đź“© - How One DM Can Change Your Life
4.5min Read
The purpose of this newsletter is to capture and bottle as much entrepreneurial value as humanly possible. One email, everything that you’ll need to start, buy or scale a business.
It’s truly an extension of the lessons that learned from myself as well as the experts we talk to along the way.
With that said, I have my hands in a handful of things. As I'm sure you do as well.
​A few startups, a few businesses that are already operational and a few acquisitions…
I’m obsessed with entrepreneurship and endless possibilities of building your own empire.
There’s a quote by Dan Martell from a podcast that he was on Front Row Dads Podcast where he talks about what his empire looks like:
“My empire: A life of unlimited creation that you never have to retire from… [It’s] the ability to create with abundance.”
I probably rewound and played that quote about 15 times the day I first heard it. It struck a cord.
Because that’s exactly what we’re trying to do here. That’s what I want for YOU.
- Maybe you’re still in your W2 trying to figure out how to bridge the gap…
- Maybe you’re looking for a way to take your business idea and make it a reality…
- Maybe you’ve always wanted to be a business owner but don’t want to go through the start up phase
- OR MAYBE you already have a business running and you want to optimize it and grow it into something BIG.
##That’s what this newsletter discusses.
All of that and everything in between.
And that’s also why we’re building a community hyper-focused on those goals.
How one DM can change your life 👇
The other day I had the opportunity to speak with an incredible entrepreneur, Shannon Jean.
He’s a legend, and STILL crushing it. He’s fairly new on Twitter and I’m thankful that I caught him when I did because he’s doing some BIG things.
I followed him a while back and immediately resonated with his work. He’s done all the things I’m currently doing and trying to do.
He’s been there and done that.
I knew that if I could get in touch with him, he would be a man to learn from.
So I DMd him on a whim and to my surprise, he responded.
We hopped on a call and it changed my life.
I break the entire call down here if you want to dive deep. ([Deep Dive])tab:https://x.com/kevinasrx/status/1810458625460330783?s=46&t=0i88psgkxMkv0hsWtu9U3Q))
The point
📌 Success won’t come to you, you have to go out there and grab it!
And “self made” is a myth. There will always be someone or something that you can and SHOULD learn from to better yourself.
I might have a few things figured out, but Shannon has more.
When I wanted to understand the self storage business on a better level, I found a mentor in that space.
When I wanted to learn more on business acquisitions, I found a mentor there.
You take as much as you can from as many places as you can and you bottle them up to make your own personal formula.
Your own blueprint.
With that, find people in the space you want to be in and reach out.
Life Hack --> THE best time to connect with someone is either before they create a program or when they are launching it for the first time.
Every coach/ mentor needs a beta round of members as a “proof of concept”. They’ll pour into that group the most.
I’ve been in a few first groups. It’s worth it.
💎's Of The Week: ​ 💎 #1 - On Market Business Deal
Waterfront Contractor-Docks, Piers & Ramps
đź“Ť Arkansas
đź’° Asking Price: $2,001,720
đź“Š Revenue: $1,847,960
đź’Ľ EBITDA: $533,994
đź“… Established: 1961
🔗 LINK​
đź’¬ My thoughts:
- Not a bad multiple
- They have been around for a long time. The Lindy Effect is important to note
- Moderate amount of staff that can handle the work load
- My questions would be around the roles of the current owner, if there are other family members in the business that plan on staying, how many contracts were established and maintained by the current owner vs. marketing and if there is any concentration in revenue with one or a couple customers
💎 #2 - Entrepreneurs In The Wild​
đź’¬ My thoughts:
- First off, I love that Chris Koerner Is starting to add videos like this to his feed. You're gong to see Twitter move in this direction slightly with the rumor of a Twitter video feed coming up. Chris is just ahead of the curve
- It is so cool to see kids learning entrepreneurship at such a young age. It might be just a dollar a bin, but the lessons are priceless
đź’Ž #3 Use an Alter Ego To Succeed
There was a study from the University of Minnesota of four- and six-year-old children about how to teach perseverance,
The researchers put a toy in a locked glass box and gave the kids a ring of keys. The catch? No key worked. The researchers wanted to see how to improve the children’s executive functioning skills and were interested in seeing how long they would try to unlock the box and what they would try.
The researchers then gave them strategies to help them.
The Strategies:
- Pretend to be like Batman
- Pretend to be like Dora The Explore
The results were that the kids that stayed with it the longest were the ones that really got into their pretend roles. They were more flexible and calmer
One four-year-old even said, “Batman never gets frustrated.”
đź’¬ My thoughts:
The idea of an alter ego is not a new concept, but its somewhat unknown and definitely underused. What you'll find though, is that MANY of the most successful people in the world go into an alter ego state during "game time".
As a parent, I know that teaching my kids to pretend to be like Batman or another character that is strong, brave, courageous, etc can ONLY help them - "it creates psychological distance" and develops this skill early on.
I hope you enjoyed reading this newsletter as much as I enjoyed writing it. I pour into it through the week and then tie a nice bow on it over the weekend to get it out. I LOVE this stuff!
If you found any of it valuable, or know someone as obsessed with entrepreneurship as you and I are, please feel free to share this link
Until next time...
Stay in the fight,
