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INDEX

The page numbers in this index refer to the printed version of this book. The link provided will take you to the beginning of that print page. You may need to scroll forward from that location to find the corresponding reference on your e-reader.

Entries in italics indicate photos, illustrations, figures, or charts.

ActiveCampaign, 234

Acuity, 48–49, 49, 88

add-ons, 62, 65

advertising, 32, 66–67, 75. See also influencers

affiliate program, 177–78

Ahrefs, 214, 214

AIDS foundation, 53

Airbnb, 7, 28, 63, 94–96, 96

for influencers, 112, 113–15, 115–16

air travel, 102–3, 104, 105, 106

Amazon, 47, 69, 103, 231–32

App Annie, 215, 215

Aristotle, 101

ARPU. See average revenue per user

assets, 1, 7, 11, 67–68

audience, 10–11

authors, 224

average people, 1–2, 82, 120, 151–52, 189

average revenue per user (ARPU), 59

B2B, 58–59, 59, 61, 200

Babbler, 208, 209, 209

Bali, 108, 108–10, 110

balloon, 134

Balmain biker jacket, 116, 116–17, 117

Baruch, Bernard, 238

baseball analogy, 22

batching time, 23, 23–24, 42, 42, 87–88

BestSelf.co, 233

big email lists, 194–95, 195. See also influencers

Bitcoin, 247

Bizness Apps, 198–99

Blair, Ian, 198–99, 199

blind spots, 38–40

Bloomberg, Michael, 57

boards, 166, 166, 244

Book in a Box, 69–70

bookkeeping services, 46

Brooks, John, 54–55

Brunson, Russell, 233

Buddy Media, 213

BuildFire, 198–99, 199

BuiltWith.com, 207–8, 208

bundling, 227–28

Business Adventures (Brooks), 54–55

Business Insider, 56

business selling

competition and, 239, 241–42

emotions and, 239–40

market timing and, 242–44, 243

proposals for, 239, 245–46

reasons for, 238, 244–45

responsibilities and, 240, 240

buying businesses, 111–12

acquisition in, 168

advantages in, 159–60

affiliate program after, 177–78

boards in, 166, 166

closing in, 167, 167, 168

customer base related to, 227

double-pricing and, 174–75

by email, 152–56, 153, 156

emotions in, 172

food truck, 187–88, 188

infrastructures and, 152

investment versus, 183

leads after, 177

liabilities in, 165–66

misconceptions about, 151–52

with no money, no lawyers, 153–58, 156

payment pop-up and, 176–77

payment terms in, 173–74

places for, 161–64, 162, 163

prospecting for, 180–81, 181–82

questions in, 170–73

raising prices after, 175

reinvestment in, 169–70

retention after, 175–76

returns after, 178, 178–79, 179, 180–82

revenue streams and, 160–61, 172–73, 183

sellers in, 171–72

simplicity in, 159

size in, 171

starting versus, 182–83

start-up costs for, 157

tech companies, 170

Carnegie, Andrew, 121

cars, 96–97, 101

Rolls-Royce, 118, 118–19, 119

CEOs, 3–4, 165

on The Top Entrepreneurs, 48–50, 49, 50, 57–59, 85

changes, 158

choices, 4–5, 7, 158

Chrome extension, 153–54

Chrome Web Store, 161–62, 164

churn, 180, 180

revenue growth and, 230, 231

Clark, Frank A., 1

clawback funds, 173–74

cleaning, 95–96

ClickFunnels, 233

Clinton, Hillary, 73

clothing, 53–54, 97, 97–98

for influencers, 116, 116–18, 117

coding, 170

coffee shop test, 37–39

collateral, 146–47

colleges, 1, 3, 5, 126

college side project, 18, 18–19, 19

Collins, Jim, 245

competition, 11, 17, 80–83, 121

business selling and, 239, 241–42

consultants, 29–30

Copy Your Competitors, 26, 66–69, 68, 248. See also hot industries

Bizness Apps and, 198–99

database and, 218, 218–19, 219

distribution channels and, 220–25, 221, 223, 224

freelance sites in, 29–30

NDAs and, 197

support forums and, 219–20, 220

Todoist.com, 213–15, 214, 215

with Toptal, 216–20, 217, 218, 219, 220

cost, 43. See also specific topics

sponsorships and, 44, 45–46

CrazyLister, 69

credit cards, 105

crowdfunding sites, 63, 102–3, 200–201

CrunchBase.com, 163–64

cryptocurrencies, 62, 70, 247

customer base, 10, 224, 227

customer interviews, 61

Dashlane, 177

data, 3, 23, 23, 60–61, 129, 171

of venture capital firms, 57–59, 59, 60

