Page 4 - iNetrepreneurfall2019

Brian: Yeah.

Loral: We’re trained to be
occupational people. Because
people are occupationally
trained, they say, “Well, I went
to school to be a CPA. I can only
be a CPA.” No, you can do all
sorts of things. You could be
a CPA for real estate people.
My CPA is a CPA specializing in
cannabis, cryptocurrency, gas,
and oil. You get to be whatever
you want to be as you become an
entrepreneur. But I think that so
many entrepreneurs fail because
they are trying to do the one thing
they think they’re good at. And I
Loral: Oh, they have to have to make some mistakes in finding think there’s a lot of teaching
Yes! Energy. When I got that some wrong ones, then find a in the world that’s wrong about
opportunity to move to New way to up-level and move from that: “Find the one thing you’re
Orleans with Chevron, I didn’t those relationships to other passionate about, and you’ll
know how to build fitness centers relationships quickly. make money.” No, you’ve got to
on offshore oil rigs. I had another be a damn good entrepreneur to
yes moment with Sharon Lechter And Yes! Energy, is not about make money.
and Robert Kiyosaki. They said, not failing. I think a lot of people
“Do you know how to distribute think yes always means right or Brian: Absolutely. We’re talking
a game?” I said, “Absolutely.” So just successful. I’m going to say about becoming rich. What are
true yes moments are when you right, but successful. I have failed some habits that rich people have
actually don’t have a clue what many times, but I don’t code them that other people do not have?
you’re doing. as failures. I just code them as
interesting lessons such as, “Okay, Loral: You have to make money,
Brian: Right. that didn’t work.” Bill Gates says it then keep it, so you’ve got to
the best, and he doesn’t even put have a corporate structure. I
Loral: Here’s why people miss any words on it. He said, “I just always say, “Companies make
yes moments. It’s because when throw a whole bunch of spaghetti money. Individuals get taxed.” As
an opportunity comes, people on the wall, i.e. ideas, innovations, a high-income earner or a sole
process through their filter of, different things. And if they work, proprietor, number one, you have
“Can I do it?” And it’s not about they work.” no protection and you pay the
you doing it. It’s about you leading highest taxes. One of the partners
it. Can you find the people who Brian: Yeah. controller’s is in this magazine
know how to do it and be the with us. Scott and Mike will give a
leader of this team? There is your Loral: I do that all the time. I complimentary review of should
trillion dollar tip in becoming have a lot going on, and some of you be an S corp, a C corp, an
wealthy. it works, and some of it doesn’t. LLC, a limited partnership, or a
That doesn’t mean I failed. It trust? What should you be, given
Over and over, I see opportunities. means that didn’t work for now. how you make money and what
I bought cannabis land, and I had And notice all that languaging, “It your goals are? If you have goals
no idea how to open a dispensary. didn’t work for now.” That doesn’t to be international, then we are
And even to this day I don’t know mean it won’t work next year or it going to set you up differently. If
all the nuances of it but, boy, do I won’t work a different time. I think, you have goals to just stay in your
have a great team. And I up-level Brian, many people have just one state, that’ll set you up differently.
those teams as I go. I think there’s thing going on, and they get very So there is an assessment. It’s not
a couple of lessons: one, find the focused. Because remember how about going online and getting
people quickly. And if you happen we’re trained, right? incorporated for $99.

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