Making Bank

Out Now!! 🔥🔥🔥How To Be The Best Entrepreneur #MakingBank #S7E39 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Larry Brinker Jr @Larry Brinker, Jr Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Taking Control Of Your Personal & Professional Finances #MakingBank #S7E38 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Brandon Dawson @brandonmdawson @BDawsonWJBF @Brandon Dawson Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Taking Control Of Your Personal & Professional Finances #MakingBank #S7E38 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Brandon Dawson @brandonmdawson @BDawsonWJBF @Brandon Dawson Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Taking Control Of Your Personal & Professional Finances #MakingBank #S7E38 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Brandon Dawson @brandonmdawson @BDawsonWJBF @Brandon Dawson Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Taking Control Of Your Personal & Professional Finances #MakingBank #S7E38 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Brandon Dawson @brandonmdawson @BDawsonWJBF @Brandon Dawson Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Taking Control Of Your Personal & Professional Finances #MakingBank #S7E38 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Brandon Dawson @brandonmdawson @BDawsonWJBF @Brandon Dawson Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Optimize Your Personal Credit Profile & Get Access To 0% Interest Business Credit #MakingBank #S7E37 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jack Mccoll @kingofdebt @Jack McColl Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Optimize Your Personal Credit Profile & Get Access To 0% Interest Business Credit #MakingBank #S7E37 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jack Mccoll @kingofdebt @Jack McColl Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Optimize Your Personal Credit Profile & Get Access To 0% Interest Business Credit #MakingBank #S7E37 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jack Mccoll @kingofdebt @Jack McColl Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Buying A Business: Strategies & Pitfalls to Avoid #MakingBank #S7E36 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jonathan Jay Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Buying A Business: Strategies & Pitfalls to Avoid #MakingBank #S7E36 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jonathan Jay Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Buying A Business: Strategies & Pitfalls to Avoid #MakingBank #S7E36 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jonathan Jay Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Buying A Business: Strategies & Pitfalls to Avoid #MakingBank #S7E36 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jonathan Jay Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Buying A Business: Strategies & Pitfalls to Avoid #MakingBank #S7E36 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jonathan Jay Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Buying A Business: Strategies & Pitfalls to Avoid #MakingBank #S7E36 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jonathan Jay Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Buying A Business: Strategies & Pitfalls to Avoid #MakingBank #S7E36 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jonathan Jay Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Welcome back to Making Bank. On today's episode, we have Jonathan Jay who has been an entrepreneur ever since he dropped out of the university at the age of 19, now 50 years old. He has built businesses and publishing, digital marketing, adult education, coaching, preschool education, and has sold each of those. During the pandemic, he made 48 business acquisitions to create the fourth largest group in his sector in under three years. He now helps other people buy businesses, helps him avoid the expensive mistakes, as he says, he has made all of them. Make sure you check out this episode of Making Bank with Jonathan Jay. (3:04) Becoming An Entrepreneur Jonathan talks about how he has always been an entrepreneur all his life. He has never worked for anyone. He only had his own business to run and has been doing that for 30 years. He has done many things, some went wrong and some went right. Overall he has a very successful career as an entrepreneur even if it was challenging sometimes. (6:02) Why To Buy A Business Look for a business that's been running for at least five years, that makes solid, reliable profits every single month. Buy that business without risking any of your own cash and then once you've got that business, that business will continue to make solid, reliable profits month after month. This is much better than starting a business from scratch and risking the chances of it failing. (7:25) Risks Of Buying Business The risks of buying a business are always high. The wrong method is going to a bank and asking for a loan using property. This is high stress and high risk. The best way is to find a business that is already striving but has an owner that is ready to sell it and is highly motivated to let it go. The chances of this business being successful are higher as compared to the first option. (11:31) Convincing Sellers You need to know why they are selling the business and try to ease in on that. Remind them why they wanted to sell in the first place. And also it is important to approach as many sellers as possible. Not everyone will say yes. Some will say no. Hence, at the end of the day it's actually a numbers game and the chances of success highly depends on the numbers of sellers approached. (14:26) Business Buying System The tendency is to play it small, play it safe. But, when you buy a bigger business, you're actually buying a better business. You're buying a business with better financial controls, with better marketing, and probably a better product because it's reaching more people. More people are buying it. All of these things make a better acquisition. (18:48) Key Tips For Buying You have to get really good at what we call the discovery call. The discovery call is that 30 minute phone conversation with the owner where first impressions matter. The next step after that is you want to get them to send you some basic financial information. Then right at the very end is selling the business and this will put more money in your pocket than you've ever had in your entire life, and that's when you can really start making a difference in the world. (24:41) 48 Acquisitions In 3 Years Jonathan talks about how it was a crazy time and how maybe they did get a little too greedy over it. It was stressful and even caused many health problems for him and was even hospitalized for it due to the immense stress. He did not recommend it to anyone and concluded that it’s not advisable to anyone. Links: www.dealmakers.co.uk https://www.linkedin.com/in/jonathan-jay-3556b230

