In this episode, Timmy Douglas outlines a smart strategy to acquire a dental practice, securing a substantial annual cash flow with a minimal upfront investment of $49,500. Key Points: Timmy's approach to purchasing a dental practice: Partnering with a Dentist: Collaborate with a dentist, ideally someone you know, and clarify financial and operational terms for your minority shareholder role. SBA Loan: Access an SBA loan with only 10% down (a $445,500 loan) to buy the practice. Cash Flow Managem...
Oct 11, 2023•8 min
In this episode, Timmy Douglas explores the strategies Taylor Swift used to become a global influencer and applies them to market research and influence within your niche. Reel: Timmy highlights how Taylor Swift's presence at a Chiefs game significantly increased ticket prices. He emphasizes the power of understanding your market to exert influence within your niche. Key Points: Timmy examines Taylor Swift's success and how it relates to market understanding: Taylor Swift's Influence: Taylor's m...
Oct 10, 2023•10 min•Ep. 699
In this episode, host Timmy Douglas emphasizes the significance of readiness when closing real estate deals, sharing a personal experience that underscores this importance. Reel: Timmy shares a past incident where he was unprepared to close a real estate deal, leading to strained broker relationships and missed opportunities. This episode highlights the critical lesson of proper preparation in real estate transactions. Key Points: Timmy's story teaches a valuable lesson: The Need for Preparation...
Oct 09, 2023•9 min•Ep. 698
In Week 3: **Updates:** - Designed a new logo with a friend. - Focused on content creation. - Delegated website edits to a VA. - Shared property lists for the Sober Living project with Private Money Partners. - Realized the need to restructure private money arrangements. - Considered the potential of house hacking. - Experienced communication challenges with a family office contact. **Podcast Insights:** - Upcoming tasks include social media editing, course finalization, and innovative advertisi...
Oct 09, 2023•18 min•Ep. 697
Join host Timmy Douglas in this episode of The New 1% Podcast, where he unveils a brilliant strategy for purchasing turnkey businesses with a group of friends. This innovative approach allows you to pool resources and achieve financial freedom together. Reel: Timmy introduces an exciting idea for those seeking financial freedom. By gathering a group of 3-5 friends and combining your disposable income into an LLC, you can collectively invest in turnkey businesses. These businesses are easy to run...
Oct 07, 2023•15 min
In this episode of The New 1% Podcast, host Timmy Douglas dives deep into the detrimental effects of lacking focus in both business and life. He explores how a scattered approach can lead to self-sabotage in three key ways. Reel: Timmy begins by shedding light on the three significant ways in which a lack of focus can hinder success. He emphasizes the importance of concentration, embracing failure, eliminating procrastination, and building positive momentum as essential strategies for overcoming...
Oct 06, 2023•11 min
In this episode of The New 1% Podcast, host Timmy Douglas shines a spotlight on the Lilly family and their extraordinary legacy of philanthropy and impact through the Lilly Endowment. Reel: Timmy begins the episode by sharing the remarkable story of how the Lilly Endowment donated $5.5 million to Gleaner's Food Bank, thanks to the Lilly family's success in the pharmaceutical industry. He highlights the positive aspects of their philanthropic efforts and the broader impact they have had. Key Poin...
Oct 05, 2023•15 min•Ep. 694
In this episode of The New 1% Podcast, host Timmy Douglas shares a strategic approach to purchasing a business that generates $179,000 in annual cash flow for an investment of only $25,000. Reel: Timmy starts the episode by directing listeners to BizBuySell.com and introducing them to a specific opportunity: a massage school in the DFW area. He highlights the importance of assessing competition and demand while considering the business's positioning in the market. Key Steps: Timmy outlines the k...
Oct 04, 2023•10 min•Ep. 693
In this episode of The New 1% Podcast, Timmy Douglas draws inspiration from Fortnite, the popular online game, to explore how you can keep customers engaged in your business for longer durations. Reel: Timmy starts the episode by highlighting the ultimate goal in Fortnite, a "Victory Royale," and how many players struggle to achieve it consistently. He then introduces the concept of reinforcing customer engagement in business to achieve longer-lasting success. Fortnite's Approach: Timmy explains...
Oct 03, 2023•11 min•Ep. 692
In this episode of The New 1% Podcast, Timmy Douglas reveals an innovative approach to acquiring a business with zero personal capital by leveraging your network. Reel: Timmy kicks off the episode with a powerful promise – teaching you how to buy a business without using any of your own money, solely through your phone network. 5-Step Strategy: Timmy lays out a practical 5-step strategy: 1. Create Your List: Start by identifying 30 potential contacts in your phone who are likely to have $50,000 ...
