Ask A Billionaire

Welcome to Ask A Billionaire # 49. This is the first non-live recorded webinar. Mr O and I took one question, that came in over the week and answered it in depth.
The question was as follows: 
I've heard you say before that buying a distressed business is like buying distressed real estate. Can you talk about that more? What do you look for through the bad to find the value? What red flags do you look for? How would you negotiate with that business owner?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

As always, the recluse billionaire Mr. O and I take live questions from attendees.
This week we are answering the following questions:

Question #1:
Have you ever separated from a partner in the middle of a deal? If you did, were you able to complete the deal or did it all blow up?

Question #2:
Do you see a path for the city of Las Vegas to keep being prosperous if the water runs out of Lake Mead?

Question #3:
Why do you hide yourself from everyone?

Question #4:
What is your favorite definition of success?

Question #5:
Businesses in the past few years have inserted the triple bottom line. Do you have any words of wisdom on how to make sure you get good results in all three?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

As always, the recluse billionaire Mr. O and I take live questions from attendees.
This week we are answering the following questions:

Question #1:
What should my number one priority be in my business? 

Question #2:
It looks like we are going into a" bear market", and the recession is on the horizon. What advice would you share for entrepreneurs and business owners to be successful on the down market? 

Question #3:
I know you're a recluse, but you've owned a lot of businesses. Can you share some of the industries that you have experienced in?

Question #4:
How often do you challenge your beliefs?

Question #5:
When you work with veterans, what are the strengths that you see in veterans that I should tap into to become successful in business?

Question #6:
Under what circumstances would you consider taking on a distributorship?

Question #7:
when you're looking for land to buy, what are the features that you have to have? And what lack of features is a no go for you?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

As always, the recluse billionaire Mr. O and I take live questions from attendees.
This week we are answering the following questions:

Question #1:
Any thoughts on how you keep your business successful without focusing on a “profit at all costs” philosophy?

Question #2:
I’ve been thinking a lot about the skills I bring to the marketplace. They’re valuable but not as valuable as being good at business. How do you believe you can expand your skills as a business person or become good at business?

Question #3:
What do you think about people who don’t have a business purchasing an established business? What are the key things you look for in the P/L of a business and how do you generate an offer?

Question #4:
If you’re going after buying a profitable business without using a broker, how would you go about finding the deal flow of a potential seller in an industry?

Question #5:
How do you get in the head of potential customers for a new or current business?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

As always, the recluse billionaire Mr. O and I take live questions from attendees.

This week, however, we did it a little differently. Mr. O dives into the 13 Standards of Knowledge and explains through examples on how to use them. These Standards of Knowledge have helped him become a billionaire and they can enrich your life as well. This is part 3.
Standard of Knowledge covered today are:

11. Mechanics And Power Of Your Thought Process:
To develop and take advantage of the ultimate power of mental thought processes like the minds that create and develop the great patents of our time. Mental Gymnastics. Mental Mechanics.

12. Reinventing Yourself:
Designing, understanding, re-creating, structuring your Essence and Persona to
become whatever you wish and be perceived as you wish. Lifestyle access.

13. Your Cadre:
At will, To develop and command a financially self justifying structure of productive associates.

We also covered the following questions:
Question #1:
In my business (actors, not producers), who would you consider part of my cadre?

Question #2:
What are your guidelines on building growth in your businesses? Is there a certain percentage in growth that you want to make every year or quarter?

Question #3:
How do you know you're getting better at reading people and how do you know you're becoming more persuasive?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

As always, the recluse billionaire Mr. O and I take live questions from attendees.

This week, however, we did it a little differently. Mr. O dives into the 13 Standards of Knowledge and explains how other heavy hitters use them. These Standards of Knowledge have helped him become a billionaire and they can enrich your life as well. This is part 2.

7. Powerful And Creative Concept Development:
The ability to create a concept out of thin air, on your own, and take it to fruition in all aspects and turn it into tremendous cash. Make an effective analysis of a current concept and make changes for success.

8. No Fear Of Negatives:
The ability to make any negative work in your favor, to the point that one will actually welcome and not fear negatives.

9. The Tremendous Power Lurking In You:
Personally being a recognizable and powerful force to all.

10. Become The Top In Your Field (A Magnate) And Draw People, Deals, and Money To You (A Magnet):
When desired, being a Magnate and a Magnet. Creating the essence of a true heavy hitter, causing opportunities to find you so that you can pick and choose what you want in life.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

As always, the recluse billionaire Mr. O and I take live questions from attendees.
This week we are answering the following questions:

Question #1:
How hard is it for people to take you seriously since they are talking to a black screen?

Question #2:
 Is there a sure fire way that you have to save time during the day.  Are there items that you have others handle for you that waste your time?  I feel like all I do is menial tasks in my business and can’t seem to get the time to focus on big picture stuff.

Question #3:
What practices from how business was done in the past should still be used today?

Question #4:
What are some tips that are beneficial for success negotiations from your business experience? 

Question #5:
How do you deal with the volatility in the markets?

Question #6:
What is the difference between an ally and just a business associate to you? How does that work with number 13?

Question #7:
Is being too competitive a bad thing in business?

Quesstion #8:
Do you have any philosophy concerning competition in one's business industries? I'm constantly trying to figure out how to stand out above my competition!

