Category: Blog Posts

What You Can Learn From the Failure of Subway

In the last 12 months, Subway has lost over 900 stores, which is the largest loss in company history! And yet, I’m sure you can still remember a time when Subway was completely dominating the fast food sandwich market. Heck, they managed to shove out Quiznos even though Quiznos had higher quality ingredients!

So what happened? Why is the Subway empire crumbling? How can you learn from their mistakes and protect the future of your own empire?

Well, I’ve been studying Subway for years and today I’m going to give you the top three lessons I’ve learned from my research.

Lesson 1: You Must Evolve

Take a look at the fast food landscape right now. Even if you narrow it down to just sandwich shops, Subway is losing ground to more innovative brands like Which Wich that offer better ingredients, even more customization, and a more modern look and feel.

And if you zoom out to the fast food giants like McDonald’s and Taco Bell, they are working on creating a look unlike anything we’ve seen in fast food before. They look more and more like modernized lounges where someone could actually sit and hang out.

The market wants to see change. Overtime, anything that stays the same literally becomes invisible. Your eyes scan right over it and look for the thing that’s new and different.

In the middle of all of this, Subway has barely updated their visuals, and they’re still clinging to their $5 Footlong. They haven’t done anything to surprise us, which is why they’re losing our business.

Lesson 2: Scandal Won’t Kill You

The situation with Jared Fogle is a perfect case study in how business leaders should handle a public scandal. Ironically, this is one of the biggest things Subway got right.

As soon as Jared Fogle’s crimes came to light, Subway immediately denounced him and cut all ties with him. Because of that, the public understood that they couldn’t hold Subway accountable for what Jared did behind closed doors.

So really, the Jared Fogle situation didn’t do much to change Subway’s long-term trajectory.

But…

Lesson 3: Lack of Leadership WILL Kill You

Think about this for a moment: there are thousands of people who work at Subway, everyone from the sandwich makers to the CEO. What are the odds that none of those people have ever had an idea that could save the business?

Almost impossible, right? People are natural problem-solving machines. All those people must be noticing process improvements and product improvements left and right that could potentially turn things around.

So why aren’t those ideas being implemented? I can almost guarantee you that it’s a lack of leadership.

When a business has leaders who are communicate their vision clearly and lead by example, good ideas win. Team members are eager to share their good ideas and implement them quickly.

With poor leadership, good ideas get lost in the noise. Instead of working together to implement good ideas, the team gets distracted by personal drama and confusing instructions.

Subway is Not the Only One…

Our economy and our culture are going through a massive shift, and the truth is we’ve only witnessed the beginning of that shift. Other empires like Subway are crumbling. Other empires that you might think are un-killable will start to die out over the next five years.

We are moving away from an economy where businesses can get away with suitable products and services delivered in an impersonal way. The empires of tomorrow (maybe yours?) are being built by entrepreneurs who deliver excellent products and services with a personal connection.

Want to learn more lessons like these from the empires crumbling today? Want to build a legacy that will stand the test of time by avoiding their fatal mistakes? Click here to watch the latest episode of the Empire Podcast Show and discover more lessons like these!

How Vince Del Monte Created a Six-Figure Mastermind

Today, I want to share with you a case study of an entrepreneur who found huge success in my Empire Mastermind group. If you’ve ever spent any time in the bodybuilding world, you’ve probably heard of him: Vince Del Monte.

Today, Vince has a six-figure generating mastermind group that is still growing rapidly, and he’s making more money than ever before by working smarter, not harder.

Pay close attention here, because you can apply these principles to your own life and business right now, even if you’re just starting out and you can’t afford the Empire Mastermind yet.

Vince 1.0

When Craig Ballantyne and I first started working with Vince, he wasn’t a bad entrepreneur. He was a smart, hard-working dude who clearly had a lot of potential. He was passionate about bodybuilding and he had a talent for mentoring others in that world.

The only problem was that he kept getting visits from the Idea Fairy. Instead of focusing on the two or three things that really worked in his business, he kept running off to try out new things.

At one point he had some “marketing expert” sell him on a twelve-way split test. Twelve?! How are you supposed to learn anything from that? The whole point of split testing is to try to beat the control and understand exactly what works and what doesn’t. If you have twelve different versions of your ad, it’s just a huge guessing game.

