Millionaire University

How to Start a Mobility Scooter Rental Business (and Other Rental Business Ideas) With Lenny Tim

00:00 Introduction and Personal Updates

00:45 Discovering the Mobility Scooter Rental Business

03:13 Interview with Lenny: The Journey to Entrepreneurship

07:44 Starting a Mobility Scooter Rental Business

10:11 Pricing and ROI of the Rental Business

14:49 Marketing and SEO for the Rental Business

17:07 The Importance of Customer Reviews

17:28 Building a Business Website

17:57 Creating a Google My Business Account

20:03 Understanding the Demand Before Investing

22:04 Expanding the Business: Generators

23:06 Brainstorming Ideas for Rental Businesses

23:59 Understanding Keyword Research

25:32 Sharing Rental Business Ideas

27:37 The Growth and Future of the Rental Business

30:47 Coaching Session Preview

31:18 Closing Remarks and Podcast Wrap-up

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In This Episode Chris Lollini Teaches How to Start a Software Business (Saas) Without Having to Create Your Own Software - Making a Multiple 6 Figure Income White Labeling Saas - With Chris Lollini 

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For those of you who have been following the podcast, know that we're getting ready to sell our house.

It's been pretty busy around here, so we're trying to get as many people as we can over here to help. Tara's brother, Tyson, my brother-in-law, who I interviewed on the last podcast has been staying with us in our guest house, and he's been really helping us get things ready. And just a few days ago we said to him, Hey Tyson, we need more help. And he's like, okay, I know some people. So he's been bringing over his good friend Will who is also a recovering alcoholic/drug addict, and he's been helping us out for the last few days.

So that's been awesome. Now I've only talked to Will for a brief second one time and yesterday he came up to me right before he was leaving and just said, "Hey, I just wanna thank you for the podcast. It's really been helping me out." 

And so then I was talking to Tyson a little bit more about his situation after Will left, which is kind of similar to Tyson's, I said, Hey, tell him if he listens to all the podcasts, that I'll mentor him if he wants.

So last night, as I was laying there in bed and knowing that I needed to record a podcast today, I had all these ideas of different things that I could talk about on the podcast today, but none of them were really pulling out my heart. And I was thinking "What is on my mind right now? Will is on my mind. The people who represent Will are on my mind"

Those of you who are struggling in life, but you know, there's something more. And you're just not totally sure how to get there. You just need someone telling you that you can get there and maybe helping, giving you a little bit of groundwork or things to think about. 

So that's what we're gonna do today. I am basically going to begin to mentor Will and let him know what he should do to get the success in his life that he's looking for. 

00:00 Introduction and Memorial Day Acknowledgement

01:06 Moving House and Preparations

01:28 Help from Friends and Family

02:22 The Importance of Self-Motivation

03:19 Podcast Inspiration and Audience Engagement

03:48 The Simplicity of Success

05:55 The California Dream: Clarity, Accountability, and Action

06:58 Steps to Achieve Your Ideal Life

09:29 Determining Your Financial Goals

09:53 Choosing Your Vehicle to Success

15:31 Creating Your Plan and Non-Negotiables

17:23 Starting Your To-Do List

18:08 Embracing Change and Overcoming Failure

18:21 The Power of Feedback and Adaptation

18:40 Balancing Business and Personal Life

19:44 The Importance of Taking Action

19:54 The Five-Step Process to Success

21:59 The Role of Accountability and Execution

22:53 The Importance of Time Management and Accountability

24:53 Understanding Key Performance Indicators (KPIs)

28:37 The Journey to Living Your Dream

28:51 Closing Remarks and Encouragement

Today we'll go over the 10 step blueprint to help you gain clarity and help you reach your goals! 

For more information go to MillionaireUniversity.com

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

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Today's interview is unlike any podcast I've ever done in my life the last couple weeks. We've had, my brother-in-law who is Tara's brother Tyson, staying with us in our guest house and helping us do some repairs and some different things on our house before we sell it. And Tyson's a recovering alcoholic drug addict has been in and out of jail several times for the last few years.

