The Millionaire's Lawyer - JP McAvoy

In this episode, JP McAvoy interviews AI pioneer Peter Voss about his journey working on artificial intelligence and his views on the path to achieving Artificial General Intelligence (AGI), a term he coined in 2002. For over 20 years, he has been researching approaches to building artificial general intelligence and aims to develop systems that can learn and reason like humans. Listen in as JP and Peter discuss the definition of AGI and its potential impact, Issues with current AI models and the need for more efficient approaches, blockchain technology and investment in AI companies, AI's risks and benefits, how AI can assist humans in decision-making and problem-solving, limitations of current AI techniques, ways for potential improvement, using cognitive AI for customer support applications, and more. Connect with Your Host, JP: Website Facebook X Instagram LinkedIn Show Episode Highlights: 03:40 The Need for a More Human-Like Approach to AI Development 09:51 Blockchain and Video Tech Investment 18:25 AI and Its Potential in Problem-Solving 22:40 AI’s Limitations and Potential for Improvement 26:14 AI Development with a Focus on Investment and Progess 30:53 Cognitive AI for Customer Support 37:14 AI and Its Potential to Revolutionize Humanity

Bruce Campbell is an experienced investment professional, entrepreneur, and the founder of Stone Castle Investment Management. He focuses on identifying undervalued growth companies and acquiring cash-flow generating private businesses. Listen in as JP and Bruce discuss effective strategies for helping owners plan exits and negotiate deals, screen small/mid cap stocks and monitor earnings momentum. Plus, gain a unique view on AI, cryptocurrency, and three under-the-radar stock picks. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 01:01 Business Exit and Succession Planning 07:16 Portfolio Management 11:36 Investing in Growth Companies 16:39 Investing Strategies and Market Trends 21:15 AI, Crypto, and Earnings Growth 25:29 Bitcoin Investment 29:19 Algorithmic Trading and Market Performance 39:35 Millenials and the Future of Investing

John St Pierre is a Canadian entrepreneur, business mentor, and coach who is passionate about helping other entrepreneurs build businesses strategically for sustainable long-term success. Starting in 1995 as a College Pro Painters franchisee, he later became a VP of Sales for HandymanOnline.com and President of WorldAtMyDoor. In 2003, John co-founded Legacy Global Sports and BrandPoint Services, the latter being a $100M+ company where he serves as the majority owner and chairperson. In this episode, JP and John discussed key lessons learned around protecting founder equity and reinvesting profits internally rather than relying on outside funding, the importance of leveraging new technologies like AI and blockchain through tools that boost operational efficiencies and margins, why entrepreneurs should focus on projects with real utility rather than speculative coins, and the opportunities that may come by staying informed on emerging technologies such as AI. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 00:04 Scaling to $100 Million Businesses 05:01 From Business Failure to President 15:21 7 Principles to Scaling Your Business The Right Way 19:35 The Importance of a Reliable Legal Team 25:33 Operational Efficiencies in Business 29:07 AI and Crypto Tools for Efficiency 32:36 The Fundamentals of Crypto 35:39 The Future of Blockchain

Hence, this week’s episode features thought-provoking perspectives on improving information quality and shaping technology for the better with AI pioneer, Alex Fink. Alex is the founder of OtherWeb, a platform focused on improving online content quality that has grown to over 7 million users under his leadership as CEO. With over 15 years of experience in engineering and executive roles, Alex is dedicated to advancing AI and addressing the problem of low-quality online information. Listen in as JP and Alex dive deep into the evolution of online content quality, challenges in determining truth and addressing biases in the media, AI's potential impact on various professions in the coming years, insights into leading AI language models, Tesla's approach to self-driving, and the intersection of AI and blockchain. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 01:16 The Evolution of Online Content Quality 08:16 Fact-Checking News Media 13:07 AI’s impact on Various Professions 18:23AI Language Models and Their Future Prospects 22:44 Tesla’s Approach to Self-Driving Cars 26:40 AI’s Impact on Blockchain 32:25 Solving the Problem with Digital Junk

