ho\u1eb7c ch\u1ec9 gi\u1ea3 s\u1eed b\u1ea1n \u0111\u00e3 th\u1ebf ch\u1ea5p 100% \u0111\u1ec3 \u0111\u01a1n gi\u1ea3n h\u00f3a ph\u00e9p to\u00e1n + thu\u1ebf t\u00e0i s\u1ea3n + b\u1ea3o tr\u00ec + chi ph\u00ed trung b\u00ecnh h\u00e0ng th\u00e1ng \u0111\u1ec3 s\u1eeda ch\u1eefa nh\u1eefng th\u1ee9 b\u1ecb h\u1ecfng) v\u1edbi t\u1ed5ng chi ph\u00ed s\u1edf h\u1eefu h\u00e0ng th\u00e1ng c\u1ee7a b\u1ea1n. thu\u00ea, thu\u00ea c\u00f3 th\u1ec3 r\u1ebb h\u01a1n s\u1edf h\u1eefu t\u1eeb 2 \u0111\u1ebfn 3 l\u1ea7n! \u0110i\u1ec1u \u0111\u00f3 n\u00f3i l\u00ean r\u1eb1ng, nhi\u1ec1u ng\u01b0\u1eddi th\u00edch s\u1edf h\u1eefu n\u01a1i \u1edf ch\u00ednh c\u1ee7a h\u1ecd. N\u1ebfu n\u00f3 ph\u00f9 h\u1ee3p v\u1edbi ng\u00e2n s\u00e1ch c\u1ee7a b\u1ea1n v\u00e0 b\u1ea1n nh\u1eadn th\u1ee9c \u0111\u01b0\u1ee3c th\u1ef1c t\u1ebf \u0111\u00f3 l\u00e0 ti\u00eau d\u00f9ng ch\u1ee9 kh\u00f4ng ph\u1ea3i \u0111\u1ea7u t\u01b0, h\u00e3y l\u00e0m b\u1ea5t c\u1ee9 \u0111i\u1ec1u g\u00ec \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a h\u1ea1nh ph\u00fac c\u1ee7a b\u1ea1n ( Thu\u00ea\u2026 tr\u1eeb khi b\u1ea1n mu\u1ed1n mua )\n B\u1ea5t \u0111\u1ed9ng s\u1ea3n l\u00e0 m\u1ed9t trong nh\u1eefng lo\u1ea1i t\u00e0i s\u1ea3n h\u1ea5p d\u1eabn nh\u1ea5t hi\u1ec7n nay, n\u1ebfu b\u1ea1n kh\u00f4ng mua b\u1ea5t \u0111\u1ed9ng s\u1ea3n m\u00e0 b\u1ea1n mu\u1ed1n \u1edf. N\u1ebfu b\u1ea1n c\u00f3 danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng th\u00ec n\u00f3 r\u1ea5t an to\u00e0n v\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra t\u1ef7 l\u1ec7 v\u1ed1n h\u00f3a (thu nh\u1eadp ho\u1ea1t \u0111\u1ed9ng r\u00f2ng chia cho gi\u00e1 mua) \u1edf m\u1ee9c 6-13% tr\u00ean quy m\u00f4 t\u00f9y thu\u1ed9c v\u00e0o khu v\u1ef1c \u0111\u1ecba l\u00fd b\u1ea1n \u0111\u1ea7u t\u01b0. \u0110\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c nh\u1eefng giao d\u1ecbch t\u1ed1t nh\u1ea5t, b\u1ea1n th\u01b0\u1eddng mua b\u1eb1ng ti\u1ec1n m\u1eb7t v\u00e0 c\u00f3 th\u1ec3 t\u00e1i c\u1ea5p v\u1ed1n sau. Jose v\u00e0 t\u00f4i \u0111\u00e3 mua m\u1ed9t s\u1ed1 t\u00f2a nh\u00e0 chung c\u01b0 d\u00e0nh cho nhi\u1ec1u gia \u0111\u00ecnh \u1edf Berlin t\u1eeb n\u0103m 2011 \u0111\u1ebfn n\u0103m 2013 b\u1eb1ng chi\u1ebfn l\u01b0\u1ee3c n\u00e0y. Anh trai t\u00f4i Olivier, ng\u01b0\u1eddi \u0111i\u1ec1u h\u00e0nh Home61 , \u0111\u00e3 gi\u00fap c\u00e1c v\u0103n ph\u00f2ng gia \u0111\u00ecnh x\u00e2y d\u1ef1ng danh m\u1ee5c b\u1ea5t \u0111\u1ed9ng s\u1ea3n t\u1ea1o thu nh\u1eadp \u1edf Miami, Florida v\u00e0 Columbus, Ohio m\u1ed9t c\u00e1ch th\u00e0nh c\u00f4ng. L\u01b0u \u00fd r\u1eb1ng ph\u01b0\u01a1ng ph\u00e1p n\u00e0y kh\u00f4ng hi\u1ec7u qu\u1ea3 \u1edf c\u00e1c th\u00e0nh ph\u1ed1 nh\u01b0 New York v\u00e0 San Francisco, n\u01a1i t\u1ef7 l\u1ec7 tr\u1ea7n c\u1ef1c k\u1ef3 th\u1ea5p.