Chapter
The Importance of Real Business Experience Before Buying
23:26 - 35:07 (11:40)
In this podcast, the host discusses the importance of having real business experience before buying a business. They also emphasize how the only role of money is to protect oneself and give financial freedom instead of seeing businesses as mere spreadsheets.
Clips
Protecting loved ones, having the freedom to make choices, and giving access to new ideas and communities are the benefits of money, rather than material wealth or achievement, according to insights from people at the end of their lives.
23:26 - 26:18 (02:51)
Summary
Protecting loved ones, having the freedom to make choices, and giving access to new ideas and communities are the benefits of money, rather than material wealth or achievement, according to insights from people at the end of their lives.
ChapterThe Importance of Real Business Experience Before Buying
Episode#65 - Q&A with Andrew Wilkinson, Co-founder of Tiny
PodcastMy First Million
A discussion about how general contractors work on a cost plus model, where they earn a percentage of the total cost of the project, potentially leading to conflicts of interest when it comes to managing the budget.
26:18 - 31:17 (04:59)
Summary
A discussion about how general contractors work on a cost plus model, where they earn a percentage of the total cost of the project, potentially leading to conflicts of interest when it comes to managing the budget.
ChapterThe Importance of Real Business Experience Before Buying
Episode#65 - Q&A with Andrew Wilkinson, Co-founder of Tiny
PodcastMy First Million
The importance of having real business experience before investing in or buying a business, the danger of relying solely on spreadsheets, and advice for starting a successful business: focus on predictability, profitability, and ease of management, and get into the habit of constant reading.
31:17 - 35:07 (03:49)
Summary
The importance of having real business experience before investing in or buying a business, the danger of relying solely on spreadsheets, and advice for starting a successful business: focus on predictability, profitability, and ease of management, and get into the habit of constant reading.