How I Bought an $8M/Year Company With Only $5,000

Ever wonder how someone bought an $8M/year company with only $5,000? Gary Shelton did just that, and in this interview, he reveals his exact model. Gary is "The Coaching King," having acquired, scaled, and sold 12 different businesses over the last 50 years, each hitting 8-figures per year. He explains why mindset is the #1 reason most entrepreneurs never hit $1M a year in revenue and shares the lessons he learned from his mentor who built the first black-owned billion-dollar company. If you want to learn how to acquire businesses with little of your own money, build systems that allow them to run without you, and develop the perseverance to succeed, this conversation is for you. Check out the company: https://goshelton.com

Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory

👀 CONNECT WITH SEAN

Subscribe: https://www.youtube.com/@seanweisbrot

LinkedIn: https://linkedin.com/in/seanweisbrot

Inquiries: welivetobuild@gmail.com

🕒 CHAPTERS

00:00 - "Life is Quick, Man."

01:34 - The REAL Reason Businesses Fail to Hit $1M/Year

03:42 - The Money Lesson My Grandfather Taught Me at Age 4

06:35 - My First Million-Dollar Business Acquisition

08:29 - The #1 Thing That Gives a Business REAL Value

11:19 - How I Bought an $8M/Year Company With $5,000

14:48 - "I'm Not Betting The Farm Unless The Crops Are On Fire"

17:22 - The 2 Things to Look For When Buying a Business

22:20 - The Hardest Part of Being an Entrepreneur

30:45 - "I Don't Work. I Do What I Love."

📈 WORK WITH ME

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