How Sam Bakhtiar Makes His Money | Sam Bakhtiar | One Percenter Podcast

the one percenter podcast with sam back dr bringing you the one percent knowledge to help you reach your full potential learn what it takes to rise above the 99 and become a one percenter [Music] hi guys welcome back today we're going to talk about a little bit about who i am and how i became a millionaire hey guys if you're not following me on instagram and facebook make sure you follow and as usual like subscribe and hit the notification button so let's talk about my career journey and how i became a millionaire well i immigrated to this great country ui united states in 1985 with me my mom and 500 worth of luggage and all i wanted to do is play soccer but in 1985 in the middle of nowhere america sharing pennsylvania to be exact they didn't have a soccer team so i was in a new country i didn't speak the language and then i'm like i'm you know nobody really liked me i was the only minority in that little town so i tried out for the basketball team and i got cut from the basketball team it was the most devastating thing in my life so my mom encouraged me not to give up and go to the boys club after school so i can get better at basketball to try out next year as i was going to the boys club one day to try to get better at basketball you know i saw these guys that were coming from this room and these guys were all yoked out they all looked like arnold and sylvester stallone and at that time the rocky movies were like the thing to watch you know and i was like okay what are they doing so i went to this room and i saw these big buff guys that's lifting heavy weights and they were screaming and i'm like i want to look like that so i started working out and i fell in love with the iron but growing up my mom told me sam to be successful in life you can only be three things if you want to be successful a doctor a lawyer or an engineer so growing up i thought that the only way the only path to success was one of those three and now that i fell in love with the iron i wanted to incorporate iron with a degree so i started doing some research what doctor has to do with muscles bones and nutrition and i got more into my research i came up with doctoral chiropractic so i went to penn state university and i graduated with my pre-medicine nutrition degree and i went to los angeles college of chiropractic and i got my doctorate degree and i didn't want to become a chiropractor because i'm going to practice chiropractic i want to become a chiropractor one because to please my mom you know after all she came to this country you know brought me here and at least owe that to her but also secondly because i wanted to know everything there was about bodybuilding anatomy physiology about biomechanics and nutrition and matter of fact and i applied it to me to myself as a bodybuilder you know every step of the way now fast forward i graduated you know i give my diploma to my mom my mom just was ecstatic that her son is a doctor you know and now she brag to all her friends my son is a doctor my son is a doctor that was her dream but i took her to the side and i said mom i'm going to open up my first gym i'm going to open up a transformation center i want to help other people experience what i experienced because lifting weights and getting in shape really changed my life changed my mentality not only changed me on the outside but it actually changed me who i am and all the discipline and delay gratification that i've learned from weightlifting and bodybuilding is what i applied today in business so what i know when i told her i wanted to open up a gym at first he's like are you going to practice chiropractic and i said of course wink wink you know and so i borrowed 20 000 from my mom and at that time through doing personal training i only i also had twenty thousand dollars that i actually saved so and the first you know first gym that i wanted to to do you know they they required thirty five thousand dollar deposit because the rent was seventeen thousand five hundred and security deposit was seventeen thousand five hundred that meant that's thirty five thousand dollars gone i only had five thousand dollars to capital and in thirty days thirty thousand dollars due because the rent and overhead was due in 30 days so with my back against the wall i didn't want to move back my mom in pennsylvania now i'm in california i started hustling i started working 60 70 hours a week and i was just you know going out and i wasn't a natural salesperson but i became one when your back is against the wall that's what i had to perform so i started having some success and what i mean success is i was working 60 to 80 hours a week minimum and i was taking home 10 15 grand a month i remember i'm from a little town called sharon pennsylvania when you make two three grand a month you're doing good now making 10 15 grand a month i was living large i was living the dream at the time and i thought this was it so after having success for for a while you know and i was doing really good that problem was that no one ever taught me about ups and downs in the economy you know i thought that you know when i was making money you know actually always i was always going to make money and you know i bought my first home that home started appreciating and i thought i was just this great businessman but nobody told me that when you know the fish are jumping into the boat everybody's a good fisherman because the economy was booming and then came 2008 the great recession and that nearly wiped me out i was overextended i never planned for a bad economy and that was one of the worst times of my life so for a period of 2008 to 2010 i was just trying to make things work because one-on-one personal training was dead i was trying to pivot i was trying to do small group training and then we came up with the concept of boot camp boot camp means that instead of doing