The New 1%

Hosted by Timothy Douglas

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Episodes

790

Latest episode

Jan 2024

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About the show

Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...

Listen to episodes

60 recent

January 10, 20246 min

A Deep Dive into Chimney Repair & Duct Cleaning Ventures" 🎄

🔥 Ready to make way for Santa Claus with your own Chimney Repair and Duct Cleaning business in Maryland? Explore the intricacies of acquiring a business with just a 10% down payment on an SBA loan! Dive into our latest episode for a detailed analysis of this unique opportunity. 🔥 🎧 Episode Highlights: 1️⃣ Red Flag Alert: "Employee-free Business" - Understand the challenges and opportunities of acquiring a business currently operating without employees. Is it a hidden gem or a cautionary tale? 2️⃣ Strengths Insight: "Evergreen Demand in Home Services" - Discover why the home service industry, particularly chimney repair and duct cleaning, remains a lucrative and stable market. 3️⃣ Employee Quality: "Attracting High-Caliber Talent" - Learn how the industry's fair pay can attract higher quality employees, a crucial factor in the success of your business. 💡 Financial Breakdown: Purchase Price: $485,500 Your Down Payment: Approx. $48,550 Remaining Debt: Approx. $436,950 Estimated Cash Flow: $150k, with about $70k remaining after monthly payments of $6,650 👥 Consult Your Team: Bring your accountant, lawyer, equity partner, and due diligence expert into the conversation. Make a well-informed decision that could shape your future. 🍪 Embrace the opportunity to own a turnkey business like a Crumbl franchise. It's more than just a transaction; it's a strategic move towards entrepreneurship. 📲 Share this with aspiring entrepreneurs or anyone looking to dive into the home service industry.

January 9, 202410 min

"The Power of Branding: Lessons from Nike & Jordan" 🚀

👟 Think of Nike's iconic swoosh. Ever wonder what catapulted it to fame? Hint: It's got everything to do with Michael Jordan! Dive into our latest episode to unravel the secrets of iconic branding and how you can apply these lessons to your business. 🏀 🎧 Episode Highlights: 1️⃣ Mission Definition: "Crafting Your Brand's Mission" - What's the core purpose of your brand? We start by defining the mission that drives your brand forward. 2️⃣ Audience Understanding: "Knowing Your Audience" - Who are you speaking to, and how? Discover the art of connecting with your audience authentically. 3️⃣ Visual Identity Creation: "Designing Brand Aesthetics" - Learn how to create a visual identity that resonates. Your brand's look matters as much as its message. 4️⃣ Messaging Consistency: "Unified Brand Communication" - Consistency is key. We'll discuss how to maintain a unified brand voice across all platforms. 5️⃣ Audience Engagement: "Connecting with Customers" - Engage your audience in meaningful ways. It's not just about selling; it's about building relationships. 🔑 Remember, branding is about creating positive associations in your customer's minds. It's your reputation on the line. Consistency is crucial – inconsistency can be seen as a facade. 📲 Share this with someone thinking about branding for their business.

January 8, 20248 min

🚀 "Following Musk's Footsteps: Aligning Passions with Business" 🚀

🤔 Did you know Elon Musk's ventures are deeply rooted in his childhood passions? What if YOU could chart a similar course? Dive into our latest episode where we unpack the blueprint to aligning your business with your passions - a strategy not just for fulfillment but for impactful wealth creation! 🌌 🎧 Episode Highlights: 1️⃣ Skill Assessment: "Evaluating Personal Strengths" - Discover your unique skills, just like how Elon pinpointed his strengths to revolutionize industries! 2️⃣ Interest Exploration: "Passions as Business Ideas" - Uncover the potential of turning your interests into viable business ventures. If it excites you, it might just work! 3️⃣ Conducting Market Research: "Finding Your Niche" - Learn to blend your skills and interests with market needs. Where can you fill a gap or form strategic partnerships? 4️⃣ Demand Analysis: "Assessing Market Needs" - Understand the growing demands in your chosen field. Is the market craving what you have to offer? 5️⃣ Growth Planning: "Future-Proofing Your Business" - Think long-term. How can your business evolve and grow with you over time? 🌱 Remember, aligning your business with your expertise and interests isn't just fulfilling – it's strategic. This isn't just about dreaming big, it's about strategic steps to get there. 🌱 📲 Send this to someone ready to create wealth and a lasting impact!

