Right now I'm leveraging my time and small savings into a few e-businesses as well as small real estate ventures (mobile home investments/real estate wholesaling, etc.) But I don't plan to make millions this way.
It took me about two years to truly put a name on the industry I wanted to enter, but I finally figured out that it's the hospitality industry that's for me. I read Conrad Hilton's biography and realized how interesting the hotel industry is. Then after my sister got a job as a bartender, I met the owner (who is a young entrepreneur) and learned about the business aspects of pubs/bars. Most recently I went to a nightclub (which isn't normally my style) for a fundraiser and I was amazed how packed it was and how lucrative the alcohol sales were. All through this learning phase I kept apartment investing in the back of my mind as well.
But it wasn't until I read about Sam Nazarian that I believed I could do all of these things. Nazarian's company (SBE) acquires and develops hotels, clubs and apartment buildings.
The hospitality industry is interesting to me because the "product" is to provide an enjoyable time. I don't think there are many business models like it.
This type of business is definitely difficult to enter, that's why I plan to start small (pubs before nightclubs, small hotels then large, etc.) but through bootstrapping, savings and creative financing I think I can do it.
It took me about two years to truly put a name on the industry I wanted to enter, but I finally figured out that it's the hospitality industry that's for me. I read Conrad Hilton's biography and realized how interesting the hotel industry is. Then after my sister got a job as a bartender, I met the owner (who is a young entrepreneur) and learned about the business aspects of pubs/bars. Most recently I went to a nightclub (which isn't normally my style) for a fundraiser and I was amazed how packed it was and how lucrative the alcohol sales were. All through this learning phase I kept apartment investing in the back of my mind as well.
But it wasn't until I read about Sam Nazarian that I believed I could do all of these things. Nazarian's company (SBE) acquires and develops hotels, clubs and apartment buildings.
The hospitality industry is interesting to me because the "product" is to provide an enjoyable time. I don't think there are many business models like it.
This type of business is definitely difficult to enter, that's why I plan to start small (pubs before nightclubs, small hotels then large, etc.) but through bootstrapping, savings and creative financing I think I can do it.
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?