We even asked Vince if this twelve-way split test was making him any more money and he said no. He just thought it sounded impressive.

Now look, one of Vince’s greatest strengths is that he’s an optimist and he’s open to new ideas. That’s not the issue here. If you enjoy experimenting with new ideas, that’s a good thing too.

However, you have to develop the discipline to measure what you implement, see what creates the best results, and then ruthlessly cut out everything else.

How Vince Upgraded

I had a phone call with Vince and we looked all the different projects he had going on or that he was daydreaming about. Then I asked him a very simple question:

“Out of everything you have going on here, what’s the lowest hanging fruit? What will give you the most income and create the biggest impact?”

After going down the list, we discovered that Vince could make the most money and impact by creating his own mastermind group. In fact, I told him he could charge $1,500 a month from 50 guys in muscle building and create a six-figure business very quickly.

By the way, I should mention here that this conversation happened BEFORE Vince had payed me to join the Empire Mastermind. I was already giving him this solid-gold info and strategy and I probably should’ve been charging him already.

Instead, I took it once step further. I wanted to give him “results in advance” so that when he joined the Empire Mastermind it would be his decision, not just mine. So, I told him exactly when and how to pitch his Mastermind at his next live workshop, then I role-played the entire pitch with him there on the phone.

Sure enough, Vince went and closed 80% of the people in the room on his Mastermind and immediately established a massive new income stream.

And by the way, when you use my formula, Mastermind groups produce 80-90% profits for about 9 months out of the year. The only time that dips down slightly is when you host your live workshops and put on a big show.

Can you see the big lesson here? Would you like to hear more about Vince’s success story? Then click here to watch the latest episode of the Empire Podcast Show!

How to Attract Positive People

You are the average of the five people you spend the most time with.

Take it from me. I used to hang around with bozos and clowns. Even though I knew I wanted to own a seven figure business empire, those people were dragging me down and limiting my potential.

Then I decided to man up and surround myself with mentors and people who could level up my game.

When you make that change yourself, your circle will fill up with positive people, like-minded individuals, and people who will challenge you to become a better person and professional.

Work on Yourself

Who you are is who you’ll attract. Therefore your first step is to become the person you’re meant to be.

This is when you have to take a hard look at yourself in the mirror and find out who you are.

If I have lowlife dudes with no passion, no purpose hanging around me, that’s probably because I’m giving off an asshole vibe.

But you’ll be stunned at how much you can grow if you eliminate negative self-talk, if you’re grateful for the positive people already in your life, and if you pay it forward.

 

Know Who and What You Want Around You

Craig gave me this really great exercise that you can try:

Think of a positive person that you’d love to emulate. Better yet, think of the type of people you’d want in your circle.

Now write down the characteristics and values that make that type of person who they are.

Those are the same traits that you want to teach yourself. This will help you be more positive, and the quality of the people in your life will go way up.

Be clear on who you want in your life and don’t settle.

Give Without Expectations

You know what people love more than anything? Free stuff. And the universe has a funny way of rewarding you when you give without expectations.

If you want a mentor to keep you accountable but don’t know how to kick off the conversation, being kind and offering them something free is a great place to start.

This guy, Amar, reached out to me a while ago. He said he could make my social media following explode.

Of course, I have my guard up. What is this guy after?

Nothing. He just wanted to connect with me.

Lo and behold, he handled our Fit Body Boot Camp social media like a pro…

You know what Amar did right? His thought was, “How can I help this person.” Not, “How will this person help me?”

Know Your Worth

“Wait, B, but what if I have nothing to offer people like you?”

My answer? Look harder.

Everyone has something to give. YOU have something to give. And if you can’t think of anything to offer, you can always ask this magic question:

“What can I do for you?”

Even if they don’t need anything from you, they’ll at least appreciate your willingness to serve them. That can open the doors to a relationship and another positive person to add to your circle.

Want More?

Click here to check out this week’s podcast episode that Craig and I recorded together.

The Traps You Want to Avoid

Being an entrepreneur comes with adversity. There’s no way around that.

