The Lazy Millionaire: I Own 40 Companies, But Don't Run Any Of Them
Synopsis
Step-by-step playbook for the 'lazy millionaire' model of owning 40 businesses without running any: deciding you're ready to hire a CEO, finding and diligencing the right candidate via a recruiter, the first 100 days, comp negotiation (uncapped bonus vs equity), and a 2x-not-20x return target.
Ideas in this episode
- Tuition negotiation service
Video covers The Lazy Millionaire: I Own 40 Companies, But Don't Run Any Of Them.
- Executive search / hiring firm
Lazy Millionaire walks through hiring a CEO before buying — diligence via recruiter, first 100 days, comp negotiation (uncapped bonus vs equity) on a 2x-not-20x return target.
- Small business acquisition (no experience required)