E3: What would your life look like if you could build multi-million dollar businesses around the things you love and hobbies you can’t get enough of?
How much more joy would you have if you could tie your financial freedom to your personal passions.
Is it even possible? And if so, how should you get started?
Join host Jake Richards (@JakeMRichards) as he sits down with personal holding company expert Yong-Soo Chung (@YongSooChung).
From a humble start sleeping on an air mattress in his friend’s San Francisco apartment, to building what he calls a “lifestyle business on steroids”, Yong-Soo has transformed his hobbies into a staggering $6.5 million annual revenue business portfolio.
Discover his innovative strategies for turning everyday passions into a thriving Personal Holding Company, and learn how you can do the same.
Topics discussed:
- The Personal Holding Company philosophy
- Why solopreneurship is a bad idea and what to do instead
- How to turn your business cost centres into profit centres
- Mastering Yong-Soo’s proprietary MAPS framework for scaling business success
- How to spot and ride emerging macro trends to launch profit maximising companies
- Designing your own unconventional path to turn your hobbies into multi-million dollar businesses
- A little known credit card cash back strategy Yong-Soo is using to generate $120,000 in yearly tax-free income
This episode is a must listen for any Personal HoldCo. curious entrepreneur, as well as any individual who wants to build a successful business around their life and not the other way around.
Follow along on my SMB journey:
Twitter @JakeMRichards
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