Dave Lukas Chats with Todd Randall
303: Secrets of a Successful Lifestyle Entrepreneur with Todd Randall
This week’s Misfit Entrepreneur is Todd Randall. Todd is a serial entrepreneur. He is an 8-time CEO and business coach from rural Florida who has built businesses in in everything from gyms and spas, to construction and wholesaling. Todd still owns 4 businesses running all of them remotely doing over $6 million a year in revenue.
He is the founder of Beachview Coaching and uses his experience to train business owners how to create sustainable businesses. His specialty is helping small business owners create the lifestyle they desire from the success of their business instead of creating a 100 hour/week job for themselves. Oh, if that is not enough, Todd owns a horse farm in Florida and flies around the world playing polo in different countries.
It's rare to find an entrepreneur with the diverse experience of Todd and I’m excited for him to share his lessons with you.
Search Real Business Coaching in Facebook
Todd is a classic example of an entrepreneur who didn’t fit the mold. He started out as a pharmacist and worked for 10 years at McKesson throughout the world. But, after a decade he wanted to have a bigger impact and ended up buying a franchise. He used his hobbies as an excuse to create his lifestyle. He’s a grinder and has worked himself into his diversity of businesses, but has kept his focus on having the lifestyle he wants.
Talk to us about your businesses. What are they?
How does someone build their business to support their lifestyle instead of being beholden to their business?
Do you have any businesses where you’ve outsources to VA’s?
Any best practices on scaling and running a business a well?
At the 12 min mark, Todd talks about his 5 pts for empowerment.
What challenges come up with multiple businesses? What have you learned to do that well?
Advice for those that want to follow a path like yours in leadership?
At the 29 min mark, Todd talks about how he had imposter syndrome when it came to entrepreneurship because he prefers to do it for having the lifestyle he wants vs. striving for more in some cases. His business is exactly the right size for what he wants to do.
How did you come to know exactly what you wanted?
Best advice on how to exit a business?
What has traveling around the world playing polo taught you about how to succeed and run a better business?
Misfits, you’ve no doubt heard of Shopify before, but it you haven’t checked all the platform does for you, you’re missing out.
It is designed for anyone to sell anywhere, giving entrepreneurs like myself the resources once reserved for big business - customized for my needs - with a great looking online store that brings my idea to life, and tools to manage my day-to-day and drive sales.
It will do the same for you. Making your idea real opens endless possibilities; it’s a journey but that's the beauty of entrepreneurship – but we don’t have to make it unnecessarily hard on ourselves. Years ago, when I started my first online businesses, it was crazy. I had to piece everything together with different platforms, etc. It was like a Frankenstein. I would have done anything for a solution like Shopify and that is why I love it so much. I love how Shopify makes it easy for anyone to successfully run their own business and they power millions of entrepreneurs just like me and you - from first-sale to full-scale.
Every twenty-eight seconds a small business owner makes their first sale on Shopify. And you can get started easily by building and customizing your online store with no coding or design experience, access powerful tools to help you find customers, drive sales, and manage your day-to-day. Even gain knowledge and confidence with extensive resources to help you succeed. Plus, with 24/7 support, you’re never alone. More than a store, Shopify grows with you. This possibility, all powered by Shopify.
And right now, Shopify is giving Misfit Listeners a 14-day FREE trial. Just go to www.Shopify.com/misfit (ALL LOWERCASE)
Misfits, you’ve heard me talk about my trading and investing many times. I’ve been in the game for almost 20 years and have taught thousands of students all over the world my strategies. One thing I have always looked for are trends that are a good opportunity for investors.
Recently, I was introduced to an opportunity that may be positioned very well for the times we are in, especially in a rising rate environment with talk of recession making stock and bond markets more volatile. In fact, after some research, I saw that the largest investment firm in the world, Blackrock, who manages almost $20 Trillion is invested in it. The company is called Goldmining Inc, ticker symbol GLDG.
GLDG operates gold mining operations throughout the world and was smart to purchase its gold resources during the recession for pennies on the dollar. In fact, the company owns the equivalent of 32 million ounces of gold at an average cost to them of $4.30 per ounce. As a comparison, similar deals at the same time were closing at an average of $50 per ounce! Now, with gold approaching all-time highs, GLDG is poised to reap the benefits.
I’ve always loved gold as a store of value and a hedge against inflation and have traded many companies like GLDG who have appreciated hundreds of percent. While no one can guarantee that will happen with GLDG and I am not giving your financial advice (you should consult with your financial adviser), I do see great opportunity for the company and the fact that Blackrock is involved tells me I am not alone. Analysts are currently saying the company is undervalued and has tremendous upside potential.
To learn more about Goldmining Inc. and stay up to date with the company’s success, go to www.GLDGnews.com and search the ticker symbol GLDG wherever stocks are found. Consult your financial adviser and check out GLDG today!