STOP Wasting Time Brandon Stevens' Proven Business Formula REVEALED! 📈 E95
The Money Mondays
Deep Dive
Why did Brandon Steven decide to build a 28,000 square foot membership club in Beverly Hills?
The project started as a suggestion for a bar on a patio and grew into a membership club due to the need for a private space for his business meetings and celebrations in Beverly Hills.
How many health clubs and car dealerships does Brandon Steven own?
He owns 74 health clubs and 21 car dealerships.
What is Brandon Steven's advice for entrepreneurs considering starting a business?
He advises against starting a business unless one is prepared for the long-term financial commitment and stress, emphasizing that most people should not be entrepreneurs.
What is the budget for Gravitas Beverly Hills, and how much did it actually cost?
The initial budget was $11.4 million, but the final cost ended up being $37 million.
What is the membership fee for Gravitas Beverly Hills?
The initiation fee is $2,500, and the annual membership fee is $5,500 per person, with an additional $7,500 for a spouse.
How does Brandon Steven approach investing in other people's businesses?
He avoids investing in other people's businesses, focusing instead on his own ventures where he has confidence in his team and processes.
What is Brandon Steven's philosophy on charity and giving back?
He believes in hands-on charity work rather than just writing checks, finding it more rewarding to see the impact of his efforts and involve his team in volunteering.
What is the significance of the travertine floor in Gravitas Beverly Hills?
The floor is designed to scale the streets of Beverly Hills, with lines representing the city's layout and names of streets, reflecting the club's location.
What does Brandon Steven mean by 'I Started With Everything'?
He means that he was fortunate to have a strong family foundation, work ethic, and values instilled in him from a young age, which he considers his greatest assets.
How does Brandon Steven plan to involve his children in his business legacy?
He has already involved his children in the family business and charity work, ensuring they inherit the same values and work ethic he was raised with.
- Started working in the car business in his teens.
- Currently owns 74 health clubs and 21 car dealerships.
- Opened his first health club in 1994 and his first used car lot in 1995.
- Gravitas, his Beverly Hills club, started unexpectedly from a casual lunch conversation.
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