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In this video I’m looking at two mental models about how we should approach opportunities and take advantage of them to live happier more productive lives.

During the video there are segments from my Deep Dive interview with Bobby Seagull. To see the full interview with Bobby on Nebula, sign up to CuriosityStream – https://curiositystream.com/ali and use the code ALI at checkout to get free access to Nebula.

Timestamps:
00:11 Door Knockers vs Window Openers
06:30 Return On Luck

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📔 Effortless Output with Roam Research – https://go.aliabdaal.com/course/roam
📓 Building a Second Brain – https://go.aliabdaal.com/course/basb

🎙My weekly podcast – https://www.youtube.com/c/notoverthinking
My brother and I host a weekly podcast where we discuss happiness, creativity and the human condition. You can find it by searching “Not Overthinking” on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc).

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WHO AM I:
I’m Ali, a junior doctor working in Cambridge, UK. I make videos about medicine, technology, productivity and lifestyle design. I also have a weekly podcast with my brother (https://www.youtube.com/c/notoverthinking), and I write a weekly email newsletter that contains some quick thoughts + links to interesting things (https://aliabdaal.com/newsletter/).

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If you’d like to talk, I’d love to hear from you. Tweeting @AliAbdaal directly will be the quickest way to get a response, but if your question is very long, feel free to email me at hi@aliabdaal.com. I try my best to reply to things but there sadly aren’t enough hours in the day to respond to everyone 😭

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Kenneth Orme started K.O. Towing in 2019 with a single truck. In the 3 years since, he’s grown to 4 trucks and a total monthly revenue of ,000. We’ll find out how he did it in today’s interview.

This video is sponsored by TailorBrands. Use code “upflip40” for 40% off at check out! Click here https://tailorbrands.go2cloud.org/SH6B to get your business started today!

Before starting K.O. Towing, Kenneth worked as a Journeyman Machinist and welder. When the shop he’d worked for went out of business, he took the opportunity to become his own boss and bought his first tow truck. He added the second just before the start of the pandemic, and has continued to grow over the past 2 years despite those added challenges.

Today, Kenneth shares his advice for how to start a tow truck business from the ground up. We’ll find out how much it costs to start a tow truck company and what kind of equipment you need before you start. Along with towing, his company offers roadside assistance and transportation services for customers, and Kenneth will share why it helps a tow truck business to include these options, and what systems and supplies you need to do so.

Rather than start with a business loan, Kenneth leveraged his personal credit to get started with a lease-to-own truck. We’ll hear why that was the best option for him, and other tips for starting a towing business with little to no money. He’ll also share how he connected with his first customers and established his reputation for quality service in the Tacoma area. As a 24/7 business, K.O. Towing needs reliable employees to function smoothly. We’ll find out how he hires and manages his staff to maintain consistent service quality.

Resources:
https://bit.ly/4fybQN0 – Start or Grow Your Business with UpFlip Academy
https://www.kotowoing-tacoma.com – Find Out More About Kenneth’s Business

Timestamps:
0:00 Intro
0:58 Meeting the Owner of KO Towing
2:01 Tips on Finding Your First Customer
2:58 How To Break Even in This Business
3:48 Public Clients vs Private Clients
4:52 Most Profitable Towing Services
5:54 The Must-Haves To Get Started
7:29 Scaling into the Hundred Thousands
9:21 Required Expenses To Know About
10:26 Tips on Starting a Business with No Money
11:30 Successful Advertising Strategies
13:05 System and Processes
13:44 The Tool Every Towing Company Needs
14:20 What Makes KO Towing Unique
15:18 The Trick To Avoid Failure
15:53 How To Make a Presence Online
17:16 How To Solve Common Business Problems
18:20 Blitz Time with Ken!
19:09 The Key Pieces You Need On Your Truck
20:34 The Average Work Day
21:43 Advice on Finding Perfect Employees
22:43 What Ken Earns Per Tow
23:32 What It’s Like to Operate 24/7
24:32 How To Motivate Yourself
25:12 Financial Tips for Starting a Business
26:14 How To Double Your Revenue
27:00 The Key To Keeping Customers Loyal
27:32 How Ken Got Through The Pandemic
28:38 Where Ken Got His Experience and Knowledge
29:24 The Busiest Time for Towing
30:47 Tips on Reputation
31:22 Choosing The Perfect Service Area
31:52 Ken’s Advice for Beginners

#towing #towtruck #towtruckbusiness

One of the reasons I wrote the book How to Start a Towing Company was that I made many mistakes when I first started out.

https://thetowacademy.com/towing-company-information-products/

And I wanted to help you to avoid these same mistakes. I want you to do it the right way.

Initially, I was more of a technician (like from the book The EMyth) than an entrepreneur with a business mindset.

But over time, I learned from my mistakes and made a lot of money.