\n M\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn b\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u00e0nh c\u00f4ng kh\u00e1c l\u00e0 th\u1ef1c hi\u1ec7n ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa vi\u1ec7c cho thu\u00ea d\u00e0i h\u1ea1n v\u00e0 ng\u1eafn h\u1ea1n. B\u1ea1n c\u00f3 th\u1ec3 mua ho\u1eb7c nh\u1eadn h\u1ee3p \u0111\u1ed3ng thu\u00ea c\u0103n h\u1ed9 d\u00e0i h\u1ea1n, sau \u0111\u00f3 thu\u00ea ch\u00fang tr\u00ean Airbnb (ho\u1eb7c c\u00e1c th\u1ecb tr\u01b0\u1eddng cho thu\u00ea trung h\u1ea1n d\u00e0nh cho nh\u00e0 \u1edf c\u00f4ng ty, v.v.) trong th\u1eddi gian ng\u1eafn h\u01a1n. Ngay c\u1ea3 khi xem x\u00e9t ph\u00ed c\u1ee7a m\u1ed9t c\u00f4ng ty qu\u1ea3n l\u00fd (gi\u1ea3 s\u1eed b\u1ea1n kh\u00f4ng mu\u1ed1n t\u1ef1 m\u00ecnh l\u00e0m t\u1ea5t c\u1ea3 c\u00f4ng vi\u1ec7c), c\u00f3 m\u1ed9t s\u1ed1 th\u00e0nh ph\u1ed1 m\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn r\u00f2ng 15-25% m\u1ed7i n\u0103m. N\u00f3 th\u01b0\u1eddng \u00edt c\u00f3 kh\u1ea3 n\u0103ng m\u1edf r\u1ed9ng h\u01a1n v\u00ec nhi\u1ec1u t\u00f2a nh\u00e0 v\u00e0 h\u1ee3p \u0111\u1ed3ng thu\u00ea kh\u00f4ng cho ph\u00e9p cho thu\u00ea l\u1ea1i v\u00e0 m\u1ed9t s\u1ed1 th\u00e0nh ph\u1ed1 kh\u00f4ng cho ph\u00e9p c\u00f3 nhi\u1ec1u danh s\u00e1ch tr\u00ean Airbnb ho\u1eb7c h\u1ea1n ch\u1ebf th\u1eddi gian l\u01b0u tr\u00fa ng\u1eafn h\u1ea1n (v\u00ed d\u1ee5: d\u01b0\u1edbi 30 ng\u00e0y), nh\u01b0ng \u0111\u00f3 l\u00e0 m\u1ed9t trong nh\u1eefng l\u1ee3i nhu\u1eadn cao nh\u1ea5t m\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra tr\u00ean th\u1ecb tr\u01b0\u1eddng.\n Kh\u00f4ng c\u00f3 g\u00ec ng\u1ea1c nhi\u00ean khi lo\u1ea1i t\u00e0i s\u1ea3n t\u00f4i th\u00edch nh\u1ea5t l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 giai \u0111o\u1ea1n \u0111\u1ea7u. \u0110\u00e2y l\u00e0 m\u1ed9t trong s\u1ed1 \u00edt l\u0129nh v\u1ef1c c\u1ee7a n\u1ec1n kinh t\u1ebf mang l\u1ea1i s\u1ef1 t\u0103ng tr\u01b0\u1edfng th\u1ef1c s\u1ef1 m\u00e0 c\u00e1c c\u00f4ng ty c\u00f3 th\u1ec3 ph\u00e1t tri\u1ec3n c\u1ef1c k\u1ef3 nhanh ch\u00f3ng. \u0110\u1ed3ng