Dave Lukas Chats with Casey Cavell
324: The 70/30 Secret to Successful Entrepreneurship with Casey Cavell
This week’s Misfit Entrepreneur is Casey Cavell. Casey is a serial entrepreneur that started his first business at 21 and then went on to start, buy, or invest in over two dozen businesses over the last 15 years, worth over $17 million.
Because of his success and selling some of his businesses, he followed his passion to help other entrepreneurs by creating Legacy 4:12 an entrepreneurial team of advisors, mentors, investors, and experts who are called to serve the growth-minded entrepreneur.
If that is not enough, Casey has been an investor, advisor, and influential figure in the NFT community, assisting project founders and community leaders. Casey is a member of the Bored Ape Yacht Club, VeeFriends, Gutter Cat Gang, and several other high-profile NFT communities.
This is one of those interviews where we can cover the whole realm of the entrepreneur spectrum and I look forward to doing just that.
www.Legacy412.com (Free workshop)
Casey grew up with an entrepreneur father seeing the freedom that his dada had. But, he also saw the ups and downs. He knew he could learn from his dad’s experience, so he studied them and got the entrepreneur bug. Casey went to college to play baseball, but got hurt and decided to play and compete in Texas Hold’Em. He studied the game and starting out lost his money. But, realized that the game is really about longevity and the longer you can stay in, the easier it is to win. You are not playing against the casino, you are playing against other players, so your odds are better.
It's the same in business. If you develop a good strategy and surround yourself with the right people, you can succeed. He went to do very well playing Hold’Em and became the youngest player in the World Series of Poker. But he realized he didn’t want to work for money – he wanted his money to work for him. So, he started investing in businesses. As Casey says, he is a “turnaround guy.” He takes businesses that need to improve their systems and processes and works with them. He did that heavily for about a 10 year period and in 2011, he was able to exit one of his businesses and follow a passion to own a sport business. He bought a franchise called DBat in Atlanta, Ga. He did it buy simplifying the business model, taking care of his customers and taking care of his employees.
But he got burned out. He was doing everything and needed to remove himself from the day to day. It was at this time that he learned about the EOS Model and found an integrator to partner and help him run the business. This allowed them really scale and spend less time in the business.
At the 7:30 mark, we talk about the EOS model and the importance of the Visionary/Integrator duo.
How were you able to start, buy, build and run 20 businesses over 15 years?
Any type of business that you gravitate to more than others?
How do you find your businesses that you buy or invest in?
Once you have invested in or bought a business, besides the EOS framework, are there any other processes or systems you have found that are important to implement?
What is the reason most businesses fail?
Thoughts on the long game?
Building a team is one of the most important things you can do. Talk to us about what we should know?
Step by step process to position a business to stand out?
How does a business create the unique offer that gets people in the door?
How does an entrepreneur remove themselves from a business?
What other lessons can share from your entrepreneur journey?
What surprised you the most on your journey to this point?
What is your best advice for entrepreneurs just starting out?
Misfits, it’s not often that I come upon a truly unique business that grabs my attention and shows me a completely new way of creating a side-income or even a 6-figure income with very little effort on my part. In fact, most of the time, opportunities that promise this type of experience are too good to be true and don’t pan out. But there are ones that do, and I found one in Ecom Automation Gurus.
EAG offers turnkey passive income e-commerce businesses in the e-commerce and YouTube industries.
It is truly done for you business management. They create your e-commerce store, select the best products in the most demand according to their proprietary processes and manage all of the sales and client support for you. With YouTube, they create and manage pages that generate income from advertising. And when I say, “done for you,” I mean done for you. They handle product research, product listings, customer support, optimization, full client support for you the business owner.
EAG has helped many clients add an extra $100 up to $100,000+ a month in passive income. You're the owner and EAG is the contractor and the way they make money is they get a percent of the profits earned. This gives them all the incentive to maximize your sales and keep them growing.
In fact, I like their model so much that I am customer, and I can say the experience has been awesome!
And after my experience, I wanted to share EAG with you the Misfit listeners. And I worked with them to give you a 15% discount off any of EAG's services. All you have to do is go to www.ecomautomationgurus.com and mention My name or The Misfit Entrepreneur podcast on the booking page when you schedule a call.
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.
And when you see a billionaire investor with a great track recording building a position in a company, it’s something to take notice of. That is exactly what is happening with Eric Sprout of Sprout Capital Partners right now in Silver Mountain Resources, ticker symbol AGMRF. Right now, silver and precious metals are poised to do well in weathering the current economic storm and Sprout knows it calling it one of the best opportunities in the markets.
Silver Mountain Resources owns Reliquias, a silver asset with 81MN historical ounces and is run by South America’s most successful mining dynasty. At its current valuation, investors are paying $0.16/ounce of silver which is extremely cheap.
I’ve always loved precious metals like gold and silver as a store of value and a hedge against inflation and have traded many companies like Silver Mountain who have appreciated hundreds of percent. While no one can guarantee that will happen with Silver Mountain and I am not giving your financial advice (you should consult with your financial adviser), I do see great opportunity for the company and looks to be at a big discount to value.
To learn more about Silver Mountain Resources and stay up to date with the company’s success, go to https://agmr.ca/
Consult your financial adviser and check out Silver Mountain Resources today!