Buying Companies and Real Estate with Joseph and Jasmine Mims, Ep. 317

Today we are talking to Joseph and Jasmine Mims. They are the owners of Abundant Culture, a private equity investment company that buys funds and grows small businesses.

Let’s dig in to learn more about their inspiring story, how they managed to succeed with no experience starting out.

If you are interested in multifamily and want to review a sample deal, check out our special download of a sample deal package on casmoncapital.com/sampledeal, and join our mailing list to get tips on exclusive investment opportunities.

[00:01 – 12:02] Opening Segment 

• Let’s welcome Joseph and Jasmine to today’s episode.
• They share their background and what led them to start Abundant Culture.
• What they did to take action.
• How they overcame hardships.

[12:02 – 22:45] Abundant Culture

• Creating an opportunity out of thin air.
• Building your confidence.
• Joseph and Jasmine talk about how Abundant Culture came about.
• Why culture is important.
• What they look for in a business opportunity.

[17:18 – 37:33] Evaluate a Company

• Why the financial payout and culture are very important.
• Why is there little competition? 
• How to find opportunities to buy a business.
• More about the Abundant Culture Fund.
• Why you shouldn’t let lack of experience dictate your actions.
• How to connect with Joseph and Jasmine

[37:33 – 41:20] The Bullseye Round

Apparent Failure:Not being able to find a job.

Digital Resource:Marketing 360

Most Recommended Book: The Wealthy Franchisee

Daily Habit:Running

Current Curiosity:Implementing more technology in their businesses like AI.

I Wish I Knew When I Was Starting.That you can borrow experience.

Best Place to Grab a Bite in Chicago:Lou Malnati’s Pizzeria

How to connect with Joseph and Jasmine.See links below

Tweetable Quotes:

“I don’t think that people should let lack of experience dictate what they do in business.” – Joseph Mims

“Life is like a trail of brick rums and at the end of the day what’s in your control is just picking up the next brick rum.” – Joseph Mims

You can connect with Joseph and Jasmine at https://abundantculture.co. 

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING AND REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.