Millionaire University

In this episode you get to spy in on a LIVE coaching session I did with Lenny Tim. Lenny has been a full time entrepreneur for several years and makes 6 figures a year in his businesses, but wants to get to the 7 figure mark. In this episode I coach him (and you through him) on the steps he needs to take to get through his plateau and reach 7 figures and beyond! 00:00 Introduction and Overview 01:11 Coaching Session Begins: Understanding Lenny's Current Business Situation 02:14 The Importance of Business Clarity and Focus 04:48 The Misconceptions of Passion in Business 05:14 The Reality of Turning Passion into Profit 08:42 The Dilemma of Multiple Business Ventures 11:02 The Importance of Setting Clear Financial Goals 13:58 The Challenge of Scaling and Leveraging in Business 17:40 The Power of Commitment and Persistence in Business 25:26 The Role of Key Performance Indicators in Business Growth 27:31 Conclusion and Next Steps To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

How to Start a Mobility Scooter Rental Business (and Other Rental Business Ideas) With Lenny Tim00:00 Introduction and Personal Updates00:45 Discovering the Mobility Scooter Rental Business03:13 Interview with Lenny: The Journey to Entrepreneurship07:44 Starting a Mobility Scooter Rental Business10:11 Pricing and ROI of the Rental Business14:49 Marketing and SEO for the Rental Business17:07 The Importance of Customer Reviews17:28 Building a Business Website17:57 Creating a Google My Business Account20:03 Understanding the Demand Before Investing22:04 Expanding the Business: Generators23:06 Brainstorming Ideas for Rental Businesses23:59 Understanding Keyword Research25:32 Sharing Rental Business Ideas27:37 The Growth and Future of the Rental Business30:47 Coaching Session Preview31:18 Closing Remarks and Podcast Wrap-upTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

In This Episode Chris Lollini Teaches How to Start a Software Business (Saas) Without Having to Create Your Own Software - Making a Multiple 6 Figure Income White Labeling Saas - With Chris Lollini  00:00 Introduction and Overview 00:36 The Concept of Starting a SaaS Company Without Actually Owning a Software 02:21 Guest Introduction: Chris Lolini's Journey 03:21 The Impact of Books and Travel on Chris's Entrepreneurial Journey 04:05 The Concept of Lifestyle Design 04:48 The Evolution of Chris's Business Model 06:19 The Importance of Positioning and Packaging Your Offerings 07:14 The Balance Between Work and Personal Life 09:50 The Value of Providing Service Alongside a Software 15:51 The Importance of Differentiating Your Offer and Targeting High-Value Customers 17:36 The Power of Demonstrating Value and Making Business Easy for Clients 22:41 The Impact of a Strong Offer on Business Success 23:30 Creating a Standout Offer 24:18 The Importance of Passion and Discipline in Business 25:00 The Value of Mentorship and Self-Initiative 26:37 Expanding Business Services and Client Relationships 28:07 Balancing Work and Family Life 28:14 Exploring New Business Opportunities 29:06 Reflecting on the Entrepreneurial Journey 37:53 The Benefits of Reselling Software 38:23 Closing Thoughts and Contact Information To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

For those of you who have been following the podcast, know that we're getting ready to sell our house.It's been pretty busy around here, so we're trying to get as many people as we can over here to help. Tara's brother, Tyson, my brother-in-law, who I interviewed on the last podcast has been staying with us in our guest house, and he's been really helping us get things ready. And just a few days ago we said to him, Hey Tyson, we need more help. And he's like, okay, I know some people. So he's been bringing over his good friend Will who is also a recovering alcoholic/drug addict, and he's been helping us out for the last few days.So that's been awesome. Now I've only talked to Will for a brief second one time and yesterday he came up to me right before he was leaving and just said, "Hey, I just wanna thank you for the podcast. It's really been helping me out." And so then I was talking to Tyson a little bit more about his situation after Will left, which is kind of similar to Tyson's, I said, Hey, tell him if he listens to all the podcasts, that I'll mentor him if he wants.So last night, as I was laying there in bed and knowing that I needed to record a podcast today, I had all these ideas of different things that I could talk about