What would you do as an entrepreneur if you went from generating millions of dollars a year to going bankrupt and then being scammed by your manufacturer for $200,000 just as you're getting back on your feet?
In this episode, we explore the remarkable true story of Gold Coast businessman, Tim Dawson, who lived this experience, but instead of just giving up, he picked himself up multiple times, to get to the point where he is now, doing $20M/year selling shower grates and owning factories across China and Taiwan. Tim's story demonstrates entrepreneurial excellence and is a story of grit and determination. 🔥
In this episode, we explore:
👉 Tim going from bankrupt to $20M/Year
👉 How Tim built his business Lauxes Grates
👉 Tim getting scammed in China and building his own factory
👉 The importance of financial habits
👉 How Tim went from 0 - 2000 distributors
Be sure to check out Tim's company 👉 lauxesgrates.com/
00:00:00 - TRAILER + INTRODUCTION To Episode 11
00:03:36 - Meeting Tim Dawson
00:05:01 - Tim's Business Results Right Now
00:07:42 - Looking At Tims Websites
00:08:23 - Why Tim's Product Was Better
00:09:24 - Tims Background before launching Lauxes
00:11:14 - When Tim's World Came Crashing Down
00:17:57 - How Did Tim Rebuild From Rock Bottom
00:18:56 - Your Network Remains Even When You Are Broke
00:20:25 - How Tim Found The Right Products
00:21:43 - Tim Trying To Do It All When He Started
00:24:01 - Moment Tim Knew He Needed To Change
00:27:55 - Financial Habits That Tim Has Implemented Now
00:31:37 - The Importance Of Mentoring + Education
00:33:01 - From Bankruptcy To 20 Million Dollars
00:39:50 - How Tim Got His Customers Through Cold-Calling
00:42:51 - 132 Hour Weeks For Tim & Missing Balance
00:44:04 - Tim Loves A Challenge
00:47:35 - How Tim Got To 2000 Distributors
00:48:35 - The Difference Between Wholesale & Distribution
00:53:01 - You Need To Give The Business Time
00:53:01 - Tims Factories In China getting robbed for 200k
00:57:44 - Taiwan Factory Supporting The Global Arm
01:01:12 - Timeframe to Build Factory In China
01:03:58 - Patents For Products In China
01:06:11 - Why Not Just Quit Then
01:09:05 - Was Entrepreneurship In The Family
01:10:33 - The Future For Lauxes
01:15:01 - Why The First 5 Years Is Difficult
01:16:14 - Tim Setting Up His Life & Plans In America
01:18:40 - Tim On Spoiling Himself With An EV
01:22:35 - OUTRO For Episode 11
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25 июл 2024
