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However, why do you only show the revenue number? Can you share how profitable the business was and the cash flow generated? Potentially anyone could build a $40million revenue business by selling $10 bills for $1 - unfortunately it would not last for long.
It makes me want to leave my mark on the business world before I hit 25 years of age.
I can't believe I sat on that video for months before running it. I thought
talking about myself would distract from my mission here. Neil Patel was
right to push me to do it.
Undoubtedly, this video gives you huge credibility.
My question now is why you aren't interviewing yourself and giving us more of these tips! :-)
Now, I don't want to stir up trouble, but this is just me being curious and hitting a brick wall. I went to search Bradford & Reed:
http://www.google.com/search?q=bradford+%26+reed
I don't really find anything. Or rather, nothing at top-of-relevancy.
Maybe the new owners already changed the name? Feel free to disabuse me of any misconceptions! I'm still impressed. :)
Impressive for sure my friend. This is a great story indeed.
Thanks for sharing this.
Peace,
Rob
Cheers,
Eric
Do not underestimate the MEANING of what you have done - making money, no matter the type of business - requires the very best within us. We hear that money is the root of all evil, but I think it's the opposite.
Francisco's Money Speech in Atlas Shrugged makes some excellent points about the nature of money and the virtues required to make it:
http://www.capmag.com/article.asp?ID=1826
Best wishes,
Frode Odegard
@Michael D ambition is put down a lot, but charities/businesses/ideas all benefit from ambitious people.
@Pallian, I had this video ready months ago and didn't publish it because I didn't want to sound boastful. But I think I need to be more open to achieve this mission.
@Jonathan, thanks.
@Cesar, I'm lifting the curtain a bit.
@Michael DiVirgilio, Glad this is inspiring. Let me know what I can do to keep it useful.
@emad, When I interview other entrepreneurs, it feels like research. When I talk about myself, it feels like I'm egocentric. Maybe I need to get over that.
@sean, VC money is a pain in the ass. The guys who earn it wear the amount they earned like a badge, but in private they (usually) hate the hell they put themselves in.
@Joe, the assets are now in the hands of Fox Interactive Media and Demand Media.
@RS Williams, I'll talk more about what we did. Neil Patel has been convincing me to do it. Emad has pushed too. They're smart guys. I should listen to them more.
@Eric, I'm not sure I can talk about what we got for the sale. The profits were where the action was for us any way.
@frode My problem with Ayan Rand is that her vision of the entrepreneur doesn't give a rats ass about others. What I love about capitalism is that it forces entrepreneurs to stop being selfish and obsess on others. I can't tell you how many hours we spent in this company wondering, "what do people want to buy?" or "What will draw the biggest audience?"
@Mark Sean Percival did a short interview on lalawag.com
Capitalism forces me to be less selfish. If I want to make money, I have to give others what they need first.
Seth Godin said that he doesn't know anyone that do business for the money, but rather because it's a passion
- but it is also true that you can be passionate about making money, about figuring out "how" to create a demanded value, about the whole aspect of business by it self.
Side note: I absolutely love your site and I visit every single day anticipating new interviews. ....though I think it's time for a new logo and a website makeover to help expand the brand value and recognition. Just my 2cents :)
Andy Dang
When you think back, do you remember if you're response was vague so they weren't sure what to do so they went the safe route of transferring your call in or did they usually not ask (probably due to the name) or did you handle it a different way?
Im visiting your blog for the first time. Thank you for putting this site together.
Your video is interesting, because my business partner and i have only just been discussing these issues today.
This idea of openness, open mindedness and having a general love, wish and desire for those around you as well. I think its infectious and recently im starting to believe that it contributes to your own success.
Our own business has been struggling for the last 5 years. Like any other business, we made some silly mistakes, but we have always been determined and ambitious....naive too .
But while we have been doing that, and learning the things that we have, even though we are yet to see the sucess in our business, i already provide advice to other people i know in business to help them in any way that i can. Any little thing that i can learn, anything that has helped us, i like to pass it on.
I agree, that mindset is everything and if you have the ambition and passion, i believe one can pull it off.
Our business is also ogranic. We both (my business partner and i) decided that we were going to run the business without any outside investment, and scrapping is exactly what we have been doing for the last 5 years.
One day, .......one day very soon, i really hope it will be worth it.
Thank you for your inspiring words
All the best.
You're doing an amazing job, and your blog is one of my favorites. Top 10.
I'd love personally some help in determining which of my dozen ideas and the dozens of opportunities that present themselves each month are 'legacy-worthy'. How do you determine which can break through and win? Right now, I think it's largely guts and faith -- couple with smarts, effort and luck.
