Ted Dhanik
speaker
84 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Ted Dhanik’s voice in public audio — every appearance, attributed to the second.
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Appearances
My whole mantra in life is about adding as much value as I can to every customer, client, relationship, partnership, friendship, you know, whatever it is, as much value as you can add without expecting a lot in return. Now, I don't look at it like, yeah, what can I do to make a bunch of money? What can I do to add a bunch of value and where I could add value?
You know, eventually I'll become valuable, right? That's the that's really the key. That's why I've been able to win so much.
So you look at your business, right? So if you start generating revenue, you start generating business for yourself or some sort of asset, you know, like some personal net worth. And you start looking at opportunities. And I get this all the time. Like, where should I put my money? Yeah, crypto, altcoins, like real estate. Like, what should it be? Well, you start looking at the returns.
Now, I, you know, we've... We've been in crypto. We've, you know, we've done that. I've been in crypto since 2014 or 13, and I bought a lot of stuff then and never sold any of it. So it just kind of sits there. I never looked at it as a revenue stream. Now, the investment side, you got three things, right? Yeah. One, you got to generate revenue for yourself or generate income.
Second, you got to save. And third, you have to invest it. Right. So and that's really it really is that the investing side should not be something that you depend on. in terms of income. It has to be something that if you lose your fund, if you generate income from that, it's fantastic.
Now, the rate of return, I weigh everything to looking at like Bitcoin and looking at real estate investments and other opportunities, even my own. So I could go out and raise money for my business or I could take my own cash and turn it. And what kind of return do I get from my own business? What kind of returns am I getting?
So for the last few years, my business, my personal businesses have been returning me much more cash than anywhere I can put it. So I've been just investing in my own business, you know, from that standpoint. Now you should diversify for sure. I have real estate portfolio. Um, it does well, but it's not typical. It's not what most people have in real, in terms of real estate.
They're not leasing out their prop. They're leasing out their properties for longterm. I did the exact opposite. I run my real estate portfolio like a hotel. We re we rent them out every single night, short term rentals. And I, I return a lot more profit and revenue that way. Um, it just, it's just been a better business for me from that standpoint.
So, you know, it's a bit different for, for everyone, but I look at it very differently.
So we have coaches for everything. You know, it's kind of funny because people are always hiring us to coach them into something and some sort of consulting. And we have the experience. So why not? Right. We've done some things and we've been successful at it. So we are qualified to be a consultant. Right. Or, you know, a coach of some sort. Right. So it's fantastic.
Now, who got me to where I am today? a bunch of different coaches and mentors and people that have been really successful at what they've done. I have a book, it's called Winning by Osmosis, and it literally talks about how you should be aligned with people that are bigger than you, and very specifically, aligned with people that are better than you at the exact things that you want to be good at.
Now, you and I have been doing this religiously forever. We literally align ourselves with, I want to be really good at short-term rentals, so I'm going to go find the guys who are crazy crushing it, and I'm going to try to add some value in their lives and align myself with them.
Now, whether it is some sort of an exchange and I'm mentoring them in something, they're mentoring me in something, or I'm paying them for their time to coach me, you know, it is critical. That is, I would say, we spend a lot of money on coaching ourselves, you know, a lot of mentoring and coaching, whatever it is.
Our time is money, whether I'm contributing my time to add value to somebody's life so they can teach me the game or I'm literally paying them. But I would tell you that that is the fastest way to get in any game and win. The end win part is the most important part.
Sure, so this is funny that Dan asks me this because he's the youngest guy to take a company public in history and he told me not to do it a long time ago but I did not listen to him and I don't know if I should have listened to him at this point but I will tell you one thing, I'm gonna do it again because we have this unique talent And not a lot of people do.
Taking company public, going through the fire, walking through coals. It's like not Tony Robbins coals. The coals are actually on fire. You're walking through that, and then somehow you feel accomplished, even though you get beat up every single day. You feel really accomplished because it's really hard to do. But you do gain this thing called accountability, which is unparalleled.
No one has the kind of accountability that we do because of Sarbanes-Oxley and SOX compliance and all this other stuff and auditing and everything else. So it's really interesting. But to answer your question, Yes, I would do it again. But I decided to do that because there's a gentleman who taught me the game.
He taught me how to acquire companies without any capital, without any cash at all, selling a dream. And he had the biggest dry cleaning operation in history. It was called U.S. Dry Cleaning. He did a big roll up and then eventually did dry cleaning. I mean, they eventually did a grilled cheese truck. Anyway, so he needed some value from me. So he wanted me to help him market Grilled Cheese Truck.
And so he came to us as a client and I learned everything from him. And he taught me how to sell a dream. And basically what it was, was basically I was acquiring companies. Sorry, LA Times article about this many years ago. But I acquired, I rolled up $100 million worth of tech companies for zero cash. And I did it with selling a dream.
So I went to these companies, these startups and a variety of different companies and basically said, hey, we're looking to go public. We're going to roll this whole thing up and all of us are going to share the upside in a public exit. And it worked and it did really well.
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