Passive Income Expert: How To Make 10k Per Month In 90 Days!
The Diary Of A CEO with Steven Bartlett
2025/12/08
Passive Income Expert: How To Make 10k Per Month In 90 Days!
Passive Income Expert: How To Make 10k Per Month In 90 Days!
The Diary Of A CEO with Steven Bartlett
2025/12/08
In this insightful conversation, serial entrepreneur Chris Koerner shares the realities of building over 80 businesses, revealing how minimal capital and maximum execution can lead to significant success. He challenges common myths around passion, passive income, and uniqueness, offering a pragmatic roadmap for aspiring founders who want to turn ideas into income without waiting for perfect conditions.
Chris Koerner emphasizes that entrepreneurial success doesn't require large investments or unique ideas—just action and replication of proven models. Starting with as little as $500, he advocates using AI and no-code tools to launch service-based businesses like drop servicing or digital products. Validating ideas through low-cost testing on platforms like Facebook Marketplace helps identify real demand before scaling. He warns against equal equity splits, encourages delaying partnerships until product-market fit, and highlights overlooked opportunities in industries like RV parks and vending machines. True passion, he argues, emerges through doing, not waiting. Entrepreneurship isn’t for everyone—it demands resilience, bias for action, and the ability to endure rejection. Instead of chasing 'sexy' ventures, he recommends focusing on unglamorous markets where competition is low and profitability high. Ultimately, success comes from consistent experimentation, leveraging modern tools, and aligning effort with market needs rather than personal fantasy.
08:19
08:19
The pain of your problem must be greater than your concern for others' opinions.
11:38
11:38
Copying a working business model is a valid strategy as long as intellectual property is respected.
13:12
13:12
Great entrepreneurs don't invent from scratch—they copy existing blueprints and improve them.
20:24
20:24
For old business problems, look for solutions from the last 10 years and copy them.
25:29
25:29
The website made hundreds of thousands in sales in the first 30 days.
36:01
36:01
The perfect time to 'burn the boats' is when there are safety nets, not when an idea is just slightly tested.
36:27
36:27
Losing plan B created toxic motivation that drove success in plan A
39:23
39:23
The concierge car business was non-scalable and 'ugly' work, but served as a pivot point with a plan B
44:58
44:58
Distractions can signal better opportunities; pay attention to them.
47:32
47:32
If an idea still lingers in your mind after two weeks, it might be worth pursuing.
51:38
51:38
Successful validation feels like a boulder of customer demand chasing you down a hill
52:14
52:14
Create AI-generated product images and list on Facebook Marketplace to validate demand with real user engagement.
1:00:09
1:00:09
Some entrepreneurs can be starters, maintainers, and finishers, like Elon Musk and Jensen Huang
1:02:17
1:02:17
I have no desire to be a billionaire or leave large sums to my kids.
1:07:17
1:07:17
Having an outlet like a understanding friend is important for dealing with work stress.
1:10:12
1:10:12
Each 'no' brings you closer to a 'yes'
1:12:43
1:12:43
Most people don't need a business partner as co-founded companies have higher failure rates.
1:15:25
1:15:25
A 50-50 equity split requires both partners to contribute equally in all aspects and grow at the same rate indefinitely.
1:21:11
1:21:11
77% of small business owners believe AI will transform their operations, yet only 5% use it meaningfully.
1:35:27
1:35:27
A friend in San Diego makes seven-figure income from vending machines.
1:36:29
1:36:29
Ketone-IQ is a game-changer for focus and energy, now available at Target stores in the US with a free first shot.
1:41:22
1:41:22
The initial investment can be recouped in two months by selling ads to local sponsors.
1:43:56
1:43:56
Small RV parks can yield higher profits than rentals.
1:50:28
1:50:28
Profit-sharing is more effective than equity for incentivizing operators because equity often goes to zero.
1:52:26
1:52:26
Trying many side hustles prevents regret and reveals hidden opportunities
1:55:50
1:55:50
Only start businesses where you have an unfair advantage
1:57:00
1:57:00
If an idea has been tried many times and never worked, it's likely fundamentally flawed.
2:03:03
2:03:03
Entrepreneurship isn't about independence—it's a trade-off involving loss of stability and predictable income.
2:06:48
2:06:48
Delusions of grandeur were used as motivation after a psychiatrist's critique.