You will have to bleed for your purpose and your mission at some point. You will have to push beyond what you are comfortable with now to make a bigger impact tomorrow.

But…

There are certain traps that entrepreneurs fall into that cost them loads of money, energy, and time. Craig and I know because, between the two of us, we’ve fallen into almost all of them at some point.

And the crazy thing is, a lot of these traps are 100% avoidable if you pay attention and listen carefully to those of us who have walked the path before.

That’s why this week I want to share with you the traps you want to avoid in your entrepreneurial journey.

Embrace the Suck Factor

Yes, I’m going to repeat myself here.

You are going to have problems in your business. You are going to feel uncomfortable, unprepared, and “not ready.”

You must develop the discipline of charging into those problems as soon as they come up and of putting yourself in situations where you are uncomfortable and forced to create new solutions.

Understand that those problems are there to serve you and make you stronger. If you run away and hide, you are literally neutering your own potential. You’re setting fire to the money in your own wallet and saying “NO” to the people who need your help.

Embrace the suck factor. Marry it, settle down with it, and have two beautiful children with it.

There is No Man on the White Horse

There’s a very important difference between hiring a coach or mentor to guide you vs. hiring a consultant or expert to solve your problems for you.

I used to make that mistake all the time, and I wasted a lot of money on consultants and experts who had great track records, but ultimately didn’t understand my business or my industry.

Even worse, I robbed myself of the opportunity to learn and grow through problem solving.

I call this “waiting for the man on the white horse.” It’s just another form of hiding or running away. It’s when you throw up your hands and expect someone else to clean up the problem for you.

Do seek out help and advice. You need help and advice. Just remember that you are the ultimate decision maker and your destiny is in your own hands—not anyone else’s.

Stay Committed to the Outcome

Understanding your ultimate outcome gives you the power to say “NO” to distractions, bad habits, and good but great opportunities that will try to pull you off the path.

For example, I used to have a huge problem with stress eating. It caused me to put on extra weight, which I then had to hide from the camera and hide when I got up on stage.

I had a turning point when I realized that carrying this extra weight was completely out of line with my vision of being a leader in the fitness industry. That’s why now, when I get stressed out, I just add in extra workouts instead of extra snacks.

Seriously, I’d rather go for two or even three workouts a day and put up with injuries than sacrifice my vision for my fitness franchise.

Don’t be “The Boss”

“The Boss” is the guy who tells everyone exactly what to do, never lets anyone question his authority, and doesn’t show respect for anyone else while demanding that they show respect for him.

The ego loves the idea of being the boss. It’s especially tempting when you feel stressed out or insecure.

But here’s the thing: the market doesn’t give a crap about “The Boss”.  It cares about whoever solves their problems and does it with outstanding service.

To build a business that solves problems and delivers outstanding service, you need a team of fighter jets who all contribute their best ideas and their best effort. That means you need to be the servant leader—the one who leads by example and helps everyone on the team grow to their full potential.

One Last Thing…

Craig taught me a really cool new phrase this week: “exponential learning.” It’s the idea that if you learn from someone who has read 10 books on a subject, you can get 10 books worth of knowledge all at once just by working with that person.

Make sure you take advantage of the exponential learning Craig and I are offering you by watching our podcast here [LINK] and subscribing wherever you get your podcasts!

Ed Mylett – An Inside Look

For this week’s episode, I interviewed legendary entrepreneur Ed Mylett. He’s the creator of #MaxOut and an industry leader in the world of financial services.

But before Ed became an empire builder, he was an injured athlete who lost his dream of becoming a professional baseball player.  And before that, he was “little Eddy who’s shy.”

Listen to the episode (you can watch it here) or keep reading to find out how Ed created such a profound personal transformation.

The whole interview is full of gold nuggets and right here I’ve picked out the five biggest lessons from Ed that you can apply to your life and your business right now.

How Ed Changed His Personal Narrative

“You find yourself in this dark space. It’s like a dark tunnel. And there’s the honest answer: I just ran into the tunnel. I just ran full speed, bleeding, down a path. I got up and I ran somewhere.”

After being raised as a “shy kid” and losing his dream of becoming a professional baseball player, Ed had a personal narrative that was steering him towards failure.

