The Money Mindset Mentoring Podcast
Steve Hamoen covers sales and marketing mastery to overcoming challenges, scaling through team development, and harnessing the power of mentorship for rapid growth.
Mastering Business Acquisitions and Real Estate with Shane Wilson
In this episode, Steve Hamoen and Shane Wilson explore buying businesses and real estate investments, focusing on the BRRRR strategy. They discuss risks, due diligence, and the benefits of acquiring established businesses. Topics include diversifying ventures, financing considerations, and balancing expansion with contraction. The duo examines business flexibility versus long-term real estate investments and the need to adjust strategies in a normal market. They highlight the importance of mentorship, execution, and a relentless mentality for success, comparing discipline to talent in achieving business success.
Key Points
- Evaluating the true value and potential of a business involves understanding its cash flow, scalability, and the reliability of its systems and personnel. Diversifying income streams and focusing on businesses with recurring revenue can provide stability and mitigate risks during economic downturns. Mentorship, disciplined execution, and a clear understanding of one’s strengths are crucial for success in both business and real estate investments.
Chapters
| 0:00 | |
| 3:21 | |
| 5:57 | |
| 7:12 | |
| 9:05 | |
| 10:39 | |
| 11:48 | |
| 15:18 | |
| 16:23 | |
| 19:11 | |
| 20:25 | |
| 25:02 | |
| 28:51 | |
| 33:11 | |
| 33:46 | |
| 35:46 | |
| 39:22 | |
| 41:55 | |
| 44:07 | |
| 46:38 | |
| 49:02 | |
| 51:22 | |
| 52:20 | |
| 54:10 |
Transcript
Loading transcript...
- / -