The IDEAL Investor Show: The Path to Early Retirement

Episode 10: Frustrated with your business? It’s all in the system | with Peter Mohr


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Who is the Guest?

  • Pete understands business. As a life-long multipreneur, he has owned and operated businesses in the service sector as well as retail since 1994. As a business broker, Pete helped people buy and sell businesses and now uses that background in helping business owners create turn-key businesses so that they can enjoy the freedoms that entrepreneurship can deliver.

Strategy or Investment focus:

  • Not putting all your money in one basket to spread the risk. In Peter’s case, owning up to 4+ businesses and investing on the side
  • [11:59] How Peter deep dives into the mind of a customer to determine if your business gives out the right product or service.
  • Match your service or product to the brand. Don’t confuse your audience or your customers
  • If you don’t envision yourself organizing docs, marketing your property, overseeing time-consuming renovations, and handling complaints or post repairs - just get a manager.
  • There are certain times where the fixer-upper makes sense. And there are certain times where the cash flow option makes sense. And it's the same with businesses too. 
  • Listen, is it a little too late to invest in an inflated market?
  • Check out why these 4P's are essential for the success of a business.

Quotes:

  • We need to show our potential customers what life looks like after they use our services. Yes, if we do that, then we've done our job.
  • Time freedom Point would be that day or that month when you make enough passive income to cover all of that number, all of that expense. And then have the freedom no longer to be like you said, be unemployable and not have to work for somebody else, but basically to Live Your Passion.

Mentions:

  • https://www.shoetopia.ca/
  • https://simplifyingentrepreneurship.com/
  • Time - freedom point
  • Crazy negative interest rates in Europe
  • Heated BiggerPockets discussion
  • Scope Creep
  • Why residential real estate?

Investor Q&A Round:

Q: Any particular person that you would love to meet or admire a lot? And why?

A:  This guy created so many interesting things, the way he copywrites, the way he does all sorts of things- he’s a marketing genius. So for me, I'd like to have a chat,  a round of golf with Dean Jackson.

Q:  If you had a time machine, where would you go? 

A: To come back into my early teens- if I could only have the opportunity to have another supper and to have some time with some people that are gone now that are near and dear to me. 

Freebies:

Head over to www.mohr.coach for a Free 30 minute session on How to Grow Your Business

***

Start taking action right NOW!

  • Goal-setting the right way! 
  • Hesitant to make the first step towards real

Any questions?

***

Start taking action right NOW!
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The IDEAL Investor Show: The Path to Early RetirementBy Axel Meierhoefer

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