Diversify or Die
Episode Details
Being an entrepreneur comes with inherent risk. You’re likely going to accumulate some debt, and perhaps, it’ll take a while before you start to turn a profit. On top of the risk, you have to decide on an industry and a business model. But how do you know if you’re making the right choices? Are you taking on too much debt? Should you play it safe or swing for the fences?
This week on the Jaded 80s Baby podcast, my guest is Jerry Brazie. He’s an entrepreneur and CEO who has bought and sold numerous companies, and he has been in business for over 20 years. Jerry stopped by to talk about risk management, utilizing debt, choosing a business endeavor, and investing in real estate. You don’t want to miss this episode of the Jaded 80s Baby podcast.
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Timestamps
01:20 – Who is Jerry Brazie?
2:35 – The creation of a serial entrepreneur
5:52 – Finding the lesson in a bad situation
7:47 – Starting that first business and investing in yourself
12:05 – How to secure funding as a new entrepreneur
15:46 – When should you establish an LLC?
17:17 – How to increase your risk tolerance as an entrepreneur
23:20 – Business regrets
25:20 – Safest businesses for entrepreneurs who are risk-averse
29:18 – How to properly flip a house and get involved in real estate
33:20 – Is now a good time to start purchasing real estate?
35:56 – How divide profits between reinvestment, repaying debt, and rewarding yourself
39:28 – Going into business with friends and/or family
43:53 – The Jerry Brazie Podcast