For the past several years. He hasn't even been really a part of our life because we just didn't feel like it was safe with his different things he had going on in relationships. And we just had to totally distance ourself, even though we literally live in the same county, like we're the only family members who live right by each other, but we just couldn't be in contact with him.

Now he's living with us and we see him every day all the time. It's pretty wild how it happened. But anyway, he basically has like nothing, like no money, like starting over from scratch after everything that he is been through. So we've given him a job.

It's a labor job, but I've kind of been talking to him about goals and where he wants to go from here because we're not gonna be here for very long. And even getting paid the amount that he can get paid from a job like this just isn't going to be enough to take care of the needs that he has to be able to see his kids more often and pay child support.

And get back on his feet in the way that he would need just to live a good, normal, healthy life and pay off some debts and stuff. So as I've been talking to him, it just made me think of a lot of people out there. You know, I know this is Millionaire University and the goal is to become financially free and make millions of dollars, but we all start somewhere.

So I thought it might be kind of cool as I'm talking to Tyson and we're working together and working with him, and, you know, I can't take any of the credit when I believe when the student is ready, the teacher will appear and this guy is ready. He's humble, he's, he's a listener, but a lot of the things that I've been talking to him about I thought would be good for you guys to hear.

And I think there's a lot of good takeaways that you can take from the things that we've been talking about. So anyway, I, I asked him, I said, Hey, do you want me to interview you? And he's like, okay, sure. And I thought we would share like two to five minutes of his background just kind of show, Hey, Tyson's kind of hit rock bottom and we're gonna help him on his way.

But this interview just turned into so much more and I just let him talk and I listened. Of course I interjected from time to time, but I just listened. And at first I thought, oh, I like, this is Millionaire University. What does a story about someone who has hit rock bottom and struggled with drugs and alcohol and relationships and gone to prison?

Like, what does that have to do with. Making money in Millionaire University. So I thought about editing it down to like 20 minutes, but I, I just couldn't, I don't know, maybe it is just me cuz he's family, but I just have to believe that there's someone out there who has to hear his story. So I'm just gonna put it all out there.

For more information go to MillionaireUniversity.com

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

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I've worked with my husband for 17 years

And we almost got divorced

Here are 9 quick tips for working with your spouse

1. Don't be a dream killer 

When my husband came to me with his first idea, we were pregnant & broke. His idea excited & terrified me. But I didn't kill it. I fed it & it changed me, and we've had some crazy success. I know I'm better today because of the risks we took long ago

2. Don't suffer in silence

I never wanted to be a burden to my husband so I stressed in silence. Over time we were distant. Distance became disconnection. Don't be afraid to tell your partner what you love & what terrifies you about the life & business you are creating together.

3. Your sex life is a priority

A sexless marriage & a thriving business aren't that fun. Trust me. You can make all the money in the world, but if there's no intimacy in your marriage, the business just becomes a thing to do. Be intentional & create space for intimacy every day.

4. Tell your partner 5 things you like about them before you critique them

We all work hard. But does our spouse see it? Before you tell them what's bugging you about working with them.Tell them 5 things you appreciate . When we are seen we are more open to feedback.

5. Develop a backbone

When we started our 1st business I was terrified. I had no idea how to run a business. So I leaned on my husband A LOT. If he made a mistake, I got MAD. I was afraid and I blamed him for it. So I developed skills & my own confidence & now we stand together.

6. Find your sweet spot

You are GOOD at something and your partner is GOOD at something . Do you know how to make your differences work together? Opposites attract so learn to use and leverage those differences to create a well-rounded business . It will be magic if you do

7. Let your partner go

If you can't be on your own, you'll struggle being together. If your partner makes you feel bad, then you'll have to control them to feel good. They don't MAKE you feel anything. You are responsible for your own emotions. It's always been you facing you

8. Let them see ALL of you

I used to hide the "ugly" parts of myself thinking my husband would reject me. But I was blocking intimacy. I became robotic. But then I broke and he saw it all. And he accepted it all. I've never felt more loved. And we've never worked better together

9. Love the HECK out of your partner

Your person is alive. Their heart is beating and they are standing in front of you today. That is a miracle in and of itself. Be sure to tell them EVERY DAY what they mean to you . Learn to adore them. And let them adore you back. Running a business with your partner can be the BEST or WORST thing in your life. And it's all about how much you are willing to face yourself. Change you, change your marriage and your business will grow always...

