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DeletedUser2
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<div class="bbWrapper"><b><span style="font-size: 22px"><i><span style="color: #0000CD">WHAT TO DO IF YOU HAD TO START OVER</span></i></span></b><br />
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Someone emailed me recently and asked this question.<br />
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I slapped this out as a reply but thought it would make a good post, on starting over <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /><br />
Z<br />
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If you had to start all over again from day one with very little money in your account but knowing what you know now how would you start? Real estate, online business? Service business? and then roll things over into investments?<br />
I hope to hear back from you soon.
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knowing what I know now. <br />
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I would do 1 of 2 things.<br />
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if real estate, I would get a night job, as a janitor, to pay my own food etc.<br />
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Then I would hustle during the day for a big real estate guy, for FREE. for about 2-3 months. then I would go to him and say, Have I proved enough value that I can be included in your next couple of deals as a partner or small owner?<br />
I would spend the next year working my a$$ off for him, and get in on 6-10 deals, with an nice little cash flow, and now have all his contacts. I would then launch my own deals, using his money sources, and donate back to him a 10-15% per deal equity piece for the next 2 deals.<br />
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then I would be on more or less equal footing as him in about 1.5 yrs. and have a couple million in real estate. and enough cash flow to not work a job (janitor job would have only lasted 3 months)<br />
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Then, I would grow a real estate empire to about 20-50M over the next 5 yrs. as a general partner/manager. I should be up to just under 1M a year in income then. and then I would hire great real estate guys to run the firm. and 1 guy to go to wall st, and raise 100M in lines of credit and equity share. build to 200M in just under 10 yrs. and either retire on the income or turn it into a reit or sell it off.<br />
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OR<br />
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I would do the online thing.<br />
I would get 10 people to pitch in money, at a high rate of return, Go to all my affiliates, have them make me pages that convert well. rip them for me. and launch a supplement. run straight sale, and trials till I hit 1M a month. I would outsource every thing I could except accounting, run super lean<br />
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I would expand into multiple countries, to reduce the risk of FTC backlash, expand into multiple product verticals, all that do well via Direct response, tie down my core processes, and build additional companies around them. (all the companies we use now, would become in house owned. fulfillment, call center, processing/ISO Traffic, affiliate networks) then slowly extract myself out of the US while We grow the company.<br />
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eventually I would have a whole ecosystem that supported my core business in a way, that reduced costs, and became a profit center for others who were seeking to use our highly effective services (because I hired expert specialists to run each) then I would take it public in 1 or 2 markets, (us and Canada) so I could create a competitive environment for both companies, as they each sought to soak up market share but flowing up to me as the primary owner of both. <br />
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as profit flowed to the company, I would seek to mentor other individuals who I could retain 15-35% of their company, as I mentor them, and become their first investor check. thus growing a steady stable of promising companies, that have learned my lessons, much faster. and as they grow to profitability, taking home mail box money for decades after helping young guns, launch their business.<br />
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Oh, wait. we are already doing the 2nd one....<br />
<img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /><br />
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then I would go back to Belize and buy islands again. and build out high end private estates, and sell them fractional ownership style. <br />
<img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /><br />
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Hope this helps.<br />
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Z</div>
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