In episode 30 of the WHOA GNV Podcast, we dive into SO MANY different topics with serial entrepreneur Newell Fox. We discuss having an exit strategy for your business, knowing when to sell your business, creative passive income revenue streams, interviewing and making yourself standout, the proper way to ask for a raise, buying real estate, and so much more!
Newell Fox:
3:59 – Newell Fox Origin Story
9:09 – Having an #exitstrategy and selling your business.
12:08 – When should somebody be planning an exit strategy?
13:59 – So did you know that you wanted to sell Solutions Bridal? Why were you interested in selling? The thought process as given by a business broker.
19:08 – Squeeze on retail margins led you to wanting to sell the business… where was the squeeze on your retail margins coming from?
20:46 – The fact that your business was purchased with cash is pretty rare you would say?
21:30 – So after selling Solutions Bridal, what came next? #realestate
23:07 – #revenuestreams #passiveincome
23:44 – Is it better to diversify or focus on one thing?
25:54 – What are the types of passive income you have established
27:35 – You got to have real estate in your portfolio
28:33 – Teaching at the University of Florida and preparing students for the interview process. Selling yourself in the interview process.
30:51 – How do you sell yourself?
33:30 – If a team member was going to go as their employer for a raise, how should it be done?
35:37 – Do employers care about GPAs? What the actually care about…
36:54 – How are you going to make yourself stand out from others when applying for a job?
42:53 – Making your first purchase to create an additional revenue stream.
44:04 – #dripcampaign
47:02 – Kids with tablets and teaching kids to communicate a message
48:52 – Circling back to #dripcampaigns
50:21 – Being unique in the interview process (again) – Jay-Z story.
52:18 – You think you can get Jay-Z on the podcast?
53:24 – Separating yourself from the back (whether in business or personally)
55:26 – Creating an #experience in your business
56:43 – #moneymanagement #profitfirst
1:00:47 – #cashflow
1:05:06 – Newell Fox University
1:07:43 – How do you determine what to prioritize?
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ABOUT THE WHOA GNV PODCAST:
THE PODCAST BRINGING YOU BUSINESSES AND INDIVIDUALS THAT MAKE YOU GO WHOA!
Collin Austin, founder of New Scooters 4 Less, and Ty Rucarean, founder of Best of Gainesville, have come together to bring you incredible and inspiring stories of entrepreneurs, business men and women, and other awe inspiring leaders. Hear the fascinating challenges individuals have had to persevere through. Soak in the wisdom of talented men and women that have had the grit and focus to get to glory. Reflect on their life-altering stories. Join in and celebrate the wins with them (and us) as well. If it makes you go “WHOA!”, it’s on this podcast! Educate yourself and grow as we come together EVERY Monday at 8am to learn from the BEST.
Ty and I are SUPER passionate about Gainesville, FL so we decided to create a podcast CENTERED here in Gainesville. Of course we will bring in guests from other places and have a ton of fun learning from those outside our realm, but we want to have a heavy focus on showing off Gainesville’s talent and what makes this place so special. We are on a mission to KEEP our talented students coming out of UF, a top ten public university HERE in Gainesville. We want to help Gainesville businesses recruit top talent to Gainesville, FL. We want to help Gainesville bring in new businesses. We want to help the small businesses in Gainesville learn from others and from one another in order to grow and be more fruitful.
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