You may not realize this, but if you are currently in a slump in your business or in your life then you most likely have an inner narrative that’s holding you back.

For you the narrative might be “I’m not smart enough” or “I don’t have money to make money” or “I don’t have enough time” or any number of things.

Follow Ed’s example: start running in the direction of success before you feel ready to do it. Do that for long enough and it will reprogram your brain and your body to attract success.

Why Service is the Only Way to Build An Empire

“The connection is it’s the only thing that’s going to sustain itself…Getting money is motivation. Serving people is inspiration.

Being an entrepreneur is not easy. In fact, it’s one of the most demanding, stressful, anxiety-inducing paths you can take.

If you are only in it for the money, you are going to quit. There will come a challenge that is so painful that the money isn’t worth it anymore.

On the other hand, if you are in it for service, and the money is just a byproduct of serving others, then you will have the fuel to push through any challenge or adversity you face.

Why You Should Never “Negotiate the Price”

“Most people are constantly negotiating the price. In other words, they waste so much energy in their mind with ‘Is it worth it? is it not worth it?’ Just negotiate it in advance: ‘There’s not a price I won’t pay’.”

Too many people make their success optional, which means that it’s too easy to give it up in times of adversity.

True leadership and success comes from finding solutions to problems. To be the person who always finds a solution, you have to make the commitment in advance that you will never, ever back out.

The One Thing You Must Do to Survive Weakness, Doubt, or Pain

“Most people make decisions to quit their business in moments of weakness and pain and emotion and not with the ultimate version of them in mind. If you’ll always be thinking about the end of your life, not the current conditions you’re in, you’ll always make the right decision.”

Amen!

Why “Management” is an Illusion

“You know as well as I do: explosive growth in a business is messy. You’re going to have to embrace some mess, some disorganization, some imbalance of some type.”

This is especially important if you’ve already had some success in your business. Your job as a visionary leader is to push your business and your team to become something better than they were yesterday.

That’s not the same thing as management. Management is all about maintaining what’s working already. You need to be the visionary. You need to be creative and courageous.

And if you want to hear more of Ed’s powerful story and advice, click here to listen to our “Inside Look” episode.

Committed to your success,

Bedros

Fan Question: Advice to My Younger Self

Today, I’m going to give you the advice I wish I could’ve gotten earlier in life. These are the hard-won lessons I’ve learned over 43 years of life and business. I’ve eaten out of dumpsters, I’ve been homeless, and I’ve had near-fatal anxiety attacks when I thought my business was about to collapse.

You don’t need to go through those hardships to learn these lessons. In fact, I’m sharing this with you today in the hopes that you can skip past the suffering and heartache and go straight to success, wealth, and fulfillment.

This advice will work at any point in your life, so keep reading even if you’re past age 25.

Age 14: Pick One Thing, Go All In

To become successful in anything, absolutely anything, takes about 6 to 10 years of experience. If you want to become a successful entrepreneur, you need to spend the next decade creating and selling products.

If you want to become a successful athlete, you need to spend the next decade practicing and hitting the gym. If you want to become a successful artist, you need to spend the next decade creating your art and putting it in front of people.

And I’m giving you permission right now to pick that one thing and ONLY care about that one thing. Be focused, be relentless, and don’t let the fake entrepreneurs on Instagram distract with promises of “overnight success.”

On the flip side, don’t let the average or mediocre people tell you that you’re “too intense” or that you’re wasting your time on this thing. Stay focused, do the work, and the rewards will come.

Age 20: Learn to Sell

Whatever you are most passionate about, the key to success is to learn how to sell it. When I was at age 20, I was a personal trainer because I was passionate about fitness.

All I cared about back then was where all the muscles insert and originate, the posterior chain, all this knowledge about the human body that trainers need to deliver a good workout.

Now don’t get me wrong: you do need to learn the fundamentals of your craft. You have to know what you’re selling before you can sell it. What I’m saying is: don’t stop there.

Whatever your passion is, learn what motivates people to spend money on it. Learn the difference between a feature and a benefit. Figure out the emotional reasons that trigger people in your market to buy—not the logical reasons they talk about after the fact.

