The document outlines different types of businesses to start based on the level of skill and capital needed, ranging from consultant work which requires low capital but high skills, to buying a laundromat or self-storage which require high capital but low skills. It also provides tips for business owners, emphasizing the importance of recurring revenue, online presence, referrals, sales focus, and managing expectations. Finally, it notes skills that founders need include operating recession-resistant businesses, raising prices and technology.

1. Businesses to get started – skill needed vs capital needed
• Lo capital hi skill
Consultant, Productized
Service, Product As A
Service
• Lo capital lo skill
Auto Detailing, Power
Washing ( cars, houses),
Landscaping, Cleaning
• Hi capital hi skill
SAAS – Software as a
Service
• Hi capital lo skill
Buy Laundromat, Self
Storage

2. P - Profit / Protect your Margins
R - Recurring Revenue
O - Online Presence
M - Mouth to Mouth - Referrals / send text message after service. Law of 12 - 1/12 is the success rate in referrals
I - Interpersonal - get first business by your close network
S - Focus on Sales
E - Expectations / Google Reviews
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B - Buy a business in (cash minting business/ not cash burning)
R - Recession Resistant sector
R - Raise Prices
T - Raise Technology

3. Skills Founders need

4. Skills Founders need