After college, Grussing founded RootSuit — a vendor of skin-tight spandex bodysuits that landed him on "Shark Tank." Next, he created a dealership of motorcycle sidecars sourced from India. Though these endeavors bear little in common other than the impulsive passions of their inventor, each has turned a sizable profit.
At the age of 28, his businesses — and a handful of strategic investments in real estate — had earned Grussing enough passive income to retire, he said. This was a path he seriously considered before realizing that it was the entrepreneurial process that fueled him more so than the financial returns.
Acknowledging that none of his proposed businesses are conventional in any sense of the word, Grussing said his strength lies in creating quick cash flow in tandem with fun and meaningful experiences. "What I specialize in is bootstrapping an idea, turning it into cash, and then adding it to my portfolio," he said.
http://www.businessinsider.com/this...a-new-business-every-week-for-one-year-2014-4
At the age of 28, his businesses — and a handful of strategic investments in real estate — had earned Grussing enough passive income to retire, he said. This was a path he seriously considered before realizing that it was the entrepreneurial process that fueled him more so than the financial returns.
Acknowledging that none of his proposed businesses are conventional in any sense of the word, Grussing said his strength lies in creating quick cash flow in tandem with fun and meaningful experiences. "What I specialize in is bootstrapping an idea, turning it into cash, and then adding it to my portfolio," he said.
http://www.businessinsider.com/this...a-new-business-every-week-for-one-year-2014-4
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?
