Fund New Ventures With Little to No Money

damottaleonardweb
Jul 21, 2022
2 min read

Philip Hill takes a seat with Host Liam Leonard to relay the hard truth: If you’re thinking about an acquisition or startup but don’t have the money to do it, that’s no longer a valid excuse. Get Philip’s strategic framework around beginning at square one, including real estate and “using others’ money.” From marketing expert to real estate agent, hear how this entrepreneur proved you can begin to build your profit portfolio ANY time on this episode of the Prosperity Perspective.

3 Key Takeaways:

You can find people who will want to give you their money for an investment. Stop using money as an excuse for not trying that startup.
Try to pick projects that will fit within your ecosystem, including the processes you already have in place.
Learn to accept your weaknesses and don’t be afraid to delegate that work so you can focus on utilizing your strengths.

Listen to the Full Episode:

Show Notes:

[0:20] Philip explains what he does and how he got into automation

[2:50] The companies that Philip started were in acquisitions and startups

[5:55] Philip outlines his strategic framework on where after he made enough money to invest

[10:00] There’s no valid excuse for you to claim you can’t try that startup

[11:33] How did Philip determine that real estate was the best avenue to jump into?

[15:33] Did he do real estate and marketing simultaneously?

[20:00] Try to pick projects that already fit within your ecosystem and have partners who can handle how much responsibility you’re given

[20:35] Another thing to consider: accept your weaknesses

[21:36] For those running their own company and reaching profitability, Philip offers his advice

About Philip Hill

Philip started his first business in college and then launched a number of other businesses in his 20s, most of which were e-commerce stores or at least that revolved heavily around online lead generation. At age 26, Philip launched a digital marketing agency that in the last 4.5 years has helped scale over 100 companies from startups to multi-billion dollar giants. He also invests in real estate properties including rentals, fix and flips and is now getting into commercial development.