How To Start A Business Every Single Year – Sean Castrina

Starting a business and succeeding is hard in and of itself. But starting 1 company every year is just fascinating. This is what Sean Castrina has done over the last 20 years. He has started over 20 companies and still seeks to launch a new business every year. He is an investor, teacher, highly sought-after [...]

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Starting a business and succeeding is hard in and of itself. But starting 1 company every year is just fascinating.

This is what Sean Castrina has done over the last 20 years. He has started over 20 companies and still seeks to launch a new business every year. He is an investor, teacher, highly sought-after speaker, author, and entrepreneur. Sean is going to give tips and advice on how to start and run your businesses today.

Things Mentioned

8 Unbreakable Rules for Business Startup SuccessThe Greatest Entrepreneur in the WorldWorld’s Greatest Business Plan

3 Key Points

You have to have the qualities of a successful person. If you have that, you will have a company in the next five years because even if the first one fails you’re going to learn something from it and you’re going to be fine.Create profit streams within your core business. Build your core companies.You want a business partner where you could look back 5 years from now and say “I could have never got this off the ground without him”, “I could have never scaled this business without him”, “we could have never grown to this size without him.” If you can’t answer one of those 3, you have the wrong partner.

Cliff Notes

Plan a money trick – and that takes 3 to 5 years. Set up something that’s durable, sustainable and will give you a liveable wage because until you have that, you’re never going to be secure about what you’re doing.

Plant a tree that grows fruit and that means it’s generating revenue that can provide, pay your basic living expenses.

Create companies that have synergy with your current company.

All business ideas come into 4 categories: 1) a problem you see yourself, 2) look for a need that’s not being met, 3) satisfy a desire, and 4) anything that entertains.

To make money you have to have a great following, you have to bring something valuable to the table and it has to be sustainable.

Learning things online is great but you need to find someone who has been doing it for a really long time and who genuinely has a reason for you to succeed.

You have to have the qualities of a successful person. If you have that, you will have a company in the next five years because even if the first one fails you’re going to learn something from it and you’re going to be fine.

Successful entrepreneurs are very decisive. We make the very best decision we can based on the information we have at the time. If information changes, then we pivot.

Create profit streams within your core business. Build your core companies.

3 components of every business: create a system to attract customers, sell the customer, fulfill whatever you’re offering your customer.

I try to teach startup founders the 1+1=done principle. You plus one partner. Most startups lack this critical partner to get it done.

You want a business partner where you could look back 5 years from now and say “I could have never got this off the ground without him”, “I could have never scaled this business without him”, “we could have never grown to this size without him.” If you can’t answer one of those 3, you have the wrong partner.

Follow Sean

10 Minute Entrepreneur PodcastFree Book: 8 Unbreakable Rules for Business Startup Success

READ THIS BOOK: https://www.readthisifyouwanttogoviral.com

The post How To Start A Business Every Single Year – Sean Castrina appeared first on Viral by Design.