Anyway, I mention my book because I get a lot of emails from people in and outside the industry who have questions, and the answers are in the book.

Here’s a question I got the other day.

“I was just on your website. What are the general requirements when starting a towing company? We want to get started right away.”

My reply:

“Depending on the type of towing business you start and the location, the requirements will vary. But what I have here for you would be a good place to start.

Licensing and Regulations:

Learn what the necessary licenses and regulations you need to comply with when starting your towing business.

These are dependent on the type of business you start and where it’s located. Consensual towing versus Non-Consensual Towing, or a combination of both.

Parking enforcement (AKA impound towing)? Working with law enforcement? Heavy-duty towing?

These are questions that must be answered before you can know what types of licenses you’ll need to acquire as well as what regulations you’ll need to abide by.

Next is…

Equipment and Investment:

Once you have the licensing and regulations determined, you can get a better understanding of what type of tow trucks and equipment you’ll need to start a towing business and what the estimated initial investment will be.

For example, if you’re running a consensual towing business out of your home, your investment may be as small as ,000 for a used flatbed tow truck.

However, if you’re operating a non-consensual towing business, you’ll need a secure lot and possibly a 24-hour facility, depending on the regulations in place.

So, you’ll need to lease or buy property and have additional staff.

And, of course, you’re going to need insurance.

Insurance Requirements:

The types of insurance you’ll need will also be dependent on the type of business you start.

While you’ll need Comprehensive Collision, Liability, On-Hook, and Cargo insurance for both consensual and non-consensual towing, you’ll also need Garage Keepers Insurance for vehicles that are kept on your property.

And you also want to get Worker’s Compensation Insurance for your employees.

Of course, other types of insurance can be helpful, such as loss of income insurance, but they are not required.

Then, you’ll want to do a comprehensive analysis of the market you’re entering.

Market Analysis:

You’ll want to ensure that the location where you start your business has sufficient demand. I always suggest that you seek out an area with at least 40,000 people within a 10-mile radius.

If you’re in a rural area, even if you’re close to an interstate, you better understand that the number of people who need towing or roadside assistance will be substantially less than if you’re in a major city.

Also, if you live in a depressed area, there may not be sufficient demand for your services. So, before you pull the trigger and start your business, ensure the folks in the area you choose have the means to afford your services.

The Last thing I’ll say on market analysis for now is don’t be discouraged if you see other towing companies operating in the area.

While you might assume that the area has too many competitors for you to start, seeing other towing companies is a good sign that there’s sufficient demand for your services.

Besides, your goal is to differentiate your business from all the others.

Once you’ve figured out where you want to set up shop, the next highly important piece of the puzzle is to determine how you’re going to get customers.

Client Acquisition and Marketing:

How will you acquire customers?
Many startups believe they can rely solely on work from motor clubs or auction houses, but they quickly learn that these companies pay much less than cash-paying customers. This is where we help our clients with online marketing, including SEO and Google Ads.

There’s much more to unpack, but I hope that helps.
Thanks”

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From the series Your Time is Now comes a T.D. Jakes sermon that will help you capitalize on the opportunities God gives you. Watch as Bishop Jakes and The Potter’s House present “This Is Your Opportunity.”

T.D. Jakes begins his message by emphasizing that the opportunities God gives you are beyond your comprehension and cannot be measured. A big opportunity may come from a seemingly small place. Bishop Jakes points to the miracle of the five loaves and two fish – something small that ended up feeding thousands. Don’t overlook or minimize the opportunities God gives you.

T.D. Jakes opens our eyes to the magnitude of God’s purpose, plan, and vision. His message is one of hope and expectation – that God wants more for us than we could ever imagine. He wants to “revolutionize” how we think, move, and function. He wants us to focus on the opportunity – His plan and purpose – and eliminate what holds us back: negativity, fear, false limitations.

Satan, on the other hand, would have us focusing on our failures rather than finding fulfillment from these God-given opportunities. Don’t miss your moment.

Watch as Bishop Jakes expands on this topic with biblical examples and offers encouragement for your future. Break the chains holding you back from divine blessings. Watch “This Is Your Opportunity.”

Stay connected with The Potter’s House and find more T.D. Jakes sermons and special messages via our YouTube channel.
#LearnHowGodGivesYourOppurtunities #WhatIsTheMeaningOfGodsPurpose
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For all the fear and panic that’s out there with the #coronavirus I also think there’s opportunity. Maybe you have been wanting to spend more time with your kids, perhaps there’s a book you’ve been wanting to read or write, maybe there’s a side hustle you have been wanting to pursue but never had the time? Regardless of what it is, there’s an opportunity out there if you are able to change your #mindset

What’s your #opportunity?

#entrepreneur #career #business #personaldevelopment #entrepreneurmindset #entrepreneurlife #positivethinking #success #happiness

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The Utah Business Portal will be available to Utah businesses beginning July 2020.

