What's new

Search results

  1. CPisHere

    ? On Business Debt, Debt Coverage, Debt/ Equity Ratio

    I started my first business, retail store, with an SBA Loan of $65k, and have used debt to grow it but am aggressive with paying it down. If I decide to open another store, or do any other major initiatives, I will use debt to do so. But I'd rather limit debt/put as much money as possible back...
  2. CPisHere

    Buckle Up.

    EXECUTION 
    Elon's Musk is working on some copy for me now. Looking forward to the results!
  3. CPisHere

    Running an Equipment Rental Business

    It's the same deal. Your financing terms & margins make a huge impact.
  4. CPisHere

    Running an Equipment Rental Business

    Just warning you, Equipment Rental can be a great business but requires HUGE capital investment & is difficult to actually pull money out of the business.
  5. CPisHere

    Lead Gen for Local Service Businesses

    HOT! MARKETING 
    Andy Black, any recommendations for finding a website developer for a local service business with a focus on conversions? What about getting help with managing adwords account?
  6. CPisHere

    Margaritaville (I've Bought A Golf-Course!)

    GOLD! MINDSET 
    Wow! And I wondered why golfing was so expensive... Did you have additional capital available & set aside for this type of investment when you bought the golf course? Or is this new loans based on your financial performance? Aside from the purchase price, what are the capital...
  7. CPisHere

    Whole-Child Curriculum to Change the World of Education

    EXECUTION 
    You are much better off going after the existing market of home-schoolers rather than trying to create a new market by convincing people to home-school (or whatever your plan is) with your material. I think your plan is too large for starting, and the order is wrong. Start with the existing...
  8. CPisHere

    Opportunity to Buy B&M Biz for $575k

    Somebody else dug this one up, but figured I would go ahead and give an update. To provide more context, the asking price was high because the owner had gotten herself in a lot of debt by trying to keep a different failing location open. I wasn't in a position financially to take this headache...
  9. CPisHere

    Opportunity to Buy B&M Biz for $575k

    This thread is 3 years old. They were asking way too high of a multiple, and though I could have made a low-ball offer I walked away. Someone else bought it, and it seems to be doing worse now than with the previous owner.
  10. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    Thank you MJ. I can honestly say two books had a huge impact on me before starting down this road (Rich Dad Poor Dad & The Millionaire Fastlane). Rich Dad Poor Dad woke me up from the illusion and status quo of a middle class life. TMF helped me understand what starting a business really meant...
  11. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    That's how I should have handled it.
  12. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    A SMART goal is an okay starting place, but it's just not real helpful to achieving the goal. Fine, set the $X million net worth goal, but then choose a system to achieve it and focus on that. Nick Saban, football coach at University of Alabama, may be the greatest practitioner of this...
  13. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    I loved Ready, Fire, Aim. I personally have found Scott Adam's SYSTEMS approach much better than setting goals. Here's a blog post he wrote about it, but I highly recommend his book (and his recent series about Trump is the most fascinating thing I've ever read)...
  14. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    Okay okay I was unnecessarily rude and should shut up so I'll do that now.
  15. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    I realize I'm being a dick, but whatever... Do you take dieting advice from fat people?
  16. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    I have the humility to not give people more successful than me advice on how to be successful.
  17. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    People don't appreciate more money or presents for very long. They remember being appreciated. But you can't forget that they are EMPLOYEES and as much as we like to pretend otherwise, it is an inherently adversarial relationship.
  18. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    Guess I failed.
  19. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    I don't want to be rude, but are you in a position to be giving me advice?
  20. CPisHere

    Intro to a future penta-millionaire

    HOT! 
    Just in case someone stumbles across this.... Here we are 5 years later. My plan was to quit within a year and a half. I haven't quit yet (but 100% will by the end of the year - though it will be to run a different business I recently bought). I wanted 10 stores & $6million within 10 years. I...

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom