How I Grew a $290,000/Month Business
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- เผยแพร่เมื่อ 3 ต.ค. 2024
- In this video I cover how I grew by business to almost $300,000 a month, within 5 years of starting it and what made my first million
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Entrepreneurs in Cars Great vid. I have an S Corp and can relate to the struggle/desire to work for yourself. Once you jump in (properly) you never look back. I do hope those who are on the fence watch your vid and go for it.
Coop..
My mind is blown mostly because I've been following for a few years now, not even knowing this was you.
Kudos in so many ways.
Love your spin
9:38 haha Ripoff & Duplicate, Not Research & Development.
I’ve put in the work to start my own side business this year (Only got to Name search & registering my Business name & number then Covid-19 hit) but I guess you can say I’m putting in my R&D.
But I don’t feel guilty because I’ve thought up the idea on my own and when google searching it, there is only one other person in the business. So I’m going to be their first competitor.
Why buy soap, when you can purchase Love Potion #9 for half the price or DNA scented toilet paper? P.T. Barnum was right!
Business finally I always wondered what brought this mindset now I know
Yes, money and business.
Enough about women, let's talk big.
Work on yourself, they will come.
Yeah im sick of the same questions about ..should i wife up a BP single mom who lives with her ex boyfriend and they snort pills together but yeah i make 6 figures and im alpha .......really guys
@@allthehardtimes lol
The ROI on your excellence is higher than the ROI for chasing women. Women will come when you do not focus on them, they'll come when you focus on your path.
@@allthehardtimes 😂 those dudes gotta be in their early 20s.
Me and my dad run a business together have for almost a decade now. 5 years ago we were around 100k in debt. Today we are a +250k. And This year we did a personal best of around 1.2 million in total sales 😎
What kind of a business, if I may ask?
@Aizat 98 lol
My dad and I
Magicians
@@riruka2229 Best way I've had this explained to me was to take "my dad" out of the equation and read it back, so if you take it out of this sentence it would read... Me run a business together. Clearly that way doesn't make sense, but if he wrote, My dad and I run a business together, then take "my dad" out of the equation, it would read.... I run a business(together). Hopefully this helps someone!
How to grow a multimillion $ business /become rich:-
1. Have a goal/specify the working area
2. Find the right direction towards that goal
3. All out attack. Daily hard work. Grinding.
@Philip Hamilton ✊
@The Loner Millionaire chances are whatever you wanna do, has already been done by someone else. You have to find the path and replicate it.
If you 'wanna make your own path' go ahead. No one's stopping you.
If you know the right path, Grinding is the only thing that cuts it.
You either complain or fix.
@The Loner Millionaire true comment - but the right mentor can help with this. Also working towards mastery of a skill / business as opposed to get rich quick / instant results mindset.
@The Loner Millionaire Dude if you have ever attempted to do something, you would know that ''just go for it bro'' is actual advice - whatever it is that you are trying to do, your mind will iterate on your own process and you will improve. literally any task you attempt, you will improve.
@The Loner Millionaire damn you shut the guy down real quick
290k a month?? Jesus Christ that inspires the fuck out of me. Great job on achieving greatness Rich. 💪
With 25 employees, probably none 🤣
@@TH-camBlocksMyComments employees on average make 1100 bi-weekly with overtime. Times that by 25. Take the total, times it by 2. That’s what they make a month. I know you’re probably lost at this point but point is… you suck at math.
Revenue!
I’m 18 and I got no clue what I want to do but these videos help me to know I gotta grind no matter what
Nicos Eftychiou same here bro
It you got no clue, at 18, you're like everyone else.
I'll help you constructing your goals:
1. What kind of health do you wanna be in when you hit 30?
2. How much money do you want in the bank when you hit 30?/What properties do you want before you hit 30?
3. What kind of relationships do you wanna build before you hit 30?
4. What experiences do you wanna have before you turn 30?
These 4 questions will have multidimensional answers. Get started, junior.
Just start something. You'll probably fuck it up but that's OK at your age. You'll gain experience and if you're smart you'll learn from your mistakes. Learn by doing. Keep it small scale at first so any down size is minimised. Live cheap and keep working at it. The first rule of business is to survive. The longer you survive the more chances you'll have coming your way. Most people never start and hence never get anywhere.
