A Wealthy Janitor Made Him a Millionaire… HOW?! [Video]

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Brandon Schlichter went from barely having a dollar to setting aside his spare income to invest in real estate properties. Now, he owns trailer parks, rental homes, car washes, laundromats, and self storage facilities. And he’s planning on meeting over $25M in revenue over the next 12 months. What’s crazy is that it took only one person to help Brandon visualize this type of potential and shape his perception on business all together.

Brandon has been an entrepreneur from a young age, having started two businesses with his brother between the ages of 15-18. His first business entailed purchasing used equipment, fixing it up, and reselling the equipment on Ebay for a profit. His second business idea, however, wasn’t successful. When Brandon turned 18, his father suffered from a heart attack, which led him to switch gears and receive full time employment as a warehouse employee for GAP Inc.

In this episode, learn how Brandon leverages data-driven decision making in his ventures, how current connections can turn into future business partnerships, and why so many entrepreneurs fail to find investors or secure funding for their ideas. He also stresses the importance of a targeted potential customer understanding the value of your product or service.

Resources:
https://bit.ly/3yPxDiA – Gain Free Access to the UpFlip Academy Today!
https://www.investmentjoy.com/ Connect with Brandon

Timestamps:
00:00 – Start
00:54 – Scale of business operations
01:15 – First venture
02:10 – Background
03:06 – Inspiration
05:30 – Real estate portfolio
05:49 – First deal funding
08:12 – Car wash revenue
09:39 – Buying a car wash
10:28 – Car wash expenses
11:02 – Self-storage units
11:36 – Finding great deals
12:01 – Self-storage unit issues
12:39 – Surprises revealed
13:16 – Fan blitz
15:15 – Personal storage unit
16:38 – Laundromat
17:33 – Comparing profitability
18:11 – Laundromat upgrades
19:00 – Laundromat equipment
20:08 – Navigating laundromat issues
20:44 – Laundromat acquisition mistakes
21:18 – Revenue across businesses
22:45 – Money and happiness
24:13 – Smartest car wash business move
24:57 – Where to focus as a newbie
27:12 – Advice on getting a car wash
28:00 – Finding the capital
30:07 – Keys to success
30:53 – Networking
32:37 – Social media branding
35:35 – Unconventional strategy
37:17 – Juggling multiple businesses
38:57 – Marketing across businesses
40:01 – Negotiation tactics
41:15 – Managing business challenges
42:42 – Buy or build a business?
43:36 – Advice to younger self
44:24 – Business opportunities
45:55 – Customer satisfaction
46:52 – Avoiding common business pitfalls
47:45 – Outro

#entrepreneur #entrepreneurship #entrepreneurs