Jan. 15, 2025
If you could start a business with zero risk, what would it be?
We’ve still had some holiday and non-holiday travel going on, so we’re dipping into the vault again for a One Good Question episode to fill the gap.
FRESH 2025 EPISODE NEXT WEEK.
A listener asked, “If you could start a business with zero risk,...
We’ve still had some holiday and non-holiday travel going on, so we’re dipping into the vault again for a One Good Question episode to fill the gap.
FRESH 2025 EPISODE NEXT WEEK.
A listener asked, “If you could start a business with zero risk, what would it be?” We had to make a call about whether this meant that you’d automatically succeed (boring) or it was with someone else’s money, and there would be no financial impact to you if it failed (kind of exciting – who doesn’t love OPM?). Personal service robots? High-end streetwear? Laundromats? Further, what kinds of businesses have the best (and worst) success rates?
Dean Saddoris @deansaddoris.ck is back for this one (and uses the word milady).
Join our Discord for free at goodcompanydiscord.com! Check out our gym (Third Street Barbell) at ThirdStreetBarbell.com https://www.thirdstreetbarbell.com/ and subscribe for updates about our apparel line at goodcompanyapparel.com https://3sb.co/! Local memberships and international fresh fits! Get early access to our NEXT DROP!
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WEBVTT
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All right, So welcome to Friday's episodes, Ladies and Gentlemen,
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where we're asking or answering all your questions as fast
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as we can in ten minutes. And we've got a
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couple interesting ones. One here, I think is up for interpretation.
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So I'm going to give you the rules. It says,
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if you could start a new business with zero risk,
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what would it be? So I assume zero risk means
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that you don't.
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Lose zero financial risk?
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Or does zero risk mean it's not your money? So
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let's oh, you guys can lay that foundation with me,
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and then I'll lead on.
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I say, what do you mean by lose? Though I
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don't I don't want to.
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Like so this says so if I so, yeah, either
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either we're going on the basis that it's someone else's
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money starting your business, okay, or we're going on the
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basis that you win no matter what.
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Oh, I'm gonna go with the ladder the first one.
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Okay, So someone will his money?
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Yeah, all right, then and then if you can't lose
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it and you just do whatever and then it works,
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and that's not interesting.
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So that's where So that's where I was going to
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make new rules. There okay, whether we're doing it for
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whether we're doing it for happiness or money. So let's
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go based on we're starting a business someone else's money funding.
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And that's the zero risk part.
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I got one.
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She got. It's a service where somebody deals with all
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the ship that you.
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Don't want to deal with personally, like a personal assistant.
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Like a person. A robot. Elon just made it, but
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a real like do the real ship jobs that you
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don't want to do. Sure, yeah, robots not doing your
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taxes yet we're there, Ai Jimbo five years. Robots can
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do everything we don't want to do. Well, No, I'm
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talking about physical task that too, a robot. Yeah, I
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don't know. Have you seen some of those motherfuckers are crazy? Yeah,
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but I mean I think Russia's got one that turns
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its glock sideways and bops.
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You swear to god.
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I saw old Twitter post about every other countries not
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a or sadly every other country's robots for war. And
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some are like China's dogs, you've seen them. Or there's
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some that are like swarms of drones. There's one's a
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nanodrone warfare thing. One's a nanodrone. You can't see it,
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hear it, and it'll go get recon and then rush
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I believe has an eye robot looking drone that's shooting
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guns like this like a video game.
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This terminator terminator in reality is going to have.
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That's good. Yeah, So show whether it's a robot or
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I mean, that job is possible, right, you just hire
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a bunch of assistance and then yeah, neat the task.
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Grab it or whatever, but like really shitty things.
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Yeah yeah, or you need skilled people to do so,
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and it almost has to be able to read your
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mind because you don't want to have to actually explain it,
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because explaining it is half the task. Oh, gym's ready
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for neurolink and a robot exactly what you got sebos
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I'll probably do like clothing or a restaurant, okay, yeah
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because of passions. Yeah yeah dope. So these this is
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lists have been going around in my head lately that
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show how dumb All three of us are four of
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us five businesses that are the highest failure rates need
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Restaurants eighty percent fail. Yeah, I'm gyms eighty one percent fail.
