How a Profit-Driven Mindset Transforms Businesses

Source:
https://www.podbean.com/eau/pb-9eyyf-...

Summary:  Jeremy Lessaris, a serial entrepreneur, shares his journey from starting businesses at a young age to building successful companies. He discusses his background in car detailing and how it sparked his entrepreneurial spirit. Jeremy emphasizes the importance of solving problems and finding opportunities in various industries. He talks about his involvement in e-commerce, credit card processing, and the marine industry. Jeremy also highlights the sacrifices he made for success and the importance of balancing work and health. Jeremy Lessaris discusses his transition from being an operator to a builder and the importance of revenue and profitability in his business ventures. He also talks about his focus on building affordable housing and democratizing real estate investment. Jeremy shares his experience in the payment processing industry and highlights the predatory practices and excessive fees charged by processors. He emphasizes the need for transparency and cost reduction in the industry. Jeremy Lessaris shares his experience in starting and running multiple businesses, emphasizing the importance of sales and surrounding yourself with great people. He discusses the need for planning and organization, especially when it comes to exit strategies. Jeremy also highlights the value of finding a purpose and mission for your business, as well as the benefits of recurring revenue models. He concludes by encouraging entrepreneurs to enjoy the process and have fun along the way.
Keywords:  serial entrepreneur, car detailing, side hustle, e-commerce, credit card processing, marine industry, problem-solving, sacrifices, work-life balance, operator, builder, revenue, profitability, affordable housing, real estate investment, payment processing, predatory practices, excessive fees, transparency, cost reduction, entrepreneurship, sales, planning, organization, exit strategy, purpose, mission, recurring revenue, fun
Takeaways
Starting businesses at a young age can foster an entrepreneurial mindset
Solving problems and finding opportunities are key to success
Balancing work and health is crucial for long-term well-being
Building a diverse portfolio of businesses can lead to financial stability Transitioning from being an operator to a builder allows for more creativity and the ability to pursue multiple ideas
Revenue and profitability are crucial in business ventures, and it's important to focus on selling products or services before having them
Building affordable housing and democratizing real estate investment can have a positive impact on communities
The payment processing industry is plagued by predatory practices and excessive fees, and there is a need for transparency and cost reduction Sales cures a lot of problems and is a valuable skill for entrepreneurs.
Surround yourself with great people who excel in areas where you may not.
Plan and organize from the beginning, including setting up a data room and keeping clean books.
Consider the legacy and exit strategy of your business.
Find a purpose and mission that goes beyond profit.
Recurring revenue models can provide stability and growth opportunities.
Enjoy the process and have fun in your entrepreneurial journey.
 
Titles
From Car Detailing to Serial Entrepreneur: Jeremy's Journey
The Sacrifices of Entrepreneurship: Balancing Work and Health The Importance of Revenue and Profitability in Business Ventures
From Operator to Builder: Embracing Creativity and Multiple Ideas Enjoying the Entrepreneurial Journey
The Benefits of Recurring Revenue Models
Sound Bites
"I am a serial entrepreneur and it's such a great title for the show because this wasn't by accident, this was by design."
"Coming from absolutely nothing is a scarcity mentality and it's a survivalist style mentality."
"I never gave up my side hustles. And those side hustles turned into real companies with real revenue and significant profitability."
"I'm a profit first builder. I like to sell things before I have them and have revenue to be able to afford to do things before I do them."
"I can help companies, smaller guys, I can't help the fortune 50s or 500s, but I can help the small and medium-sized company actually."
"I hope legislation shuts my company down because they fixed this predatory system."
"We're like Robin Hood."
"Going from that scarcity mentality, the focus on profit over everything and revenue over everything, everything's really dying. When I changed the direction of what I was building for a purpose, everything got easy."
"I had sales before I had product. I was marketing something that didn't exist in some cases to a point where people were hounding me down."
Chapters
00:00 Introduction
03:01 Early Entrepreneurial Spirit
08:03 Building a Diverse Portfolio
12:57 The Challenges of Entrepreneurship
18:54 Involvement in the Marine Industry
21:02 Creating Solutions in the Natural Healthcare Industry
22:38 Transitioning from Ope