Video instructions and help with filling out and completing Form 2220 Topic

Instructions and Help about Form 2220 Topic

So recently I shot a video called ten things to do before you become an entrepreneur and one of the points was learning how to research because in the world of business there's a lot of research you're going to have to be here's why because the better you are at gaining the information to make a sound decision minimizes risk increases return which is exactly what you want as a business owner because it gives you a longer span to be in business so today I'm gonna explain to you how I research I've been researching for very long time and eventually even get better at this game but it's very very important by the way there's three different reasons why people typically will do research one of them will be for pure fun and entertainment for instance we're at a restaurant last night in Miami it's 10:30 at night all of a sudden conversation comes up about the greatest basketball player of all time think no one's going to make money off this that's for entertainment that's just for talk the second research we do is for self education I want to know more because I want to be educated for me this is not let me express my point why I believe Tom Brady is the greatest not Joe Montana or whatever that debated self education I'm just going to for myself number three reason why you and I will do research is we want to make a better decision marriage business whatever it is finances we want to make a better decision so know which levels of research there is out there having said that let me get into Hawaii a process of my own way of research and think number one choose the topic what's the topic marriage buy real estate or rent a home uh you know politics sports whatever it is move when we wanted to move to Texas that's our topic we want to move to Texas why do we want to move to Texas so that's that's the topic step number two what are you solving for what are you solving for for instance I'll give you an idea what I mean by this let's just say you are thinking about real estate well what are you solving for are you solving two for income you want to have a long term income so you want to buy properties you have a lot of income for twenty thirty years from now because you want all these you know properties is it for flip because you want to buy and sell and make shirts or money is it equity is it partnership is it to go into business with somebody because you want to figure out a way to do other business with them long-term what are you solving for so that's the first question you got to ask yourself on that what are you solving for for sports this is for kicks let's just say let's figure out who's the greatest basketball player of all time what are we solving for it who has the longest lifespan that I can bring him in and he can be a face of my team for 20 years is it a person that I can count on last minute to take the shot who's got the killer instinct is that the guy that knows how to mess with the other guy's head to make them lose and this guy beat them is it a guy that can go out there and dominate a game and win it no matter what it is and have a great season or stats what are we solving for right so and then becomes relationships are you solving because you want to marry this girl you saw them because you want to date this girl you're solving because what do you want to do so you're figuring out what you're solving for number three number three years go get as much data and stats as you can possibly get I had a guy that was afraid of getting married I said why are you afraid of getting married says everybody gets a divorce around me go get the data what causes it why does this happen get the stats get some data last night the whole thing about the greatest of all time so you step number one what are we what's the topic NBA's greatest player of all time number two what are we solving for what player had the longevity that performed won championships etc etc here's stats last night typically people talk about Michael Jordan and LeBron James right now the debates coming up and used to be Kobe it's no longer Kobe but last night I pulled up criminal go Jabbar this guy was on 19th season all-star he shot free throws 72 percent as a guy that big 72% free throw his last nine seasons listen to the stat his last nine seasons not one season that he played less than 70 games which means he never got hurt this guy averaged 16 17 rebounds in his first five six years career I think the 11.9 teen point average he was 26 27 career six MVP six championships I mean all these stats that comes up with that so I'm gaining the stats right real estate if I'm wanting to buy let me get the stats on I want to buy a house in Austin I want to buy commercial real estate in Austin what is my returns between Houston and Austin what is the stats here what does the trends look like what is the projectory look like who's moving to the city which cities attracting more companies which cities attract them or headquarters which city has the middle America families just earlier today a grant and I were talking grant has nearly grant cardone and I were talking I'm in Miami