Mike interviews Garrett & Ted Sutton.
In a world where entrepreneurship is both a dream and a journey fraught with challenges, insights from those who have walked the path can be invaluable. Recently, We had the pleasure of diving deep into business ownership with Garrett and Ted Sutton, two seasoned entrepreneurs with a wealth of knowledge to share. Our discussion revolved around their book “Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them,” it was nothing short of enlightening.
Garrett and Ted’s journey into entrepreneurship mirrors the classic tale of trial and error. They candidly shared their experiences of starting multiple businesses, with the first four ventures ending in failure. However, they didn’t let setbacks deter them. Instead, they embraced the wisdom of Robert Kiyosaki, who famously said, “Four out of five businesses fail. So just create five businesses.” This resilience and willingness to learn from failure set the foundation for their eventual success.
One key takeaway from our conversation was the importance of strategic business acquisitions. Garrett emphasized the value of buying a thriving business and applying one’s skills to scale it further. This approach minimizes the risks associated with starting from scratch and provides a solid foundation for growth. However, they cautioned against overlooking the importance of proper vetting when selling a business, citing a cautionary tale where a client had to reclaim a business due to the buyer’s incompetence.
Another insightful aspect of our discussion centred on “bolt-on” businesses. Ted highlighted the benefits of acquiring businesses that complement existing ventures, citing examples such as a real estate investor starting a carpet cleaning company to meet a demand within their portfolio. This strategic approach enhances operational efficiency and creates synergies that drive overall growth.
Beyond their expertise in business acquisitions, Garrett and Ted shared valuable insights into the legalities of entrepreneurship. They emphasized the role of LLCs and corporations in protecting entrepreneurs from society’s litigious nature. By proactively safeguarding their assets, entrepreneurs can mitigate risks and focus on building their ventures with confidence.
Our conversation also delved into the current socio-political landscape and its implications for entrepreneurship. From discussing legal rulings to the impact of education on financial literacy, Garrett and Ted offered thought-provoking perspectives on navigating the complexities of modern society. Despite the challenges posed by external factors, they emphasized the importance of staying informed and adaptable to thrive in any environment.
In addition to their expertise in business and law, Garrett and Ted are passionate advocates for financial education, particularly for children. Their free ebook and educational resources aim to empower the next generation with essential money management skills. As they rightly pointed out, understanding money is vital to achieving financial freedom and navigating the complexities of the modern world.
Our conversation with Garrett and Ted Sutton was an entrepreneurship, legal savvy, and financial literacy masterclass. Their insights into business acquisitions, legal protections, and the importance of education offer valuable lessons for aspiring entrepreneurs and seasoned business owners alike. By embracing resilience, strategic thinking, and a commitment to lifelong learning, anyone can unlock the secrets to entrepreneurial success.
Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.
Visit website for more information: https://www.milliondollarbookagency.com/
[{"id":2330,"link":"https:\/\/blog.milliondollarbookagency.com\/chris-fenning-author-of-the-first-minute-how-to-start-conversations-that-get-results\/","name":"chris-fenning-author-of-the-first-minute-how-to-start-conversations-that-get-results","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Chris-Fenning.png","alt":""},"title":"Chris Fenning - Author of \"The First Minute: How to Start Conversations That Get Results\"","excerpt":"","content":"Mike interviews Chris Fenning. Most people fumble in the first few moments of communication. Whether it's a sales pitch, a business meeting, or just introducing","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 21, 2024","dateGMT":"2024-11-21 12:44:10","modifiedDate":"2024-11-21 12:44:13","modifiedDateGMT":"2024-11-21 12:44:13","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":43},"status":"publish"},{"id":2310,"link":"https:\/\/blog.milliondollarbookagency.com\/kenneth-cloke-author-of-resolving-conflicts-at-work-ten-strategies-for-everyone-on-the-job\/","name":"kenneth-cloke-author-of-resolving-conflicts-at-work-ten-strategies-for-everyone-on-the-job","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Kenneth-Cloke.png","alt":""},"title":"Kenneth