Interview Number One

So today we brought on board a long time friend of mine who is a successful businessman running and operating several different types of companies. He is going to answer a few questions I have for him. If you guys have any further questions shoots us an email and we will reach out to Chris and have him answer anything for you.

So Chris thanks for being with us today. How many different business do you operate?
C: I own 7 different types. A successful businessmen once told me in the start of my entrepreneur career that the average millionaire has 7 different types of incomes, so what do you think I shot for!

Great great I love that.
C: Yeah it has help me push through all the good and bads of running a business. Once we grew one and got it to where we wanted we built another company. We just kept investing into different businesses and hiring a staff and growing a new one.

What was your biggest hurdle?
C: Well my third or fourth company was a pressure washing company and we had to go through a lot of licensing and certifications to even get started. We had a staff and crew ready to be on the road working but we were not legally allowed to be for about 3 weeks. It sucked.

Yeah wow no kidding. Crazy you already had a team put together ready for action.
C: Well like I said we invested right back into something else. So we invested our profits from previous companies into that company and got the equipment we needed to help guys work efficient.

That is how we like to bear our profits!
C: Hey nothing has been easy, if it were everyone would be doing this and living in big homes. I have been around smart and amazing people along the way to help me with whatever questions I may had.

Do you have any partnerships?
C: O yeah I could not have done it without most of them. There are some partners making more money than me but in some cases but they invested more or willing to put more time into that one. But that is all good because if our company makes money than we all do!

Who would you suggest to read I love reading so what is a big author to read to help bring in that extra dough!!
C: Definitely Dave Ramsey. This dude can help you with any money questions, he helps people get out of debt with what is called the snowball effect. I mean you cant be a millionaire if you have all these debts and bills to be paid on a monthly basis. He is a great guide and many things to follow like books, radio shows, pod casts, and youtube!

Well hey thanks for being here I know you have some calls to take haha!
C: Thanks for having me!

We would like to thank Chris and his house washing Jacksonville company which he talked about in this interview. I have seen some of the buildings and properties he has done so you guys gotta give them a call if you live in the North Carolina area. They will have your home look like a brand new freaking home no kidding.

Thanks everyone as always make sure to follow our blog!

Things to get you started.

In a recent post we mentioned Grant Cardone. This dude can sell ice to an Eskimo so he is a great person to follow and listen to as he has grown several business. One of he books called 10x is such a great driving force and will really hit you at home. So add this to your list of many other things that come along with starting a business because keeping up with your knowledge is always a crucial element to a business.

Since there are many entrepreneurs and business owners on our site following us we want to make sure everyone does everything right when starting out. I will be the first to tell you none of this stuff is fun, starting a business has great days and always crappy days. The beginning tends to be a bunch of crappy days because you have to do things like file your business, get insurance, possible get certifications, etc.

One of the first things I always do when I start a business is think of the type of structure it will be. What we mean by this will you be a sole-propriety, LLC, corporation, or partnership. They all have different positives and negatives so dig into this step a little more do your research and make an educated decision.

Next thing to consider is how you are going to save 15-20 percent of your profits because Uncle Sam will want his cut as well. As a business owner it is not like working for someone else where they automatically pay your local, state, and federal taxes. As an entrepreneur you still need to pay these things as well so what we have done in the past is open a savings account and any time you receive payment you put that some in your savings. Get a good accountant and pay your taxes quarterly so come the end of the year you do not have a large bill to pay.

Hell we could go on all day about taxes and and business structure but well save that for a later post. We are only scratching the surface to help bear your profits so keep following us and stay tuned for upcoming posts.

Since I talked about things to do when starting a business how about we take a look at things we should not do as well. Check out this short video on seven things NOT to do when starting your future business.

 

Profit Margins

When running a business the daily tasks, ordering, calls, paper work, etc all comes down to one thing, your profits. Every successful business needs to make a profit or else they will fail because they need to pay their employees, taxes, products, or merchandise. Every business is different even if it is the same service in the same location, yes you may be competitors but the profits and expenses will be way different between the two.

A little background about myself. I come from a family of entrepreneurs, my mother ran her own clothing store while my father owned an electric company and an HVAC company both different business. I saw the way they worked and the daily tasks that were involved, they truly never had a day off work. But I will tell you what my parents were some of the hardest workers I know and that is why they get to enjoy retirement down South by the beach all year round. They showed me how to succeed in whatever it is I choose. Now I did not go and buy or run either of their businesses because well I did not want to get into those fields and also I wanted to create something myself.

I went to college and got a Bachelors in business administration and worked for a small web design company right out of school, and although this was fun and a great place to work I was ready for my own adventure. I then started a few small business some failed while others blew up in a short amount of time. We are going to fail or have bad days as a business owner, but how you bounce back will show how awesome and driven you are.

During this blog I am going to give some of my own advice and also interview other business owners on how they have succeed in their current field. I want to give you all some great tips and tricks along the way so please make sure to stay tuned and follow along with us as we get into some great material. I cannot wait to get this thing rolling and hope your as excited as I am.

Now enough blah blah blah comment and ask me anything you would like to know about business and being successful. Here is an awesome clip of Grant Cardone, I have been following and listening to this guy for years he is a pure genius and will help you on your journey take a look..