Dec 29, 2014
Today’s guest started his entrepreneurial journey after dropping
out of college, getting a job and then being downsized in his early
twenties.
He made some sacrifices, began investing in real estate, and
realized he had a knack for it.
He went on to buy a franchise and put up billboards all over the
city saying, “We Buy Ugly Houses.” He grew that business to be his
first million dollar business and then sold it.
He then took some of the money and bought two retail stores. At one
point each business was doing over $1 million dollars in
revenue.
And before he knew it, he had become a true entrepreneur; The only
problem was he was working 80+ hours per week and couldn’t
scale.
He decided to design his life first and then build a business
strategy around it — this is how it should be done — and he started
buying online businesses, increasing their value and potential and
selling them.
He has now purchased over 10 businesses and he is only getting
started.
Now, let’s hack…
Ace Chapman.
What you will learn in this episode:
- Why you shouldn’t start a business when you can buy one
- Focus on turning one dollar into two
- Why you don’t want to play the entrepreneurial lottery
- You don’t need intellectual brilliance to succeed
- Entrepreneurs have a natural tendency towards positivity