Cloke - Author of \"Resolving Conflicts at Work: Ten Strategies for Everyone on the Job\"","excerpt":"","content":"Mike interviews Kenneth Cloke. In any organization, conflict is inevitable. It\u2019s not the fact that problems come up that matters. It\u2019s how we choose to","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 15, 2024","dateGMT":"2024-11-15 13:18:10","modifiedDate":"2024-11-15 13:18:13","modifiedDateGMT":"2024-11-15 13:18:13","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":33},"status":"publish"},{"id":2299,"link":"https:\/\/blog.milliondollarbookagency.com\/honoree-corder-author-of-your-book-means-business-save-time-make-money-and-dominate-your-industry-with-the-power-of-a-bespoke-book\/","name":"honoree-corder-author-of-your-book-means-business-save-time-make-money-and-dominate-your-industry-with-the-power-of-a-bespoke-book","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/honoree-corder.png","alt":""},"title":"Honor\u00e9e Corder - Author of \"Your Book Means Business: Save Time, Make Money, and Dominate Your Industry with the Power of a Bespoke Book\"","excerpt":"","content":"Mike interviews Honor\u00e9e Corder. When Honor\u00e9e Corder stepped into this latest episode of Million Dollar Stories, sparks flew. You know, there are interviews, and then there","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 13, 2024","dateGMT":"2024-11-13 14:28:54","modifiedDate":"2024-11-13 14:42:04","modifiedDateGMT":"2024-11-13 14:42:04","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":45},"status":"publish"},{"id":2290,"link":"https:\/\/blog.milliondollarbookagency.com\/frank-somma-author-of-b2b-is-really-p2p-how-to-win-with-high-touch-in-a-high-tech-world\/","name":"frank-somma-author-of-b2b-is-really-p2p-how-to-win-with-high-touch-in-a-high-tech-world","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Frank-Somma.png","alt":""},"title":"Frank Somma - Author of \"B2B Is Really P2P: How to Win With High Touch in a High Tech World\"","excerpt":"","content":"Mike interviews Frank Somma. In a world buzzing with tech, automation, and algorithms, there\u2019s one question every business owner, sales professional, and entrepreneur needs to","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 7, 2024","dateGMT":"2024-11-07 20:21:31","modifiedDate":"2024-11-07 20:21:34","modifiedDateGMT":"2024-11-07 20:21:34","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":45},"status":"publish"},{"id":2268,"link":"https:\/\/blog.milliondollarbookagency.com\/agnesia-agrella-author-of-mind-your-own-business-your-money-is-your-business\/","name":"agnesia-agrella-author-of-mind-your-own-business-your-money-is-your-business","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Agnesia-Agrella.png","alt":""},"title":"Agnesia Agrella - Author of \"Mind Your Own Business: Your Money Is Your Business!!!\"","excerpt":"","content":"Mike interviews Agnesia Agrella. In this episode of Million Dollar Stories, We sat down with Agnesia Agrella, a powerful force in the personal finance world","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 12:00:00","modifiedDate":"2024-11-02 15:27:47","modifiedDateGMT":"2024-11-02 15:27:47","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":32},"status":"publish"},{"id":2264,"link":"https:\/\/blog.milliondollarbookagency.com\/andrew-sherman-author-of-mergers-and-acquisitions-from-a-to-z\/","name":"andrew-sherman-author-of-mergers-and-acquisitions-from-a-to-z","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Andrew-Sherman.png","alt":""},"title":"Andrew Sherman - Author of \"Mergers and Acquisitions from A to Z \"","excerpt":"","content":"Mike interviews Andrew Sherman. In this episode of Million Dollar Stories, We had the pleasure of speaking with Andrew Sherman, a seasoned expert in mergers","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 11:30:00","modifiedDate":"2024-11-05 17:12:47","modifiedDateGMT":"2024-11-05 17:12:47","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":28},"status":"publish"},{"id":2261,"link":"https:\/\/blog.milliondollarbookagency.com\/brian-domitrovic-author-of-taxes-have-consequences-an-income-tax-history-of-the-united-states\/","name":"brian-domitrovic-author-of-taxes-have-consequences-an-income-tax-history-of-the-united-states","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Brian-Domitrovic.png","alt":""},"title":"Brian Domitrovic - Author of \"Taxes Have Consequences: An Income Tax History of the United States\"","excerpt":"","content":"Mike interviews Brian Domitrovic. In this episode of Million Dollar Stories, Brian Domitrovic, a distinguished historian and co-author of the eye-opening book Taxes Have Consequences:","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 11:25:00","modifiedDate":"2024-11-01 16:26:49","modifiedDateGMT":"2024-11-01 