For example, I eventually learned that most personal training clients don’t give a crap about human anatomy. They care about getting their confidence back and looking good in the mirror. So that’s what I learned to sell them.

Age 25: Stick to it

At age 25, I was homeless for three months in San Diego because I didn’t stick to it. I had been working as a personal trainer and struggling to make money. What I should’ve done was learn how to sell my training better and make more money (like I just said here!)

Instead, I pivoted to trying to sell supplements online because I thought that would be easier. Turns out, I was way too early to the Internet (Google wasn’t a thing yet) so I ended up wasting time and money and putting myself in an even worse situation.

The path to success is not a straight line. You will face hardships and disappointments. You will the limits of your current skill set. No matter what happens, remember this:

You have the power to improve your skills, change your habits, and upgrade your thinking at any point in your life. When you run into a new challenge, you always have to power to find or invent a new solution for it.

Stick to it, because that’s the only way to become the best in your industry. Those challenges are there to weed out the people who are weaker and less committed than you are.

And if you want to hear more advice for my younger self (and Craig Ballantyne’s advice to his younger self) click here to listen to our podcast.

How to Build Your Business With Recurring Revenue

If you’re waking up without guaranteed revenue of recurring income, you run the risk of losing your business.

Recurring income sets you up for security and cushion. It sets up the foundation to invest some of that income into building your empire greater and greater.

Why Having Predictable Revenue Will Allow You to Sell Your Business Later On

When I first started as a personal trainer, I was selling 3, 5, 10 session blocks a month.

And I had, say, 15 clients each month.

When those sessions ran out, I would have to put the sales hat back on and sell them another block of sessions.

Sometimes they would say yes, other times they would say no. Or they would say “I need to think about it.”

And if someone tells you they need to think about it, they ain’t coming back.

My mentor and former personal training client, Jim Franco, asked me one day “I wonder if you could build a business similar to the gym. The gym takes money every month to give them access to the equipment.”

Jim didn’t know how to workout. To him, all this gym equipment meant nothing. That’s why he was coming to me to train him.

So Jim tells me “I wonder if you could sell me on a program on an ongoing basis. That would keep you from having that awkward conversation every time you have to sell more sessions.”

Later, I went on to open 5 personal training gyms throughout San Diego – all based on 12 month contracts.

The reason I was able to sell all of my gyms was because I had those clients on recurring, predictable revenue. Which showed the buyer income was coming in every month.

When you have recurring income and a membership base, a buyer looks at that as predictability.

If there’s no recurring income, and they buy your business from you, it’s not guaranteed that they’ll have customers tomorrow.

When a buyer comes in, and sees you have 5,000 clients paying $69 a month, they think, “great”! Because that buyer has another 100,000 people they can expose this to.

Because you already have a recurring model that works, the buyer doesn’t have to split test it. They can plug their audience into your business model and triple the membership base.

Use Recurring Income as Insurance

Recurring income allows you to follow daring ideas with income to back you up.

When Craig was in the fitness industry, he built a product that sold 100,000 copies.

Of those people who bought copies, they all joined the recurring revenue part of the business to get even more value.

When Craig retired from the fitness industry, he built a brand new business from scratch.

He didn’t have to go into debt because he had income to fuel this new business from the systems he built in the previous business.

How to Break Down Your Business to Incorporate Recurring Revenue

There is no limit to recurring revenue.

Whether it’s the wine of the month, a mastermind, or a software, when it’s time to sell your business the determining factor is the valuation.

Let’s say you have an online information program, and you sell your product for $99 as a one time fee (like my Close Clients program).

At any given time, you could take that product and turn it into a $29 a month program where you give all the information up front.

Then, for an additional $29 a month, you can put people into a private Facebook group where you do live videos and share even more value.

Take the product or service you have, and break it down into modules that you can serve on a weekly or monthly basis to justify recurring payment.

Recurring Revenue Options Exist in Every Industry

For anyone thinking they’re not sure if their product could be recurring, think of it this way: some things are almost a forced continuity.

If you’re a guy, and you shave, the razors you buy from these companies are designed to wear down so you can buy more.

