Ty Crandall is an internationally known speaker, author, and business credit expert. With over 17 years of financial experience Ty is recognized as an authority in business credit building and is the author of two books on credit named Perfect Credit and Business Credit Decoded. He has been featured by Entrepreneur, Inc, and Forbes.
Ty currently serves as the CEO at Credit where he has helped create and grow one of the biggest and most credible business coaching operations in the United States. We help investors obtain capital to purchase real estate.
Something that you have recently thought about “burning your cash” on for time savings or an improvement in quality of life.
Several forms of automation, most recently an automated system for billing recovery.
Buying and Selling Businesses to Financial Freedom with Ace Chapman
[Watch] Full podcast below:
Do you have an inclination to either buying or selling a business rather than creating one from square one?
Curious if it’s suitable for you to achieve financial freedom?
Oops! Don’t imagine just yet! A lot may be having an “act now” mentality.
Creating a startup business become a small business owner, investing in real estate (real estate investor), buying/selling a small business, building an online business, earning through capital gains, are all ideas to start away to building a possible passive income that will generate cash flow and that will increase your net worth.
Remember, you need to relay your business idea (in order to convert it into money) into an actionable business plan.
I know the feeling of jumping to the investor/ entrepreneurial road towards financial freedom. It provides options in life and most importantly it accentuates that there’s more to life than just earning money. TIME.
Buying a business to secure your financial freedom
Until you achieve financial independence, gain money (up to what your standard is) someone else owned your business and left you to work for the rest of your life. You are an entrepreneur, in business looking for money, and you can’t afford to lose that opportunity because you planned to make money before you leave.
Buying a business to secure your financial freedom might feel like a lucrative business, but not realistic for many. Buy sell agreement, considering a public company, simply becoming a business owner is not an easy feat. Moreover, it’s very hard to financially own a business since everything else is yours alone.
I had an opportunity to pose questions to Ace Chapman on how he started buying and selling businesses to secure financial freedom. He bought his first business when he was nineteen and one of many financial decisions he made. It was an online stock market simulator called CoolWallStreet.
After selling it and seeing the benefits of buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.
Currently, Ace buys and sells internet businesses. Believe this, he had done over 40 deals.
1) How much simple passive cash flow are you making today and how are you doing it?
A: I have a portfolio of over 30 internet businesses that create income/ money.
2) What is your Han Solo moment- Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change. Did you “burn the boats” or did you let it happen naturally- was there an internal (you decided to make a change on your own) or external (i.e. got fired from your job) trigger?
A: My moment was definitely burning the boats. I quit college which basically meant that I was not going off have the normal 9-5 corporate life and set on the path towards entrepreneurship ever since.
3) Worst life/business moment and what did you do after? Lesson learned?
A: Losing my first business after having seven figure offers that I turned down.
4) Current 2-week experiment and 6-month project? (90-180 day goal). A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.
A: Current 2-week experiment – Taking three breaks a day for meditation
6 month project – Building a life where I live in both Atlanta and Miami
5) What is your simple passive cashflow number? Now imagine you had 2x that amount… Describe your ideal day, detailed routine, and what projects you are working on.
A: Ideal day – Exactly what I’m doing right now. I love what I do. I don’t have to do it but it’s my passion.
Projects – Buying and selling businesses. Helping people avoid the risk and headaches of starting a business and show them how to buy one instead.
6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
A: Jet membership
7) Something that you changed your mind on? Our ego often gets in the way of greatness.
A: In negotiating deals, sometimes you end up fighting with seller’s egos instead of logic. There have definitely been deals that I have walked away from because I didn’t want to deal with the seller’s ego.
8) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear.
a) What is your secret/hack for the “Science of Achievement?” Any secret habits to share? Morning or Nighttime ritual?
A: My secret hack is avoid what everybody else is doing. The greatest opportunity is always found where the fewest people are looking.
Morning Ritual – To start the day with as much positive energy and emotions as possible.
b) What is your secret/hack for the “Art of Fulfillment?” How you do contribute back?
