Neil Patel
š¤ SpeakerAppearances Over Time
Podcast Appearances
Well enough where he's pretty high up on the Forbes list.
And he always tells me I hang out with him probably like once every two months when he flies in.
And he always tells me he's like, don't take your company public.
He's like his biggest pain in the butt in my life.
And.
if i already have a cash flow system going i already have the management team i can make decisions on what i think is best for the company not what's best for a shareholder but really what's best for the company which usually you would think is best for the shareholder but because of quarterly earnings right and i know they're thinking about revamping that i know trump made that announcement months ago but i don't know what's happening with it uh you can't just do whatever you want like for example
My business spits off cash flow.
We have no outside holders.
In good economies, it's hard for me to buy more companies.
You want to guess why?
Everything is expensive.
So I'm spitting off a good amount of profit in a good economy and everything's expensive.
So it's hard for me to deploy the money.
In a bad economy, valuations, everything goes down, companies' growth rates go down.
It's the easiest time for me to pick up companies and I can pick it up for cheap.
But if I start spending all my money and more money than I should be spending, if I was public, people would be like, whoa, you're going a little too crazy there.
Slow down.
You got to watch out for quarterly earnings.
Your business growth rate's slowing down and you want to spend more money.
The markets would crush you.