How To Build A Billion Dollar Business From a Billionaire CEO

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  • Опубліковано 20 гру 2024

КОМЕНТАРІ • 68

  • @KenMcElroy
    @KenMcElroy  9 місяців тому +50

    If you appreciate the effort we're putting into these videos and want to support the channel, share this with someone you think would benefit! It would really mean a lot.

  • @thebestmeditationthisyear1346
    @thebestmeditationthisyear1346 8 місяців тому +22

    Yah this guy is giving solution to our problems, but most people in this comments section are focusing on the problem, we know that he made a mistake by saying 1 million to 1 billion is 100 × growth rather than saying it's 1000 growth. It was a MISTAKE GUYS. Focus on the information that is provided.

  • @leadgenjay
    @leadgenjay 9 місяців тому +11

    Ken really nails the importance of starting small and scaling with precision. A key tactic often overlooked is using strategic partnerships to accelerate growth, like how early-stage startups can collaborate with established companies for mutual benefits, leveraging their resources and customer base to scale more rapidly than on their own.

  • @user-lf3nb9vs2v
    @user-lf3nb9vs2v 9 місяців тому +9

    One of the best videos, and channels for that matter, that I have ever seen on UA-cam.

  • @pushkararora3308
    @pushkararora3308 8 місяців тому

    Thankyou so much i saw it from a very newbie lens
    But still
    The concept of figuring out a working model and making it perfect , ensuring it cashflows.
    Then Scaling
    Till the time a new challange arises
    Than fixing that box of model
    Then repeating that box
    I caught that concept. Thanks a ton❤️

  • @lefthandcoaching2725
    @lefthandcoaching2725 7 місяців тому

    Thank you for these videos Ken! Love your prospective on scaling your business, it is so inspiration! Self made, started small and really went for it!

  • @Karam-o5s
    @Karam-o5s 9 місяців тому +23

    1M to 1B is 1000X

  • @martirargueta5565
    @martirargueta5565 5 місяців тому

    If you want to improve your life and become financially independent listen to this man. Focus on his advice and learn from his experience. He has help me change my mindset and consequently grow financially. Learn from him like if you were trying to learn a new language. Ken is very successful and you can be as well if you learn from him and others like him. Thank you Ken!

  • @theRetainer
    @theRetainer 6 місяців тому

    Thanks for this inspiring video. First, earn enough to cover expenses. Then, establish processes and procedures, and create a plan for the business. Hire the right people to execute on the plan, and once the wheels come off, SCALE.

  • @michelgrandmont8268
    @michelgrandmont8268 4 місяці тому

    Thanks Ken! This was very timely and helpful!

  • @robertomichienzi-n6n
    @robertomichienzi-n6n 9 місяців тому +4

    You should do a whiteboard on this with examples of commercial multifamily that would be exciting

  • @robertomichienzi-n6n
    @robertomichienzi-n6n 9 місяців тому +6

    Please show how you can drain generate 1 million and revenue with commercial multifamily starting with a duplex

  • @luckyboypictures
    @luckyboypictures Місяць тому

    Ken, love the video, thanks for sharing.

  • @randal3122
    @randal3122 9 місяців тому +109

    1 million to 1 billion is 1,000x growth... not 100x

    • @LatentFreedom
      @LatentFreedom 9 місяців тому +1

      Simple maths

    • @lyleburlingame2276
      @lyleburlingame2276 9 місяців тому +2

      Well if you compound 1mx100 over 10 or 20 years that should add up to 1b 😉

    • @randal3122
      @randal3122 9 місяців тому +2

      @@lyleburlingame2276 sounds pretty simple doesnt it?

    • @davidborntreger691
      @davidborntreger691 9 місяців тому +1

      I literally came here to make the same comment 1 billion is 1000×1,000,000

    • @TakingTheRedPill69
      @TakingTheRedPill69 9 місяців тому +11

      Apparently my highschool math teacher lied, and math isn't all that important to success! 😂

  • @chrissharkey9644
    @chrissharkey9644 6 місяців тому +2

    I’m happy with 17 units small simple and below the radar

  • @Steppinonshii
    @Steppinonshii Місяць тому

    Here I am at 3 am actually thinking about this, at this point I’m not sure if I’m delusional or not. Either ways It’s really fun thinking about all this money

  • @Joseph-xt2qg
    @Joseph-xt2qg 7 місяців тому

    Great info! I will say though that i believe 'Stay in your lane' is a recipe for discontented, disengaged employees

  • @billB101
    @billB101 6 місяців тому

    I watched this and now I am a billionaire. Thanks Ken.

  • @Eden639
    @Eden639 9 місяців тому

    Great video and practical advice.

  • @rhwinner
    @rhwinner 9 місяців тому +3

    The first billion is always the hardest.

  • @paultexasusa
    @paultexasusa 7 місяців тому

    Thank You Ken.

  • @pomskylifenova7344
    @pomskylifenova7344 9 місяців тому

    Nice brotherhood reference with Schultz

  • @curtiskennedyjr8949
    @curtiskennedyjr8949 7 місяців тому

    2:21 Harry Mack in the house lol

  • @AndyB.-uf1ob
    @AndyB.-uf1ob 6 місяців тому

    Is that Harry Mack at 2:21???

  • @realestateauctioneer
    @realestateauctioneer 9 місяців тому

    Excellent advice. Thank you.

  • @SergioB-MakingMillionaires
    @SergioB-MakingMillionaires 9 місяців тому

    This inspires me to grow.