th\u1eddi, do t\u00ednh kinh t\u1ebf c\u1ee7a c\u00e1c qu\u1ef9 m\u1ea1o hi\u1ec3m, n\u01a1i h\u1ecd thu 2% ph\u00ed qu\u1ea3n l\u00fd m\u1ed7i n\u0103m v\u00e0 20% l\u1ee3i nhu\u1eadn, nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u1ecfi nh\u1ea5t c\u00f3 \u0111\u1ed9ng c\u01a1 huy \u0111\u1ed9ng v\u1ed1n l\u1edbn h\u01a1n v\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c giao d\u1ecbch \u1edf giai \u0111o\u1ea1n sau. B\u1ea1n th\u1ef1c s\u1ef1 kh\u00f4ng th\u1ec3 ki\u1ebfm ti\u1ec1n v\u1edbi s\u1ed1 v\u1ed1n 30-50 tri\u1ec7u USD. T\u00ednh kinh t\u1ebf c\u1ee7a qu\u1ef9 giai \u0111o\u1ea1n \u0111\u1ea7u ch\u1ec9 c\u00f3 t\u00e1c d\u1ee5ng n\u1ebfu b\u1ea1n \u0111\u1ea7u t\u01b0 m\u1ed9t kho\u1ea3n ti\u1ec1n c\u00e1 nh\u00e2n r\u1ea5t l\u1edbn v\u00e0 nh\u1eadn \u0111\u01b0\u1ee3c 100% l\u1ee3i nhu\u1eadn thay v\u00ec 20%. V\u00ec \u0111\u1ea7u t\u01b0 \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u nh\u01b0 v\u1eady kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t lo\u1ea1i t\u00e0i s\u1ea3n c\u00f3 t\u00ednh c\u1ea1nh tranh cao ngo\u00e0i YC. T\u1ea1i FJ Labs, ch\u00fang t\u00f4i ch\u1ee7 y\u1ebfu c\u1ea1nh tranh v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 k\u00e9m tinh vi h\u01a1n, nh\u1eefng ng\u01b0\u1eddi th\u1ef1c hi\u1ec7n m\u1ed9t v\u00e0i giao d\u1ecbch m\u1ed7i n\u0103m. Nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u1ecfi nh\u1ea5t \u0111ang \u1edf A16Z, Sequoia ho\u1eb7c Greylock th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch \u1edf giai \u0111o\u1ea1n sau.\n Theo m\u1ed9t c\u00e1ch n\u00e0o \u0111\u00f3, \u0111\u1ea7u t\u01b0 \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u kh\u00f4ng ph\u1ea3i l\u00e0 ch\u1ecdn ng\u01b0\u1eddi chi\u1ebfn th\u1eafng v\u00ec m\u1ee9c \u0111\u1ed9 kh\u00f4ng ch\u1eafc ch\u1eafn trong t\u01b0\u01a1ng lai m\u00e0 l\u00e0 tr\u00e1nh c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 t\u1ed3i. K\u1ebft h\u1ee3p \u0111i\u1ec1u \u0111\u00f3 v\u1edbi danh m\u1ee5c \u0111\u1ea7u t\u01b0 r\u1ea5t \u0111a d\u1ea1ng g\u1ed3m \u00edt nh\u1ea5t 50 kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0 b\u1ea1n c\u00f3 th\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn l\u1edbn. T\u00f4i \u0111\u00e3 t\u1ea1o ra IRR trung b\u00ecnh 70% v\u1edbi b\u1ed9i s\u1ed1 6,3 l\u1ea7n trong 19 n\u0103m qua \u0111\u1ed1i v\u1edbi lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0y, ph\u1ea3i th\u1eeba nh\u1eadn r\u1eb1ng t\u00f4i \u0111\u00e3 b\u1eaft \u0111\u1ea7u v\u1edbi c\u01a1 s\u1edf t\u00e0i s\u1ea3n r\u1ea5t nh\u1ecf. \u0110i\u1ec1u r\u1ea5t quan tr\u1ecdng l\u00e0 ph\u1ea3i \u0111a d\u1ea1ng h\u00f3a c\u1ea3 v\u1ec1 th\u1eddi gian v\u00e0 s\u1ed1 l\u01b0\u1ee3ng c\u00f4ng ty. \u0110\u1ea7u t\u01b0 trong 2-3 n\u0103m. N\u1ebfu b\u1ea1n kh\u00f4ng c\u00f3 quy tr\u00ecnh giao d\u1ecbch, c\u00e1ch d\u1ec5 nh\u1ea5t \u0111\u1ec3 ti\u1ebfp c\u1eadn lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0y l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c qu\u1ef9 \u0111a c\u00f4ng ty, ch\u1eb3ng h\u1ea1n nh\u01b0 c\u00e1c qu\u1ef9 tr\u00ean FundersClub . B\u1ea1n c\u0169ng c\u00f3 th\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c giao d\u1ecbch ri\u00eang l\u1ebb, nh\u01b0ng r\u00f5 r\u00e0ng l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c giao d\u1ecbch ri\u00eang l\u1ebb \u00edt h\u01a1n nhi\u1ec1u so v\u1edbi \u0111\u1ea7u t\u01b0 v\u00e0o qu\u1ef9. C\u0169ng l\u01b0u \u00fd r\u1eb1ng \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 qu\u1ef9 truy\u1ec1n th\u1ed1ng. Ch\u1ec9 c\u00f3 m\u1ed9t cu\u1ed9c g\u1ecdi v\u1ed1n tr\u1ea3 tr\u01b0\u1edbc v\u00e0 h\u1ecd kh\u00f4ng gi\u1eef ti\u1ec1n theo t\u1ef7 l\u1ec7, c\u00f3 ngh\u0129a l\u00e0 khi h\u1ebft ti\u1ec1n, h\u1ecd s\u1ebd l\u1eadp m\u1ed9t qu\u1ef9 kh\u00e1c. N\u1ebfu b\u1ea1n mu\u1ed1n \u0111\u1ea7u t\u01b0, h\u00e3y l\u1ea5y kho\u1ea3n ph\u00e2n b\u1ed5 m\u00e0 b\u1ea1n mu\u1ed1n \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t qu\u1ef9 v\u00e0 chia n\u00f3 th\u00e0nh c\u00e1c ph\u1ea7n ri\u00eang bi\u1ec7t \u0111\u1ec3 ti\u1ebfp c\u1eadn v\u1edbi nhi\u1ec1u qu\u1ef9 trong v\u00f2ng 2-3 n\u0103m ho\u1eb7c l\u00e2u h\u01a1n.\n II c\u0169ng s\u1ebd \u0111\u1ea7u t\u01b0 m\u1ed9t s\u1ed1 ti\u1ec1n nh\u1ecf h\u01a1n theo c\u00e1ch t\u1eadp trung h\u01a1n v\u00e0o m\u1ed9t s\u1ed1 c\u00f4ng ty tr\u01b0\u1edbc IPO nh\u01b0 Airbnb. B\u1ea1n s\u1ebd kh\u00f4ng ki\u1ebfm \u0111\u01b0\u1ee3c 10 l\u1ea7n, nh\u01b0ng \u0111\u00f3 l\u00e0 m\u1ed9t c\u00e1ch hay \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c 1,5 \u2013 3 l\u1ea7n trong v\u00e0i n\u0103m v\u00e0 nh\u1eadn \u0111\u01b0\u1ee3c IRR tuy\u1ec7t v\u1eddi. B\u1ea1n kh\u00f4ng n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o \u201cnh\u1eefng k\u1ef3 l\u00e2n \u0111\u1ea7u c\u01a1\u201d l\u00e0 nh\u1eefng c\u00f4ng ty \u0111ang \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 h\u00e0ng t\u1ef7 \u0111\u00f4 la m\u00e0 thay v\u00e0o \u0111\u00f3 l\u00e0 nh\u1eefng c\u00f4ng ty kh\u1edfi nghi\u1ec7p \u0111\u00e3 th\u00e0nh danh v\u1edbi m\u00f4 h\u00ecnh kinh doanh h\u1ee3p l\u1ec7 \u0111ang tr\u00ean \u0111\u01b0\u1eddng IPO. Airbnb l\u00e0 v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh nh\u1ea5t cho \u0111i\u1ec1u \u0111\u00f3 hi\u1ec7n nay.