A YouTube video by Mike Andes presenting a 12-step process for building a million-dollar business in home services starting with no capital. The presenter argues that reaching a seven-figure revenue enables owner financial independence (example: extracting $100,000/year at a 10% net take).
Hey everyone, today I'm going to be giving you a 12 step process of how exactly you can build a 1 million dollar business. Home Service Industries with $0. You don't need any money to get started, you don't need a ton of experience and most home services, you get started without a ton of equipment or huge amounts of skill. You just need to be able to work hard. Let's go ahead and jump right into it. First thing is we've got to find why a million dollars. Why do you want to build a one million dollar business? In my opinion, in order to grow a seven figure or $1 million business, that's going to be the thing that allows you to be able to actually build a company that is providing for you without you working in daily operations. For example, if I'm running a 10% profit margin business, and I mean net profit, in fact I mean taking 10% out for you personally, if I am trying to build this business, that means I'm going to get $100,000 out of the business every single year. And if I'm trying to do that on say $300,000 business, it's not enough to live. And the reason.
