#659: How Kris Danielson Built a $30 Million Gas Station Empire by Age 24 – with Tai Lopez
The Tai Lopez Show
Tai Lopez
4.8 • 6.9K Ratings
🗓️ 5 November 2024
⏱️ 59 minutes
🧾️ Download transcript
Summary
Join Tai Lopez as he interviews Kris Danielson, a self-made entrepreneur who built a $30 million gas station empire by the age of 24. In this episode, Kris shares his journey from starting on First Nations land with minimal resources to scaling his business across multiple locations. They discuss the profitability of gas stations, how to capitalize on competitive advantages, and the unconventional strategies Kris used to succeed. This episode is a must-watch for anyone looking to break into entrepreneurship or learn more about scalable business models. Get the show notes here: https://tailopez.com/gaskris
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Transcript
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| 0:00.0 | Here in my garage. |
| 0:02.0 | Can you make money in gas stations? |
| 0:06.0 | The simplest business, every day you drive by 20 gas stations and have people trying to make money with all these crazy ideas. |
| 0:13.0 | Old school, I got, I call them gas chrisis here, flew in all the way from Canada. |
| 0:19.0 | By age 24, you had a $30 million gas station business, |
| 0:23.4 | little holding company. Let's talk gas, let's talk money, and let's talk you living on a reservation |
| 0:31.5 | or making money tax-free on a reservation. Welcome to the show. Thanks for having me on. |
| 0:37.0 | So, Chris, let's talk about the oil and gas business. |
| 0:41.5 | You know what's funny? |
| 0:42.6 | If you ask people what creates the most billionaires, |
| 0:45.9 | the average person on the street thinks oil and gas. |
| 0:48.8 | It's not true, but a lot of people made a lot of money. |
| 0:52.8 | Middle East has become one of the most dominant centers |
| 0:56.1 | of the world because of money. |
| 0:57.4 | Norway is the Norwegian sovereign fund |
| 1:01.6 | is like $1.5 trillion all from the oil found off Norway. |
| 1:06.0 | Denmark's still mad about it |
| 1:07.3 | because one of their politician negotiated for the wrong part and Norway got all |
| 1:11.7 | the oil and Denmark didn't, although Denmark's wealthy too. So do you think, let me, let me ask you |
| 1:16.9 | this. What's the reason you got into that business? Is it because you're like, that's where I can make |
| 1:23.5 | a lot of money? Well, that's definitely part of it. That's why anyone gets into a business is to make money. |
| 1:30.3 | Although I was in Ottawa, which is a capital in Canada at the time working for the federal |
... |
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