How He Went From $1M In Debt To Making Over $5M/Yr

Jacob Lawson invested $500,000 into a restaurant just before COVID, found himself facing nearly $1 million in debt, and was forced to rethink everything about the way he approached business. Today, his business generates roughly $5 million a year. In this episode, Jacob breaks down the decisions that helped him turn things around, why trying to operate multiple businesses nearly broke him, and the lesson that changed his trajectory: keep the main thing the main thing. We also dive into Jacob’s flooring and real estate businesses, the mistakes he’s made with partnerships, why fast decision-making matters, and how he thinks about risk, accountability and investing in yourself. Jacob shares his daily gratitude practice, his four pillars for an extraordinary life—health, wealth, relationships and purpose—and why knowing your numbers, pushing beyond comfort and taking complete ownership of your results are essential to building a better business and life. Connect with Rich on Instagram: @rich_somers Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.