on the podcast today, but none of them were really pulling out my heart. And I was thinking "What is on my mind right now? Will is on my mind. The people who represent Will are on my mind"Those of you who are struggling in life, but you know, there's something more. And you're just not totally sure how to get there. You just need someone telling you that you can get there and maybe helping, giving you a little bit of groundwork or things to think about. So that's what we're gonna do today. I am basically going to begin to mentor Will and let him know what he should do to get the success in his life that he's looking for. 00:00 Introduction and Memorial Day Acknowledgement01:06 Moving House and Preparations01:28 Help from Friends and Family02:22 The Importance of Self-Motivation03:19 Podcast Inspiration and Audience Engagement03:48 The Simplicity of Success05:55 The California Dream: Clarity, Accountability, and Action06:58 Steps to Achieve Your Ideal Life09:29 Determining Your Financial Goals09:53 Choosing Your Vehicle to Success15:31 Creating Your Plan and Non-Negotiables17:23 Starting Your To-Do List18:08 Embracing Change and Overcoming Failure18:21 The Power of Feedback and Adaptation18:40 Balancing Business and Personal Life19:44 The Importance of Taking Action19:54 The Five-Step Process to Success21:59 The Role of Accountability and Execution22:53 The Importance of Time Management and Accountability24:53 Understanding Key Performance Indicators (KPIs)28:37 The Journey to Living Your Dream28:51 Closing Remarks and EncouragementToday we'll go over the 10 step blueprint to help you gain clarity and help you reach your goals! For more information go to MillionaireUniversity.comTo get access to our FREE Business Training course go to MillionaireUniversity.com/training.And follow us on:InstagramFacebookTik TokYoutubeTwitterTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's interview is unlike any podcast I've ever done in my life the last couple weeks. We've had, my brother-in-law who is Tara's brother Tyson, staying with us in our guest house and helping us do some repairs and some different things on our house before we sell it. And Tyson's a recovering alcoholic drug addict has been in and out of jail several times for the last few years.For the past several years. He hasn't even been really a part of our life because we just didn't feel like it was safe with his different things he had going on in relationships. And we just had to totally distance ourself, even though we literally live in the same county, like we're the only family members who live right by each other, but we just couldn't be in contact with him.Now he's living with us and we see him every day all the time. It's pretty wild how it happened. But anyway, he basically has like nothing, like no money, like starting over from scratch after everything that he is been through. So we've given him a job.It's a labor job, but I've kind of been talking to him about goals and where he wants to go from here because we're not gonna be here for very long. And even getting paid the amount that he can get paid from a job like this just isn't going to be enough to take care of the needs that he has to be able to see his kids more often and pay child support.And get back on his feet in the way that he would need just to live a good, normal, healthy life and pay off some debts and stuff. So as I've been talking to him, it just made me think of a lot of people out there. You know, I know this is Millionaire University and the goal is to become financially free and make millions of dollars, but we all start somewhere.So I thought it might be kind of cool as I'm talking to Tyson and we're working together and working with him, and, you know, I can't take any of the credit when I believe when the student is ready, the teacher will appear and this guy is ready. He's humble, he's, he's a listener, but a lot of the things that I've been talking to him about I thought would be good for you guys to hear.And I think there's a lot of good takeaways that you can take from the things that we've been talking about. So anyway, I, I asked him, I said, Hey, do you want me to interview you? And he's like, okay, sure. And I thought we would share like two to five minutes of his background just kind of show, Hey, Tyson's kind of hit rock bottom and we're gonna help him on his way.But this interview just turned into so much more and I just let him talk and I listened. Of course I interjected from time to time, but