The New 1% - podcast cover

The New 1%

Timothy Douglasβ€’workwithtimmydouglas.com
Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...
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Episodes

A Deep Dive into Chimney Repair & Duct Cleaning Ventures" πŸŽ„

πŸ”₯ Ready to make way for Santa Claus with your own Chimney Repair and Duct Cleaning business in Maryland? Explore the intricacies of acquiring a business with just a 10% down payment on an SBA loan! Dive into our latest episode for a detailed analysis of this unique opportunity. πŸ”₯ 🎧 Episode Highlights: 1️⃣ Red Flag Alert: "Employee-free Business" - Understand the challenges and opportunities of acquiring a business currently operating without employees. Is it a hidden gem or a cautionary tale?...

Jan 10, 2024β€’7 min

"The Power of Branding: Lessons from Nike & Jordan" πŸš€

πŸ‘Ÿ Think of Nike's iconic swoosh. Ever wonder what catapulted it to fame? Hint: It's got everything to do with Michael Jordan! Dive into our latest episode to unravel the secrets of iconic branding and how you can apply these lessons to your business. πŸ€ 🎧 Episode Highlights: 1️⃣ Mission Definition: "Crafting Your Brand's Mission" - What's the core purpose of your brand? We start by defining the mission that drives your brand forward. 2️⃣ Audience Understanding: "Knowing Your Audience" - Who ar...

Jan 09, 2024β€’10 min

πŸš€ "Following Musk's Footsteps: Aligning Passions with Business" πŸš€

πŸ€” Did you know Elon Musk's ventures are deeply rooted in his childhood passions? What if YOU could chart a similar course? Dive into our latest episode where we unpack the blueprint to aligning your business with your passions - a strategy not just for fulfillment but for impactful wealth creation! 🌌 🎧 Episode Highlights: 1️⃣ Skill Assessment: "Evaluating Personal Strengths" - Discover your unique skills, just like how Elon pinpointed his strengths to revolutionize industries! 2️⃣ Interest Ex...

Jan 08, 2024β€’9 min

Week 16: The Journey to the New 1% - Targeting, Expansion, and Challenges" πŸš€

πŸ“ˆ This week on our journey to the new 1%, we delve deep into strategic targeting, real estate expansion, and overcoming challenges. Join us as we share insights from our personal journey, aiming to inspire and guide fellow entrepreneurs. It's a raw, real, and revealing look into the world of business and personal growth. 🌟 🎧 Episode Highlights: 1️⃣ Narrowing the ICP (Ideal Client Profile): We've honed in on our target audience - young, Christian, business-minded, and impact-focused salespeopl...

Jan 08, 2024β€’12 min

The Journey of Community Investing Newbies 🌱

"Join us in tracking the progress of our community investment novices on their entrepreneurial adventure! πŸ“ˆ πŸ—“οΈ Timeline Check: Dec 2: Venture begins Dec 19: 'Outsourced Services LLC' is born Dec: $2,400 pooled in shared account LLC Setup Cost: $400 πŸ€” Challenges & Insights: The debate over which package to choose on IncFile Exploring business credit for early financing DIY approach: No paid help, all self-research First month: No significant progress Meeting schedule: Started weekly, then ...

Jan 06, 2024β€’11 min

The Law of Solid Ground: Groups rise and fall on their leaders

"Leadership can transform a pack of lions led by a dog into warriors, or reduce them to mere followers. Discover the essence of true leadership in our latest podcast episode, featuring the wisdom of John Maxwell. πŸ”‘ Key Takeaway: Leadership is about trust, not just authority. Maxwell's Law of Solid Ground teaches us that trust is the foundation of effective leadership. But how is this achieved? 1️⃣ Competency: Excel in your responsibilities. Aim to be world-class in what you do. 2️⃣ Character: E...

Jan 06, 2024β€’12 min

The Gordon Moore Legacy - From Silicon Start-Up to Tech Titan πŸš€

πŸ‘¨β€πŸ’» Dive into the extraordinary journey of Gordon Moore, the mastermind behind Intel, in our latest podcast episode! Discover how a small startup evolved into a global tech powerhouse through strategic growth and innovation. 🌟 πŸ” Episode Highlights: 1️⃣ Early Decisions: The Microprocessor Revolution - Uncover how Moore's initial focus on microprocessors set Intel on a path to dominate the computing industry. A tale of vision and foresight! πŸ–₯️ 2️⃣ Strategic Pivots: Diversifying into New Horiz...

Jan 05, 2024β€’11 min

Sweet Opportunity: Owning a Crumbl Cookies Franchise in Dallas" πŸš€πŸͺ

"πŸͺ Craving a Sweet Business Venture? πŸ“ˆ Tune into our latest podcast episode! We're diving into the delicious world of owning a Crumbl Cookies franchise in Dallas, TX. πŸ“ πŸ’‘ Learn how with just 10% down, you can secure an SBA loan and acquire a Crumbl Cookies store for $550,000. Your journey to entrepreneurship starts with a $55,000 down payment and a dream! πŸ’­πŸ’° πŸ” We're not just talking cookies; we're talking strategy. From assessing cash flows and potential red flags to leveraging franchise ...

