Most of Naval ideas are coming from Charlie Munger, but Naval put them in a very easy pills.
Take what serves you and discard if something does not work for you, including this advice (in fact this is another Naval trick)
Naval Ravikant is a millionaire tech entrepreneur and investor.
He includes valuable information on twitter. Maybe he does not say anything new, but he explains it in very valuable pills to remember.
He talks about the ideas of leverage, time, freedom, etc.
He has a famous thread called...
Yes @ZCP my experience has been like this. The owner when he has taken confidence with us has shown us gratitude for helping him to expand the company.
We are currently creating the web with online shopping, managing to include the product in Amazon and talking with fishing societies, many of...
Because the owner saw that his business would die, he has allowed us to re-launch it at no cost to us, sharing the benefits with him and his son.
So he will continue in the business, teaching and advising us, what is basic for the success. While we focus on improving marketing, sales...
Everything seemed finished but my friend is trying to convince the business owner to allow us to boost his business by creating a society where he would receive a percentage of the profits and we would put the work.
We have realized that he doesn't want his business to disappear, and...
Yes. He agrees to spend a few months teaching the business. Although the machines have been invented by him, work is now mechanical. While learning everything is essential to be able to run the business.
Thank you guys. I said "NO" to this business, for everything explained and also because...
Thank you very much for all the answers.
I see that in general you agree with my decision to say no, principally for the following reasons:
- Indebt you only see it good if it is for a low percentage of your assets and for a business that you know perfectly and have the cash flows very...
I have an opportunity to buy a business.
Maybe it is not a good idea, since the best thing is to create a business, not buy it.
Having said that, I will comment on the detail to see what you think:
This is the business of an old artisan who creates fishing lures with some mechanical machines...
Warren multiplied his wealth with his partnership including his money and friends/ family money. He set a minimum annual return of 6% and if he did not get it he did not charge anything, but above this limit he got 1/4 of the profits (25%). In the years that this partnership lasted, it made net...
After almost year and a half with the fund things move forward but slowly. Last year was a complicated year for the stock markets and that made the plan slow down.
Today the income is low, I can live with them in a sufficient way. This business takes time and trust. I have good contacts but...
This thread is very interesting because it deals with business and personal aspects.
The situation that you have to solve is at a mental level, asking what you want in life, and from that point it will be easier to see how you face the business side.
You have a "business" with poker that...
The right mindset needs to be fixed in the long term, as MJ says it is a multi-year project.
I open this thread for us to comment on the years it takes to reach success, to encourage us in the short term to achieve long-term goals.
This thread is insane, congrats Alex.
I am especially surprised that you have been able to overcome the great competitor that is Amazon. I see it as someone with whom it is impossible to compete, although this thought is perhaps what makes an opportunity in e-commerce.
What do you think?
Thank you guys for answer.
I think, as everything in life, it's about priorities, and I have mine very very clear.
And we must communicate it to our environment and those who really are worth it, they will understand.
For a while now I have been totally focused on the fastlane, as I tell in my presentation:
INTRO - In the fastlane, now I need speed up
I dedicate all day to my project and to read to improve. Although I see friends from time to time, they continue with the sidewalk or slowlane mentality...
I'm reading again TMF and I'll follow Chapter 44 advise "Choose monogamy over polygamy". I really like this sentence "The richest people in the world got rich by focusing on one core purpose, not by diverting focus".
Best accelerator is focus.
Thank you MJ, I will never stop learning from you.
I read Millionaire Fastlane and it really changed my life. I have always sought freedom and this book opened my eyes, and that I had studied the useless degree in Business Administration.
I have read some posts of this forum and I feel like at home, I really appreciate it since the...