Do you know any differently?
What did it for me is when you said, "build long-lasting companies that our grandchildren can interact with." I don't believe in an after-life; this is pretty much it for me. What kind of legacy will I leave in this world?
When I'm gone, I want to be remembered for great things. Keep doing what you're doing because it is so inspiring and helpful to young entrepreneurs like myself.
Lets sit down and do lunch sometime to get to know each other outside of the interview setting.
- Jun
What did it for me is when you said, "build long-lasting companies that our grandchildren can interact with." I don't believe in an after-life; this is pretty much it for me. What kind of legacy will I leave in this world?
When I'm gone, I want to be remembered for great things. Keep doing what you're doing because it is so inspiring and helpful to young entrepreneurs like myself.
Lets sit down and do lunch sometime to get to know each other outside of the interview setting.
- Jun
Andrew Warner
Founder, Mixergy.com
Why do people think it's declasse' to discuss money? I know, it is. But I think it's just a game... especially since it's so ironic that the more one has, the more of an abstraction aka game it becomes.
dates. But if you spend too much time talking about how much you want to
date, you'll sound desperate and hurt your chances.
Aren't there somethings in life that we're much more likely to get by going
at them indirectly?
Andrew Warner
Founder, Mixergy.com
I've been reluctant to talk about myself here, but feedback like this is making me realize I should get over my reluctance.
But there's no legacy. I can't point to a building/movement/company that's still influencing the world.
I admire your work. I'm happy to scan in the statement and send it to you.
The other thing you should look at is the balance sheet. Anyone can make a
big profit, but if the revenue is all tied up in A/R the company can
suffocate from lack of cashflow.
Maybe you'll have a suggestion for how I can present these ideas and
experiences. I want to start sharing my experiences, but I'm much better at
doing than taking about what I did.
Andrew Warner
Founder, Mixergy.com
interviews more legitimacy.
Thanks Dauclair.
I'm talking passionately about ambition as a rebellion against the growing
wave of people who believe you have to "take it easy and good things will
come to you."
That's not true. It's an insult to people who achieved anything. It's
misleading people who try to achieve anything.
We are lucky in LA to have mixergy that proving to be such a positive force for the entire community. I have benefited a LOT from the people I have met at your event and from the help you extended towards me.
The last thing I ever wanted to do was exit. But I was so tired from long
hours and lack of a personal life that I didn't the fire any more.
The fire is back. I got it on vacation. And it grew when I started cycling
and running and having an outside life.
Glad the events helped you buddy. It's great to hear.
great sharing :-)
Do more with more. Thank you for your videos.
I love this. Wish you used your name so I could thank you by name.
Thanks for making this link for me. You just made a smarter.
Motivation speaking is what you should be doing...heck do it for free and just record all the sessions, and sell the live DVDs, sell these interviews on DVDs. If you made $38 million with the last business - this could definitely be bigger.
You speak from a place most people only wish they could get to and you're not selling bunk or hope, but encourage people to research and dig deeper.
I don't know if it's the coffee I just drank, but hearing this is exciting. Knowing someone else made it proves I can make it too.
I <3 Ambition!
I have to build something bigger than Bradford & Reed or else I'll spend the
rest of my life looking back at the "good old days." And that's not the kind
of life I want. On to bigger and better.
For you too buddy.
This is a life-long quest for me. So we'll get there together.
i <3 ambition
that we sold anything through Bradford & Reed.
Thanks for the compliment. It wasn't easy, but it was very satisfying to
reach that point.
I hope to be in your shoes one day.
New fan of your blog.
Your revenues were $38 million. What were your total expenses?
My friend John Yang referred me to your site. He's doing a video interview with you tomorrow, how cool. First and foremost it's awesome that you've created this site for other ambitious business owners, your post is inspiring and kicks me in the butt to move forward with my business plan and vision.
This is going to be a major resource for my project to help me create a "legacy-making" business. Kudos to you Andrew.
BTW- Early last year a friend and myself thought of a web concept similar to Mixergy.com, we even bought the domain name www.startyourventure.com. We never did anything with it, because we didn't even know where to begin. A site like your's is needed to get us ambitious idealists to take action.
- Mark Gonzales, http://www.facebook.com/marksellsla
interviews on Mixergy.
Sent from my mobile
I hope this gives EVERYONE out there a giant kick-in-the-ass to get moving! If Andrew Warner, Noah Kagan, Gary V, Siamak and all the others can do it -- let's join them! Let's do it too!
I'm pumped.