I just listened. And at first I thought, oh, I like, this is Millionaire University. What does a story about someone who has hit rock bottom and struggled with drugs and alcohol and relationships and gone to prison?Like, what does that have to do with. Making money in Millionaire University. So I thought about editing it down to like 20 minutes, but I, I just couldn't, I don't know, maybe it is just me cuz he's family, but I just have to believe that there's someone out there who has to hear his story. So I'm just gonna put it all out there.For more information go to MillionaireUniversity.comTo get access to our FREE Business Training course go to MillionaireUniversity.com/training.And follow us on:InstagramFacebookTik TokYoutubeTwitterTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

I've worked with my husband for 17 yearsAnd we almost got divorcedHere are 9 quick tips for working with your spouse1. Don't be a dream killer When my husband came to me with his first idea, we were pregnant & broke. His idea excited & terrified me. But I didn't kill it. I fed it & it changed me, and we've had some crazy success. I know I'm better today because of the risks we took long ago2. Don't suffer in silenceI never wanted to be a burden to my husband so I stressed in silence. Over time we were distant. Distance became disconnection. Don't be afraid to tell your partner what you love & what terrifies you about the life & business you are creating together.3. Your sex life is a priorityA sexless marriage & a thriving business aren't that fun. Trust me. You can make all the money in the world, but if there's no intimacy in your marriage, the business just becomes a thing to do. Be intentional & create space for intimacy every day.4. Tell your partner 5 things you like about them before you critique themWe all work hard. But does our spouse see it? Before you tell them what's bugging you about working with them.Tell them 5 things you appreciate . When we are seen we are more open to feedback.5. Develop a backboneWhen we started our 1st business I was terrified. I had no idea how to run a business. So I leaned on my husband A LOT. If he made a mistake, I got MAD. I was afraid and I blamed him for it. So I developed skills & my own confidence & now we stand together.6. Find your sweet spotYou are GOOD at something and your partner is GOOD at something . Do you know how to make your differences work together? Opposites attract so learn to use and leverage those differences to create a well-rounded business . It will be magic if you do7. Let your partner goIf you can't be on your own, you'll struggle being together. If your partner makes you feel bad, then you'll have to control them to feel good. They don't MAKE you feel anything. You are responsible for your own emotions. It's always been you facing you8. Let them see ALL of youI used to hide the "ugly" parts of myself thinking my husband would reject me. But I was blocking intimacy. I became robotic. But then I broke and he saw it all. And he accepted it all. I've never felt more loved. And we've never worked better together9. Love the HECK out of your partnerYour person is alive. Their heart is beating and they are standing in front of you today. That is a miracle in and of itself. Be sure to tell them EVERY DAY what they mean to you . Learn to adore them. And let them adore you back. Running a business with your partner can be the BEST or WORST thing in your life. And it's all about how much you are willing to face yourself. Change you, change your marriage and your business will grow always...If you have any tips for working with your partner, I'd love to hear them. You can reach me at...Tara@MillionaireUniversity.com  00:02 Introduction: Working with Your Spouse 00:14 Understanding the Importance of Relationships in Business 00:31 The Challenges of Working with Your Spouse 00:52 Survival Tips for Working with Your Spouse 00:58 The Importance of Not Killing Dreams 01:27 The Struggles of Overdoing and Overthinking 01:46 The Power of Passion and Belief 03:35 The Importance of Communication and Honesty 03:38 The Dangers of Suffering in Silence 05:23 The Power of Vulnerability 11:52 The Importance of Developing a Backbone 13:42 Finding Your Sweet Spot in Business 17:30 The Importance of Letting Your Partner Go 19:11 The Power of Showing All of Yourself 22:46 The Importance of Loving Your Partner 23:57 Conclusion: The Power of Facing Yourself To get access to our FREE Business Training course go to MillionaireUniversity.com/training.And follow us on:InstagramFacebookTik TokYoutubeTwitterTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's lesson we talk about the Supremacy of Selling and how understanding this principle is critical to your business growth and success! 