one-on-one personal training we get a group of people to work out in a setting with one trainer at first i thought this might not work thank god my business partner said hey let's just try it out let's just try it i'll run all the classes you know and and you just do the marketing for it and i'm so glad we did because that boot camp that i thought wasn't going to work became an international franchise that it is today we have over 100 locations we have changed millions and millions of people's lives and it's been one of the greatest things that i've ever done but have i not been open-minded to it have i not wanted to try it i would have never been there for those of you who are listening to this know that getting out of comfort zone is the only way for you to be able to succeed because if you're comfortable doing what you're doing then nothing is going to change and if nothing's going to change then nothing's going to change so comfort is the enemy of progress so at first when we started the boot camp it was a lot of growing pains you know so we didn't know exactly what price point what to do our first gym we started with nine thousand dollars that's all we had it had concrete floors and you know when you look back we had one boom box one cd player that we we played the same cd for two years and after a while we saw that people were loving it people were loving working out together people were loving that um you know that the price point wasn't as much as a personal trainer and guess what it was actually more profitable for us because personal training is a flawed model because for every trainer you know for every client we need to have one trainer and as revenue grew so did the payroll but with this new boot camp model as the revenue grew the payroll didn't chase it so we were up to something and after a while i saw that that the revenue started going and the revenue started growing and revenue start going and we sat with each other and said you know what why don't we open up a second location so we open up a second location we're able to be successful we open up the third location and next you know we open up the fourth location a year after and when you started to open up one location another location now you have to put systems together now you have to have operating procedures because you can fake it you know doing great for one two or maybe three locations but anything after two to three locations you need to have the right procedures right system and the right people to run the location and that was a huge growing pain you know that's a huge growing pain that's a huge crossroad for any business for for you to be able to succeed as you are able to scale into more and more locations but we were able to do that successfully and then one day you know one of our clients came in one of our clients have lost over 40 pounds with her husband and she asked me sam i want to open up my own location would you entertain us franchising your concept and at first i didn't really pay any attention to it because you know as a business owner you always have a bunch of people with an idea coming to you so i'm like okay yeah yeah maybe maybe and then she come in and she asked me again and she asked me again and she was persistent so i'm like okay let me look in this franchising thing and i'm so glad i did i looked into a franchising you know we got some attorneys involved we got our franchise agreement and the rest is history once people found out that the camp was a business opportunity we have so many people especially our own clients that have gone and seen transformation they want to be a part of it what business is better than changing people's lives and be able to feed your family at the same time and the camp started growing and growing and growing and then once we get the camp we're like okay we need actually our own supplement company and we started our own supplement company to be able to feed our clients and make sure our clients are getting the right nutrients and the right you know supplements they need to get results and fast forward now we are over a hundred locations we're international franchise and we're growing again it all goes back to the beginning have i not got cut from the basketball team i would have never found weightlifting if i would not never have found weightlifting i would never open my own gym you know have the recession not hit in 2008 i would have still done personal training i probably had one or two locations everything in life i believe happens for you not against you and like steve jobs says you can only collect a dot going backwards never forwards now the camp now having over a hundred locations it's like a kid that has left the college it doesn't need me much because we have ceos in place cfos in place and now what i'm doing is i'm committed to growing this youtube channel i'm committed to providing as much information as possible to help you skill your business through my coaching programs through my consulting programs and through just providing content here for you to be able to apply to your life to be able to take your life to the next level so if you guys like my journey or have a similar story or you just might just want to take your life to the next level stick around because on this channel i want to give you everything everything that i went through everything that i messed up all my successes all my losses i'm going to spill down on here so stay tuned i want to thank you guys so much for watching the video i want you to tell me how you like the video do me a favor drop me a comment below and also drop a comment what else do you want me to talk about what are you struggling with how can i provide more value thank you so much for tuning in and we'll see you on the next video

Channel: Sam Bakhtiar

Views: 3,358

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Id: F2nRZ5x7dzI

Length: 11min 32sec (692 seconds)

Published: Thu Oct 29 2020