Comments by "Jeremy Barlow" (@jeremybarlow2291) on "Alex Hormozi" channel.

  1. I have watched a few of your videos at this point & you reiterating something I had seen before about finding one channel that allows you to sell $1 million worth of one product or service in a year is the key to being able to build a business that will be able to grow bigger than that & it made me realize that the idea I had for a business was mediocre because it was highly improbable that such an event would occur in that business. A minor tweak in terms of what to do and how to do it, focusing on a different opportunity with a similar sweat equity versus capital equity ie bootstrapped approach popped into my head within a day of hearing that sentiment which I had seen previously, and I knew I had found the right opportunity. There are opportunities in this service where as few as ten clients per month could get it to $100k in revenue or as many as 200 clients per month, but there are recurring revenue opportunities, one-off opportunities and way more potential, but the best part of the opportunity is that it has zero capital cost. Can be entirely bootstrapped, and even 1 to 2 low end clients per month would pay living expenses for me as the founder. Thanks for rewiring my thinking.
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  2. The loophole that works best for Americans is getting a citizenship in another country. Getting a residency permit in the UAE. Renouncing US citizenship, and setting up a company that operates in the UAE. If you don't want to live in Dubai, then the Cayman Islands would be your next best bet, or the BVI -if you can get banking. Aside from that a company formed in Cyprus with management and control in Costa Rica might do you well. If you want to operate in the US, then a C-Corp with plenty of 1222 Stock as the founder, and re-investing and deducting as much as possible into the company is the best tax savings plan you will have in the US. Deduct every penny the business earns by hiring new sales staff, building new physical plant and writing it off, writing off any interest on money borrowed to build out the business, and then when you sell the company sell your stock and take the $10 million per year exemption on capital gains for 1222 Stock.
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  3. You missed Russell Brunson & Nathan Barry. I mean $60 million a year in revenue doesn't really require an exit.
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  4. See this just proved Alex's point. The UAE literally TODAY imposed a corporate tax. The day after I wrote this. Forever the UAE was a tax haven with a 0% tax rate, but no more, and you cannot get effective banking in the majority of jurisdictions with a 0% headline tax rate.
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