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The New 1%
Timothy Douglas
790 episodes
3 days ago
Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...
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Entrepreneurship
Business
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All content for The New 1% is the property of Timothy Douglas and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...
Show more...
Entrepreneurship
Business
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The Journey of Community Investing Newbies 🌱
The New 1%
11 minutes 25 seconds
1 year ago
The Journey of Community Investing Newbies 🌱

"Join us in tracking the progress of our community investment novices on their entrepreneurial adventure! πŸ“ˆ

πŸ—“οΈ Timeline Check:

  • Dec 2: Venture begins

  • Dec 19: 'Outsourced Services LLC' is born

  • Dec: $2,400 pooled in shared account

  • LLC Setup Cost: $400

πŸ€” Challenges & Insights:

  • The debate over which package to choose on IncFile

  • Exploring business credit for early financing

  • DIY approach: No paid help, all self-research

  • First month: No significant progress

  • Meeting schedule: Started weekly, then lapsed due to life commitments

πŸ“… Current Status (Early January):

  • Upcoming meeting set for this month

  • $2,000 in capital, with $2,400 more expected

  • Continued research on business credit

πŸ’‘ Reflect: They're learning that consistency and commitment are key in entrepreneurship.

πŸ—£οΈ Your Thoughts?

How do you think they're doing? Any advice or experiences to share? Join the conversation in the comments!

#CommunityInvesting #EntrepreneurshipJourney #BusinessStartup #PodcastUpdate


The New 1%
Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...