75 min listen
384: How Red Robin’s Waiter of the Year Built MULTIPLE 9-Figure Businesses
384: How Red Robin’s Waiter of the Year Built MULTIPLE 9-Figure Businesses
ratings:
Length:
71 minutes
Released:
Feb 13, 2023
Format:
Podcast episode
Description
Every entrepreneur wants to build a nine-figure business. Even a million dollars in revenue seems like a dream to the everyday American. So how did a Red Robin waiter, making five-dollar tips, leave college to start one of the fastest-growing real estate businesses in the country? Even better, how did he do it multiple times, creating not one, not two, but a group of entrepreneurial endeavors that casually bring in over nine figures each year? If you want to hear his system to success, you’ll have to stick around.James Dainard didn’t know much about real estate before college. After his roommate (and now business partner) started door knocking for local wholesalers, James decided to give it a try. He was miserable at it, barely getting a single deal done before leaving college. But, when offered a cushy six-figure salary, James declined, knowing that there were still riches to be made in real estate, but only if he worked smart.Fast-forward fifteen years and James owns a slew of real estate-related companies. From a luxury house flippingbusiness to hard money lending, a successful brokerage, a real estate development firm, and more, James didn’t just master one business—he mastered anything he could get his hands on. The best part? You can do this too! James drops some time-tested gems on starting, building, and scaling a business that will allow you to grow at an almost unbelievable rate like he did.In This Episode We CoverWhy James declined a $200K salary (out of college) to make a business-bet on himselfDoor knocking, wholesaling, and the BEST ways to make money as a college studentFrugality, keeping expenses low, and the massive benefit of reinvesting every dollar you haveHard money lending, real estate syndications, and other highly-profitable businesses most investors are unaware ofStructuring your team and how to scale your business even if you don’t have leadership experienceThe struggles of being a CEO and what to do when your strategy isn’t workingWhy every business needs a “quarterback” and a “coach” to succeedAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and BudgetOn The MarketFinancial Freedom Through Small Life Changes and a Modest Real Estate PortfolioHow to Become an “Overnight” Success in 10 Short Years with David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/money-384Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 13, 2023
Format:
Podcast episode
Titles in the series (100)
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