database, 218, 218–19, 219

dating apps, 76–77

Datorama, 243

“Decision Systems,” 52–54

details, 46, 84–85

in Quit Setting Goals, 32–33, 37–38

developers, 34, 216–17, 217

digital and software products, 206, 207, 212–13

Babbler, 208, 209, 209

BuiltWith.com, 207–8, 208

Digital Doughnut, 209–10, 210–12

LinkedIn, 209–10

TechCrunch.com, 208, 208–9

digital businesses, 159–60, 169

Digital Doughnut, 209–10, 210–12

digital products, 29–30

hidden money and, 99–100

discipline, 157

discounts, 96, 234–35

distribution channels, 222–23, 223, 225

business selling to, 241

GuavaBox and, 220–21, 221, 224, 224

distribution techniques, 224–25

Don’t Focus on One Thing, 8

batching time in, 23, 23–24

calendar patterns in, 23, 23–24

college side project in, 18, 18–19, 19

luck in, 18, 20

pop-up in, 20, 20

SPOF in, 17–18

test, multiply, grow in, 24–25

three-focus rule in, 21–23

door knocking, 126–27, 129

Dorsey, Jack, 88

double-pricing, 174–75

doubt, 78

DroneDeploy, 66

Dropbox, 27

due diligence, 168–69

eBay, 103

Edison, Thomas, 22–23

ego, 51, 183, 198

80/20 rule, 24

email, 165, 194–95, 195

buying businesses by, 152–56, 153, 156

emotions, 73, 172

business selling and, 239–40

questions and, 222

stories related to, 202

employees, 74, 159, 170, 217. See also freelance sites

entrepreneurs, 4–5, 212, 212. See also specific topics

equity, 200, 217

ethics, 26

Etools, 179, 179–80, 180

Etsy.com, 28–29

expenses, 47–48, 93–94, 234

experts, 69–71

Facebook, 5, 8, 27, 65, 198

entrepreneurs on, 212, 212

Heyo and, 33–34, 34, 220–24, 230

unconventional investing and, 187–88, 188

Zuckerberg and, 242

Facebook Markup Language (FBML), 34

failure, 8, 18, 77–78, 82, 156

FBML. See Facebook Markup Language

fear, 73

for health, 76

for life, 75–76

of failure, 77–78

of loneliness, 76–77

of losing freedom, 76

of missing out, 74–75

of unknown, 75

feedback loops, 40–41

Ferriss, Tim, 2, 55, 76

final offers, 81

Fiverr, 52

FlightFox.com, 105, 106

food business, 68, 68–69

food truck business, 187–88, 188, 248

dividends from, 193–94, 194

Ford, Henry, 39

Forever Labs, 75

The 4-Hour Workweek (Ferriss), 2, 55, 76

Fowler, Jim, 216

freedom, 1–2, 76

free information, 60, 60

freelance sites, 47–48, 52, 70–71, 96

in Copy Your Competitors, 29–30

free press, 201–2

fund-raising, 63, 83, 102–3, 200–201

Geffen, David, 31

GetFeedback, 62–63

GetLatka.com, 23, 23, 61, 207. See also Toptal.com

data on, 57–60, 60

revenue stream and, 235–37, 236, 237

goals, 9, 86. See also Quit Setting Goals

golden eggs, 9, 31–32, 40, 48, 82

Google, 196

Google Doc, 164, 165

GuavaBox, 220–21, 221, 224, 224

Haddon, Mark, 226

happiness, 1, 82, 240

hard power, 47

Harnish, Verne, 54

health, fear about, 76

Hearst, William Randolph, 8–9

Hedayati, Babak, 243

Heyo (Lujure), 6, 182–83, 213

business selling of, 244–45

Facebook and, 33–34, 34, 220–24, 230

hidden money, 93, 94–96, 96

from clothing, 97, 97–98

digital products and, 99–100

office space and, 98–99

homeowners association fees (HOA), 138

hostels, 25

hotels, 99, 106

for influencers, 107–10, 108, 110

hot industries, 204–5. See also digital and software products; physical products

reverse engineer in, 213–15, 214, 215

hyperefficient system, 46–48

iContact, 242, 243

income, 194, 244, 244. See also specific topics

passive, 6, 53, 139, 159, 238, 248

from real estate, 122, 123, 124, 125, 125

from sponsorships, 195, 195–96

influencers, 63, 106, 111–12

Airbnb for, 112, 113–15, 115–16

cars for, 118–19, 119

clothing for, 116, 116–18, 117

hotels for, 107–10, 108, 110

infrastructure, 9–10

Infusionsoft, 230

inputs, 40–41, 47, 51

inquiries, 168

Instagram, 107–9, 108, 111, 118, 120

insurance, 73–76, 138, 142, 146

Interact Quiz Builder, 176–77

Intuit App Center, 241

investments, 10, 83, 169–70, 183, 213, 225. See also hot industries; unconventional investing