A: I joined a Big Brother mentoring program.
Look, the intention of this podcast article is to help you understand how buying and selling a business, as an investment, can help you achieve financial freedom.
Yes, it’s true! Cash flow is important for the financial success of any business so better consider it when buying or selling a business.
If you prefer this type of investment or additional income stream whether as a sole proprietorship, partnership, corporation, or cooperative then it’s yours to decide and consult an expert’s (financial advisor)advice.
Build a business, invest the profits – how to achieve financial freedom
Again, this will not sound true to all because there is a business owner who prefers to purchase an existing business suggested by a business broker.
A business broker can:
Assists the potential buyer about the business that is being sold
Helps the future buyer or seller in the ownership of the business
Tasks to come up with a favorable price as a business entity (possible give advice about business loan, seller financing, exit strategy)
How to build a business to achieve financial freedom is an interesting and well-balanced question.
It may be more challenging than buying an existing business. But as with any amazing journey, the terms “business” and “investing” are very confusing. My first step to achieving financial freedom is thinking about how to invest the profits generated in it to achieve financial freedom.
Hold that thought!
I know that this article is about buying and selling businesses but I want to emphasize that the process continues with real estate investing, like making money (cash flow).
Making money when buying and selling real estate to generate passive income in it.
Real estate investing involves the analysis of assets for real estate then concentrating on its increasing profitability. As one of the few such setups, real estate investing helps you generate passive income. One fortunate thing about real estate investing is an accident rate on a low drop in wealth. Also, this investment strategy is very straightforward to negotiate with your financial advisor. You can also watch videos about wealth building through real estate investing.
Investing in great businesses over the long run is an unrivaled path to financial independence
Just because you have great businesses doesn’t mean you should be in it.
This is simply to tell you, invest in good-quality businesses over the long run. This is not to advocate investing in a business that will eventually become taxable, but rather the unrivaled path to financial independence. But in doing so, keep this in mind: plan it-diversify, dive into real estate investing, invest in the best long-term stocks/companies, and if no one discusses financial independence, never invest anything. You have to be doing your tax planning. Don’t save money on education-invest in it.
Sound silly? It’s not.
Based on the record, only 20% of individual and small business owners achieved their financial goals, but it is possible that some are getting there and simply not vocal about it through social media. As stated, investing in real estate in fact boosts your trust and, you can use your passive income to minimize debt/expenses and at last achieve financial freedom. If you want to level the playing field you can still invest in these assets to increase good business and asset performance.
How do people achieve financial freedom?
Besides buying and selling businesses, in order to achieve financial success, you must compound your income – and not literally, but indirectly when investing. More importantly, it is believed that the key element for your success is compound interest. The basis of wealth & investing is with actual returns so you can pay a lot more in annual dividends.
Read on and learn if you want to live with the other wealthy Americans and achieve financial freedom with the right system in place. Isn’t it right to invest the last 10% of all the retirement you have saved in your 401K, SEP, or similar as a tax-free way to build wealth?
Everyone has these living expenses set for the future. Make a plan to maximize your monthly income by planning your monthly expenses, including any income stream that you may be able to live without.
In truth, once you are reaching the ‘golden age of retirement’ you will soon realize how any type of investment will become handy. It is better to establish a passive income even while you still have a predictable source of income (active income).
Additionally, even if it’s not as evident as it may, personal finance poses a role in financial freedom. You don’t have to be loud on social media as long as you are benefitting from compound interest, life insurance, residual income, rental property, Wall Street (stocks), mutual funds, or retirement account.
Your financial goals are yours if you think about them.
Mark Walker is founder of Luxmana Investments, which focuses on residential and multifamily investments. Mark quit his corporate job and is now a multifamily investor.
1) How much simple passive Cashflow are you making today and how are you doing it?