Recurring revenue can either be forced on people based on consumption, or by way of giving them the option for convenience.

When you build your business with recurring income, you’re literally multiplying the valuation of your business if you ever plan on selling it, while also giving yourself insurance and reliability.

Which, by the way, you should be building your empire up to be sold one day.

To hear Craig and I cover all of this and more, check out our podcast here.

How to Make a Huge Profit from Live Events

Today, I’m going to tell you how you can build your empire faster and create deeper, meaningful connections with your ravings fans by doing live events.

Live events are a game changing opportunity in your business because they allow you to make a huge profit while delivering more value to your audience.

When I put on my first Fitness Business Summit, I only had about 100 people in a small conference room.

There was no stage, so the people in the back couldn’t even see me. Today, we have over 1,000 people fly out and we put on an entertaining, educational show.

If you’re willing to get off the internet and bring your audience to a live event, you’ll create a deeper and more meaningful connection with your clients and prospects.

Those prospects and clients quickly ascend the ladder of purchasing more at a higher price more frequently.

You get more money, and they get bigger, better outcomes in life.

Treat Your Event Like a Show

The best way to put on your event is to give great information that your audience can take action on and make more money while providing entertained.

One year we had Polynesian fire dancers on stage, another year we had a money tank where people would try to catch as many $100 bills as they could.

Those are the things that make a seminar more tolerable. You’re essentially holding these people hostage for two or three days, you may as well make it fun.

How to Get Your Seminar Off the Ground

People ask me, “If I’m doing a seminar, what should I expect to make financially?”

Odds are, the cost of tickets and sponsors will allow you to break even.

But you have to have something you can sell form the stage that will make you more money then and in the long run.

You have to have sponsors who will help offset the cost of the event. And when you’re selling tickets, don’t overlook upsells.

So many of us have information products that have upsell funnel in place, but no one has different tiers of offers for an event.

For example, this is how we upsell tickets for FBS. First we sell the ticket, then the second upsell is to come to a meet and greet with myself and the presenters the day before. The third upsell is a bonus day for private coaching in a group environment.

If they don’t want the upsells, that’s fine. They’ll just click “no” and buy their ticket.

But at least give your audience the opportunity to give you more money in exchange for more opportunity.

How to Use Sponsors to Cover Costs While Adding Value to Their Businesses

Sponsors allow you to add all the bells and whistles to your event and more.

At FBS, we have Platinum Sponsors, Gold Sponsors, and Silver Sponsors. And each tier has its own benefits.

Platinum sponsors pay $30,000 and set up their booth in the ballroom and expo hall. Gold sponsors get preferred vending areas in our sponsor hall. Silver sponsors are a little more on the outskirts.

We’ve even created little passports that our audience uses to collect stamps from each sponsor’s booth. At the end of the event, our guests can turn them in for the chance to win a Macbook Air.

This ensures that our sponsors will be exposed to our guests, and gain some potential customers.

Once you’ve sold your sponsors, you want to keep them coming back every year so that you don’t have to keep finding new ones.

Start thinking “I sold my sponsors, so how do I get them back next year and add more value to their lives this year?”

There’s so many ways you can get creative and help sponsors out, therefore having them pay your more.

How to Work Up to Your Big Pitch Without Losing Your Audience

First things first, never pitch on day one.

It’s all about you and your speakers, coming with a giving hand and delivering value to your audience.

Right before lunch on day two is when you’re gonna make your offer for your big pitch.

You’re usually gonna have two pitches – one for your high end coaching program, and the other is a down sell like a half day coaching.

When You Should Start Selling Your Event

You want to start planning at least 7 months in advance, and start selling tickets 5 months before your event.

Use this time to build triggers within the selling process. For example, you can say “When you buy your tickets by X date, you get 50% off plus VIP upgrade.”

And when that date passes, you can say “Buy your ticket by X date and you’ll get 30% off and last year’s video footage for free.”

That way, you’re setting up milestones and creating buying frenzies. They’ll buy incrementally, and your seats will fill up well before the launch.

If you’re ready to take your fitness business to the next level, maximize your profit, make a bigger impact, and dominate the fitness industry, come to FBS March 16-18.

