Watch these 23 minutes if you want to make serious money
ฝัง
- เผยแพร่เมื่อ 11 เม.ย. 2024
- Building a business is very difficult, never mind actually making decent profits. Over recent years my business has generated between £30-40million in revenue... but I'm still paying myself the same as I was 10 years ago.
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/entrepreneu...
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 - / jamessinclair85
📸 Instagram - / jamessinclairentrepreneur
📱 TikTok - / james.sinclair
👨💻 LinkedIn - / jamessinclairpartyman
👍 Facebook - / 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
![[LIVE] : ONE ลุมพินี 68 | คู่เอก "พระจันทร์ฉาย vs โจนาธาน"](http://i.ytimg.com/vi/F3IM3w-XchI/mqdefault.jpg)
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.
As always, thanks John for the comment and support John!
@@JamesSinclairEntrepreneur thank you James, I have discussed this with my team, watched the video 4-5 times, and we in putting the missing components into our 5 year plan. I appreciate your generosity with your information.
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 TH-cam… i agree with the hiring of an accountant or financial house to sell your business
That's very kind of you to say! Thank you!
Learned so much here - main takeaway is to start getting good at getting a business ready to sell
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?
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.
Best video I have watched to date !!!! so much wisdom packed into these 23 minutes
Actually the best video I’ve ever seen from you and the most amount of useful knowledge on a video I’ve ever watched
Most powerful video on TH-cam right now to make some real money!! Thanks James 🙏🙏
Glad it was helpful!
Seriously useful video! I’m in the hiring process now trying to get my time back to 80% sales and deal making!
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 :)
Essentials business playbook - so well presented. TED talks would surely forgive the 3min overrun. This should be part of our national school curriculum.
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 🙏🏿
Thank you for watching and commenting, I'm glad you're enjoying the content! Wishing you lots of success. - James
What a video James, absolutely brilliant! Thank you for the great advice over the years
Glad you enjoyed it
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
Jimbo knows his stuff!
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.
Fully agree. Been in family business for 15+ years. Have so many idea of my own, just not the cash flow to go out and do it
That's why you must ensure you have an SEO friendly website and presence on Google and whichever social platforms your target audience is on.
This👍 Made it to heads of terms but no further. Im on the plan
Hey james, huge fan for the last few years. For that liquidity day, do you have to sell the business or just dispose of the business assets? This means you keep the company another few years and do it again to get the full 1m relief. Also can use your spouse for this relief to get double the relief
Thanks James, really useful and enjoyable video. The restaurant and care home examples you gave made a lot of sense. However, these are both service industries. What about a business that has a successful product that they produce. Is it still best to sell the business, or scale up production and license your product? Particularly for high tech products. Are the 'trade' margins different too?
Great channel and amazing content. Keep up the good work James 👏
Glad you enjoy it!
@@JamesSinclairEntrepreneur I actually remember when you first started out and was an entertainer. I also saw you again at Marsh Farm, after not seeing you for many years. You’ve certainly got out what you’ve put in and you deserve everything you’ve worked so hard for. I’ll keep watching and will implement as best as I can. Well done from one Essex guy to another 🙌
Excellent information here! This video content is invaluable!
Glad it was helpful!
Jay Abraham great content on copy- also another great video James 📈📈
Hi James, I have just set up a roofing company, and would like your advice moving forward. Just bought your book yesterday getting customers. Also looking to purchase Dan Kennedy grassroots marketing. I will also be looking to buy some more of your books once I have finished these ones.
very useful video James.
Excellent words of wisdom
Glad you think so!
This is a great video as always
Thanks for your insightful videos. Do you give advice? How do we send questions?
Interested in your thoughts on holding that trade a while as a swing against negative swaps? Anything I hold for a while, I always like to go with the interest rate in my favour
Love me some Sinclair action.
Good morning Campers.
If you were starting from scratch today what business would you start and how would you go about it. Could be a great video series!
Already made that. It’s on the channel.
Awesome video, what are the best business types that are sellable and which ones are not?
superb ✅
Thank you! Cheers!
Hi James, can you please make a video on identifying businesses/sectors with £10m+ potential?
Loads on the channel if you have a snoop around!
Appreciate the reply! Have watched most of your videos!
It would be a great help if you added Amazon links to the books you recommend. Plus you will get a bit of money every time someone buys.
I’m going to make a reading list PDF and video of my favourite books!
Hi James i have been looking at a few companies lately to buy. Any advice please on finding finance for the deals ? I would prefer not to use any of my own funds if possible. Thanks
Difficult to do that. You need some funds. Be frugal and nifty for sure but doing it with nothing is not something I advise. Low money in is the trick not no money.
James would like to meet you share some of my ideas.
Asking for a friend, did you print those flipcharts?
Hahahaha - the blue covers I printed in house
How to send letters to buy businesses, how to get the data
What are the sectors the bank are investing in ?
Anything with recurring revenue
I fucked it up at stage 4 🙄
Don't beat yourself up. It's easily done. Keep Going !!
Hey James your amazing, Your inspiring me and using a lot of your blue prints now. Is entrepreneur relief also something that works also?
Entrepreneurs relief is the old name for asset business disposal relief
@@JamesSinclairEntrepreneur Yes sorry i researched that later today, should have done that before commenting, thanks James
If you have intellectual property no one else has the process is much much quicker.
TH-cam video about the process of Importing from China would be good one for you to make
We have done India and Turkey. China later this year.
When are you going to write a book?
I’ve wrote 4.
Gold dust teaching I must say.
❤️🔥