173: Making $1M at 16… Then Losing $15M?! Scott Oldford Tells All - 8FE

This episode is part of the 8FE (8-figure entrepreneur) series, where we talk to entrepreneurs who have already passed the million-dollar mark. Is your business ready for investors? This week on Beyond A Million, Brad sits down with the serial entrepreneur and investor Scott Oldford to talk about bootstrapping, raising money, structuring deals, and breaking through the 7-figure ceiling.  Scott, whose entrepreneurial journey started way back when he was a kid, is now one of the world’s leading business advisors and mentors. He’s created powerful frameworks for scaling online businesses and has helped hundreds of founders push past 7 figures. Today, he’s here to help you do the same. Tune in!  — Key Takeaways: 00:00:00 Intro 00:01:43 Taking other people's money 00:10:18 How Scott approaches raising money  00:15:35 How Scott lost $15M 00:24:09 The impact of a personal brand 00:28:48 Making $1M at 16  00:37:32 The harsh truth about efficiency  00:41:59 The six-pillar framework and problem awareness  00:54:11 Unplugging for 6 months  01:01:54 Learn more about Scott  01:03:06 OBO and newsletters  01:09:43 Outro — Additional Resources: 🔹 Scott’s website: https://scottoldford.com/  🔹 Follow Scott on Instagram: https://www.instagram.com/scottoldford/  🔹 Subscribe to Scott’s YouTube channel: https://www.youtube.com/channel/UCueouG14QNrxfW36Y_t4HsQ   ➡️ Learn more at: https://beyondamillion.com/ ➡️ Watch full episodes here: https://www.youtube.com/playlist?list=PL5hbIUyUb68J3nhHSAGDrmUxX4vgXQ4b8 ➡️ Subscribe to our YouTube channel: https://www.youtube.com/@Beyondamillion?sub_confirmation=1   Let's Connect: 🔹 IG: https://www.instagram.com/bradweimert 🔹 TikTok: https://www.tiktok.com/@beyondamil 🔹Twitter: https://twitter.com/BradWeimert 🔹 FB: https://www.facebook.com/profile.php?id=100089061999787 —  Beyond A Million is a business podcast that reveals the scaling secrets of 8, 9, and 10-figure entrepreneurs. Every week, we share an exclusive behind-the-scenes look at the best business growth strategies that work.  If you're an entrepreneur or business professional who's looking to level up & continue to scale far beyond the million-dollar mark, this podcast is for YOU! Tune in weekly for new interviews with Easy Pay Direct founder Brad Weimert and business expert guests who absolutely crush it in their area of expertise. Learn world-class marketing and sales tactics with elite-level business strategies in sales, marketing, operations, finance, and wealth building. Be sure to give us a follow wherever you get your podcasts so you never miss a new episode!