\n T\u00f4i khuy\u00ean b\u1ea1n n\u00ean n\u1eafm gi\u1eef m\u1ed9t ph\u1ea7n l\u1edbn, 20-30% gi\u00e1 tr\u1ecb r\u00f2ng c\u1ee7a b\u1ea1n b\u1eb1ng ti\u1ec1n m\u1eb7t. C\u00e1c ch\u1ee7 ng\u00e2n h\u00e0ng gh\u00e9t \u0111i\u1ec1u n\u00e0y v\u00ec h\u1ecd ngh\u0129 ch\u00fang ta \u0111ang \u0111\u1ec3 ti\u1ec1n tr\u00ean b\u00e0n. Nh\u01b0ng th\u01b0\u1eddng th\u00ec vi\u1ec7c theo \u0111u\u1ed5i l\u1ee3i nhu\u1eadn trong m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t th\u1ea5p c\u0169ng gi\u1ed1ng nh\u01b0 nh\u1eb7t t\u1eebng \u0111\u1ed3ng xu tr\u01b0\u1edbc m\u1ed9t con l\u0103n h\u01a1i n\u01b0\u1edbc. V\u1edbi l\u1ee3i su\u1ea5t v\u00e0 l\u1ea1m ph\u00e1t th\u1ea5p nh\u01b0 th\u1ebf n\u00e0o, t\u1ed1t nh\u1ea5t b\u1ea1n n\u00ean gi\u1eef ti\u1ec1n m\u1eb7t. Chi ph\u00ed c\u01a1 h\u1ed9i r\u1ea5t th\u1ea5p v\u00e0 mang l\u1ea1i c\u01a1 h\u1ed9i tuy\u1ec7t v\u1eddi \u0111\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn cao trong th\u1eddi k\u1ef3 kh\u1ee7ng ho\u1ea3ng b\u1eb1ng c\u00e1ch mua t\u00e0i s\u1ea3n ch\u1ea5t l\u01b0\u1ee3ng cao v\u1edbi m\u1ee9c chi\u1ebft kh\u1ea5u l\u1edbn. L\u01b0u \u00fd r\u1eb1ng \u0111\u1ec3 \u0111i\u1ec1u n\u00e0y c\u00f3 hi\u1ec7u qu\u1ea3, b\u1ea1n c\u1ea7n c\u00f3 t\u00ednh kh\u00ed tr\u00e1i ng\u01b0\u1ee3c. B\u1ea1n c\u1ea7n s\u1eb5n s\u00e0ng mua khi m\u1ecdi ng\u01b0\u1eddi s\u1ee3 h\u00e3i v\u00e0 c\u00f3 v\u1ebb nh\u01b0 th\u1ebf gi\u1edbi s\u1eafp k\u1ebft th\u00fac. B\u1ea1n c\u0169ng n\u00ean s\u1eed d\u1ee5ng m\u1ed9t ph\u1ea7n ti\u1ec1n m\u1eb7t \u0111\u1ec3 t\u00e0i tr\u1ee3 cho l\u1ea7n kh\u1edfi nghi\u1ec7p ti\u1ebfp theo c\u1ee7a m\u00ecnh. 500 ngh\u00ecn \u0111\u00f4 la \u0111\u1ea7u ti\u00ean &#8211; 1 tri\u1ec7u \u0111\u00f4 la \u0111\u1ea7u ti\u00ean l\u00e0 s\u1ed1 v\u1ed1n \u0111\u1eaft nh\u1ea5t v\u00e0 c\u00f3 t\u00ednh pha lo\u00e3ng nh\u1ea5t m\u00e0 b\u1ea1n c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c. N\u1ebfu b\u1ea1n c\u00f3 th\u1ec3 tr\u00e1nh n\u00e2ng n\u00f3 l\u00ean th\u00ec c\u00e0ng t\u1ed1t. Tuy nhi\u00ean, h\u00e3y \u0111\u1ea3m b\u1ea3o r\u1eb1ng b\u1ea1n v\u1eabn