00:00 Introduction to the Supremacy of Selling 00:40 My Journey into Sales 02:52 Overcoming Initial Hesitations and Challenges 06:21 The Turning Point: My First Sale 06:57 The Evolution of My Sales Career 07:56 The Birth of My Own Business 10:27 Facing the Hard Truths of Business 11:22 The Road to Recovery and Paying Off Debt 12:11 The Real Business Every Business Person is In 14:40 The Importance of Hitting the Target in Business 15:16 Taking Responsibility and Control in Business 16:21 Conclusion: The Supremacy of Selling For more information go to MillionaireUniversity.comTo get access to our FREE Business Training course go to MillionaireUniversity.com/training.And follow us on:InstagramFacebookTik TokYoutubeTwitterTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Almost 4 years ago we sold our business to Bill Allen. Bill is an implementing machine and one of the most inspiring action taking people I know. In this episode of The Millionaire University Podcast, Millionaire Mentor Bill Allen Shares what he believes it takes to be successful in business and in life.  00:00 Introduction and Importance of Speed in Business 00:10 The New Age of Education and Entrepreneurship 00:50 Welcome to Millionaire University 00:56 Interview with Multi-Millionaire Mentor Bill Allen 01:44 Bill Allen's Journey into Entrepreneurship 03:47 The Transition from Real Estate to Business Ownership 04:30 The Unexpected Business Acquisition 06:25 The Hero's Journey and the Refusal of the Call 07:19 The Secret to Success: Being a Good Student 09:16 The Importance of Taking Action and Implementing Learnings 15:14 The Value of Commitment and Investing in Yourself 16:26 The Start of a Side Hustle 17:09 The OODA Loop: A Military Strategy for Business 18:54 Applying the OODA Loop to Business Decisions 21:21 The Power of Quick Action and Iteration 22:03 The Importance of Having a Hypothesis 22:49 The Power of Community and Mentorship 24:58 The Impact of Quick Action and Iteration 27:11 The Value of Investing in Yourself 27:19 The Importance of Investing in Yourself 29:22 Final Thoughts and Conclusion For more information go to MillionaireUniversity.comTo get access to our FREE Business Training course go to MillionaireUniversity.com/training.And follow us on:InstagramFacebookTik TokYoutubeTwitterTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's business lesson, we discuss The Aggregation of Marginal Gains and how understanding and applying this principle will help you explode your business.The Aggregation of Marginal Gains is a concept that James Clear talks about in the first chapter of his #1 New York Times Best Selling Book, Atomic Habits.00:00 Introduction to the Lesson00:23 Promotion of Millionaire University Podcast00:51 Welcome to the Podcast Episode01:09 Introduction to the Concept of Marginal Gains01:22 Historical Context: British Cycling Team01:59 The Turning Point: Hiring of David Brailsford02:31 Implementation of Marginal Gains Strategy03:04 Exploring Unconventional Areas for Improvement For more information go to MillionaireUniversity.comTo get access to our FREE Business Training course go to MillionaireUniversity.com/training.And follow us on:InstagramFacebookTik TokYoutubeTwitterTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's lesson we talk about the "Most Businesses Fail" Myth and how if you understand this is a myth and why it can help you with your business and financial creation goals! Let's help get you unstuck so you can keep moving forward! 00:00 Introduction to the Business Myth01:07 Welcome to the Millionaire University Podcast01:28 Debunking the Myth: Most Businesses Fail02:21 The Reality of Business Failure03:03 Learning from Failed Businesses03:50 Risks in Business: A Balanced Approach04:32 The Myth of Business Failure: A New Perspective06:51 The Real Tragedy: Fear of Failure07:08 Taking Action: A Challenge to the Listeners07:34 Commitment and Feedback: An Offer to the Listeners08:43 Closing Remarks and Sign OffFor more information go to MillionaireUniversity.comTo get access to our FREE Business Training course go to MillionaireUniversity.com/training.And follow us on:InstagramFacebookTik TokYoutubeTwitterTo get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices