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Recent content by Lion Identity

  1. Lion Identity

    My ex business partner stole 50'000US$ from me, what should i do?

    OFF-TOPIC 
    Hey my friend, I've been there in a similar situation, it was about $200k in Tonga with a guy named Fukalata, I kid you not! Something similar happened to Mark Cuban, cut ties, move on, it's a lesson learned, don't waste time holding on to it like I did. I have since moved on and created 2...
  2. Lion Identity

    From Flat-Broke to Financial Freedom: How to Get Started When You Have No Money

    GOLD! HOT! 
    No idea if this is appropriate, but I have started 3 multi 7 - figure businesses, each time I went through a debt funding market place with 0% for 15 mths to build up each business. I have since created a funding marketplace that has secured hundreds of millions for thousands of business owners...
  3. Lion Identity

    RECESSION-PROOF Business Models?

    HOT! 
    Subscription models of all types where a customer pays monthly is the most recession proof. Our man MJ talks a lot about those. You will need ample capital to survive as a business owner. We provide custom funding plans including lines of credit which are the best tool for owners to cover any...
  4. Lion Identity

    Whats a service business worth

    Read the book, "built to sell" it covers this well.
  5. Lion Identity

    $500K Opportunity - Need help with taxes

    TAXES | REGS 
    I'm not sure why people get things so confused, I have several strategic partners who are CPA's, frankly I seem to have more knowledge than 90% of them, here's how it is: C Corps are for companies that are going public (IPO) or getting VC money S Corps are for pretty much everything else if you...
  6. Lion Identity

    $500K Opportunity - Need help with taxes

    TAXES | REGS 
    Set up an S corp and pay yourself a w2 salary that is reasonable and you will avoid all self employment taxes, it's one of the keys I share with my clients nearly every single day.
  7. Lion Identity

    Are The Sharks Going Broke?

    HOT! 
    The thing that's funny is that I have probably invested over $100,000 in books, online programs, mentoring and sponsoring events that didn't really make that much for my business and all of that has not given me a more clear path to create a $100 million dollar business than "the Millionaire...
  8. Lion Identity

    WeWork Sunk Cost Fallacy

    Great questions, there are some companies that have been losing billions and eventually become very profitable or at the very least through an IPO at least stop losing money. The well known FAANG stocks, Facebook, Amazon, Apple, Netflix and Google are the perfect examples of companies that...
  9. Lion Identity

    How to find investors for my lawn care company

    HOT! 
    Instead of giving away equity for investment, and due to the fact that a service business like that can be difficult to find investors for, it may be prudent to search for financing based on your credit, income and business profile. If you need assistance with that I can help, but with your...
  10. Lion Identity

    Are The Sharks Going Broke?

    HOT! 
    Agreed, Patrick Bet-David provides amazing value, watch the videos on his youtube channel and you will learn a lot of action steps to build a business. Jordan is awesome at sales. I was one of the first to buy Grant Cardone's Cardone U, it has great sales content (better at the 1k price I paid...
  11. Lion Identity

    Are The Sharks Going Broke?

    HOT! 
    I recommend you read it, he's built a business that generates $150MM+ in recurring revenue, that is the quintessential CENTS business right there. Building a culture and a group of like minded people is a powerful way to create a CENTS business and one that is worth studying and learning from...
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