Live Q&A - When to Expand Your Business, Partnerships, Working with Your Spouse, and Growing Too Fast
Investor Cheat Code Podcast with Mike Simmons
English - July 08, 2021 07:30 - 35 minutes - 25 MB - ★★★★★ - 241 ratingsInvesting Business Entrepreneurship airbnb business cashflow education entrepreneur estate flips investing real rentals Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.
This presentation is the live Q&A that I did on June 16th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!
Notable Quotes:
“I think going into business with your spouse is a really, really powerful thing.”
“If your spouse doesn’t have an active role in your business, having their complete support is critical.”
“I have met many people, unfortunately, that don’t have the support of their spouse and it really eats away at the business from the inside.”
“It is 100% possible to grow too fast.”
“I do not think that fast growth is necessarily good growth always.”
“Be careful when you are growing and expanding, and make sure it is what you really want.”
“All that foundational stuff at the beginning, the systems, the people, the mindset, the numbers you are tracking, will help you be successful as you grow.”
“There are a lot of factors that can derail a company, but the one that sneaks up on people and takes them by surprise is bad partnerships.”
“You want a partner that shares your hunger, shares your passion and desire to get to the goal and build that business.”
“If risk doesn’t bother you and your partner is very, very conservative, your partnership will fall apart.”
“Once you have nailed the model and understand what you want to do on a small scale, then it is just a matter of scaling that up.”
Links:
FREE Blueprint to Fast Growth Webinar
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months