(You don’t need to give a number if you would like privacy. You can be vague such as halfway to quitting my job, cover my mortgage, make 25% of my expenses, over $10k, although people like when people open up the kimono):
My passive income is more than 200% of my expenses. I have a portfolio of 22 SFR’s in Denver, Colorado, and a 64-unit apartment complex in Dallas, Texas. I also have a small equity position is another 96-units in Dallas, TX, but I am not the managing member of that.
2) What is your Han Solo moment – Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change:
I met a general contractor in 2010, and we decided to do a couple residential development deals together. Through that relationship I was introduced to several people who were instrumental in me taking the next steps to build my passive income portfolio from there. Combine this with the fact that I was becoming increasingly frustrated with the corporate world, and that drove me to become even more focused on escaping the rat race.
3) Did you “burn the boats” or did you let it happen naturally? Was there an internal (you decided to make a change on your own – what was thought process?) or an external trigger (ie got fired from your job)?
I decided to make the change on my own, as I desired financial freedom and to spend more time with my family. The external factor of becoming frustrated with the corporate world was not the primary driver, but it did add to my motivation.
4) What was your worst life/business moment and what did you do after? Lesson learned?
In the 2005/2006 timeframe, I moved forward on a real estate opportunity which turned out to be fraud. I can certainly elaborate on this, but long story short: I testified to the Grand Jury to help get this indictment, and I was the second person they put on the stand at the official trial. The offender received a 130+ year prison sentence, which was the largest sentence ever given in the State of Colorado at the time for fraud. I learned about the importance of “trust, but verify.”
5) Current 2-week experiment and 6-month project? (90-180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.
My top two goals in 2017 are around family and health. If I can find and do one 50+ unit multifamily deal in 2017, that will be icing on the cake.
6) What is your simple passive Cashflow number? Now imagine you had 2x that amount… Describe your ideal day, detailed routine, and what projects you are working on.
Simple passive cashflow number is $20K/month. If I had $40K/month, it’s full retirement in Central America. It would be lots of days in the sun with my wife and daughter, plus exploring this region of the world. We would, of course home school our daughter.
7) Something that you have recently thought about “burning your cash” on for time savings or an improvement in quantity of life.
Tesla P100D – so incredibly impractical, but really cool.
8) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear.
a) What is your secret/hack for the “Science of Achievement?” Any secret habits to share?
Never stop learning. Learning leads to action, and action leads to success.
b) What is your secret/hack for the “Art of Fulfillment?”. How you do contribute back?
There should always be a reason other than money for why you do anything. For example, I didn’t build a passive income portfolio because I wanted to buy a fancy car, bigger house or a Tesla. I did it because I wanted to be financially free so I could spend more time with my family and positively impact other people. So, I contribute back by giving people a great place to live, but I am also able to give more of my time (e.g. Salvation Army, etc).
9) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
I would like to give the listeners a free gift as a thank you for listening: 10 “Not So Obvious” Ways to Boost Your Multifamily Property NOI. You can get it at: http://www.luxmana.com/simplepassivecashflow
I recently attended a local real estate Meet-up and there was a talk from a lender. Instead of wasting your time traveling there and inevitable fluff in these meetings… here are my takeaways from Credit Score SME presentation…
1) Previously 50% utilization on each credit card (not an aggregate of all cards) is now 30% to have an impact on the score. Things are getting stricter.
2) They now look at “payment acceleration” meaning paying the minimums every month is looked down upon. Might want to pay 50 bucks one month then 55 then 60 then 65…
I recently had the experience of missing the payments on two of my mortgages and went into default for 30-60 days and got register mail sent to me for being a naughty boy. My autopayments got backed up and the mail got sent to my old address in the move to Hawaii. Things are fine now and I got everything caught up. In the end, I saw my score take a 60 point hit, but I don’t really care because for commercial loans it does not really matter what your personal fico is. It just can’t be terrible. And by the way I got caught up and saw some of my credit card interest rates go up.
After
A lot of you guys who book a call with me are using HELOCs to purchase more properties. The optimum credit score for that is 620.
