There's a fair amount of buzz going around the Internet in regard to Warren Buffett's declaration that he would like to buy a business. I have no doubt that by now Mr. Buffett has received several interesting offers and I'm wondering who he'll have sort those offers out. As for me, I'm thinking in a whole different direction:

Warren Buffett should not buy a business, he should build one!

With a mind such as Warren Buffet has and with his firm and steady hand, he's the perfect candidate to orchestrate the creation of a business from the ground up and I think he'd enjoy it also. If I were advising Mr. Buffett, this is where I'd tell him to start: I'd tell him to purchase Nettel Holdings (OTCBB: NTTL) as a starting point. Nettel Holdings is a communications services technology incubator which is beginning to flex its financial muscles. It provides a shining example of its expertise in the form of TOUGI Global Commerce. It has just completed a round of operations streamlining which was focused on cost controls. The crew at Nettlel know that it has a solid grasp on a lot of future potential and it recently reported a gross profit increase of 265% over the previous quarter. By owning Nettel, Buffet would place himself in position to move in any of a thousand directions. He could then pick and choose which business sectors he wished to focus on and build from there.

The best part about building upon Nettel as a foundation would be that Mr. Buffett would be able to launch his legacy in many different directions. Then when he retires (as if that's going to happen), he'd be able to sit back and watch his (business) children grow. By being at the head of a startup incubator and all its subsequent spin offs, Mr. Buffet could have leveraged effects on the future of world business which would reach well into the next century.

Go ahead Mr. Buffett... have some fun!