si\u00eang n\u0103ng trong qu\u00e1 tr\u00ecnh t\u1ea1o ra \u00fd t\u01b0\u1edfng v\u00e0 th\u1ef1c hi\u1ec7n c\u00f4ng vi\u1ec7c kh\u1edfi nghi\u1ec7p c\u1ee7a m\u00ecnh. \u0110\u1ed1i v\u1edbi h\u1ea7u h\u1ebft m\u1ecdi ng\u01b0\u1eddi, t\u00f4i kh\u00f4ng khuy\u00ean b\u1ea1n n\u00ean \u0111\u1eb7t r\u1ee7i ro h\u01a1n 10% v\u00e0o l\u1ea7n kh\u1edfi nghi\u1ec7p ti\u1ebfp theo c\u1ee7a h\u1ecd.\n \u0110\u1ec3 cho b\u1ea1n m\u1ed9t v\u00ed d\u1ee5, n\u1ebfu b\u1ea1n v\u1eeba ki\u1ebfm \u0111\u01b0\u1ee3c 10 tri\u1ec7u \u0111\u00f4 la sau thu\u1ebf, mu\u1ed1n s\u1edf h\u1eefu ng\u00f4i nh\u00e0 c\u1ee7a m\u00ecnh v\u00e0 th\u1ef1c hi\u1ec7n theo chi\u1ebfn l\u01b0\u1ee3c n\u00f3i tr\u00ean, b\u1ea1n s\u1ebd tri\u1ec3n khai n\u00f3 theo c\u00e1ch sau:\n Mua c\u0103n h\u1ed9 4 tri\u1ec7u USD\n Vay 3 tri\u1ec7u USD trong s\u1ed1 4 tri\u1ec7u USD v\u1edbi l\u00e3i su\u1ea5t 3,5% trong 30 n\u0103m.\n B\u1ea1n c\u00f3 th\u1ec3 kh\u1ea5u tr\u1eeb kho\u1ea3n thanh to\u00e1n l\u00e3i t\u1eeb thu\u1ebf c\u1ee7a m\u00ecnh\n B\u00e2y gi\u1edd b\u1ea1n v\u1eabn c\u00f2n 9 tri\u1ec7u USD ti\u1ec1n m\u1eb7t\n \u0110\u1ea7u t\u01b0 2,5 tri\u1ec7u USD v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n t\u1ea1o thu nh\u1eadp\n \u0110\u00e2y l\u00e0 kho\u1ea3n \u0111\u1ea7u t\u01b0 \u201can to\u00e0n\u201d c\u1ee7a b\u1ea1n v\u00e0 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o nhi\u1ec1u b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u1edf nhi\u1ec1u khu v\u1ef1c \u0111\u1ecba l\u00fd\n n\u00f3 c\u00f3 ngh\u0129a l\u00e0 \u0111\u1ec3 t\u1ea1o ra ti\u1ec1n m\u1eb7t. T\u1ef7 l\u1ec7 gi\u1edbi h\u1ea1n r\u00f2ng m\u00e0 b\u1ea1n \u0111ang h\u01b0\u1edbng t\u1edbi l\u00e0 6-13% v\u00e0 c\u00f3 th\u1ec3 l\u00ean t\u1edbi 25% v\u1edbi chi\u1ebfn l\u01b0\u1ee3c cho thu\u00ea ng\u1eafn h\u1ea1n hi\u1ec7u qu\u1ea3\n B\u00e2y gi\u1edd b\u1ea1n c\u00f3 6,5 tri\u1ec7u USD ti\u1ec1n m\u1eb7t\n \u0110\u1ea7u t\u01b0 2,5 tri\u1ec7u USD v\u00e0o c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p giai \u0111o\u1ea1n \u0111\u1ea7u\n B\u1ea1n c\u1ea7n \u0111\u1ea7u t\u01b0 v\u00e0o \u00edt nh\u1ea5t 50 c\u00f4ng ty kh\u1edfi nghi\u1ec7p \u0111\u1ec3 n\u00f3 ho\u1ea1t \u0111\u1ed9ng\n \u0110i\u1ec1u n\u00e0y s\u1ebd cung c\u1ea5p cho b\u1ea1n m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng\n C\u00e1ch d\u1ec5 nh\u1ea5t \u0111\u1ec3 l\u00e0m \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 l\u00e0 h\u1ed7 tr\u1ee3 c\u00e1c qu\u1ef9 