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There’s a ton of companies out there claiming to have the best smart business card, and I bought all of them. From Dot, Linq, Popl, Mobilo, OVOU and Wave, All with different features, their take on how sophisticated a card should be, and then how that look and feel should translate to the custom website you get when tapping on them with your phone, or scanning their QR code.

Cards Mentioned in Video:
Linq Card: https://buy.linqapp.com/discount/vittortech?redirect=%2F%3Fafmc%3Dvittortech
Dot: https://dotcards.net/collections/all-products
OVOU: https://ovou.com/product/ovou-card
Popl Card: https://popl.pxf.io/Jz34nQ
Mobilo: https://www.mobilocard.com
Wave: https://bit.ly/3yqDp6P
Ekster Wallet: https://partner.ekster.com/vittortech

Business Card Profile Links 🪪
Wave Profile: https://app.wavecnct.com/app/profile/dan.vittorini
Mobilo Profile: https://link.mobilocard.com/social_profile/WFGNl8hm32hhirytZPJXhbp2s1o1
Popl Profile: https://poplme.co/hash/TTfQElke/1/s
Linq Profile: https://linqapp.com/danvittor?r=link
Dot Card: https://dot.cards/vittortech
OVOU: Ovou.me/Danvittorini

YouTube Chapters:
0:00 – Intro
1:00 – Dot Card
4:17 – My Top Wallet Choice
5:11 – Linq Card
9:16 – Popl Card
12:53 – OVOU Card
16:03 – Wave Card
18:10 – Mobilo Card
22:10 – Business Card Awards 👑
23:19 – Cheat Sheet
24:13 – Next Steps

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Just got my new NFC Business Card from Tap Tag. It’s made out of bamboo and links to https://terryleewhite.info which is the page with all of my social media links and contact info. You can get yours here: https://taptag.shop/products/bamboo-nfc-business-card?sca_ref=1763419.OhpmmdABk6&sca_source=short

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NOTE FROM TED: This talk contains a discussion of violence and warfare. We’ve flagged this talk because it falls outside the content guidelines TED gives TEDx organizers. TEDx events are independently organized by volunteers. The guidelines we give TEDx organizers are described in more detail here: http://storage.ted.com/tedx/manuals/tedx_content_guidelines.pdf

War is hell, but war is also a brutal teacher. War teaches you about brotherhood, honor, humility, and leadership. In this riveting talk, Jocko Willink explains from personal experience how war teaches you the most when things go wrong. Jocko asserts that when a team takes ownership of its problems, the problems get solved.

JOCKO WILLINK is a decorated retired Navy SEAL officer, author of the #1 New York Times bestselling book Extreme Ownership: How U.S. Navy SEALs Lead and Win, host of the top-rated Jocko Podcast, and co-founder of Echelon Front, where he is a leadership instructor, speaker, and executive coach. Jocko spent 20 years in the U.S. Navy SEAL Teams, starting as an enlisted SEAL and rising through the ranks to become a SEAL officer. As commander of SEAL Team Three’s Task Unit Bruiser during the battle of Ramadi, he orchestrated SEAL operations that helped the “Ready First” Brigade of the US Army’s First Armored Division bring stability to the violent, war-torn city. Task Unit Bruiser became the most highly decorated Special Operations Unit of the Iraq War. Jocko returned from Iraq to serve as Officer-in-Charge of training for all West Coast SEAL Teams.

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx

http://www.XFTfueltreatment.com – Check out Xtreme Fuel Treatment and this great business opportunity to make money when people fill up their car, and everyone will save money on gas!

The guys in this video have 40 million+ viewers of their reality show of Jungle Gold, from the makers of Gold Rush. Scott and George from the show have discovered an amazing opportunity that is just starting to explode worldwide.

There are distributors in Africa making over k/mo while they help others save money and realize their dreams.

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Larry Kudlow remembers former FOX Business and CNN host as the ‘inventor of cable business television.’

Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
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Bloomberg Live Business News

Programming schedule (EST):
12:00 AM – 5:00 AM: Bloomberg Global Business News
5:00 AM – 6:00 AM Bloomberg Brief
6:00 AM – 9:00 AM: Bloomberg Surveillance
9:00 AM – 10:00 AM: Bloomberg Open Interest
10:00 AM – 12:00 PM: Bloomberg Intelligence
12:00 PM – 2:00 PM: Balance of Power
2:00 PM – 5:00 PM: Bloomberg Businessweek Live
5:00 PM – 6:00 PM: Balance of Power
6:00 PM – 12:00 AM: Bloomberg Originals

#bloomberg @markets #business #stockmarket #stocks #investing #bonds #investment #money
#news #new #politics

==

Bloomberg Global News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.

Subscribe and turn on notifications so you don’t miss any videos from Bloomberg: https://tinyurl.com/ysu5b8a9

Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

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#markets #business #news
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