@@monkvegeta-thepursuerofpea7217 thanks just turn 20
This is the Rich Rich Cooper content we need!!
Great: "She's not yours - It's just your turn" ..."Women don't care about your struggles - They just hangout at the finish line and pick the winner" ...Oh man..;)
I think every entrepreneur has that first "bad partner" experience. Its a right of passage.
im not gonna say everyone, and i think its more like you come to a realization that you need to be able to run shit urself and u cant have a person that u can truly rely on, again from my experience and pov
I wonder though if it's a "first child" syndrome something...you know, the kind of thing where the parents freak out every time the 1st kid does something new, but by the 2nd and 3rd kid they calm down because they better know what to expect and how to interact with the kid.
Find better partners
Yeah my first business partner was Gordon geckos clone
I love hearing about your rough experiences, owning a business myself I encounter shitty situations all the time. Whenever I can see that other people have gone through tough situations, it makes me feel more confident. Thanks man!
This is solid content Richard, thank you so much. Please, please make more business videos. We're done with women! You hint at it but you could go more into the problems you faced in business, how to solve them, etc.
Speak for yourself bro. His women content is a treasure trove. It introduced me to the 21convention and hypergamy. Im literally still learning stuff!
You're an inspiration brother! I've been running my own business for 6 years now, I aspire to keep building and strive for excellence. I enjoy the business videos you do, watch them all, they've helped improve my own business and life in general. Thanks for all your do on the channel. - Phil
What the wise man does early the fool does later.
But I'm just 20 am I a fool for following?
@@supermanprime1281 No you're early. The fool only figures this out after twenty years of marriage; broken, indebted, mentally and physically wrecked. The sucker never figures it out in the first place. Winners learn from the mistakes from others, then avoid them in the first place. You call your self 'Superman Prime', now fucking act like it.
@@BlaBla-jj6sh your right thx bro
Even at 31 you would think most men would get serious by this age, but nope. I seem to be the only man amongst my peers thinking about buying land, property, trading stocks etc.
@@aaronbrutus9483 I know the feeling.
I’d like to hear more entrepreneurs talk about the nitty gritty behind how they grew their companies. Most stories I hear are unicorn stories, but I’m more interested in the medium sized companies. I want to hear about all of the dramas, and how you solved the problems.
Thanks for sharing this!!
Mr. Rich hearing you loud and clear all the way up in Alaska! outstanding highly loaded power punched content!! A great kick start vid. for the weekend!! Even during this pandemic I'm so focused on as you mentioned, "supplying the needs of others", I'm beginning to financially reap the benefits.
I love the fact that you acknowledge the luck aspect. Respect!
There are no problems... just lessons. Much respect to you and all you kindly share. Be well my friend.
Legend has it if you comment in the first 4 hours Rich would heart your comment. 😎
True story
Thank you for the wisdom Richard. I’ve been watching your content since 2017 from the U.K. and your videos are invaluable.
I really enjoy your entrepreneurial business videos.
I started my own business a year ago. Still no staff, no expenses but I am making 30k a month. I have so many ideas on how to grow my business. I know it's only the beginning :)
I would be interested in knowing myself. Hope to retire in 2 years, and want to do my own thing and hopefully make good money
I started as a freelancer building eCommerce websites. I outsource all my work to contractors and my day to day work is just project management at this point. Some days it is busy but usually, I work about 2 hours a day and I can do it from anywhere as long as I have my phone and my laptop and internet connection. I am fairly confident that you can do that with any kind of work that is done using the internet/computers so don't be discouraged by not having any programming/technical skills. I wasn't a very good programmer to begin with and I am definitely not any better now. I know people that do the same thing in Marketing, Advertising, or Graphic Design. Find a good outsourcing company, they should do the heavy lifting for you. I strongly recommend looking in Vietnam or Ukraine. I also recommend getting some experience in a start-up company that already does something similar. In my case, I did that for 3 years, then I started working for myself. I am 29 now. I started with no investment and when I quit my job I had $1000 on my account. English is my second language, and all my clients are English speaking so that shouldn't be an excuse too! ;) Just do it!
