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Dan Fleyshman

πŸ‘€ Speaker
5846 total appearances
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Appearances Over Time

Podcast Appearances

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

Oh, here's a bunch of websites. Hello, tech pack designer. I'm going to be paying the dummy tax because when I call them or I email them, they're going to charge me full price or more. When Vince and Damon John call them, they're going to get discounts and things for free and friendships and favors because Damon's been doing it for decades. Vince has been doing it for decades.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

Oh, here's a bunch of websites. Hello, tech pack designer. I'm going to be paying the dummy tax because when I call them or I email them, they're going to charge me full price or more. When Vince and Damon John call them, they're going to get discounts and things for free and friendships and favors because Damon's been doing it for decades. Vince has been doing it for decades.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

They have the experience. And so while I'm trying to figure out how to start a clothing line, and I'm like, should I order small, medium, large, XL, XXL, XXXL, XXXL? How many should I order? Should I order 3,000 samples or 1,000 samples? Wait, I only need 40 samples? I'm going to be paying the dummy tax. You know how I know? When I was 18 years old, I paid the dummy tax.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

They have the experience. And so while I'm trying to figure out how to start a clothing line, and I'm like, should I order small, medium, large, XL, XXL, XXXL, XXXL? How many should I order? Should I order 3,000 samples or 1,000 samples? Wait, I only need 40 samples? I'm going to be paying the dummy tax. You know how I know? When I was 18 years old, I paid the dummy tax.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

I paid $36,000 for 12 sweaters. When I was 18 years old, I paid $36,000 for 12 sweaters. And a leather jacket manufacturer charged me $21,000 for 12 jackets. Why? I was 18 years old. So they saw me coming from all the way. I had just done a million in sales. I was on pace to do 9 million in sales. And so we had some money, and I was a kid.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

I paid $36,000 for 12 sweaters. When I was 18 years old, I paid $36,000 for 12 sweaters. And a leather jacket manufacturer charged me $21,000 for 12 jackets. Why? I was 18 years old. So they saw me coming from all the way. I had just done a million in sales. I was on pace to do 9 million in sales. And so we had some money, and I was a kid.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

And I went to these manufacturers, bright-eyed and bushy-tailed, and they just overcharged me. And I paid the dummy tax. And then later it led me to my real manufacturer, Christopher Wicks, who I'm still friends with today. And he was the guiding light to help me with every little detail to save me 10 cents on things.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

And I went to these manufacturers, bright-eyed and bushy-tailed, and they just overcharged me. And I paid the dummy tax. And then later it led me to my real manufacturer, Christopher Wicks, who I'm still friends with today. And he was the guiding light to help me with every little detail to save me 10 cents on things.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

Every little reason why the plastic should be this way, why the box is this way, why is the hanger this way. By the way, quick side note, if you sell to Walmart and your hanger is facing left instead of right, they'll charge you 25 cents per unit. So if you ship them 120,000 units, they just send you an actual bill to pay them back 30 grand because your hanger is the wrong way.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

Every little reason why the plastic should be this way, why the box is this way, why is the hanger this way. By the way, quick side note, if you sell to Walmart and your hanger is facing left instead of right, they'll charge you 25 cents per unit. So if you ship them 120,000 units, they just send you an actual bill to pay them back 30 grand because your hanger is the wrong way.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

So every little detail you learn in this example where Damon and Vince, for example, are having the experience is why books are important. It's why masterminds are important. It's why video courses and YouTube. There's so much information for free that you can consume to help you not pay the dummy tax.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

So every little detail you learn in this example where Damon and Vince, for example, are having the experience is why books are important. It's why masterminds are important. It's why video courses and YouTube. There's so much information for free that you can consume to help you not pay the dummy tax.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

The last question is related to charity. Why do you think it's important for people to have a charity philanthropic part of their company, their brand, or with their employees? Why is it important for the culture to have some type of charity component?

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

The last question is related to charity. Why do you think it's important for people to have a charity philanthropic part of their company, their brand, or with their employees? Why is it important for the culture to have some type of charity component?

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

So where can people find you? This is going to be a lot of different companies. Where can they find you, your companies, the charity? Just give us the quick breakdown.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

So where can people find you? This is going to be a lot of different companies. Where can they find you, your companies, the charity? Just give us the quick breakdown.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

All right, guys, really, really important to have discussions with your friends, family, and followers about money. We all grew up thinking it's rude to talk about money. I think that's ridiculous. You have to have discussions about accounting, taxes, loans. What happens if I don't pay this? What happens if I borrow money from my friend and I don't get a contract? Should I split the rent?

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

All right, guys, really, really important to have discussions with your friends, family, and followers about money. We all grew up thinking it's rude to talk about money. I think that's ridiculous. You have to have discussions about accounting, taxes, loans. What happens if I don't pay this? What happens if I borrow money from my friend and I don't get a contract? Should I split the rent?

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

Should I split the bills? It's real life. Bills are your real life. Medical bills, insurance, these are all part of your daily life. So you have to have discussions with people around you from your past, present, and your future about money things so that you can be ahead of the curve and you don't pay those dummy taxes.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci πŸ“ˆ EP113

Should I split the bills? It's real life. Bills are your real life. Medical bills, insurance, these are all part of your daily life. So you have to have discussions with people around you from your past, present, and your future about money things so that you can be ahead of the curve and you don't pay those dummy taxes.