Oct 02, 2023•14 min•Ep. 691
In this week's episode of The New 1% Podcast, Timmy Douglas updates us on his journey to the New 1%. **Reel:** Timmy starts by discussing the week's focus, including website revamping and content creation. **Building the Core 100:** Timmy introduces an exciting initiative, the Core 100. This group is committed to weekly actions helping them buy a business within 12-24 months. Timmy highlights free courses and resources available to members. **Free Courses and Resources:** Timmy lists valuable fr...
Oct 02, 2023•17 min•Ep. 690
In this episode of The New 1% Podcast, Timmy Douglas unveils an ingenious plan to accumulate $4 million in real estate within just four years by partnering with three friends and optimizing your rent expenses. Reel: Timmy introduces the episode, emphasizing an innovative strategy for fast-tracking real estate ownership and achieving financial freedom. Segment 1 - The Quadruplex Investment Strategy: Timmy outlines the initial step of the plan, partnering with three friends, and obtaining an FHA l...
Sep 30, 2023•13 min•Ep. 689
In this episode of The New 1% Podcast, Timmy Douglas discusses why prioritizing people over profit is the key to long-term success. Timmy presents three compelling reasons that underscore the value of investing in people. Reel: Timmy introduces the episode by emphasizing the importance of choosing to invest in people over profits. Segment 1 - People as the Golden Goose: Timmy explains that people are the "Golden Goose" of any endeavor because scaling alone is impossible. Success relies on buildi...
Sep 30, 2023•11 min•Ep. 688
In this episode of The New 1% Podcast, Timmy Douglas explores the unique story of Chuck Feeney, a billionaire with a goal to die broke. Chuck's wealth was built on tax-free luxury goods sales in airports. Timmy delves into Chuck's approach to wealth and giving, urging listeners to measure their lives by their impact. Reel: Timmy introduces the episode by highlighting Chuck Feeney's extraordinary journey from wealth accumulation to giving it all away, focusing on the concept of dying broke. Segme...
Sep 28, 2023•8 min•Ep. 687
In this episode of The New 1% Podcast, Timmy Douglas presents a concise blueprint for acquiring a business generating $446,000 in annual profit with an investment of only $135,000 in just 4-6 months. Reel: Timmy introduces the episode by highlighting the incredible opportunity to purchase a profitable business with a relatively small investment. Segment 1 - Scour Bizbuysell.com: Timmy advises visiting Bizbuysell.com and searching for a commercial landscaping company in Harris County. He stresses...
Sep 27, 2023•9 min•Ep. 686
In this episode of The New 1% Podcast, Timmy Douglas unveils three potent strategies inspired by Alex Hormozi, helping you emulate the top .1% of advertisers without delay. Reel: Timmy introduces the episode by highlighting the unique approach of the top .1% advertisers, as discovered by Alex Hormozi. Segment 1 - Create Content: Timmy explains the first strategy: creating content. He simplifies the process, guiding listeners to pick a topic, identify subtopics, and offer solutions to problems, l...
Sep 26, 2023•9 min•Ep. 685
In this episode of The New 1% Podcast, Timmy Douglas shares a concise plan for aspiring acquisition entrepreneurs to initiate conversations with potential sellers before 2023. Reel: Timmy introduces the urgency of the opportunity and outlines the three key steps to connect with sellers in the coming months. Segment 1 - Define Your Acquisition Statement: Timmy emphasizes crafting a clear acquisition statement, specifying the type of business, location, and key criteria. Segment 2 - Source the Lis...
Sep 25, 2023•10 min•Ep. 684
In this episode of The New 1% Podcast, Timmy Douglas shares the exciting pivot the podcast is making, focusing on acquisition entrepreneurs and their mission to create impact through buying, selling, and operating assets. Reel: Timmy introduces the podcast's new direction, centered on impact rather than wealth, and announces their venture into asset ownership, particularly sober living homes in Austin. Segment 1 - The New 1% Defined: Timmy discusses the cultural shift behind the New 1% movement ...
Sep 24, 2023•11 min•Ep. 683
In this episode of The New 1% Podcast, Timmy Douglas unveils three innovative ways to launch your home services business by harnessing the power of community investment. Timmy presents practical approaches to ignite momentum and drive success collectively. Reel: Timmy introduces the concept of community investment as a catalyst for your home services business. He outlines three distinct methods designed to kickstart your journey. Segment 1 - Direct Mail Marketing: Timmy explains how to use direc...
Sep 23, 2023•12 min•Ep. 682
In this episode of The New 1% Podcast, Timmy Douglas reveals the impact of undervaluing employee salaries using the story of Michael, a young and ambitious worker. Reel: Timmy introduces Michael, an energetic go-getter who initially earned $45,000, received a 22% raise to $55,000, and then requested $60,000. However, the raise was tied to performance metrics, leading to unexpected consequences. Segment 1 - Employee Value Recognition: Timmy explores Michael's perspective, emphasizing that his ext...
