BiggerPockets Business Podcast 09: The Secret to Starting a Risk-Free, Debt-Free Business QUICKLY with Alan Donegan

BiggerPockets Business Podcast 09: The Secret to Starting a Risk-Free, Debt-Free Business QUICKLY with Alan Donegan

Author: BiggerPockets.com : Joshua Dorkin and Brandon Turner June 25, 2019 Duration: 0:00
You’ve got your idea, and you’re ready to take over the world. Now, where should you start? Should you... write a detailed business plan? Buy the equipment? Take out a loan? Wrong, wrong, and WRONG, according to our guest today. Alan Donegan founded the PopUp Business School to teach a different approach—one that encourages entrepreneurs to measure feedback well before they go into debt or get themselves stuck in a rat race of their own making. In this episode, Alan shows us how to experiment to see if customers will actually pay for your offering (“people will always be nice to you up until the point when you ask them to take money out of their pocket”) and how to organize a trial run to determine whether you even enjoy running the business. You’ll love Alan’s advice to “fail fast and fail cheap,” and to create a “high-trust environment” so you can get paid up front. Plus, you’ll learn how some of the most valuable companies in the world got started using this lean model. Alan shares his thoughts on exactly when to quit your 9 to 5 and go all-in on your business. He also reveals how to keep your energy up when burning the candle at both ends and why understanding the “trinity of management” is vital to the success of your enterprise. This is one of our most actionable, knowledge-packed shows so far. Be sure to download it and subscribe to the BiggerPockets Business Podcast using your favorite app for more!

Hosted by Joshua Dorkin and Brandon Turner, the BiggerPockets Podcast has become a cornerstone for anyone serious about building wealth through property. This isn't a platform for empty promises or theoretical lectures. Instead, each episode connects you directly with active investors and seasoned professionals who share their real-world experiences, including the setbacks and the hard-won victories. You'll hear detailed conversations about finding deals, creative financing, managing rentals, and navigating market shifts-all with an emphasis on practical strategies you can apply yourself. The focus is squarely on sustainable wealth building, rejecting the "get rich quick" mentality in favor of long-term financial independence. By tuning into this podcast, you gain access to a community-driven knowledge base that demystifies the complexities of real estate. It's about learning the nuts and bolts from people who are actually doing the work, providing a genuine education that can help you make more informed and confident investment decisions. For straightforward, actionable advice that cuts through the industry noise, this is the essential listen.
Author: Language: en-us Episodes: 100

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