invite-a-friend model, 26–27

John, Elton, 53

keyword optimization, 215

Kitchen, 46

Kiyosaki, Robert, 7, 93

Kravis, Henry, 247

Latka Money, 188

LBO. See leveraged buyout

letter of Intent (LOI), 168, 239, 240

leveraged buyout (LBO), 247

leveraging, 20, 80–81, 117, 157, 173–74. See also influencers

Levitin, Victor, 69

liabilities, 11, 67–68, 165–66

life, fear about, 75–76

LinkedIn, 209–10

Live Like A King, 101, 120. See also influencers

air travel and, 102–3, 104, 105, 106

loans, 200

LOI. See letter of Intent

Love, John F., 55, 68

luck, 18, 20, 22–23, 189

Lujure. See Heyo

Lyft, 196

Lynch, Peter, 151

Mail2Cloud. See The Top Inbox

makeup, 77

market, 241

market data, 171

market timing, 238, 242–44, 243

Mask, Clate, 230

Mastering the Rockefeller Habits (Harnish), 54

material blindness, 39

material expenses, 48

Max, Tucker, 69–70

McDonald’s, 228

McDonald’s: Behind the Golden Arches (Love), 55, 68

Meadows, Donella, 54

media rates, 107

messaging, 74

MLS. See multiple listing service

momentum, 10

monopolies, 159, 161–62

mornings, 86–87

mother, 1, 4–5

motivation, 11

multiple listing service (MLS), 127, 127–28

multiplying, 18, 18–21, 19. See also revenue streams

Munroe, Randall, 55

Musk, Elon, 20–21, 25, 246

NDA. See nondisclosure agreement

negotiation, 73, 134–36, 135

in buying business, 167, 167–68

final offers in, 81

without need, 78, 78–81

options in, 80–81

neighborhoods, 126

networking, 112, 115–16, 119–20

New Rich, 2, 7, 11–13, 53–54

buying businesses by, 151–52

secrets of, 101, 248–49

system of, 40–41

New Rich Arsenal, 81

dream in decades and, 82–83, 86

fear in, 73–78

live in days, 85–88

negotiation in, 73

persuasion in, 72–73

think in years and, 83–84, 84, 86

time in, 87–89

unfair advantage in, 72

work in weeks and, 84–85, 88

new rules, 7–10

new secrets, 10–11

news headlines, 62

newspaper publishing, 8–9

Nicolette Island Inn, 223, 223

nondisclosure agreement (NDA), 197

office space, 98–99

oil industry, 67

1 percent, 11, 247

Onfleet.com, 61

online marketplace, 28

“open cart” technique, 74–75

open-source license, 155, 156

opportunities, 41–42, 42, 81

optimize SEO, 176

Oscars, 53–54

Ostrichpillow Go, 201, 202–3

outputs, 40–41, 47, 51

The Outsiders (Thorndike), 55

outsourcing, 37–38, 44, 46–47

for The Top Entrepreneurs, 42, 42–43, 43

overlap, 20

Pandiyan, Pradeepa, 93

partnerships, 227

passion, 11

passive income, 6, 53, 139, 159, 238, 248

Patreon.com, 29–30, 64, 64–65, 99–100

patterns, 4, 23, 23–24, 27–29. See also Copy Your Competitors

payment reduction, 78–80

PayPal, 246

pay walls, 162, 169, 173

PC Magazine, 17

people expenses, 48

physical products, 29, 200–201, 206, 206

upselling of, 231

Vue Smart Glasses, 201, 202, 202–5, 203, 204, 205

Picasso, Pablo, 26

pictures, 96

PMI. See private mortgage insurance

podcasts, 29–30, 70, 209. See also The Top Entrepreneurs

pop-up, 20, 20, 176–77

press, free, 201–2

Price, Mark, 63, 174–75

private mortgage insurance (PMI), 138, 142, 146

Product Hunt, 205–6, 206

productivity, 73

in New Rich Arsenal, 81–87, 84

products, 228–29, 229. See also digital and software products; physical products

