8-Figure Exits: How To Build A Big Brand You Can Sell #WednesdayWithWyan
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 7 August 2019
⏱️ 16 minutes
🧾️ Download transcript
Summary
Today's episode is a leaked interview with C-Money where he asks Ryan pointed questions on which subjects he chooses to talk about during the 8-Figure exits workshops and why.
Get a glimpse of Ryan's strategic questions directed at helping shift entrepreneur mindsets from working in their businesses to running their businesses.
Key Takeaways
X-Figure exits [1:37] The workshops are there to lay strong plans to build the exit. They are built to help remove some of the stresses of business.
The Big Picture [2:43] Setting the amount of money that you would be comfortable living your ideal life with is the first step to breaking down the path to it into manageable pieces. It also provides a filter through which you should make all your other decisions.
Most can't handle it [4:15] Entrepreneurs don't all have the skillset, time, knowledge or energy to run an 8 figure business.
Giving up equity [6:11] Your job as an entrepreneur is to bake the biggest pie possible, and if you've baked a big enough pie, you will have enough to share. But to do this efficiently, you need to find the people who have the ingredients so you can oversee the baking!
Hiring? [9:27] Attracting and retaining good talent is simple: people want to be part of something and they don't want to work for crappy businesses: you have to build something people care about. The tough thing for entrepreneurs is they often don't care about the business, they care about what it gives them: guess who doesn't like it either…
Only build the business you want!
Thank you for listening, it means the world.
Mentioned in this episode
Contact Ryan on Twitter @ryanmoran
Contact Ryan on Instagram @ryandanielmoran
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You attract lots of great things when you are doing it in a way that creates something that |
| 0:07.4 | other people want to be a part of. And the byproduct is that you get rich. |
| 0:15.5 | Hey, capitalists. It's time to crack open your favorite beverage. I like Zivia. |
| 0:23.9 | This is Wednesday with Wyand on capitalism.com. |
| 0:31.5 | Hey, capitalists, this is C Money. Today we're leaking an interview Ryan and I had at the lakehouse after our last |
| 0:39.0 | eight-figure exits workshop. We do these interviews for the Capitalism.com YouTube channel |
| 0:44.2 | and make clips for social media, but we thought you'd get a lot out of this short clip. So enjoy. |
| 1:03.2 | It's really easy to get confused by all the things you could do in business, especially when there's a Facebook ad running every five seconds about what's working for someone else. |
| 1:08.4 | And the challenge with that is that 90% of them conflict with what you really want. |
| 1:14.1 | Now, we think they're what we want because we see them as the route to what we want. |
| 1:18.6 | But at the end of the day, what most people want is financial freedom. And even the financial |
| 1:23.1 | freedom is a route for them to be able to have the life that they want. |
| 1:28.3 | And so they think that Amazon or Facebook ads or whatever is the route to have the life they want. |
| 1:37.3 | And the purpose of the eight-figure exits workshop is to clear all of that out and simply lay the plan and the vision |
| 1:46.5 | for building the exit, building the business that you're proud of, that you can comfortably and |
| 1:54.1 | easily walk towards the goal without distraction, a company that other people want to buy. |
| 2:02.7 | And it's not easy because no business is, but it's real simple. |
| 2:07.7 | And when you know exactly what you're building for, |
| 2:11.6 | you can say no to everything else and just walk towards the goal without stress, without figuring out the next thing, |
| 2:23.0 | but just walking towards it, knowing that it's a company and a business that you can scale |
| 2:29.7 | or sell and other people want to write a check for it. |
| 2:35.0 | That's what we want financially. |
... |
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