Also wanted to thank you all for the support this year and wanted to give people of big plans for 2018! Let’s work together to redirect money from the Wall-Street casinos and corrupt financial institutions…To help the endangered ‘Middle Class’ savers find safer, more profitable investments in Main Street opportunities benefiting local communities. Please email the website and podcast to a friend. And remember If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali’i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios.
We are the hard working W2 employees who followed the competitive linear path. We were groomed to be employees/pawns not businessmen or investors who build passive streams of income/cash flow and value for others – and to the gain of a greedy for profit company.
Our path started by being a high performer in elementary school and high school. We were told to study hard, do extracurricular activities, get high SAT scores and GPAs in order to be admitted into a top college. At college, while other peers were playing frisbee in the Quad, we grinded it out to get a professional college degree that was “worth something”. By now the linear path was so ingrained in us that we went to the well again for higher level degrees and specializations. If that weren’t enough, we were faced with final professional tests to become certified at our jobs and faced the rigours of junior level employment… all as we further delayed gratification for our efforts. Let’s not even talk about the student loans… we still balanced our monthly budgets like good boys and girls. (If you can’t manage your personal finances then do not read on… money only magnifies your personal tendencies, good or bad)
Today, for some of us, we truly enjoy the profession we set out to achieve decades ago. Others are left unfulfilled and enslaved by the “golden handcuffs” where we find ourselves still running in the hamster wheel… just a bigger hamster. The dogma of the Wall Street “buy and pray” method just is not going to achieve our goals. We had the big house/nice car but along with that came the monthly payments that created this financial incarnation. In the end it was not about the money but freedom.
Real estate built on a foundation of cashflow is the quickest and most conservative way to build lasting wealth. “Wealth” is not necessarily how much money you have but it is defined as ‘how long’ you can live off your passive streams of income with your level of expenses if you stopped working. This can be achieved by two ways:
1) Increasing your passive income or
2) Decreasing your expenses
The SimplePassiveCashflow.com way is focus your finite energy on building passive streams of income rather than once again delaying gratification to decrease your expenses.
The “True Meaning of Wealth” is having the freedom to do what you want…with when you want to do it. Building cashflow via Real Estate is the ‘Simple’ part of it… finding happiness and fulfillment after you are free from the W2 day job and other obligations… that’s the difficult part.
Work with people that make it fun and ‘play’ along the journey. There is always going to be the next deal and the next plateau. You are always going to be thinking “I will be happy when I have…” so enjoy the ride and in the end, leave everyone and everything better than you found it.
Hi guys, I figure you are tired of hearing my voice but I was recently on Mark Ferguson’s podcast. He is killing it in Denver as a home flipper and doing it right by putting part of his earnings to cashflowing rentals… Here is the post from Mark’s website below:
Lane Kawaoka is my guest on this week’s episode of the InvestFourMore Real Estate Podcast. Lane is a full-time engineer but also loves to invest in real estate. Lane has always worked on the west coast or Hawaii, where it is really hard to find cash-flowing rental properties. He has had to invest out-of-state to find deals that made sense to him. On this show, we talk about how he first got involved in real estate and how he both bought houses from turn-key companies and on his own. We also talk about what his current goals and how he is changing his investing strategy.
Click the green button below to listen to the podcast
How did Lane first get involved in real estate?
Lane graduated college and became a full-time engineer about ten years ago. He wanted to buy a primary residence but had to save up money to afford properties in his area. He finally bought a house for himself, but it was not as great as he thought it would be. He was always traveling for work and never had a chance to enjoy his home. He decided to rent out the property, and that became his first rental.
Lane realized he loved the passive income that his rental property provided, and he decided to keep buying rentals. He bought a duplex in Seattle for $250,000. That duplex rented for $3,000 per month and was also a great investment. The problem he ran into was the market exploded in Seattle much like it has in Colorado. His duplex was worth $400,000 a few years after he bought it, but rents had barely risen. Finding any good proprieties in the Seattle area was really hard.
Lane bought a property in Birmingham Alabama for $70,000 that he rented out for $850 per month. Lane bought a few more turn-key properties and then started to buy properties himself with the use of agents and property managers.
