Recently I met with a friend of mine who has been looking at selling his pizza business. He took it over right before the pandemic from the previous owner who had run it for 13 years.
He was able to turn around and get it running right and has made enough money to basically pay off what he owed on it in a year (during the pandemic) and currently brings in about $1mil a year. He is thinking about selling out because he is more of the Jon Taffer personality. He went in fixed up the business got it running like it was supposed to, and now he's kind of bored with the whole project and is looking for something new.
I have been looking to add another stream to my income, but the downside is that it's 2 hours away. Does anyone have any experience running a brick-and-mortar business remotely? He's still looking at about a 2 year timeframe before he gets out, so there may be a way to work out systems and processes, but I don't know if it would be worth trying to attach my name to it with the distance hurdle.
Thoughts?
He was able to turn around and get it running right and has made enough money to basically pay off what he owed on it in a year (during the pandemic) and currently brings in about $1mil a year. He is thinking about selling out because he is more of the Jon Taffer personality. He went in fixed up the business got it running like it was supposed to, and now he's kind of bored with the whole project and is looking for something new.
I have been looking to add another stream to my income, but the downside is that it's 2 hours away. Does anyone have any experience running a brick-and-mortar business remotely? He's still looking at about a 2 year timeframe before he gets out, so there may be a way to work out systems and processes, but I don't know if it would be worth trying to attach my name to it with the distance hurdle.
Thoughts?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