@@BAsTi91tg do you train others on how to do it
@@TheRealChannelZero No. I didn’t think anyone would be interested to hear about it.
@@BAsTi91tg you bugging i would . i am into E commerce
Great content, thanks.
My respect for you went up 1000% in this video. It was already up 1,000,0000,000%. Do more videos like this! 💪💯
To be a successful business you have to make sure your product or service is applicable in the marketplace and you have to really know what you’re doing. Too many people don’t know how and what to do to make their business successful.
Love this one homie; origin story that was long overdue!
Boom...lets here this expert level game🔥🔥🔥
Hear
@@threestars186 👏
Great vid.
Maybe you already made a video on this, but what would you tell your 20 year old self? Most important life lessons including bussiness. Would be cool! Keep it up, looking forward to your book.
I'm also 20 and required that video
When I was 20, nobody could tell me anything. I'm glad to see you are open to advice.
Best advice I have heard "How can I get rich? Find a way to serve many"
scalability
Thank you for the wisdom Richard. I’ve been watching your content since 2017 from the U.K. and your videos are invaluable.
I had this video playing on decent Bluetooth speaker, and that R8 V10 sounded incredible!!
Good stuff, gotta be one of the best TH-cam channels here. Listen up gentleman.
our biz brings in 10,000 a month ....NO DEBT ...EVERYTHING WE OWN IS PAID OFF.....WINNING
@Greg Pettis I DO SMOKE POT LIKE A CHIMNEY .....COFFEE AND FIST FULL OB MOTRIN.....THATS IT
What's your business?
Weed?
@@commandereagle9914 my wife inherited a bunch of shit properties ...i remodeled and rented them....
Ralph Deep what area did ur wife inherit these properties?
It's super fun, when you drive the same drive every day to get to work, and then you realize this dude is on the same road by the stuff you see out the window! Nice job my friend. Good neighborhood up here. lol!
i started watching your videos years ago, you had a m3 then a m5, i bought the same f10 m5 same actuall color by fluke, just diferent interiors, at that time that car was way behind anything i could even imagine to buy now is mine...... just want to register that one for anyone that want something in life, go for it!
Congratulations on your success, man. Inspirational. I love hearing stories like this.
Hey Rich, I know I'm really fucking late to the comments but I recently ran across your channel on youtube and have not stopped watching since.
Keep doing the work and giving us other guys advice on how we can better ourselves and making the right choices.
Great content, man.
Much love.
That's pretty awesome! The only thing I would add as a business owner is that luck has little to do with success, maybe overnight success. Really you have to be tenacious, realize upcoming changes and challenges, and adapt quickly. Just my 2 cents. I have a new business and because I positioned myself properly, predicting that Amazon would strangle small businesses if it was expedient for them, I was able to produce 50k in sales in the month of April while other businesses like mine were begging for mercy from creditors.
I have your total debt-free book. Great practical tools and techniques. Like using time to your advantage to accumulate lump sums of cash while negotiating with creditors from a place of abundance. Hats off to you for that and bringing people like Andrew Tate on the show. Fire content.
Is there a link to see where i can get this book?
So, Rich is Rich 🔥
ruchir dessai he’s been Rich from day one.
1D0N Best comment of the year goes to you!
Giving specific examples of successful business ideas and what it took to start and grow is hard to find...thank you!
Thank you for advice, I'm a 27 year old guy and I get a lot of value from your videos. You are definitely a motivational person in my life Richard
Awesome vid Rich thanks for sharing 💪
Love this video! I'm a lawyer in the debt arena, very interesting!
How you make 100k yearly
So I’ve watched a bunch of his videos where he runs men down saying if you’re not a millionaire by 30 your doing something wrong…. Then he admits in this video that “all the stars lined up for him” which is another way of saying he got lucky… an opportunity presented itself and God bless you, you took advantage of it and created a successful business…. The thing is most people don’t have the stars line up for them, actually the opposite is true for most people…. life doesn’t line up for most people.
Thank you for another amazing vid, Rich. Wishing you all the best in these crazy times!
Good for you man. Hard work pays off!
The sound of the V10 is sweet!
You are amazing man. Thanks for sharing your story.
