Hello Listeners,
Welcome to the latest edition of The Virtual Ventures Podcast newsletter. Our latest episode features Mack, who shares insights on building profitable businesses and trading. Here are some key takeaways from the episode:
- Startups do not need to be tech-related with cool features to be successful. Bootstrap businesses like landscaping services have tremendous profit potential and can benefit from bringing a younger entrepreneurial mindset and technology to traditional businesses.
- Having a mentor is crucial to success, but one must be intentional about picking mentors. Do not choose a mentor based on their big following or name alone; pick someone who can provide valuable knowledge, even if they are unexpected sources like friends' parents.
- Patience, analysis, and careful consideration of numbers are important when investing. The guest on the podcast had success in finding a great mentor in business and investing.
- Trading involves psychology and knowing when to take money and losses. Success in the market is more than just analyzing math and X's and O's.
Mack shares stories of how their father's side hustle of reselling items while running a landscaping company inspired them to start their own landscaping company with a business partner. They also made successful investments in real estate with low-interest rates, analyzing market rents, and being patient. Mack also talks about their interest in trading and the importance of learning from mentors and self-learning through different sources.
At The Virtual Ventures Podcast, we aim to empower our listeners with valuable insights and stories. We hope you enjoyed this episode and took away some valuable lessons from it.
Stay tuned for our next episode, and in the meantime, connect with us on social media to stay updated.
Best regards,
Andres Sanchez
The Virtual Ventures Podcast Team
Topic 1: Startups do not need to be strictly tech-related
- Bootstrap businesses like landscaping services have profitable potential
- Infusing traditional businesses with technology and a younger entrepreneurial mindset can lead to explosive growth
- The speaker shares their interest in trading and real estate
- The guest is asked about their experience in identifying properties and finding renters
Topic 2: The importance of mentorship
- Advocacy for mentorship
- being intentional about picking mentors
- Importance of valuing time when choosing mentors
- The success of the guest through finding a great mentor
Topic 3: The speaker's experience with their landscaping business and investments
- Starting with grass-cutting as a side gig and expanding with the help of a business partner
- Success investing in multifamily properties in New Jersey
- Importance of analyzing numbers and being patient when investing
Topic 4: Key Takeaways
- Mentors can teach valuable skills beyond just analyzing numbers
- Speaker became more interested in the stock market after receiving a mentor's advice
- The guest is involved in multiple businesses and interests
Topic 5: Speaker's experience with trading and self-learning
- Dabbling in the stock market and learning through YouTube, podcasts, and audiobooks
- Interest in crypto due to background in technology and economics
Topic 6: Speaker's experience with their landscaping business
- balancing it with a full-time job in tech sales
Topic 7: The importance of psychology in trading
- Knowing when to take money and when to take a loss
- The speaker's entry into trading during COVID and previous investment venture into Bitcoin
Speaker Bio: Mack is a successful businessman who was mentored by an old Wall Street banker. With this mentor, he learned the skills necessary to succeed in the field of business. Mack began dabbling in the stock market and started making money by taking his mentor's advice on which companies to invest in. As he saw his investments grow, he became more curious and interested in the stock market. Today, he is a savvy investor who uses his skills and knowledge to make smart investments and grow his wealth.