  • @professormr.doctor5442
    @professormr.doctor5442 6 місяців тому

    As a multibillionaire from Tonga, scalability is key to success

  • @doingcodythingsyoutube
    @doingcodythingsyoutube 9 місяців тому

    This is great. Thx Ken

  • @predator1820
    @predator1820 7 місяців тому

    Im overwhelmed

  • @lizbethloreto
    @lizbethloreto 9 місяців тому

    Hello From Seattle

  • @paulblomgren1015
    @paulblomgren1015 9 місяців тому

    Hi Ken. I’ve been watching you videos and appreciate your non BS approach. I own a 40 unit apt complex in Lakewood, CA that’s fully paid off. The rental income is awesome, but I’m looking to expand (outside of CA), but I seem to be procrastinating with high prices before and now high interest rates. What do you suggest 😂

    • @bigbaddms
      @bigbaddms 7 місяців тому

      borrow against your income stream. You should be able to get financing at 7% and use that to purchase properties in high grown areas, that will yield a lot more than that.

  • @DevMastery
    @DevMastery 9 місяців тому

    FWIW… Starbucks notoriously does not franchise. They own the majority of their stores and then “license” the rest (not the same as franchising)… doesn’t change the main points though, thanks for the info.

  • @robertosalazar5018
    @robertosalazar5018 9 місяців тому +2

    You can grow a company to be a $1B if you can convince the bankers to give you $100M !! If the bankers love your idea but they hate you they will make another version of your company and they will give it a $100M like Facebook! If the bankers love you more than they love your idea they will give you the money any way like adam Newman and his failed Wework company , banks love adam Newman so much they recently gave him another $300M to start another company!

  • @prudence_business
    @prudence_business 9 місяців тому

    Interesting🎉

  • @stefanesculiviu5230
    @stefanesculiviu5230 9 місяців тому

    What do you think will happen in 2027 with multi family market and investors when the gov will drop the depreciation to 0

  • @femonteron1923
    @femonteron1923 4 місяці тому

    Hopefully if there's a Billionaire in terms of cash so that's only and external happiness of a human being. And I hope that to all of this Billionaires has also a billions of kindness in their hearts that in this world nobody will live poverty and most specially nobody is beggars to all our surroundings asking alms just to survive . Hopefully as a billionaires you'd always be happy to do some charity works . So that our Heavenly Father in Heaven could feel happiness. ❤

  • @aschez348
    @aschez348 9 місяців тому

    The monopoly guy is missing his monacle

  • @MarkKoltkoRivera
    @MarkKoltkoRivera 9 місяців тому

    Not to nitpick, but it's important to realize that going from $1 million to $1 billion is _not_ "100x growth." Rather, it is __1000x__ growth.

  • @Olivialcoy
    @Olivialcoy 6 місяців тому

    Ken, are you looking to angel invest? 😂

  • @CoreyChambersLA
    @CoreyChambersLA 9 місяців тому

    Tell me in two 1 billion is 1000 X growth

  • @omarwahba4457
    @omarwahba4457 9 місяців тому +5

    Just FYI, 1 million to 1 Billion is a Thousand X growth

    • @GordonSin411
      @GordonSin411 9 місяців тому +1

      It proves that you don’t need to math to be a billionaire.

  • @sisayHabte-fe8jd
    @sisayHabte-fe8jd 8 місяців тому

    እንዳለ ሊባ እንጂ ምንም ስው ይለም

  • @Grovezy
    @Grovezy 6 місяців тому

    Brokies b like..."akshuly it's 1000x"

  • @calebplumleeoutdoors
    @calebplumleeoutdoors 6 місяців тому

    Apparently, you can just make up math as you go. Hell... I guess I already am a billionaire! Cool!
    At least that's more likely than someone who can make $1B spending time shooting youtube vids 🙄

  • @riverat7558
    @riverat7558 7 місяців тому

    If this guy was busy trying to grow his business I'm pretty sure he wouldn't have time to make all these videos. Somehow I think he's blowing a lot of smoke. Why? Because it's always about your p&l. And I don't hear him talking about that much. You got to have more p than l.

  • @Greg_Chase
    @Greg_Chase 8 місяців тому

    When I arrived at college in Berkeley, CA in the 1990s, there were no apartments. When a senior graduated and moved out, there were sophomores and juniors in line to take their apartment.
    "There are 30,000 students and faculty, why is no one building apartments here?" I wondered.
    I was too young to know the answer. I found out in economics class. "Price ceilings create shortages."
    I didn't make the connection when I heard that. Then later I found out that Berkeley imposed rent control in 1979.
    Apartment developers have their choice of where to invest, and can build apartments anywhere, in any state. So no one built apartments there. And sure enough, when I arrived in the 1990s, there was a shortage.
    We had to live in another town and commute to campus.
    The biggest threat to the public is - the elimination of incentives to build apartment projects. When the government eliminates the incentives to provide housing, the government had better start building "The Projects."
    Shortages in California got so severe, "statewide rent control" was imposed about 5 years ago, in 2019.
    In 1979, not just Berkeley lost their apartment market.
    - San Jose
    - Santa Monica
    - San Francisco
    - Los Angeles
    All those places have astonishingly bad homelessness problems, and an acute shortage of apartments.
    .

  • @jaredcrenshaw7665
    @jaredcrenshaw7665 9 місяців тому

    This dude's definition of growing to a billion dollar business is having a billion in debt.

  • @altafpatel610
    @altafpatel610 5 місяців тому

    Agar kisi ke pass billian dollar idea hai to message Karen