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.
We are answering the following questions:

Question #1:
Why is “hard work” not mentioned in the Standards of Knowledge?

Question #2:
Can money buy you happiness in your experience? What are some of the problems you experience having lots of money?

Question #3:
What do you think about Buffet not wanting all the Bitcoin for $25?

Question #4:
What is your opinion about franchises?

Question #5:
How can I find good help with no money to pay a quote-unquote good salary?

Question #6:
What luxury perks do you make available for yourself being as wealthy as you are?

Question #7:
How much interaction do you have with the employees of your businesses?

Question #8:
How do I approach a wealthy person and have them want to listen to my elevator pitch?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.
We are answering the following questions:
Question #1:
What is the most powerful way to change mindset to accept success?

Question #2:
What should I do with what I have to grow wealth?

Question #3:
As a billionaire, what do you do mostly use:  cash or credit? Does it matter as a billionaire?

Question #4:
You shared a desire to follow what Elon Musk does to dedicate five minutes  to a topic or decision. What is the context for when or how you would apply that practice?

Question #5:
Do you think America is on the decline compared to China on the world stage?

Question #6:
I have a bunch of business ideas I don't know how to take to fruition. Is there a method that I should use to make them happen?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.
In this episode, the following questions are discussed:
Question #1:
What are the top 3 core values that you personally live by?

Question #2:
What is the best advice you’ve ever received about making money? And is it something that you actually use yourself?

Question #3:
How do you look at risk vs reward?

Question #4:
Explain #4: Controlled Maximum Motivation, the on/off button.

Question #5:
What do you do to keep yourself motivated in business when you don't have to work anymore? 

Question #6:
If there was one thing that you could narrow down that the average person doesn't do or know about creating wealth, what is it?

Question #7:
When working 10 hours plus at a time, what do you do to maintain a quality of work?

Question #8:
In your businesses  are you the person who pushes innovation and new ideas, or is that something you allow managers and other leaders to do?

Question #9:
How do you ensure that you come up with the best return on investment for anything you put your own capital into?

Question #10:
Is there a difference between working with friends and working with business associates.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.
At the end, Mr O addresses a client, who disrespected him via a rudely written email.  It does not matter who you are, your clients do not dictate the tone of how they treat you - you do!

In this episode, the following questions are discussed:
Question #1:
How do I sell investors on a specific return, if the investment isn't something that they are passionate about.

Question #2:
Do I need to find capital investors who have the same passion as I do for my startup?

Question #3:
What are your thoughts on investors about giving up equity in return for money?

Question #4:
What are 3 questions you would ask contestants, who are trying to win funds for their business?

Question #5:
What would Mr. O say is the top five profitable uses for land?

Question #6:
What is the best route to brand your business? 

Question #7:
Wouldn’t it be more efficient giving a website developer a set of goals and a broad brush, then tweaking the final product in discreet iterations?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.
Questions in this podcast are as follows:

Question #1:
Are remote employees good for business?

Question #2:
What was the planned strategy used for Mr O’s first land acquisition and what was the exit strategy?

Question #3
How to become a Super Ninja?

Question #4:
How do you get money from investors?

Question #5:
How do you stay sharp in business?:

Question #6:
How do you get rid of procrastinating?

Question #7:
Should you invest in NFTs or buy land in the Metaverse?

Question #8:
Thoughts on Elon Musk buying the largest stake in Twitter?

Question #9:
Can you build wealth from investing in life insurance?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.

Questions in this podcast are as follows:

Question # 1:

What are the first 5 thing Mr. O suggests to becoming an Industry Leader?

Question # 2:

What are Mr O’s thoughts on Mackenzie Scott giving away her fortune to charities? And what does Mr O think are worthwhile causes to donate to?

Question # 3: 

What personality / business traits does Mr O look for in people he considers working with?

Question # 4:

What should you be aware of to become more persuasive?

Question # 5: 

How can I start from nothing or very little money to build wealth ASAP?

Question # 6:

What do you hire out to employees or contractors?

Question # 7:

How does a person’s mindset show up in the way they do business or handle money?

Question # 8:

How do I work with trusts/ trustees?

Question # 9:

How honest is too honest?

Question # 10:

What are some common personality traits in people, who have achieved  100s of millions of dollars?

Question # 11:

Is there a specific strategy for owning houses in multiple countries other than parking money?

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.

Plus many more questions that were answered from a billionaire’s perspective.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.

Plus many more questions that were answered from a billionaire’s perspective.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.

Plus many more questions that were answered from a billionaire’s perspective.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.

Plus many more questions that were answered from a billionaire’s perspective.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.

Plus many more questions that were answered from a billionaire’s perspective.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister

In this episode, the recluse billionaire, Mr. O and I take live questions from attendees.

Plus many more questions that were answered from a billionaire’s perspective.

Nowhere else can you get mentorship from a billionaire on a weekly basis other than this podcast and the ENIGMA Mastery Group!

Checkout the Thirteen Standards of Knowledge:  https://www.enigmamastery.net/13sok

If you're a small business owner and would like to apply for a free business analysis by Mr. O; send an email to ADMIN@ENIGMAMASTERY.NET.  Type "FREE BUSINESS ANALYSIS" in the subject line.

To attend a live podcast recording and have the chance to have your business questions answered live by Mr. O, register here:   https://www.enigmamastery.net/podcastregister