E6: In today’s episode, I break down a $450 million entrepreneur’s contrarian advice for getting into small business ownership.
There’s only 2 ways to get into business right?
- Start a business
- Buy a business
WRONG!
There’s a 3rd path that this world class entrepreneur swears by and says that everyone he knows who has won at the highest level has followed.
I explain how I’m using this approach to enter my next business, and outline the steps for you to do the same.
As well as layering in some additional tools like the permissionless apprenticeship to supercharge this opportunity.
Topics covered:
• Why a $450m entrepreneur advises against starting or buying a business and what to do instead
• How to Build Relationships With Industry Titans Using The Permissionless Apprenticeship
• How to creatively get equity in high quality small businesses
This episode breaks down the 3rd path into small business ownership that you can use to dramatically increase your probability of success, save yourself hundreds of thousands, potentially millions of dollars in start up or acquisition costs and avoid the painful mistakes that’ll put you out of the game long term.
Especially if you’re a first time business owner.
Follow along on my SMB journey:
Twitter @JakeMRichards.
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Resources mentioned:
• Episode 1 Salary to CEO Podcast With James Richardson
• Jack Butcher’s Permissionless Apprenticeship
• @visualizevalue