/biz/ - Business & Finance

>>26746395

It Must Be Done

cute

All the shit you've been talking, planning this for weeks, yet you could barely drop It $100 for an hour.

Bears are capitulating

Watch Your Ass /biz/

Stop being poor

What does /biz/ think about Dan Pena?
>Trump supporter
>Alpha personality
>High TEst
>Calls his students pussies
>Makes fun of SJW's
>Values hard work
>Says that if you're not lazy like most snowflakes these days you can ABSOLUTELY become a millionaire in under 5-10 years

Dan Pena
$627

>Trump supporting billionaire
>makes his students fight each other
>says millennials are snowflakes

What did the prophet say about the transformation of wealth
Stay Stinky brothers
11:00
https://www.youtube.com/watch?v=tHFl1BI8y5o

What's exactly the business model this guy teaches?
I've been watching a bunch of his videos and I'm having a hard time understanding what the hell is it he actually wants people to do.
I get the motivational speaker side of his thing, but the technical side is a bit hazy.

From what I gather he buys businesses. Then eventually sells them or keeps them or something. How in the hell is some guy with no money or experience supposed to tap into that market? There seems to be a tremendous barrier of entry.
He keeps on talking about assembling a dream team of capable people and then using their skills or prestige to secure a loan. He also says how his model is especially good for people with no money.
The biggest problem I see with the entire thing is that I don't see a single reason why some former CEO and other people like that would get on board with a young guy with no money and no experience.
I mean why would they?
You can't offer your team jack shit until you actually manage to pull off the deal, which means that these capable people would just be hanging around some 20 year old guy hoping he can land a deal and get funding.
Sounds like total bullshit to me and seems like you'd actually need some assets before you have a go at a business model like this.

Have I misunderstood his model completely and where exactly does the money even come from in this stuff?
Getting rich off the loans and then gutting the business or trying to make the business work or what?

And Dan Pena for that matter. I think he has good things to teach, especially regarding executive management and how to acquire loans, and how to set up management of a corporation. He seems pretty wise in the business of acquiring brands.