rob rowsell

 

Rob Rowsell shares how to build a successful company from the ground up. Rob built a multi-shop auto repair business and invested his wealth wisely. Eventually, he cashed out and sold his business, transitioning to a passive residual income. Here’s how he did it.

Build a Successful CompanyBuild A Successful Company – Step By Step To An Extraordinary Business

Rob starts out the discussion by introducing us to a five point strategy to build a successful company. This takes in all of the phases, from purchasing the business all the way to cashing out and retiring into a new life post-ownership. Here are Rob’s steps to business success:

Intelligently Invest Your Active Income

Congratulations! You now own a business. Chances are you are working the counter and doing other jobs as you establish the systems and processes your employees will follow. Ideally, others will handle all of the day to day operations once you are more established. Meanwhile, you need to be socking away whatever cash you can from your active income. Opportunities will come along to increase that income as your business grows. As your income increases, your investments should, too. Rob goes into great detail about those investment opportunities in our monthly Zoom meetings. Are you serious about growing wealth as you build a successful company? You owe it to yourself to join the ATL Community.

Pay Yourself Tax Efficiently

There are many tax benefits to owning your own business. You must pay yourself first, but don’t take chances. Make sure you consult with your CPA regularly to find legal tax advantages. The more money you can keep, the more you can invest.

Build a Successful Company by Using Active Income to Build Your Net Worth

Your business is an active income machine. It’s easy to keep escalating your lifestyle as the money rolls in, but avoid going overboard! A few Community members also have worked in the auto repair industry, and can attest that it is a great bang for buck investment. When you purchase and renovate an automotive shop, the revenue will soon pay you back.

Grow Your Company’s Value

Business growth is always an unrealized gain. Therefore, it is extremely tax efficient. Over time, you could very well 10x the value of your business from the purchase price over the years. This could be done by opening more locations and finding new revenue streams. You will not take a tax hit on the value of that business until you eventually put the business up for sale.

Transition to Passive Residual Income Over Time – The Final Step to Build a Successful Company

There are many opportunities to invest your active income. If you play the money game right, you can eventually replace your active income with regular passive residual income. Eventually, that means you can retire and live off of mailbox money derived from your investments. Remember, to build a successful company is only one part of the financial journey. The end goal is to eventually work yourself out of a job!

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

Today, Rob Rowsell is a successful entrepreneur. It wasn’t always that way, however. Once, he was homeless, living on the streets, and being in jail more than he was out of it. Rob then stumbled into rehab. By the grace of God, he recovered from his addictions to alcohol, crystal meth, and cocaine. Once he got sober, things changed.

Rob went from buying an auto repair shop with zero money out of pocket and growing his business to five shops, and eventually realizing his $10-million exit plan. Rob is now a successful entrepreneur, investor, and author of the book ADDICTED TO LIFE! How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.

When you join today’s conversation, you will be inspired by Rob’s heartfelt stories of both struggle and redemption.

Successful Entrepreneur Rob Rowsell

Successful Entrepreneur Rob Rowsell

Here are some power takeaways from today’s conversation:

  • [01:50] Rob’s $10-million exit strategy
  • [05:57] Investing in real estate education
  • [10:13] What he learned from his wealth advisor
  • [15:39] Rob’s addiction and recovery story
  • [17:03] How he ended up buying an auto repair shop despite having zero money out of pocket
  • [20:39] The law of exposure
  • [25:44] When the pain to stay the same is more than the pain to change
  • [31:16] Sustaining a marriage through it all
  • [38:11] Why you can’t outgive God
  • [45:48] The Boston Marathon story

Notable quotes from this successful entrepreneur

“We can only handle so much. If God somehow revealed to us everything we needed to know to get from A to Z, then we wouldn’t even begin the journey. So I just began the process.”

“The law of exposure says that you are what you hang around. Whatever you hang around, you will become.”

“For any change to happen in your life, you’ve got to be done with the old life, the old behavior, the old habits –  so bad, that the pain to change is less than the pain to remain the same.”

You can’t outgive God.

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Join The ATL Successful Entrepreneur Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful entrepreneur in your corner like Rob is a must! Sign up today!

Carm Capriotto interviews rob on this compelling 2019 episode of Remarkable Results Radio.

Show Summary

Rob Rowsell is a shop owner and author who is an inspiration to the automotive aftermarket. His story of the transition from a homeless individual to a recognized success is a story fit for the ages. He owns Family Auto Service in La Mesa, CA. His 4 shops employed 50 plus employees and 2 of those shops have revenues of $2 Million annually. His success is an inspiration to the automotive industry and built on resilience.

Rob authored the book “Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time”. It is an easy read with chapters mean to relate to the ordinary person. It is a guideline of building blocks on how to improve your leadership along the way. Addiction affects at least ⅓ of our population. If you don’t know a thing about addiction or you need to learn how to deal with a peer, loved one or yourself, this interview is for you.

A very candid and authentic story of challenges and overcoming obstacles, this episode will not disappoint.

Read more on the Remarkable Results Radio blog