If you have any tips for working with your partner, I'd love to hear them. You can reach me [email protected] 

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

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In today's lesson we talk about the Supremacy of Selling and how understanding this principle is critical to your business growth and success!

For more information go to MillionaireUniversity.com

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

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To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

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Almost 4 years ago we sold our business to Bill Allen. Bill is an implementing machine and one of the most inspiring action taking people I know. 

In this episode of The Millionaire University Podcast, Millionaire Mentor Bill Allen Shares what he believes it takes to be successful in business and in life. 

For more information go to MillionaireUniversity.com

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

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In today's business lesson, we discuss The Aggregation of Marginal Gains and how understanding and applying this principle will help you explode your business.

The Aggregation of Marginal Gains is a concept that James Clear talks about in the first chapter of his #1 New York Times Best Selling Book, Atomic Habits.

00:00 Introduction to the Lesson

00:23 Promotion of Millionaire University Podcast

00:51 Welcome to the Podcast Episode

01:09 Introduction to the Concept of Marginal Gains

01:22 Historical Context: British Cycling Team

01:59 The Turning Point: Hiring of David Brailsford

02:31 Implementation of Marginal Gains Strategy

03:04 Exploring Unconventional Areas for Improvement

For more information go to MillionaireUniversity.com

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

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In today's lesson we talk about the "Most Businesses Fail" Myth and how if you understand this is a myth and why it can help you with your business and financial creation goals! 

Let's help get you unstuck so you can keep moving forward! 

00:00 Introduction to the Business Myth

01:07 Welcome to the Millionaire University Podcast

01:28 Debunking the Myth: Most Businesses Fail

02:21 The Reality of Business Failure

03:03 Learning from Failed Businesses

03:50 Risks in Business: A Balanced Approach

04:32 The Myth of Business Failure: A New Perspective

06:51 The Real Tragedy: Fear of Failure

07:08 Taking Action: A Challenge to the Listeners

07:34 Commitment and Feedback: An Offer to the Listeners

08:43 Closing Remarks and Sign Off

For more information go to MillionaireUniversity.com

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

And follow us on:

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To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

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In today's episode we discuss what we refer to as the hour glass phenomenon. Every business owner goes through it. Big ideas, overwhelm, dead ends, walls and life altering break throughs. 

We also give an update on some big life plans, podcast growth plans and how to get traction in your business.

Check it out!

00:00 Introduction to the Hourglass Phenomenon

00:09 The Excitement of Starting a Business

01:04 The Spaghetti Method: Finding Your Business Focus

01:59 The Journey of Entrepreneurship: Challenges and Surprises

02:31 Learning from Others: Strategies for Success

03:27 The Struggle for Traction: Millionaire University's Story

05:41 The Importance of Quitting and Refocusing

06:02 The Risk and Reward of Doubling Down

06:23 The Narrowing of Focus: Growing the Podcast

07:41 The Emotional Rollercoaster of Entrepreneurship

13:53 The Power of Business: Impacting Lives

17:15 The Importance of Traction in Business Growth

18:35 Contemplating a Risky Decision

19:03 The Big Leap: Selling Our Home and Traveling the World

19:42 Overcoming Personal Challenges for the Adventure

20:00 The Financial Strategy Behind the Decision

20:34 Facing New Problems and Embracing Change

21:03 The Plan: Minimalism and Exploration

21:29 The Business Side: Growing While Traveling

21:45 The Power of Podcasting and Sponsorships

23:12 The Hourglass Strategy: From Broad to Niche

25:46 The Power of Persistence and Learning from Failure

28:47 The Potential of Exponential Growth

31:03 The Importance of Starting Simple and Focusing

33:43 Understanding Your Resources and Strengths

34:41 The Importance of Pivoting and Letting Go

35:03 Conclusion: The Millionaire University Podcast

For more information go to MillionaireUniversity.com

To get access to our FREE Business Training course go to MillionaireUniversity.com/training.

And follow us on:

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Youtube

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To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

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