How to Create a Company | Tommy Mello
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 15 December 2023
⏱️ 109 minutes
🧾️ Download transcript
Summary
Meet the $500M man...
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Connect with Tommy!
Instagram - https://www.instagram.com/officialtommymello/
YouTube - @officialtommymello
TikTok - https://www.tiktok.com/@officialtommymello
In this episode, Ryan welcomes Tommy Mello, a prominent figure in the home service space and an influential entrepreneur with a net worth exceeding half a billion dollars. Tommy shares insights from his 20-year experience in the garage door business and his success in building and selling companies. His approach centers on providing customers with options rather than ultimatums, emphasizing the importance of confidence, choice of words, and body language in sales.
The discussion delves into the entrepreneurial mindset, with Tommy highlighting the significance of asking for a sale, being resilient in the face of rejection, and understanding that success follows a formula. Both Tommy and Ryan stress the importance of treating business as a mathematical and scaling problem, with percentages often being more impactful than absolute dollars.
The conversation touches on generosity, personal growth, and the common misconception that entrepreneurship immediately grants freedom. Tommy and Ryan discuss the challenges entrepreneurs face, often neglecting family, health, and spirituality in the pursuit of business success. Tommy introduces the con
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | Where do you get to live your life that you always dream? |
| 0:04.0 | Because it's not making 300 grand a year. |
| 0:05.6 | You learn how to build a business and sell it. |
| 0:08.0 | That's where you change family trees. |
| 0:09.5 | Think about percentages instead of dollars. |
| 0:12.1 | Why would even somebody bother you with a $10,000 decision? |
| 0:15.0 | You should be making high-level decisions and creating systems all day long. |
| 0:18.5 | For a young entrepreneur like myself, |
| 0:21.1 | what are the pitfalls to watch out for? |
| 0:22.8 | Well number one is I don't like s-a-s what do you think about W-2 guys? |
| 0:26.7 | So like my W-2 guys that are really killer I really helped them with |
| 0:30.4 | what up well builders today I've got help them with. with. What up? |
| 0:33.0 | Well, builders today. |
| 0:35.0 | I've got my richest guest ever. |
| 0:38.0 | One of them, definitely. |
| 0:40.0 | I don't know what half the people are worth, but this guy is worth over half a billion dollars at least. |
| 0:44.5 | He recently sold a portion of his garage door company for multi six figures. |
| 0:50.8 | He is going to continue to build the companies, building other companies as well. |
| 0:56.0 | They're acquiring, they're syndicating. |
| 0:58.0 | He is the number one influencer in the home service space. |
| 1:01.0 | We're going to learn something from a blue collar guy today. |
| 1:03.8 | I got Tommy Mello. What's up? |
... |
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