In this episode, Timmy Douglas outlines a smart strategy to acquire a dental practice, securing a substantial annual cash flow with a minimal upfront investment of $49,500.

Key Points: Timmy's approach to purchasing a dental practice:

Partnering with a Dentist: Collaborate with a dentist, ideally someone you know, and clarify financial and operational terms for your minority shareholder role.

SBA Loan: Access an SBA loan with only 10% down (a $445,500 loan) to buy the practice.

Cash Flow Management: Ensure that the practice's cash flow can comfortably cover the monthly $10,000 debt payments, leaving you with a surplus of $177,000 for salaries or growth.

Identifying Red Flags: Investigate any potential concerns within the dental practice, such as its limited operating days and employee retention during increased hours.

Value-Adding Opportunities: Exploit the absence of marketing efforts and the positive word-of-mouth reputation to capture market share and elevate the practice's brand.

Team Involvement: Engage professionals like an accountant, lawyer, equity partner, and potential due diligence company to support your acquisition.

By following these steps and building a robust network, you can acquire a dental practice, generate substantial cash flow, and embark on a profitable venture with an initial investment of just $49,500.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

In this episode, Timmy Douglas explores the strategies Taylor Swift used to become a global influencer and applies them to market research and influence within your niche.

Reel: Timmy highlights how Taylor Swift's presence at a Chiefs game significantly increased ticket prices. He emphasizes the power of understanding your market to exert influence within your niche.

Key Points: Timmy examines Taylor Swift's success and how it relates to market understanding:

Taylor Swift's Influence: Taylor's music resonates with people worldwide because she writes songs addressing universal pain points and ideal outcomes. Her ability to connect with her audience showcases the impact of market research.

Alternative Approaches: Timmy acknowledges that being the market itself isn't always feasible. He suggests alternative approaches:

By deeply understanding your market and connecting with their pain points and desires, you can gain influence and build a thriving niche, similar to Taylor Swift's influence in the music industry.

Join The New 1% soft launch team at workwithtimmydouglas.com

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In this episode, host Timmy Douglas emphasizes the significance of readiness when closing real estate deals, sharing a personal experience that underscores this importance.

Reel: Timmy shares a past incident where he was unprepared to close a real estate deal, leading to strained broker relationships and missed opportunities. This episode highlights the critical lesson of proper preparation in real estate transactions.

Key Points: Timmy's story teaches a valuable lesson:

The Need for Preparation: Timmy recounts his attempt to syndicate multifamily properties, believing that investors would readily join if he found a good deal. He discusses a 16-unit multifamily property he had under contract but couldn't close due to a lack of committed investors.

Preserving Broker Relationships: Failing to close made Timmy's broker friend look bad, straining their relationship and preventing future deals. Timmy stresses the importance of readiness for closing and maintaining positive broker relationships.

Podcast: Timmy offers practical advice on being prepared when closing real estate deals:

By following these principles and maintaining readiness, you can avoid pitfalls, strengthen broker relationships, and seize opportunities.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

In Week 3:

**Updates:**

- Designed a new logo with a friend.

- Focused on content creation.

- Delegated website edits to a VA.

- Shared property lists for the Sober Living project with Private Money Partners.

- Realized the need to restructure private money arrangements.

- Considered the potential of house hacking.

- Experienced communication challenges with a family office contact.

**Podcast Insights:**

- Upcoming tasks include social media editing, course finalization, and innovative advertising with a community investing model.

- Seeking more feedback from Private Money Partners.

- Discussed setbacks and frustrations related to restructuring and how it led to exploring house hacking.

- Emphasized the importance of trust and relationships in business.

Building trust and strong relationships are key in the journey to the new 1%.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

Join host Timmy Douglas in this episode of The New 1% Podcast, where he unveils a brilliant strategy for purchasing turnkey businesses with a group of friends. This innovative approach allows you to pool resources and achieve financial freedom together.

Reel: Timmy introduces an exciting idea for those seeking financial freedom. By gathering a group of 3-5 friends and combining your disposable income into an LLC, you can collectively invest in turnkey businesses. These businesses are easy to run, with existing staff, simple operations, and the potential to hire an operator or retain the current owner.

Key Points: Timmy breaks down the key steps to buying turnkey businesses with friends:

Podcast: In this episode, Timmy discusses the types of businesses suitable for this strategy, including service businesses, educational businesses, subscription-based websites, and SAAS businesses. He also explores the importance of contributing as much disposable income as possible and the benefits of reinvesting all cash flow generated by your acquired businesses.

Timmy offers insights into the hiring process, suggesting options such as hiring an agency or reading books on the subject. He also hints at valuable resources, including content from Leila Hormozi, known for her expertise in this area.

Listeners will come away with a clear understanding of how to leverage collective resources, buy turnkey businesses, and work towards financial freedom alongside friends.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

In this episode of The New 1% Podcast, host Timmy Douglas dives deep into the detrimental effects of lacking focus in both business and life. He explores how a scattered approach can lead to self-sabotage in three key ways.

