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Joshua B Lee – He Made a $1,300,000 Business Mistake Playing Blackjack at the Playboy Club in Vegas and Came Back with a Vengeance

Joshua B Lee

How He Made a $1,300,000 Business Mistake Playing Blackjack at the Playboy Club in Vegas and Came Back with a Vengeance

Joshua B Lee
 
 
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Most Popular to Share on Google+ and LinkedIN:

1)

100% Accountability

“100% accountability. The 1 thing I would take back with me to the start of my entrepreneurial journey is to take care of ‘me’ first. I advise you to take care of the 4 pillars of your life: health, wealth, relationships, spirituality. You have to take the reins on all 4 pillars and be accountable to get the outcomes you desire in each.”
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2)

Biggest Mistake

“My $1.3 million mistake. The biggest mistake I made was leaping before I looked. I didn’t do the proper due diligence before purchasing a software for $1.3 million while in the Playboy club at the blackjack table in Las Vegas. Not the best venue for a business deal.”
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3)

Failure Breeds Success

“Failure breeds success. I failed a lot. That’s why I am where I am today. If I hadn’t failed I probably wouldn’t have learned and wouldn’t be at the point I’m at today.”
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News Media Josh has been featured in: Forbes, USA Today, Inc Magazine, ReadWrite, NoobPreneur, Techli, The Verge, Small Biz Technology, CNN, NBC, CBS, FOX, ABC, Miami Herald, Boston Globe, San Jose Mercury News and hundreds of other newspapers nationwide.

Why listen to Josh:

He's done a half iron man and founded or owns an equity stake in 9 different private companies.

He's training to be on American ninja warrior TV show. They're doing tryouts in 2015.

Josh has also completed Spartan races as well.

In college he studied for a math and science degree. His experience with Cingular wireless caused him to change his major to business.

He was one of the youngest corporate account executives at Cingular wireless. He was making big money at a young age. This is when he realized there was tons of money in the business-to-business space, he had a knack for it, and it was his calling to be a major player and help people via business services and education.

Entrepreneur at the youngest of ages...

Starting in 4th grade, He sold candy out of his locker to his friends and classmates. His parents encouraged his entrepreneurial pursuits by taking him to Costco or Sam's, whichever big wholesaler was closer.

The mortgage industry

Next his journey took him into the mortgage industry where he was running a branch office in Austin TX. The owner asked him to start and run a branch out in California. He moved out there and was off and running.

He could see the writing on the wall because people who had bought their house for $200,000 would come in looking to refinance up over $700,000. They were living off cash out loans based on the appreciation of their homes. This was right before the real estate bubble burst.

Next the Star is born...

He moved into the online advertising industry...

This was a new up and coming industry.

It was the wild wild West.

There was tons of opportunity but very little oversight.

He hooked on with a growing company. Then the owner, who didn't know as much about the industry as he thought he did, got more involved in the day-to-day which tanked the company.

Josh had tons of industry contacts and talent in the industry trusted him.

This is when he started Leads and Feeds and his umbrella company LF media which has 7 different brands underneath it.

Most Popular to Share quotes:

1)

100% Accountability

“100% accountability. The 1 thing I would take back with me to the start of my entrepreneurial journey is to take care of ‘me’ first. I advise you to take care of the 4 pillars of your life: health, wealth, relationships, spirituality. You have to take the reins on all 4 pillars and be accountable to get the outcomes you desire in each.”

2)

Biggest Mistake

“My $1.3 million mistake. The biggest mistake I made was leaping before I looked. I didn’t do the proper due diligence before purchasing a software for $1.3 million while in the Playboy club at the blackjack table in Las Vegas. Not the best venue for a business deal.”

3)

Failure Breeds Success

“Failure breeds success. I failed a lot. That’s why I am where I am today. If I hadn’t failed I probably wouldn’t have learned and wouldn’t be at the point I’m at today.”

Purpose Driven

"At Cingular, in mortgages, online advertising, and now media and online education I've had lots of trials and tribulations. I share those experiences and the hard-won wisdom I've gained with entrepreneurs both new, young and those experienced."

Biggest Entrepreneur’s Mistake

"Biggest thing businesspeople forget -- consistently building their personal media brand. Nothing makes a sale happen easier or faster than authority. It's an investment but the upside is your competitors aren't doing it. It's your instant competitive advantage."

Favorite Part of my Entrepreneurial Journey

"Favorite part of being an entrepreneur -- the people I meet which lead to strategic alliances that allow me to affect massive positive change in the world."

"Do good in the world instead of riding the roller coaster that is chasing the money. You'll do better and be a lot happier. I've chased the money and the purpose driven... purpose driven wins."

CounterIntuitive —- things that worked

"Counterintuitive -- when the economy tanked one of the 1st things businesses cut was advertising. Despite this, my company grew because of our company culture. My clients and employees have my personal cell phone number. We strive to answer every call live or resolve the situation within 24 hours. No hoops to jump through nor robotic female voices."

"Counterintuitive -- look at why Jeff Bezos and Amazon bought Tony Hsieh and Zappos.com for over $1 billion. Tony instilled a culture of over-the-top customer service... so over the top you can call Zappos and talk to them for over an hour about what's going on in your life."

Biggest Myth

"Biggest myth -- young or inexperienced entrepreneur get sucked into the myth that you've got to go 100% all out, all the time. This is almost 100% effective causing burnout. They fear failure without this. The most successful entrepreneurs take time to relax, reset and refocus."

"My owner came in, took over, but didn't understand the industry as well as you think an owner would. There are 3 different types of people: owners, founders, CEOs. Many times when owners or founders get more involved in a growing company they tank it. You rarely find an owner/founder who's also a skilled CEO. There's a reason investors bring CEOs and salespeople in."

Passive Income

"Passive income -- look inside yourself. Your story can help others. You've overcome trials and tribulations. Package your experience and 'school of hard knocks' wisdom into an online course or book and help other people. You make money while you sleep and do good in the world."

"Passive income -- host a podcast. Once you have the podcast out there and it's running, it's scalable. Monetize each episode over and over each time you bring in a new listener."

News Media Josh has been featured in:

– Forbes
– Fox Business
- CNN
- ABC
– NBC
– CBS
– Fox
- Huffington Post
– Inc. Magazine
– Yahoo Finance
– Forbes
– Noobpreneur
– ReadWrite
- Techli
- The Verge
- Small Biz Technology
- Small Business Trends
- USA Today

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