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Ryan Hanley

πŸ‘€ Speaker
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17619 total appearances
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Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

Um, a lot of, uh, I'll use insurance as a microcosm, but being that every state operates differently, has different regulations, different rules.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

I mean, really Montana to Connecticut to Texas, it's in some cases, insurance is only a name.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

Is it similar in the

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

budding insurance entrepreneurs in particular will come to me and ask me about that.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

I, you know, it's funny, I never framed it the way you have, which I love that around the 15%.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

And I don't know what that would be for insurance.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

But, you know, that's one of the things that I tell them is do not run into states that force you to do things too much differently too fast.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

So depending on what state you come from,

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

you know, that kind of dictates which States you can go to first, because, um, what's funny is like, and this is all contextual and probably, I don't even know.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

It's probably not even interesting, but, uh, like if you come from New York, right.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

Um,

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

California, Chicago, and obviously I'm just naming liberal states, so that's probably why.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

Connecticut, they're very similar in the way that they operate and your operations will be able to translate.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

But if you're in New York and you think you're going to operate the same way in Florida, you are sadly mistaken.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

I mean, it's almost a completely different business.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

And I think a lot of people...

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

These are the types of details that I think separate the entrepreneurs that seemingly make it and those that don't.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

And I guess my question for you there is, how much of this do we need to have our head out in the future, thinking about, brainstorming around, researching, etc., versus...

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

Just situational awareness in the moment and seeing kind of playing the game on the field as it comes to us, if that question makes sense.

Finding Peak w/ Ryan Hanley
The Billionaire Case for Small Bets

I would like to pivot for a second.