Chapter
Starting a Business to Make More Money
1:02:01 - 1:06:05 (04:04)
The ultimate goal of any business is to make more money and one way to achieve this is by starting a business. The key is to put systems, processes, and people in place to eventually allow the business to grow and operate without you actively managing it.
Clips
Building a business that can function and grow without the owner is crucial in creating enterprise value.
1:02:01 - 1:03:08 (01:07)
Summary
Building a business that can function and grow without the owner is crucial in creating enterprise value. Starting a business with credit card debt can still lead to a higher profit than other investments such as real estate or stocks.
ChapterStarting a Business to Make More Money
Episode#42 Rob Luna - Wealth Strategist on the Recession and Inflation
PodcastShawn Ryan Show
The speaker shares their personal experience of starting a business with no money, relying on credit card debt and borrowing to fund their business and household expenses.
1:03:08 - 1:03:25 (00:17)
Summary
The speaker shares their personal experience of starting a business with no money, relying on credit card debt and borrowing to fund their business and household expenses.
ChapterStarting a Business to Make More Money
Episode#42 Rob Luna - Wealth Strategist on the Recession and Inflation
PodcastShawn Ryan Show
The speaker suggests that starting a business is the best way to make money when you don't have money and gives an example of how he sold his business for several million dollars which changed his life.
1:03:25 - 1:04:28 (01:03)
Summary
The speaker suggests that starting a business is the best way to make money when you don't have money and gives an example of how he sold his business for several million dollars which changed his life.
ChapterStarting a Business to Make More Money
Episode#42 Rob Luna - Wealth Strategist on the Recession and Inflation
PodcastShawn Ryan Show
Learn about the importance of putting systems and processes in place in order for your business to grow and operate without you and how to invest the extra money your business makes.
1:04:28 - 1:06:05 (01:37)
Summary
Learn about the importance of putting systems and processes in place in order for your business to grow and operate without you and how to invest the extra money your business makes.