Out Now!! 🔥🔥🔥How Entrepreneurs Can Reclaim Their Time & Freedom Back #MakingBank #S7E35 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Dan Martell @Danmartell @danmartell Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥How Entrepreneurs Can Reclaim Their Time & Freedom Back #MakingBank #S7E35 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Dan Martell @Danmartell @danmartell Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥How Entrepreneurs Can Reclaim Their Time & Freedom Back #MakingBank #S7E35 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Dan Martell @Danmartell @danmartell Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥How Entrepreneurs Can Reclaim Their Time & Freedom Back #MakingBank #S7E35 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Dan Martell @Danmartell @danmartell Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥How Entrepreneurs Can Reclaim Their Time & Freedom Back #MakingBank #S7E35 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Dan Martell @Danmartell @danmartell Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

How Entrepreneurs Can Reclaim Their Time & Freedom Back #MakingBank #S7E35 Welcome back to Making Bank. On today's episode, we have Dan Martel who is an entrepreneur, angel investor and he became a highly sought after coach in the SAS industry after exiting three tech companies within a 10 year period. He's also an athlete and Ironman philanthropist, husband, father of two boys, and lives an amazing life that he's created for him. Make sure you check out this episode of Making Bank with Dan Martell. (3:29) Increasing Life Quality Most of us have the tendency to overwork and really commit ourselves that we lose our most precious resource. Time. That is why many fail to withstand the pressure life throws at them. It is important to get back your time and never lose it because if you can buy back your time, you can definitely increase your quality of life and performance as a whole. (6:54) Time Assassin The most common time assassins are the Self Medicator, the Saver, the Supervisor and the Staller. All these different attributes exist as individuals in a business and they really have the tendency to slow down or interrupt the growth of a company and workflow as a whole. (12:07) Time Worth If you do anything that you could have paid somebody else, that buyback rate or less, you're literally working against yourself. You can't build a $10 million company off a $10 task. There's not enough hours in the day. And also instead of hiring more people so you should hire people that will help buy back time out of your calendar. (14:52) Buy Back Time Instead of hiring two people to do multiple things thinking it will be efficient, it's better to just give the most valuable employee more roles to take because one efficient employee is better than having two of them doing tasks that can be easily done alone. This is how you buy back time efficiently. (17:08) Hiring Order The hiring order is Admin, then Delivery, then, Marketing and then Sales. These should be the order of hiring in order for a business to prosper. If the order is changed, the flow won’t be effective anymore. They have to be in this order. (20:00) Zero Inbox Dan Martell talks about how he follows a zero inbox policy. He doesn’t do emails. Doesn’t do inbox. He sends voice messages because most people don't realize that our typing speed versus our talking speed, our talking speed is way faster and it will be clearer and it will save more time. (21:30) Playbook A playbook is a very important part of handling a business that most CEOs do not even follow. It is important because it has all the necessary guidelines to run the business and also for every employee to be able to follow the guidelines. If it's not followed the business will just crumble and the employee might just lose a spot in the company. Links: @Danmartell @danmartell www.buybackyourtime.com

Out Now! 🔥🔥🔥Unlock Your Business's Potential By Utilizing Data-Driven Decisions #MakingBank #S7E34 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jeff Smith @jeffsoptic @coloradocraftbeef Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership

Out Now!! 🔥🔥🔥Unlock Your Business's Potential By Utilizing Data-Driven Decisions #MakingBank #S7E34 Don’t miss this episode of Making Bank! BEST OF MAKING BANK SERIES with Jeff Smith @colocraftbeef @jeffsoptic @coloradocraftbeef Listen Now - http://pix.joshfelber.com/LaKZF0cf #MakingBank #makebank #positivethinking #entrepreneurship #dailyinspiration #dailymotivation #podcast #newepisode #business #motivation #success #leadership