8 Minute Millionaire: Learn the Secrets of Millionaire Entrepreneurs Justin and Tara Williams

Kirsten interviews JoJo Struebing, an entrepreneur with a rich background in creating and managing brick-and-mortar businesses. The discussion explores things you should consider for starting a traditional business model, including location selection, market research, funding options, and creating a unique customer experience. JoJo shares her journey from corporate sales to owning and franchising a float therapy studio, emphasizing the importance of thorough planning and flexibility. Real-life lessons and expert insights make this episode a masterclass for aspiring brick-and-mortar business owners.
 
What we discuss with Jojo + JoJo's Entrepreneurial Journey
+ Challenges and Insights of Brick and Mortar Businesses
+ Importance of Location and Market Research
+ Balancing Specificity and Flexibility in Business
+ Financial Considerations for Brick and Mortar
+ Key Factors for Success and Failure
+ Adapting to Industry Changes
+ Making Your Business Profitable
+ Owner vs. Operator: Finding the Balance
+ Leveraging Physical Space for Community Engagement
+ Competition: Friend or Foe?
+ Lessons from Rapid Expansion
+ The Importance of Systems and Processes
+ Starting Fresh: Building a Business from Scratch
+ Passion vs. Opportunity: Finding the Right Business
 
Resources from this Episode: JoJo's Franchise Business: Altered States Wellness
 
Thank you JoJo! We'd like to give a shout-out to today's sponsor, JoJo Struebing and her company Altered States Wellness. To connect with JoJo on LinkedIn click here.
 
Sign up for our FREE Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.
 
If you enjoyed this episode with JoJo, let us know by clicking on any of the links below to send him a quick shout-out:
Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
 
And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.
 
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

How a former PGA Golf Pro turned successful entrepreneur and founder of Hoppin', one of the fastest growing taprooms on the market. In this episode of the Millionaire University Podcast, Brien Gearin dives into the fascinating world of self-serve bars with Rich Moyer, the entrepreneurial force behind Hoppin' Brands. Rich shares his journey from a PGA Golf Pro to a successful business owner, discussing the evolution, mechanics, and benefits of his unique taproom concept that has expanded to 11 cities. He provides insights into the streamlined, technology-driven customer experience, franchising strategies, and the essential value of happy employees. Rich's story offers invaluable lessons for aspiring entrepreneurs, highlighting the importance of taking action and embracing failure as a stepping stone to success.
 
What we discuss with Rich: + Introduction to Rich Moyer and Hoppin Tap Room
+ Rich Moyer's Journey: From PGA Pro to Entrepreneur
+ Launching and Expanding Hoppin Brands
+ Concept and Technology of Hoppin Tap Room
+ Franchising Hoppin Tap Room
+ Franchisee Selection and Support
+ Operating Challenges and Strategies
+ Future of Hoppin Brands
+ Conclusion and Advice for Entrepreneurs
 
Thank you Rich! We'd like to thank Rich for sponsoring today's episode! If you're interested in franchising, you can reach out to Rich directly on LinkedIn and Instagram or you can go to OwnAHoppin.com. If you want to check their consumer website, HoppinBrands.com will lead you to all of their locations. 
 
If you enjoyed this episode, let us know by clicking on any of the links below to send a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
 
Want 300+ ideas for your business, check out our FREE Business Training where we include all of these!
 
And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.
 
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

55 Airbnbs, 17 flights, $1,400 in speeding tickets in Australia, are just some of the many things we experienced on our 9-month trip around the world. Join us in a lively and detailed recount of our nine-month trip around the world, exploring various countries, cultures, and experiences with our family. From go-karting in New Zealand to skiing in Zermatt and snorkeling in Tahiti, we share the highs and the lows and the tips and tricks after taking a leap of faith to sell everything we had to explore this beautiful world, all while running a business and doing online school as a family.
 
What we discuss with Justin and Tara: + Introduction & Episode Overview
+ Travel Stats and Awestruck Experiences
+ The Motivation Behind the Journey
+ Selling Everything and Taking the Leap
+ Challenges and Differences in the Journey
+ Detailed Itinerary: Countries and Memorable Moments
+ Encounters and Reflections Along the Way
+ Final Thoughts on Travel and Life
 
If you enjoyed this episode, let us know by clicking on any of the links below to send a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
 
Want 300+ ideas for your business, check out our FREE Business Training where we include all of these!
 
And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.
 
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.
 
Here are your shownotes! You had quite the adventurous journey. Let me know if there's anything you want to adjust or add.