16:26:49","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":25},"status":"publish"},{"id":2257,"link":"https:\/\/blog.milliondollarbookagency.com\/bradley-birkenfeld-author-of-lucifers-banker-uncensored-the-untold-story-of-how-i-destroyed-swiss-bank-secrecy\/","name":"bradley-birkenfeld-author-of-lucifers-banker-uncensored-the-untold-story-of-how-i-destroyed-swiss-bank-secrecy","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Bradley-Birkenfeld.png","alt":""},"title":"Bradley Birkenfeld - Author of \"Lucifer\u2019s Banker Uncensored: The Untold Story of How I Destroyed Swiss Bank Secrecy\"","excerpt":"","content":"Mike interviews Bradley Birkenfeld. In this episode of\u00a0Million Dollar Stories, We had the privilege of speaking with Bradley Birkenfeld, the whistleblower who took on the","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 1, 2024","dateGMT":"2024-11-01 15:42:47","modifiedDate":"2024-11-01 15:42:50","modifiedDateGMT":"2024-11-01 15:42:50","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":54},"status":"publish"},{"id":2254,"link":"https:\/\/blog.milliondollarbookagency.com\/doug-collins-author-of-the-home-based-business-guide-to-write-off-almost-anything-youll-keep-more-money-once-you-know-these-tax-secrets\/","name":"doug-collins-author-of-the-home-based-business-guide-to-write-off-almost-anything-youll-keep-more-money-once-you-know-these-tax-secrets","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Doug-Collins.png","alt":""},"title":"Doug Collins - Author of \"The Home-Based Business Guide to Write Off Almost Anything: You'll Keep More Money Once You Know These Tax Secrets\"","excerpt":"","content":"Mike interviews Doug Collins. If you're hustling to build your empire, you know every dollar counts. In this week\u2019s episode of Million Dollar Stories, I","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 1, 2024","dateGMT":"2024-11-01 15:22:42","modifiedDate":"2024-11-02 15:36:17","modifiedDateGMT":"2024-11-02 15:36:17","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":39},"status":"publish"},{"id":2251,"link":"https:\/\/blog.milliondollarbookagency.com\/joseph-gulesserian-author-of-the-practical-m-b-a-on-economics-what-they-do-dont-teach-you-at-business-school\/","name":"joseph-gulesserian-author-of-the-practical-m-b-a-on-economics-what-they-do-dont-teach-you-at-business-school","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Joseph-Gulesserian.png","alt":""},"title":"Joseph Gulesserian - Author of \"The Practical M.B.A. on Economics: What They Do & Don\u2019t Teach You at Business School\"","excerpt":"","content":"Mike interviews Joseph Gulesserian. In this episode of Million Dollar Stories, We had the privilege of sitting down with Joseph Gulesserian, the man behind The","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 1, 2024","dateGMT":"2024-11-01 15:12:29","modifiedDate":"2024-11-01 15:12:32","modifiedDateGMT":"2024-11-01 15:12:32","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":34},"status":"publish"},{"id":2241,"link":"https:\/\/blog.milliondollarbookagency.com\/dr-kelly-waltman-author-of-elevate-connection-cultivate-an-engaged-inspired-productive-and-profitable-team-culture\/","name":"dr-kelly-waltman-author-of-elevate-connection-cultivate-an-engaged-inspired-productive-and-profitable-team-culture","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/Dr.-Kelly-Waltman.png","alt":""},"title":"Dr. Kelly Waltman - Author of \"Elevate Connection: Cultivate an Engaged, Inspired, Productive, and Profitable Team Culture\"","excerpt":"","content":"Mike interviews Dr. Kelly Waltman. On this latest episode of Million Dollar Stories, Dr. Kelly Waltman joined the conversation to share insights from her book,","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 30, 2024","dateGMT":"2024-10-30 11:31:00","modifiedDate":"2024-11-01 14:18:10","modifiedDateGMT":"2024-11-01 14:18:10","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":56},"status":"publish"},{"id":2220,"link":"https:\/\/blog.milliondollarbookagency.com\/robert-mazur-author-of-the-infiltrator-my-secret-life-inside-the-dirty-banks-behind-pablo-escobars-medellin-cartel\/","name":"robert-mazur-author-of-the-infiltrator-my-secret-life-inside-the-dirty-banks-behind-pablo-escobars-medellin-cartel","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/robert-mazur.png","alt":""},"title":"Robert Mazur - Author of \"The Infiltrator: My Secret Life Inside the Dirty Banks Behind Pablo Escobar's Medellin Cartel\"","excerpt":"","content":"Mike interviews Robert Mazur. In the labyrinthine world of organized crime, where corruption and collusion reign, few have ventured as deep as Robert Mazur. As","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 24, 2024","dateGMT":"2024-10-24 10:50:00","modifiedDate":"2024-11-01 14:19:30","modifiedDateGMT":"2024-11-01 14:19:30","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":27},"status":"publish"}]
