From Boobs to Bankruptcy to Billionaires with Matt Haycox

04/04/23 • 30 min

Once the UK's biggest strip club operator, Matt Haycox was bankrupt by 28. Since bouncing back he has gone on to invest over £500m in uk businesses and help other business owners avoid his prior mistakes.

Top 3 Value Bombs:

1. You could have sat on the couch and wallowed in self-pity and talked about what could have been or you could have gone out and gone back to work to make something happen.

2. Lenders want personal guarantee, so they want to understand what your personal credit profile looks like. More importantly, even if they don't want to guarantee, they want to see how you operate as an individual, because that will dictate how you operate as a business owner.

3. Worst case scenario is you're going to be getting robbed in some way from an unscrupulous finance director or business partner or someone who has got more knowledge than you.

Visit Matt’s website - Matt Haycox Website

Sponsors:

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Top 3 Value Bombs:

1. You could have sat on the couch and wallowed in self-pity and talked about what could have been or you could have gone out and gone back to work to make something happen.

3. Worst case scenario is you're going to be getting robbed in some way from an unscrupulous finance director or business partner or someone who has got more knowledge than you.

Visit Matt’s website - Matt Haycox Website

Sponsors:

Shopify: The platform that simplifies selling online and in-person! Sign up for a $1-per-month trial period at Shopify.com/onfire!

Previous Episode

Colombian Coffee and Investing in Businesses in Emerging Markets with Adam Jason

Adam Jason is a Partner of Legacy Group and a Board Member of the Green Coffee Company. Previously, he practiced law in the United States for eight years. He specializes in corporate finance, corporate governance, securities regulation and international business transactions.

Top 3 Value Bombs:

1. To build something lasting, you must put yourself around the best possible people and do your best while allowing others to do the same.

2. There are a lot of opportunities in foreign markets.

3. You can use the strength of the US dollar to invest in foreign markets or buy real estate.

Learn more about Legacy Group and Green Coffee Company! - Legacy Group Website

Sponsors:

Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark’s business coaching has helped thousands of entrepreneurs to dramatically increase profitability!

Next Episode

The Untapped GoldMine of Flipping Land with Travis King

After a number of years entrenched in the corporate world, Travis King discovered land flipping. Within 2 years he had built up passive income which enabled him to pursue this venture as his full time job, resulting in a seven figure empire over the following decade. It was from this pursuit that Travis found true purpose - helping others experience wild success through niche land flipping opportunities.

Top 3 Value Bombs:

1. Awareness is one thing. Action and execution, that's a whole another thing.

2. Flipping land is not sexy or sophisticated like commercial real estate. That's exactly why you should get into it, because it's overlooked.

3. Depending on how ambitious you are, you're really only limited to your inputs like how much time are you willing to put into the business, how much money are you willing to invest in generating leads and marketing.

Take a FREE seven-day land flipping challenge - 7 Day Challenge

Sponsors:

FranBridge: Many EOFire listeners have launched franchises in a variety of industries outside of food – and FranBridge Consulting has guided them to these premier opportunities! Sign up for a free consultation with Jon - or get a free copy of his book, “Non-Food Franchising” - at FranBridgeConsulting.com!