Are you the typical business owner who dreads doing taxes when it comes to your business? Then this episode is for you. Host Erik Fisher interviews Jeff Trapp, founder of Tax Planning Pros, about ways to maximize your tax write-offs, how to maintain good records to ensure you avoid IRS scrutiny, and what to do if you are audited. We'll also discuss investing, how to prep your taxes if you're selling your business and we'll also clue you in on one of the biggest tax deductions most people are NOT taking now.
 
So let's dive into the things you can be doing TODAY to create your booming financial future tomorrow!
 
What we discuss with Jeff: + Why Proactive Tax Planning Matters
+ Key Differences Between Tax Preparation and Tax Planning
+ Common Mistakes Business Owners Make with Taxes
+ Getting Started with Proper Documentation
+ Understanding Business Entities: LLCs, S Corps, and C Corps
+ Leveraging Real Estate for Tax Benefits
+ Introduction to Cost Segregation and Depreciation
+ Investment Strategies for Tax Savings
+ Preparing for a Business Sale and Tax Implications
+ Hiring Family Members and Home Office Deductions
+ Managing Taxes Across Multiple States
+ Staying Informed on Tax Law Changes
 
Thank you Jeff! Big thank you to Jeff for sponsoring today's episode! For more insights and resources from Jeff, check out the Jeff Trapp Podcast on Apple, Spotify, and other major podcast platforms. Get a free tax playbook at mytaxplaybook.com and learn more about Tax Planning Pros at thetaxplanningpros.com.
 
If you enjoyed this episode, let us know by clicking on any of the links below to send a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
 
Want 300+ ideas for your business, check out our FREE Business Training where we include all of these!
 
And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.
 
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Building a lucrative income stream through vending machines is the discussion for today's podcast. Mike Hoffman from mrpassive.com shares how he transitioned from a career in sports science and real estate to managing 25 vending machines that yield significant monthly profits. The conversation covers the initial investment, operational strategies, and the high profitability of vending machines compared to stocks and real estate. Mike also emphasizes the growing potential of the vending industry, especially with technology advancements and market saturation ripe for disruption. Listeners can learn about the ease of starting and scaling a vending machine business, hiring strategies, and the long-term financial benefits and equity-building potential of this venture.
 
What we discuss with Mike: + Meet Mike Hoffman: From Sports to Vending Machines
+ The Journey to Vending Machine Success
+ Why Vending Machines Over Real Estate?
+ Earning Potential and Location Strategy
+ Getting Started with Vending Machines
+ Stocking and Managing Your Vending Machines
+ Hiring and Scaling Your Vending Business
+ The Importance of Technology in Vending
+ Disrupting the Vending Industry
+ Buying and Valuing Vending Routes
+ Expanding Vending Operations
+ Vending in Hotels and Remote Management
+ Time Commitment and Profitability
+ Challenges and Liabilities in Vending
+ Future of the Vending Industry
+ Final Thoughts and Advice
 
Thank you, Mike! A BIG thank you to Mike for sponsoring today's episode and for sharing so much value! To learn more about starting your own vending machine business, go to Mr.Passive.com.
 
And to connect with Mike check him out on Instagram and Youtube.
 
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.
 
Sign up for our FREE Millionaire University Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.
 
Wanna get social? Click on any of the links below to connect with us.
Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
 
And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.

One of the reasons people get hung up on starting a business is that they think they need to have this big, crazy, original idea. That's just not the case. There are a million ways to make a million dollars. All you need is one simple idea and you're probably much closer than you think. In this episode, Justin and Tara cover the six different ways to come up with YOUR big idea.
 
(Original Air Date - 2/17/23)
What we discuss with Justin and Tara: + Welcome to Millionaire University
+ The Big Idea: Financial Independence and Abundance
+ Six Different Ways to Come Up with Your Big Idea
+ Go with Your Gut: Implementing Your Idea
+ The Importance of Product Research
+ The Reality of Starting a Business
+ Figuring Out Your Product Quickly
+ Committing to Your Business Idea
+ The Danger of Being Fickle
+ The Importance of Taking Action Quickly
+ The Difference Between Squirrel Moments and Intelligent Pivots
+ The Power of Picking a Skill or Topic
+ The Potential of Improving Existing Tools or Services
+ The Value of Asking Others About Their Businesses
+ The Power of Google for Business Ideas
+ Conclusion: Committing to Your Big Idea
 
Resources from this Episode: To get more help on coming up with your business idea, check out this blog post: Coming Up With Your Business Idea
 
Want 300+ ideas for your business, check out our FREE Business Training where we include all of these!
  If you enjoyed this episode, let us know by clicking on any of the links below to send a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
 
And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.
 
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.