You'll Never Make $100 Million From One Business

0:00What's your 5-10 year goal? How would you go and accomplish that in 1 year? >> I think it's all about opportunities. It's opportunities. Cuz if you think about like cuz I mean, I talk a lot about leverage, so the difference between what you put in and what you get out. And there are few things that give greater leverage than the opportunity vehicle that you're pursuing. And so like um if you run a local business or restaurant, for example, uh you may work 80 hours a week to make that restaurant successful.

0:24Um if you run a platform that you know creates aggregated buying power for all restaurants uh to buy together and then you make some sort of spread on that. Uh then you still probably work 80 hours a week, but you probably have a significantly larger opportunity. And so it's just like making sure that we pick, you know, the right boat to use Warren Buffett's analogies to be in the right boat. Um and I think that's where like strategy and having people ahead of you because the biggest thing when I was starting out was that I just didn't know I didn't understand any of this stuff.

0:53Um and just like how much leverage you can get on an opportunity. And so it's like if you have one successful gym they're like, you're never going to make $100 million on one gym. It's just not going to happen. And so just just like just stating that fact outright um really does shift your behavior into like what what opportunity could I put the same 5 years into and it could result in $100 million or a billion dollars or $10 billion.

1:18Um and then just being ruthlessly selective about those things. And I think that from an entrepreneurship perspective, what really happens like the rich get richer sure because they get smarter, but I think a lot of it is because what they choose to pursue. And so like when I was starting out I would be really excited about $10,000 a month opportunity. Um and then, you know, you make $100,000 a month. And then basically you can say no to everything that's below that. But then all of a sudden other $100,000 a month opportunities seem like a double. You're like, "Oh my god, this [clears throat] could be huge." And this is where the shiny object syndrome um gets really dangerous. But I don't think the shiny object syndrome really disappears ever. I think it's just the the opportunities just look better. And so you can easily if you've leveled up to the point where I can say no to a $10,000 a month opportunity now, or a $100,000 or even a million a month opportunity.

2:01Um but like, it's still hard to turn down a $10 million a month opportunity, yeah, right? And so, um that's where I think some of the discipline and and one of the hardest parts of entrepreneurship is like knowing when to push and knowing when to pivot. >> [snorts] >> If you like this video and you're a business owner who wants to break through your current revenue ceiling, I just sold every lesson from scaling 10 businesses past 10 million and three businesses past 100 million into a completely free scaling road map that I've used to go from zero to one, zero to 10, and zero to 100 plus. And so, you can click here and you can check it out.

2:36Again, absolutely free, and since you're a business owner, I appreciate you and enjoy.