You’ll hear from the top pros in the industry, including Randall Pich, Lori Harder, Lewis Howes, Andy Frisella, and more.

Listen to the full podcast here.

How to Take Your Empire From 2X to 10X

The immigrant edge mentality isn’t only gifted to people who come from a third world country.

It’s about being resilient, getting resourceful, and having a “never quit” attitude.

I see it as my job to teach you the immigrant edge mentality, and help you reach 10x levels instead of 2x levels.

How I Realized I Needed to 10x My Thinking

Years ago, I was working as a one-on-one personal trainer in a big box gym.

I thought that if I could own just one gym, I’d be set. I’d make a quarter million of a year, and that’s fine and dandy.

Then I opened 5 gyms, and I thought “Okay, now I’m set. I’m making 7 figures a year.”

When you put things in perspective, making just over a million a year isn’t much once you factor in taxes and employee paychecks.

So I went into coaching and consulting, and I started making 3, 4 million.

Around 2008, when the economy went down the toilet, I realized I wasn’t prepared for an economic crash.

I saw friends and family around me losing their homes, and I couldn’t help them. I only had enough money to help myself.

That’s when I decided if I want to help people the way I say I do, I have to 10X, 50X, 100X. And Fit Body Boot Camp was born from this idea.

This idea to build an international franchise that serves tens of millions of people with their fitness goals. And, it allows me to make 20, 30, 100 million dollars a year to really do the service I want.

You Have to Think Bigger

If you’re happy making half a million, a million a year then guess what? You’re not thinking like an empire builder.

Stop thinking with today’s mindset, and start thinking about tomorrow’s mindset.

Tomorrow being 5, 10, 15, 20 years from now.

Is there another economic crash? Is there gonna be a shift in your industry? Are your parents getting older and need medical assistance? Are you sending your kids to college?

Start thinking about your future circumstances, even though most people don’t want to think about the shit that’s gonna happen.

But you have to think bigger than your lifestyle today so that you can provide during those hard times, while making a bigger impact.

Cut Out the Mundane and Focus on Your 5%

Get rid of those little things you can outsource and pay someone  $20 an hour or less to do.

You don’t have to pick up your dry cleaning. You don’t have to go grocery shopping. You can pay someone to do that shit for you.

A lot of young entrepreneurs out there reading this may be thinking “I can’t get a chauffeur yet, I can’t have someone do my shopping yet. I can’t afford it.”

What you can do right now is start taking inventory. Because your income will keep going up, and you’ll reach a new level.

Every time your income goes up, figure out how you can escape the trivial stuff so you can focus on the big things that move the needle.

Lead Larger

When we go and become entrepreneurs with the LLC or CEO title, we get really excited. We think that automatically makes us the leader.

Let me tell you right now, being the CEO doesn’t make you a leader yet.

You’re just a boss at this point.

What makes you a leader is how you empower your team members, and eliminate the employees.

Employees clock in a little late, clock out a little early, and do the bare minimum to keep their job.

Team members share your vision, they’re on board with your mission, and they have a common goal to win.

An effective leader has to be very clear on their vision, and the path to get there.

You have to be decisive, and communicate clearly, openly, and honestly.

As a leader, your job is to put people on the right path and in an environment where they will flourish.

If you don’t trust your team members it’s because you haven’t empowered them.

Rebound Higher and Have “Bounce Back-Ability”

10Xers rebound higher.

We all stumble and fall, but empire builders hit the ground and bounce back up like rubber.

You have to develop what I call “bounce back-ability”. You’re going to deal with challenges, set backs, and pit falls in your business.

Imagine yourself as rubber, and every time you hit the floor, you bounce back even higher.

If you can do that, you’ll thrive and flourish faster than your competition.

Inspire Greater, Give Back, and Pay it Forward

When you do good things for others, call it law of attraction or Karma or whatever, you get good things back.

The more you give, and the more gratitude you show, the more love you get back. And people will want to help you when you need it.

If you think you want to be coached by myself and Craig and be part of a group of amazing entrepreneurs like Steve Weatherford and Jason Philips, click here and apply.

We’ll get on the phone and see if it’s a right fit for you. We’ll coach you on how to 10x your empire from 1 million a year to 20 million over the next 3-5 years.

