• Episode 45: How to build a $100m Company w/ 3 partners

  • Dec 9 2024
  • Length: 1 hr and 6 mins
  • Podcast

Episode 45: How to build a $100m Company w/ 3 partners

  • Summary

  • On this episode of "Burn Your Boats," we sit down with Ryan McGuinness, a successful entrepreneur who's journey from pizza shop owner to prominent Tampa Bay lender is nothing short of inspiring. Ryan shares how his father's entrepreneurial spirit ignited his own, the valuable lessons learned from early business ventures, and the importance of taking calculated risks. He discusses his transition from flipping houses to lending, highlighting the reduced risk and scalability of the lending business. Throughout the conversation, Ryan emphasizes the significance of networking, building strong relationships with borrowers, and maintaining a relentless work ethic. He also reflects on the nature of wealth and success, the excitement of unique deals, and his passion for collectible cars.


    Takeaways

    Ryan's entrepreneurial spirit was heavily influenced by his father's example.

    Early experiences in business taught Ryan valuable lessons about risk and responsibility.

    Taking risks is essential for growth and learning in entrepreneurship.

    The transition from flipping houses to lending provided Ryan with a more scalable business model.

    Maintaining a low loan-to-value ratio minimizes risk in lending.

    Building strong relationships with borrowers is key to success in lending.

    Word of mouth and personal connections are powerful marketing tools.

    Ryan's ability to connect with people enhances his business opportunities.

    Wealth is a byproduct of hard work and dedication, not the ultimate goal.

    Passion projects, like collecting cars, provide balance and joy in life.



    Sound Bites

    "You have to fight through the boredom."

    "Every deal is unique and exciting."

    "I love collecting classic cars."

    Chapters

    00:00

    Early Entrepreneurial Experiences

    03:42

    Lessons from the Pizza Business

    07:00

    Transitioning to Real Estate and Flipping

    09:52

    The Shift to Lending and Risk Management

    13:08

    Scaling a Business with Minimal Staff

    15:58

    Navigating Challenges in Business

    18:45

    Conclusion and Key Takeaways

    29:26

    The Advantages of Being a Lender

    34:12

    Understanding Default Risks

    38:54

    The Psychology of Lending

    44:05

    Identifying Quality Borrowers

    49:09

    The Art of Connection

    53:16

    Wealth and the Journey

    57:55

    Passion for Cars and Investments

    01:04:03

    The Importance of Feedback

    01:04:38

    The Power of Storytelling

    01:04:45

    BYB Outro 1.mp4


    #entrepreneurship #risktaking #realestate #lending #businessgrowth #personaldevelopment #wealthbuilding #networking #familyinfluence #successstories #investor #mindset #burnyourboatswealth #ryanmcguinness #tampabay


    keywords

    entrepreneurship, risk-taking, real estate, lending, business growth, personal development, wealth building, networking, family influence, success stories




    Hosted on Acast. See acast.com/privacy for more information.

    Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Episode 45: How to build a $100m Company w/ 3 partners

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.