Jan 03, 2024β€’6 min

Unveiling the Art of Sales - A Journey Beyond the Product

πŸš€ "People don't know what they want until you show it to them." - Steve Jobs. 🌟 Dive into the world of effective sales strategies, where it's not just about selling but deeply understanding and fulfilling customer needs. Our latest podcast episode unpacks this concept, inspired by the legendary Steve Jobs. Perfect for sharing on LinkedIn and Twitter, here's a glimpse of what we cover: 1. **Customer Insight** 🀝: Explore the depths of what your customers truly need. Learn to anticipate and fulf...

Jan 03, 2024β€’10 min

πŸš€ Ready to buy a business? Start by finding your sweet spot! 🎯

πŸ“ Here's how: 🧐 Self-Assessment: Identify your skills, passions, and personality. What industries align with your expertise and enthusiasm? 🌐 Market Research: Explore businesses in fields you know well and are passionate about. Familiarity is key. πŸ“ˆ Growth Potential: Seek businesses with exciting growth opportunities. Can you see its potential? 🀝 Cultural Fit: Ensure the business's culture and values resonate with your own. Alignment is vital for long-term satisfaction. Discover the perfect...

Jan 01, 2024β€’8 min

πŸš€ Week 15 on the Journey to the New 1% - The Power of Consistency! 🌟

πŸ“ Here's the weekly update: πŸŽ™οΈ Content Creation: Took a break this week – all content recorded in advance. πŸ“¨ DM Mastery: Ongoing outreach efforts with improvements in the pipeline. πŸ“Š DM Analytics: Analyzing data for better targeting, offers, and conversions. 🏠 Sober Living Ventures: Stepping up property search and addressing seller issues. Consistency is key on the path to the New 1%! What does your journey look like this week? 🌐 #Entrepreneurship #ConsistencyIsKey #RealEstateInvesting...

Dec 31, 2023β€’4 min

Meet the Fantastic Eight, a group of friends who turned $300 a month into community investing success

First, meet Emma, the visionary always thinking several steps ahead. Liam, the analytical strategist, meticulously plans each investment. Ava, the social butterfly, forges connections with ease. Ethan, the financial whiz, manages their finances with precision. Mia, the creative innovator, constantly brainstorming ideas. Oliver, the risk-taker, unafraid of the unknown. Sophia, the PR guru, ensures their message reaches a wider audience. And Noah, the meticulous organizer." "Pooling $300 a month i...

Dec 30, 2023β€’6 min

Leading with Empathy: The Law of Addition in Leadership

Oprah Winfrey once said, 'Leadership is about empathy.' Discover the profound truth behind the Law of Addition: 🀝 Leadership Through Empathy: Explore how true leaders add value by fostering empathy within their teams and organizations. It's not about power, but empowermentβ€”lifting others up to reach their potential. πŸ‘‚ Active Listening: Dive into the importance of active listening in leadership. Learn how truly hearing your team's ideas and concerns creates an environment of trust and collabora...

Dec 29, 2023β€’11 min

From Dime Store to Global Philanthropy: The Walton Family's Remarkable Journey

From a single-dime store to a global retail empire, the Walton family's journey is nothing short of extraordinary. But do you know how their success translates into philanthropy each year? πŸ›’ Sam Walton's Vision: Explore the entrepreneurial journey of Sam Walton, the man behind the dime store that started it all. Learn about his visionary approach to offering lower prices and better service, a philosophy that revolutionized retail. πŸ’‘ Innovation in Retail: Discover the innovative strategies empl...

Dec 28, 2023β€’8 min

πŸŽ™οΈ Podcast Episode: "Unlocking Business Opportunities: Buying an Online Jewelry Store"

Buy $60,000 in cash flow for $7,500! πŸ’° Secure an SBA loan with just 10% down and acquire your very own online jewelry store. Here's how: πŸ’Ž The Deal: The purchase price is $75,000. Your down payment? Approximately $7,500, leaving you with a debt of about $67,500. Monthly payments of $1,030, with $48,000 leftover. A golden opportunity, right? 🚩 Identify Red Flags: First, let's talk strategy. Pinpoint potential red flags. Are they selling you recent cash flow? Is there a track record worth consi...

Dec 27, 2023β€’7 min

Advertising Strategies: Navigating the Path to Audience Connection

Imagine if Apple never advertised the iPhone. πŸ“± Hard to picture, right? Advertising is about making your brand known, but it doesn't have to be a global blitz from day one. 🎯 Target Audience: Start with precision. Define and understand your target audienceβ€”their demographics, psychographics, and buyer personas. Tailor your advertising efforts to resonate with the right people. πŸ’‘ Message Clarity: Crafting your message is key. Make it clear, compelling, and convey your unique value proposition....