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Great construction forty percent fail. Doesn't seem that high. Hotels
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ninety percent fail, and retail, which I'm throwing you into.
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Seventy percent fail. Yeah, I've seen opposite of this the
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most successful, and that's what I'm opening.
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I mean, there's also a lot of fall through with
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a lot of those two people just not committing.
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Yeah, you gotta go forever. It never stops.
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It never stops like every day or a week from
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losing everything. Right, people don't realize that you've got to
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like brands and stuff.
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That's where I called like a hamster wheel for lack
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of better term. People talk about the hamster wheel with
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the corporate situation, but it's much more in our world
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where you're just constantly running. Yeah, there's no like, oh
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we're good, we can chill some of the highest then
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it's all gone. Some of the highest success rates, we're
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similar numbers like eighty percent success or more storage units,
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real estate investing, laundromats.
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I was gonna say for mind, real estate.
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Laundromats, nails nails, and I think the other one was
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car washes.
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So yeah, man, I got a buddy in the car
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wash game.
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Yeah, people crush. And my answer is the same as Dean's.
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Mine's probably going to be a real estate storage unit
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because a lot of people that invest in real estate
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drag in very low overhead or low human businesses with it,
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like a laundromat of storage unit. A lot of the
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guys invest in multiple I'm probably in that world too,
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especially if I got someone else's money.
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It's on.
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Yeah.
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Yeah, if I've got someone else's money, I'm going to
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do real estate because then you just hire the what's
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it called the property management company?
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You do it's like two hundred bucks a month.
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Yeah, you do nothing. Yeah. My other one like the cheapest.
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Thing on the planet.
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When I found out what it what it costs to
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hire a property management probably basically take care of everything.
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Roughly ten percent a monthly income. Yeah, depending on where
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you live and what they do, it's like no brainer. Yeah,
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I mean that's where it is.
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It's just yeah, that's yeah.
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I'm the same.
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Probably make them have the money work, make money work
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for you.
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You're passion sure, like a restaurant, you know, it'd be
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fun go hang in.
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Gra if there was no if that kind of goes
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back to the other side of it, there was no failure.
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If I could do whatever I wanted without and there
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it was going to succeed. Yeah, maybe like a high
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end streetwear brand or a super dope hot restaurant. Yeah,
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was gonna stay hot, stay relevant because the restaurant game, man,
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that's faster than the clothing game.
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No, it's harder to worry hot.
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You can be hot on Earth for two years and
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then people stop going.
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Yeah, but they're shutting down like five thousand Burger Kings
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or something. Yeah, it comes That's for the better. It
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comes down to the line, right, because if the line
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has to do with money, then I'm going into tech,
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not that I know anything about it, but I know
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that's got where you're making all your money. Right, I'm
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going into AI services or some ship if there's no
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risk to lose, because I don't know what I'm doing,
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but I know that's got the highest upside of money.
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Or I'm inventing the next Bitcoin or some shit. You know.
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But if there's passion involved in all the money, my
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salary is going to be the same. Yeah. Really, like
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a high end at leisure would be really fun, where
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if I have a whole team and they just do
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my ideas. I'm just the idea guy.
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You're the Kanye.
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Yeah, that'd be fun. Yeah, like a.
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Like a Yeah, you get a pure creative team. Yep,
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that'd be pure creative. Walk in the room me.
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And go talk about that a lot where you just
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show them, hey, this material, make it kind of look
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like this, and then they bring you thirty samples and
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you start to knit through.
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Yeah, that's the dream.
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That is what I do. But it's just cost me
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money and an insane amount of conversations and times.
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Yeah, it's different when you got like literally yeah, they
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got people bringing you ideas and then you're collaborating on
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like those that's like the Kanye level.
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Type like creation, like fun would be like the dream,
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right Ye. All right, So don't open gyms, don't open restaurants.
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Good luck to everybody out there. Dean, shout out my
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works and find you.
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At Dean's Doors. I c k or at Capanekuilo dot com.
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Subas Sebastian Underscore brand below on igh Ladies Job my
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new episodes Wednesday Friday, Good Company Discord dot com. I'll
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see you in there for like money community early access
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to all our drops and there's Shoe Barbaro talking about California.