property management fees, 138–39

Pulitzer, Joseph, 8–9

questions

in buying businesses, 170–73

emotions and, 222

on real estate profitability, 143

Quit Setting Goals, 9

blind spots in, 38–40

details in, 32–33, 37–38

first $700 in, 33–34, 34

hyperefficient system in, 46–48

mistake in, 35, 36

nine hours for $29 in, 41–44, 42, 43, 45, 46

outsourcing in, 37–38

replacing yourself in, 50–55, 52–54

scaling in, 33–34

seven-figure podcast system in, 48–50, 49, 50

stacking in, 35, 35

system-building for, 33–36

system in, 31–32

time and, 36–37, 37

Rachleff, Andy, 26–27

Ramey, Dave, 93

real estate, 10, 24–25. See also Airbnb

first purchase in, 121–22, 123, 125, 248

income from, 122, 123, 124, 125, 125

rent payments in, 79–80, 95

time for, 122, 124, 143

real estate profitability

amortization and, 132, 134

balloon and, 134

bank negotiation and, 134–36, 135

bank partnering and, 130–34, 131, 132, 133

best-case scenario in, 141, 142, 143

cash closing and, 132

closing costs and, 131, 131–32, 133, 146

collateral in, 146–47

cost to buy and, 128, 128–29

door knocking and, 126–27, 129

down payments and, 131, 135, 135–38, 137, 146–50

family members and, 136–37

first purchase financing and, 130

hazard insurance and, 138

HOA in, 138

interest rate and, 132, 132, 134, 146–49

locations and, 126–27

MLS and, 127, 127–28, 150

not-so-good deal, 145, 145–49, 149

PMI and, 138, 142, 146

pocket listings and, 128

property management companies and, 136–43, 141, 142, 149, 150

questions on, 143

rent potential and, 129–30, 139–40, 144, 144–46, 148, 149, 150

repairs and, 143, 149

sale price in, 128, 128–29

sales data in, 129

seller loans and, 136

selling and, 129–30

summary on, 150

taxes in, 129, 133, 138, 140–41, 141, 142, 143

utilities and, 145–46, 148

winner and loser in, 144, 144–46, 145

worst-case scenario in, 142, 143

reinvestment, 169–70

rental units, 24–25, 127–28. See also real estate profitability

Rent the Runway, 118

repairs, 143, 149

replacing yourself, 50–51

“Decision Systems” in, 52–54

freelance sites for, 52

response rate, 196

Revcontent, 198

revenue, 61, 169

revenue growth

churn and, 230, 231

discounts and, 234–35

price per customer, 229

with products, 228–29, 229

revenue stream multiplication for, 235

urgency and, 229–30

wallet share for, 232–33

revenue siphoning, 9–10

revenue streams

buying businesses and, 160–61, 172–73, 183

GetLatka.com and, 235–37, 236, 237

multiplication of, 226–28, 235

reviews, 163

Rich Dad Poor Dad (Kiyosaki), 7, 93

risks, 245

Rissell, Matt, 241

Rockefeller, John D., 67, 198

Rolls-Royce, 118, 118–19, 119

sales, 74–75, 128, 128–29. See also business selling

salesforce, 243

Salesforce AppExchange, 62

Sales Hackers, 213

San Francisco, 112, 113–15

savings, 136, 143, 157–58

scaling, 33–34

search engine optimization (SEO), 176

security software, 75

selling, 129–30, 231. See also business selling

Sell Pickaxes to Gold Miners, 9–10. See also data

add-ons in, 62, 65

copy past patterns in, 66–69, 68

counterintuitive approach of, 56–57

crowdfunding sites in, 63

experts in, 69–71

food business in, 68, 68–69

GetFeedback in, 62–63

influencer eavesdropping in, 63

