The Expert's Guide to Investing in Online Business | Matt Raad

In this episode, Matt Raad shares his unusual journey to financial independence through buying and selling online businesses. Matt was the first in his family to skip the 9-to-5 job and go directly into business for himself. With his wife, Matt learned to talk to us about the advantages of online businesses and how he and his wife leveraged their strategies to attain financial freedom.

3 Key Takeaways:
1. Cash Flow First: Filter out all the noise about what to focus on in business and focus on cash flow. This alone will lead you to success.

2. Online Businesses Offer Unique Advantages: Learn to leverage the internet for higher profit margins, geographical flexibility, and the ability to reach niche markets without the constraints of traditional brick-and-mortar operations.

3. Believe in Yourself: Matt and his wife knew from an early age that they didn’t want to work in a regular job, but it took vision, grit and determination. It’s more important to believe in yourself than to get the “right” opportunity.

Chapters:
00:00 Introduction and Background
00:38 Financial Independence through Buying and Selling Online Businesses
04:19 Lessons Learned from a Manufacturing Business
05:15 Passion for Buying and Selling Businesses
06:17 Advantages of Online Businesses
09:12 Cash Flow First
10:14 Mentoring and Online Courses
25:58 Book Recommendation: How to Win Friends and Influence People

Connect with Matt Raad:
Website: www.ebusinessinstitute.com.au/
Linkedin: www.linkedin.com/in/matt-raad/
YouTube: www.youtube.com/@digitalinvestorshow
Facebook: www.facebook.com/MattandLizRaad