If you want to hear Craig and I cover all of this and more, watch our podcast here.

The Greatest Lessons From Our Fathers

We learn a lot from our fathers, both things we should do and things we shouldn’t do.

In the end, every lesson serves a purpose.

Craig’s father was a farmer on a beef cattle ranch, so Craig learned a lot about hard work and the importance of planning.

My father brought us here from a third world country, and he instilled the immigrant edge mindset in me from an early age.

My Father Taught Me “Work is Holy”

My dad had to work multiple jobs because we were so broke. After four years, he was able to scrounge up enough money to open a small tailor shop.

I would see him fall asleep at his desk after working 13, 14 hours a day.

There was one time I asked him if we could close the shop early one Saturday to go to Sizzler.

(Where else could you get a four dollar steak? Even if it was like eating a hockey puck).

He looked at me and said “Son, work is holy. We’re never going to cut it short.”

A lot of us complain about work, but at the end of the day, if we didn’t have a job, we wouldn’t have a purpose.

It’s a privilege to do what I do. To serve thousands of people every day, and I’m so grateful I have the opportunity to do what I love.

How Life on the Farm Bleeds into Craig’s Business

Craig realized early on that work has to get done, no matter how cold or hot it was.

His dad would come home with cracked hands from the cold in the winter, and his farmer’s tan was so dark he practically looked Jamaican.

He even fed the cattle before he fed himself. He went out and did the work and planning everyday, no excuses.

That’s one of the biggest, most beneficial things Craig learned from his dad – you have to plan ahead.

He had to think about planting season and harvesting season and making sure the crops are planted on a certain date or they won’t grow.

Craig learned that not only does he need to plan tomorrow morning tonight in order to be successful, but he needs to be looking ahead to have a great harvest in his business.

You Have to Be a Little Crazy to Become Successful

My dad has a fourth grade education level, but his best lessons were learned trying to talk his way out of a problem or trouble.

Otherwise, we could have potentially been shipped to Siberia when word got out we were planning to escape to the US.

He had to lie and convince people that it was just rumors.  Of course, the rumors were true, a week later we were in Italy escaping to America.

My dad was a little bit crazy.

When we first came here, we were staying with a friend of a friend in his spare bedroom in a two bedroom apartment. All five of us in one room.

My dad and brother began work on a paper route, two days later they were pumping gas at a gas station, then a week later one is washing dishes at a pizzeria and the other is mowing lawns.

Despite the multiple jobs and still barely having enough to put food on the table, my dad would always say he was going to buy a house and multiple properties one day.

I thought he was nuts.

Sure enough, he did exactly what he said. And now, he doesn’t need any financial help.

Of course I still help him because that’s my purpose, but he has thousands of dollars stored away in Folger’s Coffee cans and buried in his backyard.

Now I look back and I think, I own this massive franchise and so much property in Chino Hills. I invested in rental homes and commercial buildings.

The very thing I thought he was crazy for doing, I did myself.

His crazy got passed down to me. I’m crazy enough to not have gone to college to learn how to run a franchise.

I barely made it out of high school.

But now, I own an international franchise and multiple properties.

All because I was a little crazy.

Behaviors are Caught, Not Taught

These lessons we’ve learned from our fathers weren’t taught in a sit down class.

We learned by watching them  in action.

If you want your kids to be entrepreneurs or do well in school or become big thinkers, you have to lead from the front.

I’m not saying my father was picture perfect and there for every moment of my life. But when you look back at the lessons you’ve learned and the character you’ve built, it was because of their hard work.

They taught us what to do, but they also taught us what not to do.

Now, I spend more time with my kids because I have the opportunity to.

When we came to this country, we were broke, didn’t speak the language, or understand the culture.

I never threw  a ball around with my dad. I never created memories like fishing or hiking with my dad.

The things you may look at as pain or loses in your life, consider reliving them in your second life as a mother or father with your own children.

I can either be resentful of what I didn’t have, or I can be grateful for what he did give me.

And the things I didn’t get, I’ll use as lessons to apply to my relationship with my kids.

To hear Craig and I cover all of this and more, watch our Empire Podcast here.