Posts

Showing posts from October, 2021

What Most New Entrepreneurs Get Wrong

Image
For most entrepreneurs, the beginning of their business starts with the "Ah ha!" moment when inspiration strikes like a light bulb suddenly flashing to life in the midst of the dark of night. They become so consumed by their new passion they believe that it's merits will be self evident and the product or service will fly off the shelves. For some that avoid that train of thought, they face the chicken and egg conundrum. They realize that getting paying customers in is top priority so they can make money but without money how can they build the product or service let alone the team and business behind it all.  This is where most entrepreneurs struggle, give up, or fail. Lets get one thing clear, Sales is king, sales must be the top of your thoughts day in and day out, especially when your an entrepreneur. Grant Cardone in  "Sell Or Be Sold" said it best. "In life your either selling or your being sold" Think about that for a second, every decision we ...

Buy It, Don't Build It - A Guide For Buying Businesses (Part2)

Image
  "Patience and Diligence, like faith, remove mountains."  - William Penn I like that quote but I would change it to "Patience and Due Diligence, like faith, remove mountains." In investing and business nothing beyond good and proper due diligence paired with having the patience to jump on only the great opportunities, that have made it through thorough due diligence, will allow someone to succeed at the highest levels.  This will be the second part of my Buy it, don't build it blog series. If you haven't read the first part I would recommend you go do that. Buy It, Don't Build It - A guide For Buying Businesses (Part1)   After I found the platforms that I would search to find my first online business acquisition, It came time for me to begin sifting through the mountains of candidates. For doing due diligence of this many possibilities these are the steps that I recommend. No matter the size of the investment or the team that is going to put together th...

Buy It, Don't Build It - A Guide For Buying Business (Part 1)

Image
  “The way to get filthy rich is by aggressively copying others and then adding your own twist."  ―  Nathan Latka,  How to Be a Capitalist Without Any Capital: The Four Rules You Must Break To Get Rich Shortly after moving form Southeast Missouri to Central Florida I met some really awesome gentlemen that turned me onto the world of buying business as a way to invest and build a portfolio. They told me to read Nathan Latka's book, "How to be a capitalist without any capital" . Since I was already an investor for a few years and had built up a nice little chuck of capital I figured I might be able to read it and get something small out of it but I wasn't very optimistic but I needed a new book to read and had built up quite the stockpile of credits on my audible account so I figured why not, and downloaded it. After reading it for the first time my eyes were opened to a world of new possibilities, I immediately got to work on setting up my account on a few platfor...

Getting Started With Investing - 5 Steps To Building Financial Freedom

Image
  The biggest misconception about investing is that you need a lot of money to do it, second to the idea that you need to be smart or capable to do it. In my experience you don't any of those things to be a successful investor. Many investors use not just other peoples money to invest but they also use other peoples knowledge, time, resources or abilities to grow their own investments. Look at your current job, what is the owner of the company doing other than using your labor, skills and time to grow their investments. I would guess that a majority of the business owners, especially those with a dozen or more employees, couldn't do each and every job under them to keep the business afloat let alone profitable. This is why I'm so passionate about Financial Freedom. In this article I want to go over a couple steps you can take to work towards that goal as well. So lets dive in. 1. Get your spending under control. Just like in fitness, you can't out work a bad diet. The s...