How did Lane make sure he bought good turn-key properties?
Lane has a number of tips for people looking to buy turn-key rental properties:
Get a 3rd party to check out the neighborhood and area if you are not familiar with it.
Don’t be afraid to find your own property management company.
Sometimes, buying properties with a loan can be a benefit because you need to get an appraisal that will confirm the value.
How has Lane bought out-of-state rental properties without a turn-key company?
If you want to buy out-of-state rental properties on your own, it can be tough, but it is possible. The problem with many turn-key companies is getting a good deal is very tough. If you can find deals yourself, you may be able to make more money. However, you need to find:
Lane has bought a number of properties outside of his areas without using a turn-key company. He said the key to pulling off the investment was finding a great property manager. If you can find a really good property manager, they can help you decide where to buy properties and what they will rent out for, and they can help you find contractors and agents.
Lane loves to help others invest, and he is also working on syndicating large multifamily deals. Make sure you listen to the podcast to hear what his plans are with apartments and why they have become his focus over single-family rentals. You can find lane at simplepassivecashflow.com,where he has a podcast and many free resources for investors.
Paying for College Expenses with Coverdell, 529s, and hacking the Financial Aid
Brad Baldridge is a late-stage college planning specialist. He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college, negotiating with colleges, scholarships and loans. Over the past 10 years Brad has directly helped hundreds of families plan and pay for college. He has provided in-depth college plans resulting in increased financial aid, scholarships, identification of the right schools at the right price, and better loans.
• Coverdell has low contribution limits (2k per year) but the good thing is that it can be used for a wider range of education expenses
• 529 is State sponsored and some states have special breaks based on where you live
• Do the Coverdell first and then the 529 in most cases
• Tuition, fees, computer, room and board, prescribed supplies, and groceries. Up to the cost of what the dorm would be. Sorry no beer
• Need to start before high school or even when a toddler
• You can transfer it to another brother or sister
• Its rare to have too much money in a 529
• Consider making a higher rate of return outside a 529
• A 529 has a menu of choices just like the 401k
• Show that you own nothing so that you don’t make to much money to qualify for financial aid
• The net value is what is important for financial aid
• The look back is two years (prior prior year) but this changes from time to time
• What about putting funds back in the grandparents generation? Gifts from grandparents are reported by income. So time it for the last year of college.
• Can’t use trusts to hide the asset, but can use irrevocable trusts
• There are tax credits but check your taxable income so you don’t
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company Frontier Equity Properties, LLC is an A+ rated BBB real estate company.
Hey guys I’m about to get naked here… I am personally making a shift in my portfolio to MFH Investing and wanted to see if you could help me find a buyer for my stabilized 10 property 1.2M portfolio.. 10 B Class properties in Birmingham/Atlanta/Indy (rents $900+/month)
I have selected a few potential turnkey rental sellers, however, I wanted to leverage my network and see if we can cut the broker commissions out of it. I’ll give you details on how you can get the P&L for the past few years on every property but first…A few PSAs.
National Save for Retirement Week: October 15 – 21, 2017
Scam emails to get information from more and more wholesalers
Insurance want 5% deductible
My story – bought a couple of rentals in Seattle and 1031 exchange those to 10 SFH essentially turnkey rentals out of state in Atlanta, Birmingham, Indianapolis.
The other day I asked the question on BP… did not get much of a response since BP is a platform for newbies or active investors who flip or wholesale homes. SPC is a platform with secret Facebook groups of profession W2 employees with some cash and little time on their hands.
As I talked a few podcasts ago of a 10k repair, and multiple other headaches, my attitude for these SFHs are changing. Its kind of funny talking to the many of you that are setting up calls to get on the Hui Deal Pipeline Club to getting sent the deals I come across:
Please go through the first 20 podcasts in early 2016 and love the story of this SFH buyer but then they are like WTF you are turning on us like a villain going to MFH.