Sep 22, 2023•12 min•Ep. 681
In this episode of The New 1% Podcast, Timmy Douglas explores how the Hilton family, with their $6.9 billion endowment, addresses homelessness in Los Angeles County. Here's a concise breakdown: Reel: Timmy introduces the Hilton family's commitment to tackling homelessness, rooted in Conrad Hilton's will and the principle of "Love one another." Segment 1 - Hilton Foundation's Approach: Timmy outlines the four methods the Hilton family employs to combat homelessness, emphasizing their substantial ...
Sep 21, 2023•8 min•Ep. 680
In this episode of The New 1% Podcast, Timmy Douglas lays out an audacious challenge: acquire a business generating $2.6 million in annual profit with a $2.4 million investment within the next 90 days. Here's a concise breakdown of the key steps: Reel: Timmy presents the challenge of acquiring a $2.6 million annual profit business within 90 days through BizBuySell.com, focusing on an Education/B2B Training Business designed to help entrepreneurs reach $1 million in a year. Segment 1 - Opportunit...
Sep 21, 2023•18 min•Ep. 679
In this episode of The New 1% Podcast, we unravel the story of Ryan Reynolds' strategic investment journey from Mint Mobile to Nuvei. Reynolds, who sold Mint Mobile for $300 million, shared his two key investment principles: Segment 1 - Evaluating Business Structure & Operations Reynolds emphasized the importance of a stellar leadership team at Nuvei and their relentless dedication. This segment highlights the significance of in-depth analysis when considering investments. Segment 2 - Unders...
Sep 19, 2023•15 min•Ep. 678
In this episode of The New 1% Podcast, host Timmy Douglas delves deep into the critical debate of Quality vs. Quantity in Sales Outreach. He starts by recounting his own experiences, where a bulk email blast with minimal personalization resulted in zero responses. However, a transformative shift towards hyper-personalization, with a focus on prospects' charity affiliations, content production, and cherished methods, yielded remarkable results with just 20 carefully crafted emails. This segment u...
Sep 19, 2023•13 min
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT What is it? Interpretation: Do what Makes you Feel most alive Self-Improvement Application: Phase 6: Conduct a Time Audit Entrepreneurial Application: Stage 5: Marketing/Branding Where has it shown up in my life? Picking an inspiring enough goal to get up out of bed every morning Where do I want it to show up in my life? Keeping that goal and the results at the forefront of my brain How can you appl...
Sep 17, 2023•6 min
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT What is it? Interpretation: Serve with Integrity and be patient on the reward Self-Improvement Application: Phase 3: Finding Clarity Entrepreneurial Application: Stage 1: Audience (Seek First to Understand) Where has it shown up in my life? Missing the mark on understanding my audience Where do I want it to show up in my life? Knowing People better than they know themselves because I know who God ca...
Sep 16, 2023•6 min•Ep. 675
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT What is it? Interpretation: How you Treat Others has an impact on you Self-Improvement Application: Phase 7: Taking Daily Action Entrepreneurial Application: Stage 2: Offer (Servant Leadership) Where has it shown up in my life? Choosing Kindness with people Where do I want it to show up in my life? Being Present with People How can you apply it to your life? Go out of you way to do a kind thing ever...
Sep 15, 2023•4 min
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT What is it? Interpretation: Grace is Honorable. Profits are unnatural and consist of violent action Self-Improvement Application: Phase 8: Measuring Results Entrepreneurial Application: Stage 5: Marketing/Branding Where has it shown up in my life? Prioritizing Execution instead of Kindness Where do I want it to show up in my life? Right Understanding of Kindness How can you apply it to your life? Em...
Sep 15, 2023•6 min
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT What is it? Interpretation: Build Relationships and empower people to put their own skin in the game Self-Improvement Application: Phase 7: Taking Daily Action Entrepreneurial Application: Stage 4: Sales (Communication) Where has it shown up in my life? Going towards Selling products that allow me to provide value sustainably. Where do I want it to show up in my life? Enabling People to put in sweat...
Sep 13, 2023•7 min•Ep. 672
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT What is it? Interpretation: Get Good People Around You, Stop Doing it Alone Self-Improvement Application: Phase 10: Cut Negative Influences / Build Positive Influences Entrepreneurial Application: Stage 1: Audience (Seek First to Understand) Where has it shown up in my life? Joining Subto and reaching out to potential PMP Where do I want it to show up in my life? Network of 800,000 entrepreneurs add...
Sep 12, 2023•5 min•Ep. 671
