In this segment, which is targeted toward newer sellers, Jim discusses the different business model approaches of “high, high, low” vs. “low, low, high” and how that ties into the Replens model
Jim explains how once newer sellers are up and running, then funding for the business becomes something to look at. He talks about “gambling vs investing” from a Biblical standpoint and what makes them different from each other!
Jim warns sellers about being confident in your ability to turn $5 bills into $10 bills before securing more outside funding!
Jim mentions a favorite quote by Jim Rohn - “Set out to be a millionaire, not so you can have a million dollars, but so that you can become the kind of person who is capable of having a million dollars” as well as a favorite Dave Ramsey story - The Tortoise and the Hare!
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Show note LINKS:
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