“Find me an investor who has 50 SFHs and I will show you an investor who was invested under a rock and stoned himself to death with said rock” -Archimedes
After over a few hundred investor consultants over the past couple years here is what I tell W2 employees. For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work. If you like it cool… but just remember why we got into this… To be free from a JOB. Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. Whatever you do, try to be as close to the investment as possible. This is the fundamental problem I have with Wall Street who takes too much fees off the hard working efforts of the middle class.
The straw that broke the camels back…
One of my Atlanta properties went over a changeover, tenant went MIA, went through process to evict – always start the time clock. Armed sheriff had to go and remove items on the street, dead cats were found, $5000 just to remove items, concern over the property could have been condemned. I got Proserve out of Atlanta to go in with radiation suits to clean it up, got a bill for $27K, wtf, some of the scope items were a little ridiculous like 500 dollars for gutters, 5000 for paint, and siding etc. I had them re-estimate it to give me the “dude I’m not a rich idiot price and got it lowered to 20K.
Tony Robbins says “Things don’t happen to you but for you.”
This was a sign from above which many of you guys hear from me that I sort of believe in. I was already mentally making the shift to making the move. Going down the quote from the repair company it was clear that a lot of the scope items were a bit excessive and the pricing was inflated. This was to be expected, for example paint on rooms that did not really need painting for $5000 or new gutters cleaning for $500.
If you want to see this document. Please leave me an iTunes review or send me an email referral to a friend and i’ll send it over. Lane@SimplePassiveCashflow.com
Stages of trauma… denial, anger, sadness, motivation.
What I know now I am able to now only make a high yield but a fraction of the effort. None of this screwing around sending docs to my lender in the evenings for a couple months to get one dinky SFH to cash flow a couple hundred dollars a month then do it all over again 20-50 times… then to have it all taken away with a large capex or turnover repair.
Tony Robbins says “You destiny is shaped in your decisions.”
We waste so much time making decisions. A lot of people myself included get shiny object syndrome when really its an excuse.
This was my hero moment or burning of the boats moment to leave the security of a few thousand of passive cashflow a month to go liquid for a while. Hopefully Amazon will announce that Atlanta will be the new second HQ on their quest for world domination.
One drawback about selling is about repaying a lot of depreciation recapture and capital gains going back all the way from 2009. As you remember I traded my two Seattle properties for the majority of these rentals via a 1031 exchange. This is why I am not a fan of a 1031 exchange no matter what you hear on a surface level on other podcasts. Another reason to keep listening and please do me a favor and share it with friends because we go deep on this stuff because I’m learning everyday. I’ll repeat I don’t like 1031 exchanges because many of us are going to graduate in large syndications and that is not a like kind exchange. Executing a 1031 most likely means you are going into a lukewarm deal and lose all your negotiation power as a buyer. But i’ll expand on this at a later date.
Picture of my back of envelope tax hit
I want to be very clear… If you are not an accredited investor, sophisticated, or have a large sum of liquify… single family homes is the starting point for you. Too many call me with lofty goals and have list of pro’s/con’s of MFH vs SFH, but you need to know the basics before you screw up the big stuff. You have to pay your dues. Set that barrier to entry lower because most people won’t do anything.
I figure it was only fair if I showed you my naked photos… I mean P&Ls that you take a few minutes to complete a form with your investor profile on.
And if you are listening to this after 2017 and would like to see how frequency of rental checks, vacancy, late payments, repairs, cap ex across all my properties please leave me an iTunes review or send me an email referral to a friend and i’ll send it over.Lane@SimplePassiveCashflow.com
Mastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali’i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios. SimplePassiveCashflow.com/mastermind
Christian Knight gives us his 4 techniques on how to control fear:
1) Embrace the fear – removes complacency
2) Manage your fear – Visualize
3) Practice it and get experience
4) Eyes on the prize
Don’t just die like a salmon. Do something meaningful. Take action and step out!
– Jason Statham
Remember why we are doing it. The “new rat race” is what the entrepreneur often finds themselves in where they have escaped the W2 job but have created an active business for themselves.