Dec 26, 2023β€’12 min

πŸš€ Week 14 on the Journey to the New 1% is all about growth and fine-tuning! 🌟

πŸ“ Here's the weekly recap: πŸŽ™οΈ Content Creation: More valuable content in the works. πŸ“¨ DM Mastery: Continued outreach to build our community. πŸ“š Free Courses: Recording and sharing knowledge consistently. πŸ“Š DM Analytics: Analyzing the data, with a .4% response rate. 🎯 Targeting Refinement: Tweaking the offer, targeting, and copy for better results. 🏠 Sober Living Ventures: Clearing up landlord communication and ramping up property search. Every week is a step closer to the New 1%! What's yo...

Dec 26, 2023β€’9 min

πŸš€πŸ’° Curious about financing options for buying a business? Let's dive in!

1️⃣ Traditional Bank Loans: Classic choice with structured repayment plans. 2️⃣ SBA Loans: Government-backed, great for small businesses with lower down payments. 3️⃣ Seller Financing: Sellers help fund your purchase with flexible terms. 4️⃣ Venture Capital: Ideal for high-growth businesses, offering investment for equity. 5️⃣ Private Equity: Perfect for established businesses. 6️⃣ Creative Options: Explore earnouts, crowdfunding, and more! Each option unlocks unique possibilities for your dream...

Dec 26, 2023β€’10 min

🌟 Transforming $600 a month into a thriving business empire? These six friends made it happen! πŸš€

🀝 Meet the Dream Team: πŸ‘— Emily: The Marketing Marvel πŸ’° Alex: The Financial Wizard πŸ’» Jordan: The Tech Genius πŸ‘₯ Taylor: The HR Guru πŸ“ˆ Casey: The Sales Pro βš–οΈ Morgan: The Legal Protector Together, they've acquired three diverse businesses, leveraging their unique skills and passions: Sustainable Fashion Brand ♻️ Tech Solutions Firm πŸ’‘ Gourmet Food Truck Chain πŸ” Their journey doesn't end here; they're gearing up for the next big move! Tune into our podcast to discover their inspiring story an...

Dec 23, 2023β€’4 min

πŸš€ Leaders, have you heard of The Law of Navigation? It's a game-changer for steering your team toward success! 🌟

πŸ—ΊοΈ Here's a compass to navigate your leadership journey: Clear Vision: Start with a crystal-clear vision. Know where you're going and how to get there. 🌠 Overcoming Obstacles: Anticipate challenges and prepare your team to navigate through them. Smooth seas never made skillful sailors! 🌊 Adaptability: Flexibility is key. Adapt your strategies in response to changing circumstances. πŸ”„ Collaboration: Don't sail alone! Involve your team in decision-making and foster a collaborative environment f...

Dec 22, 2023β€’7 min

🎬 From Hollywood to the skies and beyond, Howard Hughes was a true trailblazer who changed the film industry and revolutionized aircraft design. πŸ›©οΈ

🌟 Hughes' innate curiosity and relentless drive led him to: Hollywood Innovation: He became a famed filmmaker, pushing industry limits and challenging censorship. Aviation Pioneer: Setting world records and revolutionizing aircraft design with the H-1 Racer. Military Contracts: Taking on ambitious projects during World War II, including the iconic 'Spruce Goose'. Reshaping Las Vegas: Making significant real estate investments, foreseeing its potential as a major city. Biomedical Legacy: The How...

Dec 21, 2023β€’7 min

πŸ”§ Ready to own an HVAC business and generate $210,000 cash flow with no money down? πŸ‘πŸ’° Secure an SBA loan with just 10% down to acquire this Ocala, FL gem!

🏒 Purchase price: $750,000 πŸ’° Down payment: $75,000 πŸ’Ό Debt: $675,000 πŸ’΅ Monthly debt payments: $10,300 With strategic planning, you'll have $90,000 leftover for the year. Set aside $30,000/year for equipment loans, leaving you with a cool $60,000 annually. πŸ’‘ 🚩 Red Flags: Labor challenges in HVAC and strong competitors. βœ… Strengths: No advertising, yet remarkable growth, and two experienced technicians staying on board. Consult your dream team - accountant, lawyer, equity partner, and a due d...

Dec 20, 2023β€’7 min

Ready to build a high-performing dream team for your business? Let's unlock the essentials! πŸš€

1️⃣ Hire Right: Mix skills and personalities for diversity that fuels creativity. 2️⃣ Invest in Training: Equip your team with knowledge and tools for success. 3️⃣ Foster Positive Culture: Create an environment that encourages collaboration and growth. 4️⃣ Set Clear Goals: Define expectations to supercharge efficiency. 5️⃣ Recognize Achievements: Appreciation boosts morale and motivation. Nurturing talent is the key to a top-notch team. Share this with fellow dream team builders! πŸŒπŸ“ˆ #DreamTeam...

