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BiggerPockets Money Podcast

17: Building a Lean Business With (Almost) No Capital with Alan Donegan

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 23 April 2018

⏱️ 75 minutes

🧾️ Download transcript

Summary

On this week’s episode of the Biggerpockets Money Podcast, we chat with Alan Donegan. Alan Donegan watched - and helped - his father run a super-successful sportswear company, until the economy shifted and they lost everything. Determined to not... Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to Bigger Packets Money. Show 17.

0:03.0

Do a mini experiment.

0:05.0

Literally do a mini experiment.

0:06.0

Let's try and sell it.

0:07.0

If it sells, you've got the start of a business.

0:10.0

If it doesn't sell, we haven't lost anything.

0:13.0

So build a free website, get a free pitch, borrow some space,

0:17.0

do a free version of it and try and sell it.

0:20.0

If it sells, you've got a business.

0:22.0

If it doesn't, you haven't lost anything and you've learned a lot so if there's one concept I'd love to leave with the audience it's the concept of the mini business experiment

0:30.1

It's time for a new American dream one that doesn't involve working in a cubicle for 40 years, barely scraping by.

0:36.5

Whether you're looking to get your financial house in order, invest the money you already have, or discover new paths for wealth creation, you're in the right place.

0:45.0

This show is for anyone who has money or wants more.

0:48.0

This is the BiggerPockets Money Podcast.

0:51.0

How's it going everybody? I'm Scott Trench.

0:52.0

I'm here with my co-host, Miss Mindy Jinson. How you doing today Mindy?

0:55.0

I am doing fantastic Scott. I just got back from Portland. I just flew in last night and boy are my arms tired.

1:02.0

Oh, jeez.ep, that makes sense because you were flying with your arms.

1:09.0

Oh my goodness, that's like the one bad joke that I know.

1:12.0

I mean, I know.

1:12.6

I mean, I know a lot of bad jokes,

1:13.8

but they're just usually not funny.

...

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