[Undercover Billionaire] Glenn Stearns

The protagonist, who owns assets worth 2 trillion won, goes to a completely unfamiliar place with an old truck, a smartphone, and $100.

He challenges himself to build a $1 million business within 90 days.

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He seems confident that his past methods will still work today.

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Mr. Kim Woo-joong also seems to have said something similar to the protagonist in the past.

(Because I can see the flow of money, I can make money well even if I start over).

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"Stage 1"

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In the beginning, he engages in simple labor to raise seed money.

The protagonist does things like making t-shirts, selling pet supplies, etc.

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Stage 1 requires a relentless input of time and labor.

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It's a universal formula, regardless of time or culture.

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"Stage 2"

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Using the capital accumulated in Stage 1, he now starts buying and selling things.

1. Scrap tires, 2. Used cars, 3. Houses

"Find the buyer first =

Understand the needs of the consumer and provide them with solutions that address those needs."

It seems like a principle that can be applied to any endeavor.

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"Stage 3 "

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1. Using the capital from Stage 2, he strives to build a system where money generates itself in Stage 3.

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The key point in Stage 3 is

to hire the right people and delegate tasks to them.

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Actually, if you successfully complete Stages 1 and 2, your livelihood is secured.

Most salaried workers get stuck in Stage 1 and never progress to Stages 2 and 3.

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You can progress through each stage sequentially or jump straight to the next.

The worst thing you can do is to remain stuck in 'Stage 1' forever.

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The core of Stage 3 is to build a system (delegating authority and responsibilities) and then detach yourself from it.

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In any case, you need to have 'Find the buyer first' as the fundamental basis for all stages.