Very interesting, ive just finished paying my house and car off and found out last week the workplace ive worked at for 15 years is slowing down (range of excuses) and we will be basically put off but held for a while utilizing our holidays, wondering what options someone in my position could utilize, at least I dont have a debt load now which is a huge relife.
Having your home loan paid off is huge. Congrats on that. If I were in your position and didn't have any debt, I'd probably start looking for another income source to at least keep a stream of income coming in while trying to figure out how to scale that up in the next 5 to 10 years. Ultimately just trying to get to a position where I could drop the job permanently. I'm not as far along as you are as of now but that's my goal for the next 5-20 years.
@@warren010h Cheers man, ive been guilty of doing what Rich would say is playing not to lose, careful with women (single mostly) sticking with a difficult job in a remote place so I can clear my debt quickly and few toys/distractions, actually im now thinking of getting an XSR700 road bike for first toy as something to get me out of the house and inspired during this lockdown but im holding out atm because of the uncertain work situation, one advantage of having a conservative aproach is what you have is actually yours and some stability in an increasingly unstable world, playing not to lose or common sense I guess it depends on your perspective but for now thats the only path I knew how to do, I do worry ive let to to much life pass me by while grinding away but at least im somewhat free now, freedom is a core value to me but im not going to lie work shutting down is a huge concern and the option of freedom whether I like it or not rather scary. I know ive been in my comfort zone for way to long and you really live life when your on the edge so I guess those times are coming again at least the basics are sorted, awesome you have great expectations for yourself also just watch those ladies any mismoves there could put years of hard work down the toilet pretty quick, ive seen it happen way to many times.
Love it man keep grinding. Look forward your book.
This is a great video, Rich. Thanks so much for sharing your story.
Love the fact that the R8 is a Manual. Drove three R8's but never a manual, i know it's off topic but still.
A video where an entrepreneur talks about building an ACTUAL business not just some coaching service on how to build a business
Well done rich winning formulas don't come around that often you gotta spot them 👍
Your an inspiration to us all your content makes me believe that anything is possible
Thx for the car ride. Those videos are way way better than at your desk :P
💯💯💯% 👍 agree
Cool story. Thanks for sharing .
Nice decal on the back window
Really enjoyed hearing your story
becoming a big fan great content, very motivating to realizing whats important
Best quote: Woman wait at the finish line and wait for the winner. They careless about the struggle!
You sound so much more animated and enthusiastic talking about business than warning about the same old pitfalls with women.
Excited to hear more from you on this topic 🔥
EDIT: Content on passive income would be awesome.
Business is gonna be booming here coming up.
Amazing, inspirational story!
I needed this video.
13:32 this is my best type of videos!!
Good content plus a v10 sound.
Beatiful sticker on the rear window!!!
More content like this! Pure Value and inspiration Entrepreneurs in cars 👌⚡️
Thank you for all your knowledge and all you do💯
Thank you for supporting the blue line.
I'm about to launch my reputation management business. This video is very inspiring. Thanks a lot.
Great video Rich. These are the videos I want see to learn more about credit and money. Also about finance...
Hi there! I’ve been watching this channel for a few years now and I’ve really enjoyed the content. I’m not really sure why because I’m a young female, I guess it’s just refreshing to hear counter argument to modern day feminism. My mom divorced my dad at a young age and drug him through the mud, so I know how unfair the system can be in that way to men. I have 5 young brothers and one of them is at an age where I think he would benefit from this content. He has been cheated on and abused by girlfriends, and is stuck in a rut in his career life. As his sister, there’s only so much I can tell him that actually gets through. He’s kind of stubborn, so I could seem him dismissing this unless it really appeals to him. I was going through all the videos and couldn’t decide which one I should send first. Does this community recommend a particular video that I should use to draw him in? I know if he gave it a chance he would enjoy what Rich has to say and that it could potentially change his life for the better. Thanks!
Whatever is most relevant to his struggle
probably "the myth of the good girl" its a good video, the only problem is you cant change someone they have to be willing to change, just pray he has enough attention span to listen through the video.
In addition to watching this channel, recommend that he reads The Rational Male by Rollo Tomassi
Ramseyer ? you must have swiss parents/relatives ! from canton Bern? hi from Zürich.