online learning platform leveraging in, 63

Patreon.com in, 64, 64–65

self-restraint in, 57

seven places for $5K, 61–65, 64

SEO. See search engine optimization

seven-figure podcast system, 48–50, 49, 50

sharing economy, 11, 93–94

ShortStack.com, 220

Siftery.com, 65, 206–7

SimilarWeb, 213–14, 214

single point of failure (SPOF), 17–18

slack groups, 213

Snapchat, 8

SndLatr, 152–56, 153, 161–62

social media, 76, 107. See also Facebook

soft power, 47

software, 47, 75, 234–35. See also digital and software products

software development, 34

Spiegel, Evan, 197

splurging, 52–54

SPOF. See single point of failure

sponsorships, 18, 18–19, 19

income from, 195, 195–96

for revenue stream multiplication, 226

for The Top Entrepreneurs, 44, 45–46, 49–50, 81, 226

stacking, 35, 35, 47, 224–25

Standard Oil Company, 67

start/end blindness, 39–40

start-up capital, 10

stocks, 40–41

stories, 202

stylists, 117

Success magazine, 181–82

superrich, 1–2, 46–48

support forums, 219–20, 220

system testing, 37–38

Target, 107

task automation, 46

taxes, 6, 6, 98, 125, 244

in real estate profitability, 129, 133, 138, 140–41, 141, 142, 143

tech companies, 170

TechCrunch.com, 208, 208–9

Thiel, Peter, 160

Thing Explainer (Munroe), 55

Thinking in Systems (Meadows), 54

thirty-day rule, 85

three-focus rule, 8, 23

baseball analogy in, 22

rationale for, 21–22

repetition in, 22

time, 18, 44, 73, 232, 247

batching, 23, 23–24, 42, 42, 87–88

market timing, 238, 242–44, 243

in New Rich Arsenal, 87–89

Quit Setting Goals and, 36–37, 37

for real estate, 122, 124, 143

restaurant business and, 68, 68

time blindness, 39

Todoist.com, 213–15, 214, 215

to-do lists, 82, 85, 89

The Top Entrepreneurs, 3, 18, 18–19, 19

calendar patterns for, 23, 23

CEOs on, 48–50, 49, 50, 57, 85

feedback loop opportunities for, 41–42, 42

inputs for, 41–42

outputs for, 41–42, 43, 44

outsourcing for, 42, 42–43, 43

release schedule for, 42, 42, 42–43, 43

sponsorships for, 44, 45–46, 49–50, 81, 226

stocks for, 41

virtual assistant in, 43, 43, 43–44

The Top Inbox (Mail2Cloud), 19–20, 20, 23, 23

buying business of, 160–62, 162, 164–67, 167, 168, 171

Toptal.com, 34, 52, 70–71

developers from, 216–17, 217

GetLatka.com and, 216–20, 217, 218, 219, 220

transparency, 2–3

travel, 102–3, 104, 105, 106. See also influencers

TripAdvisor, 107, 110

TSheets, 241

Turner, Ted, 66

Uber, 51, 196

unconventional investing

cash finds for, 194–96, 195

Facebook and, 187–88, 188

food truck business as, 187–88, 188, 193–94, 194

hostels as, 190–91

judgment-calls in, 191–93

locating, 189–90

upselling, 231

UpWork.com, 52, 216

user, 159

user base, 159–60, 163, 178

utilities, 145–46

venture capital firms, 57–61, 59, 60

video marketing, 65

Virgil, 187

voiceover artist, 86

Vue Smart Glasses, 201, 202, 202–3, 203, 204, 205

scarcity of, 204–5

wallet share, 232–33

Walmart, 47, 232

WCW. See World Championship Wrestling

Wealthfront, 26–27

Weebly, 241

what-if thinking, 75

World Championship Wrestling (WCW), 66

Yahoo, 242

Zendesk, 174–75

Zero to One (Thiel), 160

Zuckerberg, Mark, 242

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