Chapter
Best Businesses for Cash Flow
45:45 - 49:53 (04:07)
The best businesses for cash flow are those that don't require a lot of upfront capital expenses like inventory, supply chain, and manufacturing. It is important to take dividends regularly instead of waiting for an exit strategy in the future.
Clips
The key to making the most money in business is by providing an exceptional valued service and charging a lot of money for it.
45:45 - 46:43 (00:57)
Summary
The key to making the most money in business is by providing an exceptional valued service and charging a lot of money for it. It's also important to optimize for low capital expense businesses and take dividends every month instead of waiting for an exit ten years later.
ChapterBest Businesses for Cash Flow
EpisodeAlex Hormozi On Becoming A Millionaire, Quieting Your Ego & Forgetting About Legacy EP 1278
PodcastThe School of Greatness
The founder of a successful gym chain shares the importance of net free cash flow in starting and maintaining a profitable business.
46:43 - 48:03 (01:20)
Summary
The founder of a successful gym chain shares the importance of net free cash flow in starting and maintaining a profitable business. Reinvesting is not always necessary and having available cash flow can help you make better business decisions.
ChapterBest Businesses for Cash Flow
EpisodeAlex Hormozi On Becoming A Millionaire, Quieting Your Ego & Forgetting About Legacy EP 1278
PodcastThe School of Greatness
A low capital expense business, such as service-based businesses, is ideal for good cash flow.
48:03 - 49:53 (01:49)
Summary
A low capital expense business, such as service-based businesses, is ideal for good cash flow. They are preferable to businesses with high capital expenses, like inventory-heavy or manufacturing-based businesses, as more investment might be required to increase production capacity.