Sam Ovens, Founder of Skool, shares advice on synergy between cash flow and assets, comfort with debt, and building a company without investors. He also discusses changing products while keeping brand consistent, the success of masterminds, and standing out with detailed courses and events.
Building a profitable info business first is recommended, then diversify investments into assets like real estate or crypto.
Mastermind groups within the info industry provide recurring revenue, community support, and long-term value.
Deep dives
The News is Not for Everyone
The podcast episode highlights the lack of inclusivity in mainstream news media, suggesting that it is primarily tailored for the comfort of white people. The hosts argue that marginalized voices are often ignored, leading to a sense of disconnect for many viewers.
Info Business vs. SaaS
The episode explores the differences between running an info business and a software as a service (SaaS) business. The guest speaker, Sam Ovens, emphasizes that info businesses offer high cash flow with minimal capital expenditure, while SaaS businesses require long-term thinking and involve higher expenses. He recommends building a profitable info business first and then diversifying investments into assets like real estate or crypto.
The Power of Masterminds
The podcast discusses the benefits of mastermind groups within the info industry. These groups provide recurring revenue through annual subscriptions and foster a sense of community and support among members. The episode emphasizes the long-term value of mastermind groups and the potential for substantial results and client retention.
In episode #2252, we chat with Sam Ovens, Founder of Skool, about building a Skool community and his approach to business. Tuning in you’ll hear Sam’s advice on how to create effective synergy between your cash flow and your assets, why it helps to become comfortable with debt, and how he was able to build his company without investors and as a result only be accountable to himself. He also expands on how you can change your products while keeping your brand consistent, why Masterminds are so important and why he loves them so much!
TIME-STAMPED SHOW NOTES:
[00:20] Today’s topic: Building a Skool Community with Sam Ovens.
[00:35] Get to know our guest, Sam Ovens.
[00:51] Sam’s fundamental advice to his mastermind members.
[01:45] How to create good synergy between cash flow and assets.
[02:07] Why the best investment is in your own business.
[04:20] How Sam was able to create his companies without investors.
[04:36] An overview of Sam’s current business expenses.
[05:39] Why your brand can stay constant even when you change your products.
[06:26] Learn why Sam’s mastermind is so successful and how it has helped its clients.
[08:35] How Sam differentiated himself to build Consulting.com.
[09:21] That’s it for today! Don’t forget to rate, review, and subscribe to this podcast!