c\u1ee7a nhi\u1ec1u c\u00f4ng ty, ch\u1eb3ng h\u1ea1n nh\u01b0 qu\u1ef9 tr\u00ean FundersClub\n T\u00f4i c\u00f3 th\u1ec3 s\u1ebd \u0111\u1eb7t $500k\/qu\u1ef9\n B\u1ea1n c\u0169ng n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng giao d\u1ecbch h\u1ea5p d\u1eabn m\u00e0 b\u1ea1n th\u1ea5y t\u1eeb nh\u1eefng ng\u01b0\u1eddi b\u1ea1n m\u00e0 b\u1ea1n tin t\u01b0\u1edfng.\n B\u00e2y gi\u1edd b\u1ea1n c\u00f3 4 tri\u1ec7u \u0111\u00f4 la ti\u1ec1n m\u1eb7t \u2013 l\u01b0u \u00fd r\u1eb1ng c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n theo th\u1eddi gian, nh\u01b0ng t\u1ed1t nh\u1ea5t b\u1ea1n n\u00ean \u201cph\u00e2n b\u1ed5\u201d s\u1ed1 ti\u1ec1n trong t\u00e2m tr\u00ed m\u00ecnh ngay c\u1ea3 khi s\u00e9c \u0111\u1ea7u ti\u00ean c\u1ee7a b\u1ea1n ch\u1ec9 c\u00f3 500 ngh\u00ecn \u0111\u00f4 la.\n \u0110\u1ea7u t\u01b0 1 tri\u1ec7u USD v\u00e0o c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p \u1edf giai \u0111o\u1ea1n cu\u1ed1i\n T\u00f4i th\u1ea5y r\u1eb1ng \u0111\u00e2y l\u00e0 c\u00e1ch d\u1ec5 nh\u1ea5t \u0111\u1ec3 ki\u1ebfm 2-3x m\u1ed9t c\u00e1ch t\u01b0\u01a1ng \u0111\u1ed1i an to\u00e0n\n T\u00f4i th\u01b0\u1eddng \u0111\u1ea7u t\u01b0 2 n\u0103m tr\u01b0\u1edbc khi IPO v\u00e0o c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p nh\u01b0 Airbnb, Coupang, v.v.\n L\u01b0u \u00fd r\u1eb1ng b\u1ea1n th\u01b0\u1eddng ph\u1ea3i vi\u1ebft nh\u1eefng t\u1ea5m s\u00e9c l\u1edbn h\u01a1n, tr\u1ecb gi\u00e1 250 ngh\u00ecn \u0111\u00f4 la m\u1ed7i t\u1ea5m\n T\u00f4i c\u00f3 th\u1ec3 m\u1eddi b\u1ea1n giao d\u1ecbch khi t\u00f4i nh\u00ecn th\u1ea5y ch\u00fang\n B\u00e2y gi\u1edd b\u1ea1n c\u00f3 3 tri\u1ec7u USD ti\u1ec1n m\u1eb7t \u2013 nh\u01b0ng m\u1ed9t l\u1ea7n n\u1eefa b\u1ea1n gi\u1eef ph\u1ea7n l\u1edbn s\u1ed1 ti\u1ec1n \u0111\u00f3 trong m\u1ed9t th\u1eddi gian d\u00e0i.\n Gi\u1eef 3 tri\u1ec7u USD ti\u1ec1n m\u1eb7t\n N\u00f3 ki\u1ebfm \u0111\u01b0\u1ee3c 0 USD nh\u01b0ng an to\u00e0n\n N\u00f3 mang l\u1ea1i cho b\u1ea1n $$$ \u0111\u1ec3 \u0111\u1ea7u t\u01b0 trong tr\u01b0\u1eddng h\u1ee3p b\u1ea1n g\u1eb7p c\u01a1 h\u1ed9i: ai \u0111\u00f3 c\u1ea7n ti\u1ec1n m\u1eb7t g\u1ea5p v\u00e0 s\u1eb5n s\u00e0ng b\u00e1n gi\u1ea3m gi\u00e1 50% n\u1ebfu b\u1ea1n nh\u1eadn \u0111\u01b0\u1ee3c ti\u1ec1n ngay b\u00e2y gi\u1edd, b\u1ea1n c\u00f3 th\u1ec3 mua c\u1ed5 phi\u1ebfu ch\u1ea5t l\u01b0\u1ee3ng cao v\u1edbi gi\u00e1 r\u1ebb sau m\u1ed9t \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh l\u1edbn, v.v.