This week, JP sits with Brian Will, a two-time Wall Street Journal bestselling author and successful entrepreneur who has built and sold numerous businesses. He now works as a business coach and consultant, helping companies increase sales and improve operations. Listen in to this insightful conversation on entrepreneurship, negotiations, and living a purposeful life as Brian shares lessons from building and selling numerous successful businesses. JP and Brian also share how to harness useful data and understand what stories they tell, why it’s not practical to rely on a single client, the importance of living within your means, tips for vetting advisors, and finding passions beyond just money. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 04:50 The Importance of Proper Legal Structure for Your Business 08:07 Creating Value Through Your Venture Capital 14:43 Vetting Professionals to Grow 17:43 AI Trends and Data Analysis for Business Growth 22:00 The Value of Giving Back 27:14 Career and Life Advice

This week, we are joined by Jaime Taets, an entrepreneur and leadership expert. As the founder and CEO of Keystone Group International, she helps companies build high-performance cultures and develop healthy, purpose-driven leaders. Listen in as JP and Jaime reveal an innovative approach to building a values-driven business along with strategies for creating impactful cultures where people want to do their best work. They also discuss the changing nature of work and how companies can adapt, finding purpose beyond growth and profits, and tips for cultivating healthy leadership and getting the most out of employees. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 01:00 Reduce Risk and Increase Company Value 05:22 Work–Life–Balance Post-Pandemic 08:46 The Value of Purpose in Business Venture 12:18 Leadership Development and AI Adoption 16:01 The Conversation About Culture Trends and Purpose 18:58 Learn From the Younger Generation

Zach Winner is an experienced real estate investor and the co-founding partner of Prosperity Commercial Real Estate, an investment fund focused on value-added multifamily apartment complexes. With over 20 years in the industry, Zach specializes in syndicating larger apartment deals for passive investors, leveraging his expertise in deal structuring, financing, and active management to drive strong risk-adjusted returns. When he isn't growing his real estate portfolio, Zach remains an avid observer of cryptocurrency and technology trends. In this episode, JP and Zach provide insights into upgrading units to boost cash flow, syndicating deals to passive investors, typical returns, predictions for interest rates and real estate cycles, views on Bitcoin and cryptocurrency, and pondering how rapidly advancing technologies like artificial intelligence may impact our future. Tune in and gain valuable perspectives on multifamily strategies, finance, and tech trends from this wide-ranging conversation. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 01:01 Getting Into Law 06:32 Family Properties vs Commercial Properties 10:40 Selling a Company 15:22 Typical Investment for Investors 21:17 Reals Estate Investment, Bitcoin Halving, and Economic Cycles 28:50 The Future of Economics with Crypto and AI

This week, AI expert Josh Bachynski shares his predictions on the future of artificial intelligence and how it will impact us. Josh got involved in web development during the early days of the internet. This sparked his interest in AI, a field he has worked in ever since. Currently, Josh works as an AI consultant focusing on reverse engineering AI systems. Listen in as JP and Josh discuss which companies are leading the AI race, how AI can both disrupt and create new job opportunities, why Bitcoin may eventually replace the US dollar as the global reserve currency, and why the government’s regulation attempts may have little effect on curbing large tech companies' power. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 03:49 AI Deployment and Societal Concerns 08:17 Data Privacy and Manipulation in Digital Marketing 16:14 AI Investment and Its Impact on Business 25:06 AI-Generated Content and Its Impact on the Creative Industry 32:58 Crypto-Currency, AI, and Economic Power 45:11 The Truth About AI Companions 50:45 Regulating AI and Big Tech Companies

However, this specific field requires guidance from experienced professionals who possess the necessary knowledge, industry insights, and negotiation skills. Engaging experts in the field not only enhances your chances of making successful deals but also instills confidence among stakeholders. This episode features an insightful conversation with serial entrepreneur Joey Pamic. His adeptness lies in spearheading Power-Tek Group's corporate growth ventures by remarkably broadening the company's service portfolio and extending its presence to newer territories via meticulously chosen acquisitions. Listen in as Joey discusses his career path from private equity to building Power-Tek, including lessons he learned about the ropes of dealmaking, the importance of building trust and rapport with sellers, the value of diversifying to withstand economic swings, having the due diligence to uncover any risk, and more. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 01:21 Serendipitous Career Discovery 04:05 Learning the Ropes 07:12 The Importance of Building Rapport with Sellers 13:47 Abundant Opportunities in the M&A Market 18:02 Lessons Learned from an MBA 21:02 A Vision for Power-Tek's Strategic Growth 26:17 Leveraging AI in Business Operations 28:20 Finding Motivation in Business and Life Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability

That is something that Dan Templin realized as he matured as a business owner. This week, Dan enthusiastically tells his story of how his businesses boomed in number along with his discoveries on effective methods of doing so, like goal-setting and building personal development. Having his family in his mind as his motivation, he said, “Money is great, but I also want my freedom." So, from a traditional business owner— doing all the work, being there in person all the time, and making sure everything was perfect, he resorted to having a team and putting systems in place in his businesses instead. And that gives him and his family a good chance to go away for a vacation even for a month, and there are a lot of businesses where that's impossible to do. Listen in as Dan and JP discuss how his do-or-die first business accelerated into numerous thriving businesses through an effective combination of goal-setting and building personal development. They also discussed the importance of setting a realistic goal, knowing what needs to be done and not taking “no” for an answer. Connect with Your Host, JP: Website Facebook Twitter Instagram LinkedIn Show Episode Highlights: 0:55 Getting Into the Business 8:00 Building Personal Life as Motivation 9:26 Putting Words Into Actions 13:45 The Importance of Setting Realistic Goals 17:53 The Significance of Knowing What You Need to Do 20:55 Taking "No" for An Answer 24:40 Real Definition of An Entrepreneur Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability

Crypto accounting is a new ball game, significantly different from the traditional accounting for fiat currency we were used to. Hence, the conventional principles may not apply as is. Due to its volatile nature, tracking crypto transactions can be complex as their value at a point can drastically differ a few hours apart. Moreover, the absence of physical presence and international borders induces much ambiguity. In this episode, Crypto Tax Made Easy Founder Matthew Walrath will help us ride the crypto wave without drowning in it. With his "Do-It-For-You" tax service and "Do-It-Yourself" crypto tax course, Matthew has successfully assisted numerous crypto investors, leading to aggregate savings of tens of millions of dollars on cryptocurrency taxes. By offering a promise of completing their tax reports within the next 21 days, he not only ensures monetary savings for his clients but also saves them considerable time and provides them the assurance of properly filed taxes. Listen in as JP and Matthew help us navigate the tricky world of crypto and taxation. Jump aboard as they unpack crucial topics such as tax regulations in crypto, its software underpinnings, the implications of mass adoption, how AI is optimizing crypto transactions, and how data privacy concerns are being addressed. Connect with Your Host, JP: Website Facebook X Instagram LinkedIn Show Episode Highlights: 02:28 Crypto Investment 05:15 How Crypto Tax Software Works 09:57 The Network Effects 13:10 Crypto Mass Adoption 19:07 Crypto and AI 23:36 Tech Impact on the Future 25:42 Life Surfing

But the question that still bothers many is, Will AI replace humans and ultimately become a threat to job security? This week, JP sits with AI Futurist and AI Strategy Consultant, Garik Tate. Garik is the brain behind the Vahalla Team, a tech firm dedicated to fast-tracking mankind by enhancing the influence of tech companies that have a purpose-driven approach. Listen in as JP and Garik discuss how AI is changing the way we manage our assets, boosting efficiency, and helping create automated systems beyond ChatGPT. They also talk about five areas in our business where we can leverage AI and where AI detectors can potentially present vulnerabilities and limitations. Connect with Your Host, JP: WebsiteFacebookTwitterInstagramLinkedInShow Episode Highlights: 02:38 The Future with AI 06:50 AI and Blockchain 09:37 AI and Job Security 14:06 AI and Efficiency 18:10 Move Beyond Chat GPT 24:25 The AI Game 27:39 AI and Accuracy Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability

