My Story:
At 15, began finance programme at the London School of Economics.
At 16, interned at Rothschild&co in their restructuring team.
At 17, interned at JPMorgan in their markets team.
At 18, interned at real estate investment manager.
You should offer services to clients that will generate or save $100,000+.
Charge 10–30% of that value.
You will earn more than most business owners for the same input.
Provide a modern solution to a traditional industry and you will make money.
Examples:
- Send 30k cold emails monthly for telecoms businesses
- Run ads within LLMs for middle market companies
These markets are new to these offers so you can charge extremely high prices.
You get wealthy by “stacking” an old thing on a new thing. Uber stacked an old thing, taxis, on a new thing, mobile apps. Now it’s worth $180 billion. Combine your new idea with something old.
Used to do this.
Worked for me as a beginner with no case studies and I still recommend it.
Attracts a lot of tire kickers though.
Now I prefer a direct ask for a call.
$150K/year = 2 consulting deals at $75K each.
Your typical GTM or cold email offer won’t work for this.
Pick a niche and company department.
Learn to make their life easier or better.
Aim to deliver at least 5x your fee (e.g. $375K value)
Great advice for someone who loves their career.
Most people don’t like their job.
They should focus on doing the bare minimum at work and starting a business on the side.
Get rich fast. Enjoy your youth.
$2M at 25 years old is more valuable than $20M at 60.
You have 35 years of opportunities to invest in and be comfortable living off that amount.
Time > Money.
I recommend charging classic engagement fees to start.
Cash flow is everything in the beginning.
Middle market companies expect this fee structure and you want to signal that you’re legit.
You should only follow your passion in two circumstances:
- you’ve made enough money
- you’re dead broke
Do what you’re good at if none of these options apply
Jerry Seinfeld on why chasing your "passion" is embarrassing, and what to do instead:
Seinfeld pushes back against the popular advice to find your one great passion in life.
In his view, it's not just unnecessary, it's a little ridiculous.
"Let go of this idea that you have to find this one great thing that is my passion. My great passion with your shirt torn open and your heaving pec muscles. It's embarrassing."
Instead of chasing something dramatic, he offers a quieter alternative:
"Find fascination. Fascination is way better than passion. It's not so sweaty."
He explains why the heavy-breathing version of passion is actually counterproductive:
"Just be willing to do your work as hard as you can with the ability you have. We don't need the heavy breathing and the outstretched arm from your passion. It makes co-workers uncomfortable in the cubicle next to you."
Then Seinfeld offers what he calls his three real keys to life, no jokes:
"Number one, bust your ass. Number two, pay attention. Number three, fall in love."
@JerrySeinfeld elaborates on the first one:
"You obviously already know whatever you're doing, I don't care if it's your job, your hobby, a relationship, getting a reservation at M Sushi, make an effort. Just pure stupid… effort."
And here's the part worth sitting with:
"Effort always yields a positive value even if the outcome of the effort is absolute failure of the desired result. This is a rule of life. Just swing the bat and pray is not a bad approach to a lot of things."
@closedbydanny You can submit unaudited statements if your business does under £15M in revenue and has under 50 employees.
Companies house records don’t really prove much.
Side Hustle King Chris Koerner explains the best way to start an online business is to study other successful stores and implement their strategies…
“I would go to Alibaba and try to source something that looks very similar. Then I would go to the Meta ads library where Facebook will show you exactly what ads are running on their platform and I would try to find their ads. And how are they performing?”
@eptwts Same goes for “AI agencies” for the most part.
I’ve found that the best use case for AI in my business is service delivery.
I have less incentive to hire and more gross margin.
100%.
There is no excuse you can make after 25.
You graduated 4 years ago, left high school 7 years ago and probably got your first pay check 9 years ago.
Huge caveat…
Don’t compare your success to someone else’s.
Fastest way to downward spiral.
Nowhere to hide when you’re an adult.
You’re either putting up results or you aren’t.
Being an adult is the funnest chapter yet.
If you did it right, you should have 100s of friends, enough $ to not worry about money, and always doing cool things having the time of your life
You never hear someone who’s ripped, handsome, successful, & charismatic complaining about being an adult
Life is what you make it
Even lower.
You should all aim to reach $5M invested.
That should generate $200k in yearly income after Capital Gains Tax.
For savvy people, you can take out 30-50% of that $5M in SBLOCs.
Then you can invest that money into real estate or other ventures.
$10 million is a great net worth target for most business owners. Big enough that you can basically do anything you want except own a jet. Small enough people don’t really want to sue you.
This applies to AI.
Don’t blindly trust what ChatGPT or Claude outputs.
Each chat should be framed to be brutally honest and consider all perspectives.
This advice is great for most people.
Making that first $100,000 is the hardest financial step.
Then you can start a side business while working a high paying job.