Extreme Poverty to $6M/Year Empire... Here's How

Video Description

Get your .Online domain for $0.99 by using UPFLIP at checkout: https://get.online/upflip1 Brandon Schlichter went from barely having a dollar to setting aside his spare income to invest in real estate properties. Now, he owns trailer parks, rental homes, car washes, laundromats, and self storage facilities. And he’s planning on meeting over $25M in revenue over the next 12 months. What’s crazy is that it took only one person to help Brandon visualize this type of potential and shape his perception on business all together. Brandon has been an entrepreneur from a young age, having started two businesses with his brother between the ages of 15-18. His first business entailed purchasing used equipment, fixing it up, and reselling the equipment on Ebay for a profit. His second business idea, however, wasn’t successful. When Brandon turned 18, his father suffered from a heart attack, which led him to switch gears and receive full time employment as a warehouse employee for GAP Inc. In this episode, learn how Brandon leverages data-driven decision making in his ventures, how current connections can turn into future business partnerships, and why so many entrepreneurs fail to find investors or secure funding for their ideas. He also stresses the importance of a targeted potential customer understanding the value of your product or service. Resources: 🎓 Start or scale your business with the UpFlip Academy - https://links.upflip.com/academy-yt 📕 FREE access to ‘137 most profitable businesses’ - https://links.upflip.com/137-business-ideas-yt 🎙️ Follow the UpFlip Podcast - https://links.upflip.com/podcast-yt 📩 Join the UpFlip Newsletter - https://links.upflip.com/newsletter-yt 👉 Connect with Brandon - https://www.investmentjoy.com/ Timestamps: 00:00 - Start 00:54 - Scale of business operations 01:15 - First venture 02:10 - Background 03:06 - Inspiration 05:30 - Real estate portfolio 05:49 - First deal funding 08:12 - Car wash revenue 09:39 - Buying a car wash 10:28 - Car wash expenses 11:02 - Self-storage units 11:36 - Finding great deals 12:01 - Self-storage unit issues 12:39 - Surprises revealed 13:16 - Fan blitz 15:15 - Personal storage unit 16:38 - Laundromat 17:33 - Comparing profitability 18:11 - Laundromat upgrades 19:00 - Laundromat equipment 20:08 - Navigating laundromat issues 20:44 - Laundromat acquisition mistakes 21:18 - Revenue across businesses 22:45 - Money and happiness 24:13 - Smartest car wash business move 24:57 - Where to focus as a newbie 27:12 - Advice on getting a car wash 28:00 - Finding the capital 30:07 - Keys to success 30:53 - Networking 32:37 - Social media branding 35:35 - Unconventional strategy 37:17 - Juggling multiple businesses 38:57 - Marketing across businesses 40:01 - Negotiation tactics 41:15 - Managing business challenges 42:42 - Buy or build a business? 43:36 - Advice to younger self 44:24 - Business opportunities 45:55 - Customer satisfaction 46:52 - Avoiding common business pitfalls 47:45 - Outro #entrepreneur #entrepreneurship #entrepreneurs