Therefore, by understanding how to communicate with your customers, clients, partners, and employees in a way that resonates with them, you can lead any conversation without coming on too strong that you lose their interest. In this episode, we are joined by Bulletproof Your Mindset author, Paul Aucoin to discuss how we can improve our communication and overcome setbacks and frustrations in our entrepreneurial journey. Join JP and Paul as they delve into the psychology behind knocking on people's doors and pick up some practical pointers on preparing for setbacks, setting up exit agreements, and managing your employees. They'll share advice on resolving conflicts, the value of excellent communication skills, dealing with frustration, and draw on insights from Paul's book, "Bulletproof Your Mindset: Think Like a Business Owner" and the ABCs to remember when you get into a sticky situation. Connect with Your Host, JP: WebsiteFacebookTwitterInstagramLinkedInShow Episode Highlights: 01:31 Shifting to the Sales Industry 06:09 Prepared for Failure 09:09 Bulletproof Your Mindset 11:22 How to Take Control of the Situation 15:45 Listen to Your Employees 17:56 The Psychology of Knocking on People’s Doors 20:24 Communicating Intent Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability Get Your Copy of Paul’s Book Bulletproof Your Mindset: Think Like a Business Owner.: Take Responsibility and Take Control of Your Life

When Branzio Watches Founder, Ronnie Teja first started his entrepreneurial journey, it was all about making money to survive and take care of his family. It wasn't until later on that he realized that money can be used in order to achieve more than just making more money. Today, his focus is on creating opportunities for others to attain the freedom that allows them to live their lives on their terms. Listen in as JP and Ronnie reveal the secret to creating more freedom as you build your business. They also discuss how to leverage AI to make your processes more efficient, why we should be mindful of our close cicle, the two qualities that an entrepreneur must have no matter what, hiring tips, the importance of having a management system in place, and Ronnie’s tips when you are planning to buy a watch. Connect with Your Host, JP: WebsiteFacebookTwitterInstagramLinkedInShow Episode Highlights: 02:11 Doing Something For Yourself 06:47 Blockchain, Crypto, and NFTs 10:52 Choosing Your Circle 15:26 3 Things You Need as an Entrepreneur 18:57 Before You Buy a Watch 23:19 Who to Surround Your Self With Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability

Understanding the Web3 world can be challenging, but it also provides great opportunities to those who are willing to learn more about it. By understanding how decentralization works and how blockchain technology can be used, people can gain financial freedom and secure asset value. This week, JP sits with James Burnie, a partner at GunnerCooke law firm. James advises a wide range of firms on financial services regulation and FinTech. His work on blockchain technology and crypto has received awards and he was also recognized as one of the top recommended lawyers by Legal 500. Listen in as JP and James discuss the evolving world of web3, money laundering rules, privacy concerns about crypto, how decentralization impacts the industry, fundraising gap and the value of tokens, things you need to know about staking, the importance of NFTs, and James’ tips to achieve better settlements and get the highest market advantage. Connect with Your Host, JP: WebsiteFacebookTwitterInstagramLinkedInShow Episode Highlights: 01:41 The Evolving World of Web3 06:32 Guiding Principles and Regulations 09:31 The Money Laundering and Decentralization Issues 16:18 Giving the Power Back to People 23:56 Things to Know About Staking 28:10 Who Really Wins? 32:58 How to Get the Best Settlement 37:12 Why Are NFTs Important? 44:37 Getting the Highest Market Advantage 48:28 Take Legal to Your Own Advantage Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability

Being raised by her single mother and growing up on a dangerous street in South Central LA, April Smith Jones had many obstacles ahead of her. Taking full advantage of her opportunities, she completed college at UC Berkeley and then went on to earn her law degree from UC Hastings College of Law. Jones rose above difficult circumstances with determination, hard work, and an unwavering commitment to achieving her goals. This week, JP and April open a way for us to break any impossibility. Listen in as they summarize entrepreneurship in a few meaningful words and discuss the importance of finding your win in every situation, being ready and adaptable in the face of change, practical steps to achieve productivity, how to keep your wit, and much more! Connect with Your Host, JP: WebsiteFacebookTwitterInstagramLinkedInShow Episode Highlights: 01:48 Meet April 05:07 How Law Has Evolved Over the Years 11:06 How To Do It All 15:51 Keep Your Wits 20:42 Work with April 22:31 Are You Willing To Do Whatever It Takes? Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability

This week, Personal Collective Co-Founder, Gail Doby joins JP McAvoy in an engaging conversation about building the foundation of and running a successful and thriving business. In her 20 years as a creative entrepreneur, Gail has helped her clients master the art of increasing their profitability through innovative strategies while creating a space for them to grow personally. Listen in as JP and Gail talk about growing personally in order to grow professionally, what borrowing confidence means, and understanding your mindset so that you can stay focused on achieving your goals. They also discuss how to define your end goal in four questions, the five things you need to run a successful business, the best way to manage your time and attention, what motivates a team, how to know when you’re hitting your goals, as well as some motivation boosters along with Gail’s advice to ensure your success in whatever you do. Connect with Your Host, JP: WebsiteFacebookTwitterInstagramLinkedInShow Episode Highlights: 02:31 Rethinking Life Goals 06:04 Defining Your End Goal 10:14 Knowing Your Yes and No’s 15:59 What Motivates People 20:51 Are You Hitting Your Goals? Resources: Get Your Copy of JP’s Book The Millionaire’s Lawyer: Grow and Sell Your Business for Maximum Profitability

A Little About Tony Kitchens: Tony Kitchens is a speaker, author, and entrepreneur who has experienced highs and lows in both his personal life and his business. He believes that everyone can change their perspective on fear, pain, and current circumstances and use them as fuel to create a fantastic life. Tony is the author of a book entitled “The Gift of Pain”, an entrepreneur and philanthropist. The companies Tony founded have generated more than $100 million in revenue and serviced the largest multinational corporations in the world. Tony is on a mission to help as many people worldwide through the wisdom he shares using his various platforms. Connect with Tony Kitchens: Website Instagram YouTube Connect with your host, JP: Twitter Instagram Facebook Website Show: LinkedIn Email: jpmcavoy@conductlaw.com Phone: 1-833-890-8878 THANK YOU TO OUR SPONSOR: Conduct Law

A Little About Mitchell Beinhaker: Mitchell Beinhaker is a business lawyer and estates attorney who runs a virtual legal & consulting practice representing business owners, entrepreneurs, executives, and professionals. He is an author, speaker, host, and creator of The Accidental Entrepreneur Podcast where he interviews entrepreneurs, inventors, authors, and social media influencers. His legal practice, Beinhaker Law, provides business and estate services to other small business owners. Whether you are just getting started or have been operating for a long time, the practice can help you with all your general legal needs from contracts to client agreements, from purchasing a new location to onboarding a key employee. They draft all types of agreements and handle most business transactions. To learn more about their products and services, visit them on the web at BeinhakerLaw.com. Connect with Mitchell Beinhaker: Facebook Instagram Website Connect with your host, JP: Twitter Instagram Facebook Website Show: LinkedIn Email: jpmcavoy@conductlaw.com Phone: 1-833-890-8878 THANK YOU TO OUR SPONSOR: Conduct Law

A Little About Jeff Hancock: Before finding his calling in crypto, Jeff’s background was dedicated to cybersecurity in the casino and finance industry. While working with the $100b Softbank Vision Fund in 2017 during the first crypto bull-run, Jeff found the inefficiencies in the crypto market for UK users wanting to get in and out of the crypto market. Jeff and his co-founders in 2017, founded coinpass.com to solve this problem for retail investors, businesses, and institutions. Jeff and his co-founders made the commitment to build a secure, reliable, compliant, and safe way to trade crypto in the UK in a climate where crypto was unaccepted. Jeff’s vision for Coinpass is to blur the line between crypto and finance into a seamless digital layer. Connect with Jeff Hancock: Website Blog Medium Facebook Instagram Connect with your host, JP: Twitter Instagram Facebook Website Show: LinkedIn Email: jpmcavoy@conductlaw.com Phone: 1-833-890-8878 THANK YOU TO OUR SPONSOR: Conduct Law