I talked to a guy who built a $60 million staffing business.

He said that staffing is one of the best ways to make $150k with no upfront investment

Here’s how he’d do it: Meet Romeen Sheth @RomeenSheth, who bootstrapped his staffing business to $60m a year and sold it.

He says that staffing is one of the best business models for going from 0 to 1.

If you hustle, you can make $100k within your first year (or sooner).

17 brutal lessons from buying 17 beautiful businesses:

1. You can’t do a good deal with a bad person. 2. There’s a difference between “great” and outstanding businesses.

3. The formula is growth potential + moat + cash flow.

We've purchased 21 companies.

I've broken down the process we use to acquire cash-flow producing businesses into an easy to read 6 Part Email Mini-Course:

Day 1: Finding Businesses to Invest In

Day 2: How To Do Due Diligence

Day 3: How To Finance The Business

Day 4: How To Structure The Deal

Day 5: How To Grow The Business

Day 6: How to make $500k+ per year in cash flow

Buying a business is scary but I hope this helps!


I forgot to mention this resource is completely FREE.

When I started my journey in acquisitions I read these two books below.

I still recommend them as a primer to anyone getting into this space.

My course above is a bit more tactical and specific though (and a bit shorter)

My secret to public speaking:

The day before my speech, I re-watch my 3 favorite speeches of all time.

It helps me learn and mimic the best speaking styles.

This is my favorite presentation of all time.

Watch how Steve Jobs does the following:

1. he tells you how you should think about what's coming

"a revolutionary device"

2. he crafts a story arch and takes you on a journey

3. he re-builds credibility

"the first iPod changed the entire music industry"

4. he uses repetition

"An iPod, a phone, an internet communication device"
"An iPod, a phone, an internet communication device"

5. he speaks slowly and pauses for dramatic effect

What is YOUR favorite speech of all time?

if you found this helpful, drop a comment below and follow me @SievaKozinsky for more like this
if you're going down the Steve Jobs rabbit hole. This is another one of my favorites, less business, more about life:

There are thousands of "good" businesses.

But GREAT businesses are rare.

Here are 3 things I look for in great companies: There’s a lot of traditional metrics for what makes a company “successful.”

But in my experience, great businesses are fairly simple

Here are 3 things I believe all wonderful companies have in common:

Buying a home service business?

These are answers I look for:

🔵 do sales rely on key relationships?
⚪️ are you paid before or after the job?
🔵 what are the net margins?
⚪️ is it seasonal or cyclical?
🔵 price? As a multiple on earnings
⚪️ can you hire people you need? If the business succeeds because the owner has long standing relationships with customers.

When the owner leave.

You will struggle.

An underrated business skill:

Reading P&L statements.

There's hidden info in all of them.

Here are 5 key things to look for in P&Ls: 1. Examine gross margin

I’m looking for 40% or higher. Any lower indicates the company is likely underperforming.

Monitor a company’s gross margin over time. Is it improving or getting worse?

The US Government wants YOU to own a business.

Think of the IRS as one big incentive machine.

The government decides certain activities benefit its citizens, and incentivizes us to act accordingly.

Here are 8 good reasons to own a business: Summary of tax benefits for business owners

- Deduct Interest from investment properties
- Deduct business-related travel
- Deduct business expenses
- Drive your car benefit
- Hire your children
- Section 179
- SEP IRA
- Home office

More on each of these below:

Today I Learned that the IKEA brand is owned by a non-profit.

And they make $40 billion in annual revenue.

This means they get to avoid a lot of taxes...

Here's how they do it: First a bit of background...

IKEA was founded by Ingvar Kamprad in Sweden in 1943.

Ingvar grew up on a farm but wasn't destined to be a farmer.

He was a natural entrepreneur.

At age 5 he went door-to-door and sold matches to his neighbors.

Last night I met with a pension fund manager who manages $30 Billion.

His words of advice:

“A recession is coming.

Do not invest based on last years’ numbers.”

We talked about the San Francisco office building that sold for $300M in 2019 and is listed for $60M today.

The… twitter.com/i/web/status/1… What am I doing with our investments?

1- I’m a quick pass on any business that grew over 30% last year (COVID bump)

2- paying close attention to performance for last 3 months in 2023. If any softening, be ready to run.

3- not engaging with sellers or brokers with 2022… twitter.com/i/web/status/1…

Newsflash...

Your rich neighbors didn't go to Ivy League colleges.

They:
- skipped college
- learned sales
- sell high-ticket products or services Most likely path to wealth and financial stability for your family:

1. learn sales

2. learn a trade

There are no gatekeepers to worry about.

If you learn one of these skills (or both), you will be unstoppable.

This Turkish immigrant went from producing cheese on his family farm to building a company worth $2.1 billion.

I love an immigrant success story… Hamdi Ulukaya was born in 1972 in eastern Turkey.

He was raised by a family of sheep farmers and learned how to make yogurt and cheese at an early age.

Yogurt would become a recurring theme in his life.

But he wouldn’t realize this until later…

The story of SVB makes me think of a late 1800s story…

About the richest banker in California.

He famously stopped runs on his bank multiple times… Isaias Hellman was a Jewish immigrant who started a small bank called Farmers & Merchants.

One day while he was on vacation in Europe, his bank president closed the bank to customers…

It caused a panic.

On learning this he rushed home.

He showed up surrounded by guards…

Here's a quick primer on how I plan to save money on taxes: (I first wrote about this in my newsletter, will share a link in the comments)

I like to invest for the long term out of my Roth IRA.

This allows me to pay taxes today, and avoid paying taxes on capital gains made from the investment...

Ken Fisher is an American billionaire.

And the founder and chairman of a company you’ve never heard of.

His famous quote changed how I think about investing:

“Time in the market beats timing the market.”

Here’s what I learned… Time in the market can help you:

• Generate more cash flow
• Save on taxes
• Weather volatility

The benefits are endless.

But only if you implement a solid value investing strategy.

Last week I met a founder who reached $7 MILLION in sales in less than 24 months.

And she self-funded it…

Here are a few secrets she shared that helped her grow: Before diving in, here’s some background on the founder:

Adriane never planned on starting a company.

She started her career in finance. And led recruiting at her firm for 8 years..

Then one day she gets a call from her friend, @jspujji ...

just saw an interesting deal

Enterprise SaaS focused on the Door and Hardware Distribution vertical.

$470k EBITDA in 2022, small but growing nicely.

Comment below if you want an intro... The business explained:

Say you're a GC building a large apartment/office building.

You need someone to estimate and build the doors for you.

Those builders can use this 👆 software to help them with estimation.

I spend hundreds of hours meeting with cool companies.

Here are my favorite businesses from the last 12 months: 1. Swim schools

I met a swim school owner named John, who brings $300k/year in cash flow.

He works 10 hours a week.

The best type of person to buy this business is someone who is good with people and community marketing.

A recession is coming.

Here’s what I’m doing, and what you can do to prepare: 1. Find quality mentors

Find people with experience in your industry. The more hands-on experience, the better. 

Just because someone is older or has more business experience than you doesn’t mean they are an ideal mentor for you.

I used to stress about everything a lot.

Then I adopted the “Last Time” principle: Stress feels more acute when you don’t know when it’s going to end.

- ‘my startup isn’t working’
- ‘investors don’t believe in me’
- ‘my child is crying’
- ‘my parents are annoying’

Dennis runs a business making $3M per year. 😮

He provides internet for people's homes.

It's pretty awesome, and here’s why: Growing up I used to think broadband was a monopoly.

We had Comcast at my home, and we hated it.

The customer service was horrible…

But it turns out Internet service is no longer a monopoly.

Check this out: