Business Growth Strategies
Since there’s money to be made in buying failed businesses and fixing them up to flip, you might find this documentary interest although it’s from the point of view of insolency professionals not tycoons. It comes recommended by a Tycoon Playbook grad.
Gerald and Dave are insolvency practitioners, and business is booming. With exclusive access to ‘behind the scenes’ negotiations, we follow them as they parachute into businesses that have hours left to live. This fascinating film goes into boardrooms and on to shop floors, up and down the country, discovering how the credit crunch is really affecting British business.
So what’s the best way to shoot for billionaire status these days? If you trust the MSM (which you shouldn’t), it’s all about jumping into the tech sector and creating some new website, app, or software. The rest of the economy is completely ignored. By the rest of the economy, I mean the part where 99% of workers are employed. There’s more to this world than just San Francisco/Silicon Valley which has sunk to most likely its lowest state ever if you have been following the news about its health & sanitation problems. (San Fran was my favorite American city throughout the 1980s and 90s but now I wouldn’t set foot in it if you paid me. But I digress.)
The act of writing a new report on how billionaires create value reminded me of this brilliantly written scene from the first season of HBO’s Silicon Valley.
In the module on value creation in The Tycoon Playbook, I call this the Visionary Approach to creating wealth. It’s not a transferable skill unfortunately. So the Playbook focuses on building systems that create incremental improvements in acquired businesses. While this is a scene from a comedy have no doubt that fortunes have been made by people whose minds work like this. Continue reading
How to Hit Your First 100 Million
Many people who are curious about the advanced growth strategy used by self-made tycoons can’t decide if it’s for them or not. This is due to the strategy being dense and arcane. To solve that problem we offer a mini-version of The Tycoon Playbook course to help people determine if it’s something they are both capable of doing and willing to do. It’s not for everyone. This is an elite strategy. First and foremost, people who go down this road have that “gotta wanna” drive which makes them self-starters. They don’t need anyone holding their hand or cracking their backsides with a whip.
They just do it. That is once they understand how it’s done.
So here’s your opportunity to discover in a single hour if this strategy is for you.
Here’s business growth advice from John Paul DeJoria who has built two $2 billion companies since the 1980s.
True rags-to-riches stories are not as common as we sometimes like think, but the story of John Paul DeJoria is a bona fide example of one. At one point he was homeless and at another he was a member of an Los Angeles gang. Then in the early 1980s he launched a hair care products company, John Paul Mitchell Systems, with a startup budget of $700. On top of all that he’s a good speaker and story-teller. Here he is giving the keynote speech at the Stanford 2011 Entrepreneurship Conference.