\n B\u1ea1n c\u00f3 th\u1ec3 t\u00e0i tr\u1ee3 1 tri\u1ec7u \u0111\u00f4 la \u0111\u1ea7u ti\u00ean cho l\u1ea7n kh\u1edfi nghi\u1ec7p ti\u1ebfp theo c\u1ee7a m\u00ecnh v\u00e0 tr\u00e1nh \u0111\u01b0\u1ee3c nh\u1eefng t\u1ed5n th\u1ea5t c\u0169ng nh\u01b0 s\u1ef1 pha lo\u00e3ng c\u1ee7a v\u00f2ng h\u1ea1t gi\u1ed1ng\n N\u1ebfu \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu tr\u1edf v\u1ec1 m\u1ee9c trung b\u00ecnh, t\u00f4i s\u1ebd c\u1eaft gi\u1ea3m 500 ngh\u00ecn \u0111\u00f4 la \u0111\u1ea7u t\u01b0 v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 c\u00f4ng ngh\u1ec7 m\u1ed7i kho\u1ea3n v\u00e0 ph\u00e2n b\u1ed5 1 tri\u1ec7u \u0111\u00f4 la cho c\u00e1c c\u1ed5 phi\u1ebfu tr\u1ea3 c\u1ed5 t\u1ee9c cao phi c\u00f4ng ngh\u1ec7, ch\u1ea5t l\u01b0\u1ee3ng cao phi t\u00e0i ch\u00ednh.\n \u0110i\u1ec1u quan tr\u1ecdng c\u1ea7n l\u01b0u \u00fd l\u00e0 vi\u1ec7c ph\u00e2n b\u1ed5 \u1edf tr\u00ean s\u1ebd thay \u0111\u1ed5i t\u00f9y theo nhu c\u1ea7u ti\u1ec1n m\u1eb7t v\u00e0 gi\u00e1 tr\u1ecb r\u00f2ng c\u1ee7a c\u00e1 nh\u00e2n b\u1ea1n. N\u1ebfu b\u1ea1n c\u00f3 t\u00e0i s\u1ea3n tr\u1ecb gi\u00e1 1 tri\u1ec7u USD, vi\u1ec7c ph\u00e2n b\u1ed5 s\u1ebd r\u1ea5t kh\u00e1c. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu b\u1ea1n c\u00f3 gi\u00e1 tr\u1ecb cao h\u01a1n nhi\u1ec1u, b\u1ea1n n\u00ean d\u00e0nh ph\u1ea7n tr\u0103m gi\u00e1 tr\u1ecb r\u00f2ng th\u1ea5p h\u01a1n cho n\u01a1i \u1edf ch\u00ednh c\u1ee7a m\u00ecnh.\n T\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n b\u00e2y gi\u1edd s\u1ebd \u0111\u01b0\u1ee3c an to\u00e0n \u0111\u1ec3 b\u1ea1n c\u00f3 th\u1ec3 ng\u1ee7 ngon h\u01a1n v\u00e0o ban \u0111\u00eam \ud83d\ude42\n ","Category":["Suy ngh\u0129 c\u00e1 nh\u00e2n","\u00c2m nh\u1ea1c","C\u00e1c b\u00e0i vi\u1ebft","Suy ngh\u0129 kinh doanh"],"_links":{"self":[{"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/posts\/31643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/comments?post=31643"}],"version-history":[{"count":0,"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/posts\/31643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/media\/31652"}],"wp:attachment":[{"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/media?parent=31643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/categories?post=31643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/grinda.org\/vi\/wp-json\/wp\/v2\/tags?post=31643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}