January 8, 202412 min

Week 16: The Journey to the New 1% - Targeting, Expansion, and Challenges" 🚀

📈 This week on our journey to the new 1%, we delve deep into strategic targeting, real estate expansion, and overcoming challenges. Join us as we share insights from our personal journey, aiming to inspire and guide fellow entrepreneurs. It's a raw, real, and revealing look into the world of business and personal growth. 🌟 🎧 Episode Highlights: 1️⃣ Narrowing the ICP (Ideal Client Profile): We've honed in on our target audience - young, Christian, business-minded, and impact-focused salespeople. Discover how this specificity is key to our strategy. 2️⃣ Direct Messaging (DM) Strategy: Learn about our DM outreach, how we're refining our approach based on our updated ICP, and the importance of targeted communication in digital marketing. 3️⃣ Advertising Budget Planning: Get insights into the power of ad dollars, particularly in boosting Reels and driving traffic to our Facebook group. We're gearing up for a significant advertising budget to create a stronger feedback loop. 4️⃣ Sober Living Venture: Exciting news! We've purchased a property in San Antonio for our sober living project. We dive into the challenges of finalizing the purchase, preparing for the closing, and the logistics involved. 5️⃣ Operational Challenges: From furnishing the new property to finding a sober living house manager, and managing leases in Austin, we discuss the nitty-gritty of real estate management and the hurdles we're facing. 🤔 Reflecting on Our Journey: We wrap up with a reflection on our week and invite you to share your journey. What does your week in the pursuit of the new 1% look like? 📲 Share this episode with fellow entrepreneurs, real estate enthusiasts, and anyone on a journey of personal and professional growth.

January 6, 202411 min

The Journey of Community Investing Newbies 🌱

"Join us in tracking the progress of our community investment novices on their entrepreneurial adventure! 📈 🗓️ Timeline Check: Dec 2: Venture begins Dec 19: 'Outsourced Services LLC' is born Dec: $2,400 pooled in shared account LLC Setup Cost: $400 🤔 Challenges & Insights: The debate over which package to choose on IncFile Exploring business credit for early financing DIY approach: No paid help, all self-research First month: No significant progress Meeting schedule: Started weekly, then lapsed due to life commitments 📅 Current Status (Early January): Upcoming meeting set for this month $2,000 in capital, with $2,400 more expected Continued research on business credit 💡 Reflect: They're learning that consistency and commitment are key in entrepreneurship. 🗣️ Your Thoughts? How do you think they're doing? Any advice or experiences to share? Join the conversation in the comments! #CommunityInvesting #EntrepreneurshipJourney #BusinessStartup #PodcastUpdate

January 6, 202411 min

The Law of Solid Ground: Groups rise and fall on their leaders

"Leadership can transform a pack of lions led by a dog into warriors, or reduce them to mere followers. Discover the essence of true leadership in our latest podcast episode, featuring the wisdom of John Maxwell. 🔑 Key Takeaway: Leadership is about trust, not just authority. Maxwell's Law of Solid Ground teaches us that trust is the foundation of effective leadership. But how is this achieved? 1️⃣ Competency: Excel in your responsibilities. Aim to be world-class in what you do. 2️⃣ Character: Embrace integrity and ethics. Remember, you're either honest or you're not; patient or not; reliable or not. John's insights remind us that ethics permeate every aspect of life, influencing our relationships and community dynamics. Building trust through competent and ethical interactions is key to growing influence and fostering strong communities, be it in friendships, businesses, or families. 🚀 Want to elevate your leadership and relationship skills? Listen in and share this with someone looking to enhance their impact! #LeadershipPodcast #JohnMaxwell #TrustInLeadership #BuildInfluence #MaxwellLeadership" 📣 Perfect for posting on Twitter and LinkedIn to engage your audience! 🌟