Reel: Timmy begins by shedding light on the three significant ways in which a lack of focus can hinder success. He emphasizes the importance of concentration, embracing failure, eliminating procrastination, and building positive momentum as essential strategies for overcoming self-sabotage.

Key Points: Timmy outlines the three major pitfalls of lacking focus:

Podcast: Throughout the episode, Timmy shares practical insights and strategies to help listeners regain their focus and avoid self-sabotage. He addresses common misconceptions about multitasking and emphasizes the benefits of concentration.

Timmy also offers actionable advice on embracing failure, eliminating procrastination, and building positive momentum. By the end of the episode, listeners will have a clear understanding of how to overcome self-sabotaging habits and achieve their goals with greater focus and determination.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

In this episode of The New 1% Podcast, host Timmy Douglas shines a spotlight on the Lilly family and their extraordinary legacy of philanthropy and impact through the Lilly Endowment.

Reel: Timmy begins the episode by sharing the remarkable story of how the Lilly Endowment donated $5.5 million to Gleaner's Food Bank, thanks to the Lilly family's success in the pharmaceutical industry. He highlights the positive aspects of their philanthropic efforts and the broader impact they have had.

Key Points: Timmy explores key points related to the Lilly family's legacy:

Podcast: Throughout the episode, Timmy delves into the Lilly family's journey, their commitment to creating positive change, and the various initiatives funded by the Lilly Endowment. He inspires listeners to identify pain points they can address and urges them to get involved in making a difference while momentum is building.

By drawing parallels between the Lilly family's success and their own aspirations for impact, listeners will gain insights into how they can contribute to positive change in their communities and beyond.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

In this episode of The New 1% Podcast, host Timmy Douglas shares a strategic approach to purchasing a business that generates $179,000 in annual cash flow for an investment of only $25,000.

Reel: Timmy starts the episode by directing listeners to BizBuySell.com and introducing them to a specific opportunity: a massage school in the DFW area. He highlights the importance of assessing competition and demand while considering the business's positioning in the market.

Key Steps: Timmy outlines the key steps involved in this business acquisition strategy:

Podcast: Throughout the episode, Timmy addresses listener questions, such as how to clarify competition and gauge demand, what to look for in expenses, and how to differentiate the offer effectively. He also explores ways to help massage therapists succeed in their careers and make money beyond just becoming massage therapists.

Listeners will gain valuable insights into this unique business acquisition opportunity and learn how to approach similar deals successfully.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

In this episode of The New 1% Podcast, Timmy Douglas draws inspiration from Fortnite, the popular online game, to explore how you can keep customers engaged in your business for longer durations.

Reel: Timmy starts the episode by highlighting the ultimate goal in Fortnite, a "Victory Royale," and how many players struggle to achieve it consistently. He then introduces the concept of reinforcing customer engagement in business to achieve longer-lasting success.

Fortnite's Approach: Timmy explains how Fortnite keeps players engaged by rewarding them with XP (experience points) for every action they take, making them feel like they're progressing towards their ultimate goal. This strategy is then linked to business principles.

Increasing Customer Speed to Win: Timmy emphasizes the importance of speeding up a customer's journey toward their goal. To do this, he suggests making a list of ancillary benefits that customers will experience along the way and celebrating these achievements.

Podcast: Throughout the episode, Timmy addresses key questions, such as how to determine ancillary benefits, reward customers for their progress, and touch on core human needs. He also explores the role of limiting beliefs and how they can hinder people from taking action.

Listeners will gain insights into how to apply Fortnite's engagement strategy to their businesses, ultimately keeping customers engaged for longer periods and achieving success.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE

In this episode of The New 1% Podcast, Timmy Douglas reveals an innovative approach to acquiring a business with zero personal capital by leveraging your network.

Reel: Timmy kicks off the episode with a powerful promise – teaching you how to buy a business without using any of your own money, solely through your phone network.

5-Step Strategy: Timmy lays out a practical 5-step strategy:

1. Create Your List: Start by identifying 30 potential contacts in your phone who are likely to have $50,000 or more in capital.

2. Reconnect and Prioritize Relationships: Reconnect with these contacts, focusing on building and nurturing genuine relationships.

3. Share Your Career Goals: Gradually steer the conversation towards your career aspirations and mention your interest in buying a business.

4. Present a Hypothetical Deal: In a concise 60-120 seconds, explain the basics of a hypothetical business deal, including valuation and cash flow.

5. Ask for Referrals: Close by asking if they know anyone interested in such an investment, creating opportunities for referrals.

Podcast: Timmy addresses questions about targeting the right individuals, finding communities of entrepreneurs, and what a hypothetical business deal might look like. He also discusses growth strategies for the acquired business and emphasizes the importance of following up with potential investors.

This episode offers a powerful blueprint for aspiring business buyers to leverage their network and secure funding without using their own capital.

Join The New 1% soft launch team at workwithtimmydouglas.com

If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE