Episode Details

We discuss strategies for starting your own company, from high-risk VC-backed startups to acquiring existing small businesses. We cover different funding options like venture capital, SBA loans, and getting investments from people who believe in you. Advice is tailored based on intelligence level. We also warn about the risks of demanding a higher salary without increasing your value to the company.

[00:00:00]

Simone Collins: Yeah. I, I'm thinking more about like, you know, bridge loans or whatever, like loans for growth once you do acquire. I don't

Malcolm Collins: have access to that. Yeah. I get that. Advice to normal people.

Simone Collins: Okay. Anyway. Yes. As being loans are, are great and they do provide a lot of opportunity.

Malcolm Collins: However. Let's. Let's go into what I would suggest is the number one way that, that I would look at creating a company.

If I was an average milling to above middling intelligence person living in the U S

Would you like to know more?

Simone Collins: So Malcolm, there's a person in our family who would really, really love, loves money. And definitely encourages us to make money. And whenever she's been unhappy with how much money we're making, her advice is always just tell them to pay you more.

Malcolm Collins: Which is my mom who's not with us anymore, but she would always do this.

Just be like, I'd be like, Oh, I'm making this much. And she goes, that's not enough for you. You just need to tell them to pay you more. And I was like, I'll get fired if I do that. You [00:01:00] know that, right? Yeah. She goes, you just need to be firm. And I think so many older generations are this way. This isn't like, just go and, and bang on doors at offices until you get hired.

 But one of the things, you know, if you look at online influencers and stuff like that, sort of the place they always end up, whether you're talking about girl defined or Andrew Tate or even Trump is trying to teach people how to make money. And they'll create these little universities for me because it's true.

You know, if you're building your own little community, you know, one of the things that's easiest to promise them is financial independence and wealth. So you promise them that you get them to waste money on that. And, and it ends up, you know, some, I think some of it is pretty good. So you look at like hustle university and stuff like that, like what Andrew Tate is doing and some of the other ones it's reasonable.

He has to figure out how to tell idiots how, like, because, and I'm not saying that he disproportionately attracts idiots. I'm saying if your reach is wide enough, no matter who you are, a huge [00:02:00] chunk of that is going, the majority of that is going to be idiots. It has the same, because you know how dumb the average person is?

Well, half of them are dumber than that. Exactly. You've got to be selling them all sorts of stuff like... Dropshipping and stuff like that. Like ideas that anyone can focus on. But the

Simone Collins: great thing about what he's doing that I really respect is most people who I see online who are selling these kinds of programs, they're like sort of pyramid schemes and they're based around coaching.

Like I'm a coach, you be a coach, you make money like me, blah, blah, blah.

Malcolm Collins: And it doesn't really work.

Simone Collins: Yeah. I mean, she's one of like a million. What I like about what Andrew Tate is doing is he's giving people very concrete, very practical, often like very unromantic, you know, they're, they're not sexy.

They're not about becoming a famous, beautiful coach that everyone wants to follow. You know, it's, it's about copywriting. It's about dropshipping. Like you said, it's ab