Watch these 23 minutes if you want to make serious money
27,412
Published 2024-04-12
So where is all the money going?!
It's actually very taxing to cash out of a business, especially as the business continues to grow and you need to reinvest the profits to continue employing people, buying companies, stay on top of cash flow etc etc. Keeping the cash flowing, keeps the business going.
But there is another way that allows people to build serious, generational wealth. Legally and actually with low taxation.
Sound too good to be true? That's because it's flipping hard work. This isn't side hustle mentally or get rich quick. This is hard graft.
This is a formula of how dedicated entrepreneurs can build serious wealth in a matter of 5 years and this video dives into the exact steps business owners need to make in order to reach that top 1%.
I'd love to hear your thoughts on this one.
Try Entrepreneurs University 14 Day FREE Trial Here ►
jamessinclair.net/entrepreneurs-university-free-tr…
Get your tickets to our next event here ►
www.jamessinclair.net/events
Apply to be on my podcast here ►
jamessinclair.net/podcasts/
My Socials:
🎙 The Podcast - shorturl.at/jyzP1
🌍 Website - jamessinclair.net/
🐦 Twitter - twitter.com/JamesSinclair85
📸 Instagram - www.instagram.com/jamessinclairentrepreneur/
📱 TikTok - www.tiktok.com/@james.sinclair
👨💻 LinkedIn - www.linkedin.com/in/jamessinclairpartyman/
👍 Facebook - www.facebook.com/jamessinclairentrepreneur
Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £40 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.
#business #businessowner #entrepreneurship
All Comments (21)
-
Sensational education session James. After 25 years of being on repeat, I will be watching this one over and over. We set our business up with no intention to sell and I now see it was the biggest mistake we made. Thanks James, you are a champion.
-
It’s a shame that this only has 17k views when there’s so many frauds out there peddling junk 10x, etc shows with far more views.
-
one of the best videos i’ve seen on YouTube… i agree with the hiring of an accountant or financial house to sell your business
-
Learned so much here - main takeaway is to start getting good at getting a business ready to sell
-
Best video I have watched to date !!!! so much wisdom packed into these 23 minutes
-
Insanely valuable, thanks as always James. I need to come on your pod man!
-
This is a brilliant video. You’ve unlocked a different way of thinking for me. Thank you.
-
Most powerful video on YouTube right now to make some real money!! Thanks James 🙏🙏
-
Enlightening stuff, James. I've been following your content for years now, and have finally let my entrepreneurial spirit out of its cage. I'm 3 months in and already have a $35,000 ARR business. Without knowing it, you've played a big role in inspiring me and educating me on how to walk this path. So, first and foremost, thank you! Question: you're 20 years in and have yet to pull the trigger on a liquidity day, although of course you could do that at any time at this point. Am I correct in saying that you've consciously remained at the "Year 4" step of acquiring, acquiring, acquiring so that you can have a larger liquidity day? Are there extra steps in amending the plan in this way, or is it just continuing to acquire and scale for a larger pay day?
-
Essentials business playbook - so well presented. TED talks would surely forgive the 3min overrun. This should be part of our national school curriculum.
-
Actually the best video I’ve ever seen from you and the most amount of useful knowledge on a video I’ve ever watched
-
I've always found the initial cashflow part the absolute hardest. I think it's due to lack of connections. When you're starting out with a small network, even with a great product it's so hard to sell and get the cash coming in sometimes. I think it's why 90% of people give up.
-
Seriously useful video! I’m in the hiring process now trying to get my time back to 80% sales and deal making!
-
What a video James, absolutely brilliant! Thank you for the great advice over the years
-
I’m quite a few stages in, but with some stages I am near the end, some near the beginning, aiming to improve every single day
-
Excellent video, I've been learning from you for the past 6 months or so. I'm working hard on getting a tangible business idea in which I can apply the philosophy of this video. Wish me luck 🙏🏿
-
Jimbo knows his stuff!
-
Sounds like you're teeing up for a nice liquidity day soon James. Good luck with it if you are. I'm hoping for one this year too (my M&A team are putting the IM together right now). It is a shame that taxes are so high for holding onto a business. I'd love to hold onto mine and grow it, but I refuse to pay the higher rate of tax because its a rip-off, so I’ll be stuck on 50k per year unless I sell. Guessing you're in a similar situation. Hope your Mrs is in on the BADR too :)
-
This👍 Made it to heads of terms but no further. Im on the plan
-
Jay Abraham great content on copy- also another great video James 📈📈
