Travis Makes Money 799: Justin Sloan | The Power of Diversification and Franchises
For today's episode, we have on the show, Justin Sloan. Justin is a business-oriented and highly driven-entrepreneur who is passionate about investment and asset management. Justin ventured into the world of business at the age of 20 when he took every penny in his bank account and started his first cell phone retail store with himself as the only employee. After months of working every day from open to close, the business was able to hire the first employee and eventually grow into a large chain.
Justin is also the CEO of Sloan Capital. Sloan Capital helps investors deploy capital into various asset classes. From real estate to venture, they position investments to where they believe the world is heading. The firm is a disciplined and forward-thinking collective creating opportunities in areas most don't know exist.
Tune in as Justin and Travis discuss the transition from hustling to being an entrepreneur, how to pivot to different investments and assets, and why it’s important to fractionally own different assets instead of just one class of asset when investing.
Justin expands on Everbowl, a chain of healthy Acai bowl restaurants that offers healthy food at an affordable price for its customers. Justin seeks to help other investors diversify their revenue streams by investing in franchises while also creating employment opportunities and offering healthier eating options.
Key Highlights:
[00:01 - 10:48] 15 years of Selling Cellphones
Growing up in the hustle culture
From selling phones at the mall to owning cellphone stores
Why Justin didn't get the value he expected from going to college and dropping out twice
[10:49 - 16:49] Pivoting and Real Estate
Exiting the cellphone business and pivoting to other opportunities
Getting started in different Real Estate assets and investments
Why diversification is crucial to make better investments
[16:50 -22:55] Everbowl
The value and leverage of franchise businesses
How a mastermind helped Justin get to the next level of entrepreneurship
Justin’s journey to acquire the rights to Everbowl in Texas
[22:56 -28:46] The Everbowl Investment
How to invest in Everbowl
Justin’s advice on investing and diversifying
Tweetable Quote:
“ I think that the world is better to fractionally own lots and lots of stuff ” - Justin Sloan
“ At the end of the day, a franchise is a repeatable business” - Justin Sloan
Connect with Justin:
Visit: sloan-capital.com
Follow Justin on:
Instagram: @sloancapital
Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people.
Jump on over to travischappell.com/makemypodcast and let my team make you your very own show!
If you want to learn how to build YOUR network, check out my website travischappell.com. You can connect with me on Facebook, Instagram, and Twitter.
Check out FranBridge Consulting for premier non-food franchise opportunities: travischappell.com/franbridge
Our Sponsors:
* Check out Kinsta: https://kinsta.com
Learn more about your ad choices. Visit megaphone.fm/adchoices