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I'll see you in the gym. I am at the
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Jim mcdonne all the social media.
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This show is fifty percent facts or percent is the
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word in the fifty is just number?
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Is fifty percent facts is a Breaker Prime Podcast association
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with Iheartbati on the Obscure Celebrity Network and Want talk
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to you next time.
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00:04:27.959 --> 00:04:28.240
98
00:04:28.360 --> 00:04:28.560
99
00:04:28.759 --> 00:04:30.199
100
00:04:30.279 --> 00:04:33.040
101
00:04:33.040 --> 00:04:34.920
102
00:04:35.000 --> 00:04:36.360
103
00:04:36.439 --> 00:04:39.360
104
00:04:39.040 --> 00:04:39.560
105
00:04:39.560 --> 00:04:41.120
106
00:04:41.160 --> 00:04:44.199
107
00:04:43.920 --> 00:04:46.519
108
00:04:46.560 --> 00:04:49.360
109
00:04:49.680 --> 00:04:50.439
110
00:04:50.560 --> 00:04:51.680
111
00:04:52.079 --> 00:04:52.519
112
00:04:52.519 --> 00:04:55.199
113
00:04:55.279 --> 00:04:55.680
114
00:04:55.639 --> 00:04:58.680
115
00:04:58.720 --> 00:04:59.519
116
00:04:59.600 --> 00:05:01.839
117
00:05:01.879 --> 00:05:04.240
118
00:05:04.759 --> 00:05:06.439
119
00:05:06.600 --> 00:05:09.399
120
00:05:09.480 --> 00:05:14.360
121
00:05:14.680 --> 00:05:17.120
122
00:05:17.120 --> 00:05:18.240
123
00:05:18.319 --> 00:05:19.480
124
00:05:19.560 --> 00:05:21.519
125
00:05:21.519 --> 00:05:22.399
126
00:05:22.480 --> 00:05:25.279
127
00:05:25.360 --> 00:05:28.519
128
00:05:28.560 --> 00:05:30.560
129
00:05:30.560 --> 00:05:32.680
130
00:05:33.279 --> 00:05:34.720
131
00:05:34.759 --> 00:05:36.439
132
00:05:36.439 --> 00:05:39.560
133
00:05:39.680 --> 00:05:41.680
134
00:05:41.720 --> 00:05:43.399
135
00:05:43.439 --> 00:05:45.879
136
00:05:46.279 --> 00:05:48.360
137
00:05:48.439 --> 00:05:51.360
138
00:05:51.519 --> 00:05:54.240
139
00:05:54.240 --> 00:05:56.000
140
00:05:56.079 --> 00:05:57.720
141
00:05:57.920 --> 00:05:58.519
142
00:05:58.600 --> 00:06:00.399
143
00:06:00.480 --> 00:06:03.519
144
00:06:03.600 --> 00:06:06.879
145
00:06:07.680 --> 00:06:09.120
146
00:06:09.120 --> 00:06:10.959
147
00:06:11.000 --> 00:06:12.879
148
00:06:12.920 --> 00:06:13.879
149
00:06:14.079 --> 00:06:14.879
150
00:06:14.959 --> 00:06:16.639
151
00:06:16.720 --> 00:06:19.600
152
00:06:19.680 --> 00:06:22.560
153
00:06:22.600 --> 00:06:25.639
154
00:06:25.759 --> 00:06:27.759
155
00:06:27.639 --> 00:06:30.879
156
00:06:31.000 --> 00:06:34.439
157
00:06:34.480 --> 00:06:36.120
158
00:06:36.120 --> 00:06:36.800
159
00:06:37.480 --> 00:06:40.560
160
00:06:40.560 --> 00:06:45.120
161
00:06:45.160 --> 00:06:47.720
162
00:06:47.759 --> 00:06:49.720
163
00:06:49.720 --> 00:06:53.000
164
00:06:53.040 --> 00:06:54.480
165
00:06:54.639 --> 00:06:55.920
166
00:06:55.959 --> 00:06:57.959
167
00:06:57.959 --> 00:06:59.040
168
00:06:59.120 --> 00:07:01.680
169
00:07:01.800 --> 00:07:04.120
170
00:07:04.160 --> 00:07:04.680