@@mathiswiss3305 Lmao, the girl is asking for advice, this dude is trying to get it in
Thanks Rich. Fantastic as always.
Great video. Thanks for the candid answers.
Thanks for all the knowledge pops
"You get hired because of your resume, you get fired because of ..." ?
I couldn't understand this part.
Nice Oakley Flak Jacket XLJ sunglasses. My fav.
"because you failed....." - logic or not?
13:31 real men drive manual;
btw that engine sound worth a million dude
" I hope the sound isn't too loud" damn man
Great video, love the detail about your experience and what you did. Good video
Thanks 🙏 , that was confirmation to take my financial services ( FMO ) busniess more seriously. I’m in the life insurance industry and feel real good about especially with what’s going on. We do
Life insurance
401k
IRA & ROTH IRA
Debt settlement (like you mentioned)
Student, medical, credit
Long term care
Annuities
So thank you take my state exam for my life insurances licenses Tuesday wish me luck! Which I know I already passed it 😉
Hey I have been watching your channels for a long time. You are definitely stirring the female TH-cam channels crazy. I started receiving these girls channels that try to talk down on you but they are very ignorant. I'm not sure how they got onto my TH-cam service. But I watched some of them and they are just plain dumb. Keep doing what your doing buddy. I love it. Also the coconut oil for the beard is amazing .love ya brotha from another mother.
Rich is Rich..................Well done brother !
This video was MUCH needed
I'm surprised Equifax didn't have you sign a noncompete. I bet they do now. Your business is highly competitive. I have respect for people who grow their own business from nothing. Kudos..Only those that do that know what it is and what it takes.
Killer video Rich.
Thank you for this.
This is a valuable breakdown, showing the necessary inside cogs of a (super) successful business.
More of these types of vids would be amazing,
E
Would love to hear about how you structure your expenses & budget. I have heard many ways to do it, but I’d love to see how someone like yourself goes about managing their finances.
I worked for two different companies doing exactly that especially those who were in litigation, so I would negotiate on behalf of our clients to settle their debts, whether lump sum at 20% of the balance, or payment arrangements at 35-40%. I built rapports with 3rd party debt collectors, and law firms to establish a base line for settlements across the board. Most of them handle a ton of accounts, so volume was a big factor. I would have them pre-fax me settlement agreements with the terms to be more efficient. It would get to the point where we only spoke to each other if there was a problem on the contract, or make an adjustment to the settlement.
The problem with these companies was they got into trouble making false claims, and pledges. For example, these client's had to pay a fee to be in the 'program', and recurring monthly fees for working their account on top of putting money aside for settling accounts. These companies told them it won't hurt your credit, people who were barely making their monthly payments, but not delinquent were told to stop making payments, and once it's "aged" delinquent for 90 days or longer we attempt to get it settled for less than what they owe, etc.
I was very good at it, but ethically I couldn't do it anymore knowing what I knew, and they were enrolling people that was put in a tougher spot. They got into trouble with BBB, and state AG's filed lawsuits that eventually buried them. So, I got out before the second one went under.
Credit Solutions was the first one.
I made a lot of money in commissions, and bonuses. But, again, it was one of those things how the company operated that I wasn't okay with is ultimately the reason why I got out of the industry.
Proud of you for standing up for your morals. Most people do terrible and unethical things for money.
You literally made a video about all the questions I had for you. Solid content , I could tell your new bussinesss venture is yt. Or what new businesses have you embarked on?
Very interesting video. More practical stuff on financial and business in general and details(especially on how to set solid foundations for a business in details). Subscribed and liked. Keep it up!
Great channel! It is like having a Mentor! Thank you!
Definitely more on these type of topics 🙌
Really really appreciate this video.
Manual transmissions are dying quickly.. It's a shame I can relate to your love of awesome cars !
Great video Rich
Excellent vid Rich, could u do one on how to work deals with creditors? The approach to take and target percentage to shoot for? All the moves you would discuss when you did a deal with a creditor to get the best deal for your client. Thx brother from another ✌🏻👊🏻
listen to this bad boy, oh yeah~
Love the honesty
Thanks, Paul!