Dec 19, 2023β€’9 min

Mastering Due Diligence: Unveiling the Secrets of Successful Business Purchases

πŸŽ™οΈ Did you know that Warren Buffett spends 80% of his day reading and analyzing? πŸ“šπŸ’Ό In this episode, we dive into the art of due diligence during a business purchase. Discover how to cover your bases and make informed decisions. πŸ” Financial Health: Uncover the significance of scrutinizing financial statements, balance sheets, income statements, and cash flow. Learn to spot financial red flags early on. βš–οΈ Legal Matters: Navigate the complexities of legal due diligence. Explore ongoing litiga...

Dec 18, 2023β€’9 min

πŸŽ™οΈ Podcast Episode: "Week 13 on the Journey to the New 1%"

Welcome to Week 13 on the Journey to the New 1%. Let's dive into the highlights: πŸ“ Creating Content and Community Building: In this episode, we explore the power of content creation and the ongoing journey of building a thriving community through DMs. πŸŽ₯ Free Courses and Daily Reporting: Honest insights into the challenges of recording free courses and the importance of improving daily reporting in your entrepreneurial endeavors. 🏑 Sober Living Focus: Get an inside look at the focus on Sober L...

Dec 18, 2023β€’8 min

πŸ“šβœ¨ Unleashing The Chapter & Verse Bookstore Magic! πŸš€

Picture this: A struggling bookstore transformed into a thriving community hub - the story of 'The Chapter & Verse Bookstore' unfolds, fueled by a shared vision among four friends. πŸ“–πŸŒŸ Ethan's discovery of this quaint store in the historic district ignited a spark within the group. Despite financial hurdles and renovation challenges, they blended their passions and expertise to revamp the space. πŸšοΈπŸ› οΈ Meet the Dream Team: Ava, the fashion flair ✨ Liam, the tech wizard πŸ“± Zoe, the wellness ...

Dec 15, 2023β€’7 min

πŸš€ Unlocking Leadership Excellence: The Law of Process 🌟

Great leaders are not born; they are developed daily through the Law of Process by John Maxwell. πŸ“–πŸŒ± Here's how you can harness this powerful law in your daily life: Commit to Continuous Learning: Embrace each day as an opportunity to grow and become a better leader. πŸ“šπŸŽ§πŸ§  Practice Self-Reflection: Dedicate time daily to reflect on your decisions and interactions. How can you improve for tomorrow? πŸ€”πŸ“ Seek Feedback and Act on It: Constructive criticism is your secret weapon for growth. Embrac...

Dec 14, 2023β€’14 min

🌟 J. Paul Getty: From Inheritance to Enormous Wealth 🌟

Discover the incredible journey of J. Paul Getty, once the richest man in America, who inherited a modest business from his father and turned it into an empire through strategic acquisitions. πŸ’ΌπŸ’° Getty's story is a testament to the definition of luck: "Preparation meets opportunity." πŸ€ He took daring risks, like his bet in Saudi Arabia, where oil wasn't yet flowing, but fortune favored the bold. πŸ›’οΈπŸ‡ΈπŸ‡¦ He ventured into real estate with properties in England and the iconic Pierre Hotel in New ...

Dec 13, 2023β€’8 min

🌟 Customer Success vs. Customer Service: Unveiling the Key Differences! 🌟

In this podcast episode, we'll unravel the distinctions between customer success and customer service – think of it as the Oprah Winfrey vs. a skilled 911 operator of the business world! πŸŽ™οΈπŸ’Ό Customer Success: πŸš€ ✨ Proactive engagement ✨ Guiding customers to 'aha' moments ✨ Long-term strategy with specific goals Customer Service: 🚨 πŸ”₯ Reactive nature πŸ”₯ Problem-solving in crisis πŸ”₯ Immediate support to extinguish the fire But here's the secret sauce: synergizing both roles for enhanced custome...

Dec 12, 2023β€’10 min

πŸ” Discover the Secrets to Finding Businesses for Sale! πŸ’πŸ’Ό

In today's episode, we're unveiling the top resources for finding your dream business to buy, and you won't believe how accessible it is! 🌐 πŸ₯‡ First on the list is BizBuySell.com, the largest online marketplace for business listings. 🌟 πŸ’Ό Don't forget to explore business brokers, the experts in selling businesses. They hold the keys to your next venture! πŸ—οΈ πŸ’‘ And if you're feeling adventurous, why not go directly to the seller? Build a list or visit local small businesses – your dream opport...

Dec 11, 2023β€’8 min
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