Heyo,

Been thinking about a concept that has radically changed my life, yet I don't follow it 100% of the time still.

It's about who you surround yourself with. We've all heard that you are the average of the 5 people you spend the most time with. It's been said a billion times.

This applies to everything though IMO. You are as positive as those 5 averaged out.

Your net worth is the average of the net worth of the 5 people you spend the most time with.

Your health is the average...

Your mental health is the average...

Your commitment and courage is the average...

Don't be the crab in the bucket that drags others down. And identify who the crab is in your bucket pulling you down.

The friend who keeps complaining about the same things over and over again becomes the energy drain of your friend group. Do you have the same problems week after week, month after month? Do you have the same goals from 3 years ago?

Have you not taken that baller vacation to Thailand or started that side hustle or gotten serious about your search?

Motivation doesn't work. It fades BUT sounding yourself with people in an environment that builds you and pushes/pulls you to your 10x goals makes everything 10x easier.

Sophie Howard has bought 29 online businesses of all sizes. She is great at buying adjacent businesses to existing ones she already owns. Sophie is also incredibly observant which allowed her to seize opportunities others missed.

We dive into…

• Using VAs to Scale

• Adding an Email Newsletter Business to a publishing business

• Why she focuses on business WITHOUT Social Media or Paid Ads

Did anyone buy that 420-acre farm in Hawaii?

I can't stop thinking about it. Neither can my wife. If I bought that farm, you'd never hear from me again btw. You could come eat mangos and run mountain trails with my long flowing, sun-bleached hair though. Alright...

1. Absentee Owned - $13 million in Hard Assets Included (SLC)

Asking: $17 M

Revenue: $6.9 M

EBITDA: $2.2 M

30 employees, large contracts, owner lives out of the country for 6 months out of the year.

This is the problem with this deal. If the assets are worth $13M but only kickoff $2M a year in EBITDA, then it's not worth $17M. It's impossible to finance this business.

I'm highlighting this business to show that value of the assets is less important than the cash generated from those assets. If I have 200 trucks, and those trucks are worth "$17M" but only kick off $2M EBITDA, then I'm better selling the trucks than the business. Weird listing.

Click Here To View The Listing »

2. Commercial Houston/Austin HVAC, Ice Machine & Refrigeration Company (Houston)

Asking: $1.35 M

Revenue: $1 M

EBITDA: $350k

Listing by owner. Rounded numbers so the books are abysmal. 12 employees. Not big enough to really have a manager but not far off either. Not sure how it has 20 trucks and only does $1M in revenue. I don't think those numbers are right.

"Own an air conditioning company in the air conditioning capital of the world and with global warming it just gets better..." haha

What I love...they specialize in restaurants and convenience stores.

Click Here To View The Listing »

3. Gym / Facebook agency -- $723K Adj Profit Part-Time - Owner Financing

I'm putting in this deal as I think many people could build this same business in 2-3 years. That's it.

It’s an agency with 120 active clients in the fitness industry.

Click Here To View The Listing