Mohit Tater

Founder of BlackBook Investments

Mohit Tater is a serial entrepreneur and investor and the Founder of a successful micro private equity firm, BlackBook Investments. He is an expert in alternative investments and has generated phenomenal ROI for his clients over the past few years.

BlackBook focuses on acquiring, managing, and growing a diversified portfolio of established cash-flowing online businesses. It aims to connect and build relationships with online business owners in evergreen niches who are motivated to sell and also with savvy investors looking to buy and invest in high-ROI online businesses.

What is your typical day, and how do you make it productive?

A typical day for me involves managing and overseeing the operations of BlackBook Investments. I collaborate with the team members to discuss ongoing projects, address challenges, and delegate responsibilities to ensure optimal productivity. Alongside my daily responsibilities, I am constantly looking for more digital businesses to acquire and grow. As networking plays a vital role in my endeavours, I actively seek connections and opportunities to expand my professional network.

In addition to that, I prioritize my physical well-being by engaging in strength training five days a week. I also make sure to incorporate an hour of walking or cycling almost six days a week to stay active. Lately, I’ve been focusing on running, aiming to compete in a 10k race.

How do you bring ideas to life?

Whenever I have an idea, the first thing I do is try to validate it. And I do that by asking whether my network will pay for the service or product. Once the idea is validated, I quickly put together a competent team to execute that idea. I know very well that I cannot be an expert on everything and let the domain experts do their thing.

What’s one trend that excites you?

One trend that excites me is the growing interest in digital assets and online businesses. More people are recognizing the potential for passive income and financial growth through investments in websites, e-commerce stores, and other digital ventures. This trend opens up opportunities for individuals to diversify their investment portfolios and generate income outside of traditional avenues. As someone deeply involved in the digital asset industry, this trend aligns with our mission to democratize digital asset investments.

What is one habit that helps you be productive?

One habit that helps me be productive is setting clear goals and priorities. I start each day by identifying the most important tasks that need to be accomplished. I break down larger projects into smaller, manageable tasks and create a timeline to ensure progress. To enhance my efficiency further, I use productivity tools like aText, NotePlan, Notion and more. These tools enable me to organize and structure my work efficiently, allowing me to streamline my workflow and accomplish tasks at a rapid pace.

What advice would you give your younger self?

Start sooner, execute faster, break things and then rinse and repeat until you find the thing that ultimately works. I would also advise my younger self to hire sooner rather than later and not try to do everything myself.

Tell us something you believe almost nobody agrees with you.

One belief that may be controversial is that website investing, and digital assets have the potential to outperform traditional investment vehicles in terms of ROI. While some may view this as a risky or unconventional belief, I have witnessed firsthand the significant returns that can be achieved through strategic investments in online businesses. The digital landscape continues to expand, and with the right knowledge and approach, investors can capitalize on this emerging market.

What is the one thing you repeatedly do and recommend everyone else do?

One thing that I repeatedly do and recommend to everyone is to prioritize continuous learning and self-improvement. In the rapidly evolving digital landscape, staying updated with industry trends, emerging technologies, and best practices is crucial. I believe in dedicating time to reading books, listening to podcasts, attending conferences, and engaging in online communities to expand my knowledge and gain new insights. Continuous learning allows us to adapt, innovate, and stay ahead in a competitive environment.

When you feel overwhelmed or unfocused, what do you do?

I just go for a walk, and it almost always clears my head. I make sure not to have any stimuli like songs or podcasts when I really want to clear my head.

What is one strategy that has helped you grow your business or advance in your career?

One strategy that has helped us grow our business is a strong focus on client satisfaction and word-of-mouth referrals. Rather than actively marketing our services, we prioritize delivering exceptional results and providing outstanding customer service. Satisfied clients become advocates for our business and refer us to their networks, significantly contributing to our growth. Additionally, partnering with WebStreet (Formerly Empire Flippers Capital) and raising funds with them has given us the resources to acquire much bigger businesses.

What is one failure in your career, how did you overcome it, and what lessons did you take away from it?

One failure in my career was being scammed early on in my entrepreneurial journey when I purchased a website that the seller falsely represented. I overcame it by learning from the experience and being more cautious in my future transactions. The lesson I took away from it is to always thoroughly research and verify the information provided by sellers before making any investments.

What is one business idea you’re willing to give away to our readers?

Start an AI Development Agency that helps your clients build their next AI app/SaaS/tool! Classic selling shovels in the gold rush play. Happy to partner with you if you decide to go for it!

What is one piece of software that helps you be productive? How do you use it?

One piece of software that helps me be productive is Asana. I use it for project management and task organization, allowing me to keep track of all my ongoing projects, assign tasks to team members, set deadlines, and monitor progress.

What is the best $100 you recently spent?

I am a sucker for a good keyboard and mouse. I use Logitech MX Keys Mini as my keyboard and the MX Master 3s as my mouse. Both are $100 each, I think.

Do you have a favorite book or podcast from which you’ve received much value?

Two books, Rich Dad Poor Dad by Robert Kiyosaki and The Four-Hour Workweek by Tim Ferriss changed my life. Rich Dad Poor Dad sparked a fire in me during high school, pushing me to pursue entrepreneurship despite my non-business background. In college, The Four-Hour Workweek opened my eyes to running location-independent businesses. These two books laid the foundation for my success.

And when it comes to podcasts, Tropical MBA by Dan Andrews and Ian Schoen became my favorite, providing a constant source of inspiration and practical insights. My journey to success can be traced back to these books and the voices on that captivating podcast.

What’s a movie or series you recently enjoyed and why?

I recently enjoyed watching “Madoff: The Monster of Wall Street,” a fascinating documentary about the largest Ponzi scheme in history. The film humanizes Madoff, offers valuable insights into the psychology of white-collar crime, and explains complex financial concepts in an accessible way.

Key learnings:

  • Starting a business doesn’t always require a large initial investment; it’s possible to build and scale with minimal costs.
  • Focusing on client satisfaction and delivering exceptional service can lead to organic growth through word-of-mouth referrals.
  • Hiring talented individuals and delegating tasks can significantly contribute to business growth and success.
  • Learning from failures and being cautious in business transactions are crucial lessons for entrepreneurs.
  • Continuous learning and personal development play a vital role in entrepreneurial journeys.