Starting the journey to acquire a new business? It's vital to set the stage by defining your Perfect Business Criteria. Here are the 5 key factors I'd consider:

1️⃣ Self-Assessment: Remember, you are the linchpin of this endeavor. Ensure you genuinely enjoy the business, have a compelling reason for it, or possess relevant pre-acquisition skills.

2️⃣ Industry Research: Dive into the industry to confirm its growth potential. Look for opportunities and compile lists of businesses that align with your goals.

3️⃣ Role and Value-Add: Clearly define your desired role in the business and how you'll add value. Your unique touch can make all the difference.

4️ EBITDA Range and Ideal Multiple: Set your financial parameters by deciding on an EBITDA range and the ideal multiple you're aiming for.

5️ Operation Style and Location: Determine how you'll operate the business—whether remotely or with an operator. Your chosen location should align with your operational strategy.

By nailing down these five factors, you'll significantly narrow your search and pave the way for finding the perfect business acquisition. Ready to embark on this exciting journey? 🚀📈

#BusinessAcquisition #Entrepreneurship #PerfectBusinessCriteria #IndustryResearch #EBITDA #ValueAdd #LocationStrategy #Podcast

Another week, another stride toward the new 1%! Here's what's been cooking:

1️⃣ Community Commitment: I've been busy crafting content and made a bold commitment to have my VA slide into DMs, offering our free Professional Development courses. It's a win-win, with quick cash flow for her, top-tier advertising for the New 1%, and a strong setup for the Sober Living venture.

2️⃣ Cold DMs on the Horizon: My trusty Virtual Assistant has been doing some editing and got the memo that Cold DMs are on the horizon. Exciting times ahead!

3️⃣ Sober Living & Business Credit: Our business credit is locked and loaded, coming in at 19k, which falls slightly short of our target. However, future credit options are in the pipeline, waiting for the business to take off.

4️⃣ Private Money Magic: I've been hard at work building more connections with private money lenders. The hunt for deals is back on!

5️⃣ Rehab Centers Outreach: An intriguing idea popped up while reading a book—reaching out to rehab centers to fund my Sober Living acquisitions. I'm on the hunt for a substantial list to make this idea a reality.

Stay tuned for more updates on the journey to the new 1%! What's your week been like? Drop a comment and let's compare notes! 🚀📈

#New1Percent #EntrepreneurJourney #BusinessGrowth #Podcast #CommunityBuilding #BusinessCredit #DealHunting #PrivateMoney #RehabCenters

Ever wondered why it's easy to accept lacking something you want, yet challenging to embrace having it? 🤔

Zig Ziglar's wisdom sheds light on this paradox: "You can have everything you want in life if you just help enough other people get what they want." 🌟

That's where community investing comes into play. Gather a group of 3-6 like-minded individuals and craft a tangible plan to attain your desires. 📈

Ask yourself two pivotal questions:

1️⃣ Who do you need to assist?

2️⃣ How can you aid them without depleting your time or resources?

Remember, if you lack something, it may be because you're not helping enough people achieve their desires. It's time to break free from selfishness and become a consistent giver. 🤝

Tune in to the podcast for insights on vanquishing limiting beliefs, fostering a sense of community, and crafting clear action plans to manifest your dreams! 🎙️

#AbundanceMindset #CommunityInvesting #HelpOthersSucceed #Podcast #PersonalGrowth #Entrepreneurship

1️⃣ Mastering the Art of Retreat: Just as Jesus retreated from crowds and Washington strategically withdrew during battles, great soccer teams shift into a defensive stance to safeguard their lead. Retreat when necessary.

2️⃣ Activity vs. Accomplishment: Recognize that mere activity doesn't guarantee accomplishment, echoing the wisdom of John Maxwell. Understand the distinction and focus on results.

3️⃣ Strategic Action: These legends also knew when to take action. Jesus embraced the cross, Washington led armies into battles, and soccer teams attacked the goal. Timing is crucial.

By learning when to retreat wisely from ineffective strategies and when to act decisively on opportunities, you can maximize your business impact and cash flow. Tune in to the podcast for more insights! 🎙️

#Entrepreneurship #LeadershipLessons #StrategicRetreat #ActionMatters #Podcast #Inspiration

Uncover the incredible journey of George Soros, the man who survived WWII in Nazi-occupied Hungary and later broke records with his financial prowess:

1️⃣ The Birth of a Hedge Fund Maverick: Discover how Soros launched his hedge fund in 1970 after surviving turbulent times during the war.

2️⃣ A Billion-Dollar Bet: In 1992, he made an audacious bet against a currency and walked away with a staggering $1 billion in profit.

3️⃣ The Theory of Reflexivity: Delve into the cornerstone of Soros's success, his theory based on understanding the cyclical nature of human interaction with the market.

4️⃣ Philanthropic Powerhouse: Learn how Soros channeled his success into creating a vast network of foundations, contributing $32 billion to philanthropic causes and making an impact of $1 billion annually.