January 5, 202411 min

The Gordon Moore Legacy - From Silicon Start-Up to Tech Titan 🚀

👨‍💻 Dive into the extraordinary journey of Gordon Moore, the mastermind behind Intel, in our latest podcast episode! Discover how a small startup evolved into a global tech powerhouse through strategic growth and innovation. 🌟 🔍 Episode Highlights: 1️⃣ Early Decisions: The Microprocessor Revolution - Uncover how Moore's initial focus on microprocessors set Intel on a path to dominate the computing industry. A tale of vision and foresight! 🖥️ 2️⃣ Strategic Pivots: Diversifying into New Horizons - Explore how Moore's shift towards diversification and R&D investment opened new markets for Intel, showcasing the power of adaptability in tech. 🔬 3️⃣ Moore's Law: Predicting the Future - Learn about the legendary Moore's Law and how this prediction of exponential growth in computing power became a guiding star for Intel's strategy. 💡 4️⃣ Beyond Business: A Legacy of Global Impact - Discover how the Gordon and Betty Moore Foundation, fueled by Moore's success, contributes millions to environmental conservation, patient care, and scientific research. 🌍 🎙️ Podcast Takeaways: Early Choices Matter: The importance of visionary decisions in shaping a company's future. R&D led the way into new markets: How research and development can be a game-changer for business expansion. High Growth Markets - Row in the Right Boat: Insights into identifying and capitalizing on high-growth opportunities. 🔗 Tune in to our podcast for an inspiring story that's not just about business success, but about leveraging that success for a greater cause. Perfect for entrepreneurs, tech enthusiasts, and anyone interested in the intersection of innovation and impact! 📣 Share this with your network on Twitter and LinkedIn! Join us in exploring the story of a tech visionary who changed the world. #GordonMooreLegacy #TechInnovation #BusinessStrategy #IntelStory #MooreFoundation 🎧 Listen, learn, and be inspired! 🌟

January 3, 20246 min

Sweet Opportunity: Owning a Crumbl Cookies Franchise in Dallas" 🚀🍪

"🍪 Craving a Sweet Business Venture? 📈 Tune into our latest podcast episode! We're diving into the delicious world of owning a Crumbl Cookies franchise in Dallas, TX. 📍 💡 Learn how with just 10% down, you can secure an SBA loan and acquire a Crumbl Cookies store for $550,000. Your journey to entrepreneurship starts with a $55,000 down payment and a dream! 💭💰 🔍 We're not just talking cookies; we're talking strategy. From assessing cash flows and potential red flags to leveraging franchise support and a knowledgeable staff, we've got the insights you need. 📊 👉 Is the restaurant biz right for you? Weigh the pros and cons: Red Flag: The challenges of the restaurant industry 🚩 Strength: Franchise support to guide you 🤝 Strength: A dedicated team ready to stay on board 👥 🤔 Consult your team - accountants, lawyers, equity partners, and due diligence experts - and make an informed decision. 🧐 https://podcasts.apple.com/us/podcast/the-new-1/id1583619640

January 3, 202410 min

Unveiling the Art of Sales - A Journey Beyond the Product

🚀 "People don't know what they want until you show it to them." - Steve Jobs. 🌟 Dive into the world of effective sales strategies, where it's not just about selling but deeply understanding and fulfilling customer needs. Our latest podcast episode unpacks this concept, inspired by the legendary Steve Jobs. Perfect for sharing on LinkedIn and Twitter, here's a glimpse of what we cover: 1. **Customer Insight** 🤝: Explore the depths of what your customers truly need. Learn to anticipate and fulfill hidden desires, much like Jobs did. It's about understanding before offering. 2. **Value Creation** 💡: Discover how the product itself is just the beginning. We dissect examples like the iPhone, which didn't just sell a phone, but a whole new lifestyle. 3. **Authentic Connection** 💖: Uncover the power of genuine engagement. It's about nurturing a relationship, not just closing a sale. Authenticity is key. 4. **Consistent Innovation** 🚀: Stay ahead in the game with constant innovation. We discuss how to keep offering something new and exciting, mirroring Apple's evolution. 5. **Great Communication** 🗣️: Master the art of asking insightful questions and aligning your selling style with human psychology. 📣 Perfect for anyone starting in business or sales! Tune in to gain these valuable insights and elevate your sales strategy. 🎧 **Listen to our Podcast:** Customer Insight | Value Creation | Authentic Connection | Consistent Innovation | Great Communication 👥 Tag and share with a friend who's stepping into the business or sales world! #SalesStrategy #Innovation #CustomerInsight #Podcast #BusinessGrowth #SteveJobsLegacy #MarketingInsights #LinkedInShare #TwitterTrends

January 1, 20248 min

🚀 Ready to buy a business? Start by finding your sweet spot! 🎯

📝 Here's how: 🧐 Self-Assessment: Identify your skills, passions, and personality. What industries align with your expertise and enthusiasm? 🌐 Market Research: Explore businesses in fields you know well and are passionate about. Familiarity is key. 📈 Growth Potential: Seek businesses with exciting growth opportunities. Can you see its potential? 🤝 Cultural Fit: Ensure the business's culture and values resonate with your own. Alignment is vital for long-term satisfaction. Discover the perfect business opportunity by matching it with your unique skill set and passions! 🌟 #BusinessOpportunity #Entrepreneurship #PassionDriven" Share this insight with someone ready to embark on their entrepreneurial journey! 🚀