S3E42 - David Alexander - From having food thrown at him to owning 23 businesses

My next guest has owned 23 businesses including one business where a customer chucked a burrito at his head. Moments like that made him say “You know what, maybe this business isn’t for me.” He’s been through the good, the bad, and the ugly and now has a ton of experience to help other business owners avoid mistakes and achieve their dreams. In this episode, we break down some of his major lessons learned as well as some of his biggest wins. As we talk through what works and what doesn’t work in business, we lead up to the company he’s building today which is a membership business model. He’s big on building businesses with recurring revenue and high retention. Please welcome David Alexander. Key Timecodes (00:57) - Show intro and background history (05:27) - Deeper into his background history, failures, and successes (09:04) - Lessons learned from the failures (16:18) - A bit about a franchising business that he sold (23:43) - Understanding his Trustegrity business model (29:39) - A bit about the numbers of his business model (32:31) - The importance of networking (36:40) - How investing in stocks can help entrepreneurs (47:24) - What is the worst advice he ever received (48:28) - What is the best advice he ever received (49:39) - Time machine question (51:50) - Guest contacts Payback Time Podcast A Podcast on Financial Independence. Hosted by Sean Tepper. If you want to learn how to escape the rat race, create passive income, or achieve financial freedom, you came to the right place.