Harness the wisdom of George Soros to make impactful bets and gain insights into human nature. Tune in to the podcast for more valuable lessons! 🎙️

#GeorgeSoros #FinancialSuccess #Philanthropy #InvestingWisdom #Podcast #Inspiration

Discover how to buy a cash-flowing business worth $150,000 for just $24,500:

1️⃣ Strategic Investment: Secure an SBA loan with 10% down to acquire an organic waxing & lash studio in Austin, TX, priced at $245,000.

2️⃣ Crunching the Numbers: Dive into the details with a $220,500 debt, manageable $3,400 monthly payments, and a solid $109,000 leftover after debt payments each year.

3️⃣ Key Considerations: Explore potential red flags like the absence of real estate and franchise ownership, and highlight strengths such as seller financing, training, and a loyal clientele.

4️⃣ Assemble Your Team: Underwrite the deal with your accountant, lawyer, equity partner, and a due diligence company.

Seize this opportunity and unlock the potential to expand your business empire with more locations!

Tune in to the podcast for pro tips on nailing this deal! 🎙️

#BusinessInvestment #CashFlow #SBA #BusinessAcquisition #Podcast #SuccessTips

Unlock the secret to skyrocketing your email response rate and securing positive replies:

1️⃣ Email Power Moves: Connect with sober living operators and enhance their tenant offers while generating cash flow.

2️⃣ Crafting the Perfect Offer: Refine your consulting pitch to a lower ticket, recurring model, and reimagine your freebie.

3️⃣ Value-Packed Freebie: Present operators with a free professional development course that instantly benefits their tenants.

4️⃣ Win-Win Relationships: Operators gain value without effort, tenants receive professional development, and you build valuable connections.

5️⃣ Monetization Potential: Charge $10-15 per bed for advanced courses or explore full consulting packages.

Offer something they'd pay for, deliver rapid value, and build your funnel for incredible results! 💥

Ready to level up your email game? Tune in to the podcast! 🎙️

#EmailMarketing #ResponseRate #Freebie #BusinessGrowth #Podcast #SuccessTips

Discover the power of mentorship with these 5 game-changing steps:

1️⃣ Find someone a few steps ahead of you in the right places—LinkedIn, Associations, or even podcasts.

2️⃣ Craft a compelling value proposition specific to the mentor. Highlight how their presence can elevate both of your journeys.

3️⃣ Paint a clear picture of the mentorship relationship you envision—what you'll learn, how it'll work.

4️⃣ Set up a meeting and present your value proposition for free. Showcase the potential for mutual growth.

5️⃣ Align incentives to ensure it's a win-win scenario.

By following these steps, you'll navigate your entrepreneurial path with fewer bumps and fewer unnecessary pitfalls.

Ready to unlock your full potential? Tune in to the podcast now! 🎙️

#Mentorship #EntrepreneurialJourney #SuccessTips #Podcast #BusinessMentor

Another week of exciting developments on the road to the New 1%! Let's dive in:

📚 In the community realm, we've been busy creating valuable content and contemplating the potential of Free Professional Development Courses as lead magnets. A shift in perspective that could open new doors.

🖥️ Our trusty Virtual Assistant has been hard at work editing content, while we've been fine-tuning our Cold DM processes, especially for the new freebie.

🏠 As for Sober Living, we've made some promising moves. We've gained access to an exclusive Facebook Group boasting 82 members with capital to deploy—relationships are in the making.

💳 Business Credit Approvals have been rolling in throughout the week, and we're eagerly awaiting the final number at our disposal.

🤝 A productive meeting on the horizon that could potentially lead to a few lucrative deals. Exciting times!

🎟️ We've smoothly transitioned to a lower ticket offer and successfully secured our first taker for the freebie.

📩 With revenue flowing in from automatic emails, we're preparing to move our VA to Direct Messages (DMs).

That's a wrap on my week, forging ahead on the journey to the New 1%. How's your journey looking?

#New1Percent #Entrepreneurship #BusinessDevelopment #ProgressUpdate #Podcast

Ever feel stuck because a few hundred dollars per month seems like a drop in the ocean when it comes to building wealth? 🌊

Let's break free from that One-Dimensional Thinking that tells us $2,400 invested annually won't yield 1 Million dollars in 40 years—because it's true!

👥 But what if six people joined forces? Suddenly, that $200/mo becomes $1,200/mo, opening doors to financial opportunities.

🚀 Leverage technology, maximize the collective learning, and develop a valuable skillset.

🪙 Then, offer a service with higher earning potential. The additional income allows you to scale your business and hire a team.

💸 In just a year or two, that initial $1,200/mo can turn into an extra $10,000/mo. Compound it at 10%, and you'll see significant growth.

📈 Scale your business to $60,000/mo with minimal risk—only $200/mo and 10-15 hours per week.

Tune in to the podcast as we explore breaking free from One-Dimensional Thinking, tapping into community income, and the power of starting early on your wealth-building journey. Your financial freedom awaits!

#WealthBuilding #FinancialFreedom #InvestmentStrategies #Entrepreneurship #Podcast