482. The Price of Success: Lessons from a High-Growth Entrepreneur with Engelo Rumora

Is the pursuit of rapid business growth and success worth sacrificing personal well-being and relationships?

 

In this insightful episode of Mindset Shorts, guest Engelo Rumora shares his personal experience and lessons learned from building a successful business at a breakneck pace. He candidly discusses the challenges of maintaining a work-life balance and the toll it took on his health and personal relationships. Engeloreflects on what he would do differently if given the chance, emphasizing the importance of slower, more sustainable growth. The episode explores the trade-offs between rapid success and personal fulfillment, offering valuable insights for entrepreneurs and business owners.

 

Engelo Rumora is a prominent real estate executive, investor, and CEO, known for his remarkable achievements in real estate investments, as well as his diverse entrepreneurial ventures spanning various industries. With a global portfolio encompassing countries such as the Bahamas, Croatia, Japan, Australia, and the USA, he has demonstrated a comprehensive understanding of investment strategies. Engelo's expertise extends beyond real estate to include tech, crypto, stocks, and oil funds. He is the driving force behind several successful companies, primarily in the real estate sector, having experienced both setbacks and triumphs. Engelo's enduring commitments are Ohio Cashflow, a leading turnkey property provider, and Oz Realty, a renowned property management firm. his career has seen involvement in over 1,000 real estate transactions, including flips and buy-and-holds.

 

00:00:00 - 00:02:00 - The Myth of Work-Life Balance

 

- Engelo argues that work-life balance doesn't exist when building a successful business

- Building a business requires long hours and sacrifices in personal life and health

- Reflecting on his experience, Engeloquestions whethis the sacrifices were worth it

 

00:02:00 - 00:04:00 - Lessons Learned and Personal Growth

 

- Engel shares how he would approach building his business differently, focusing on slower, more sustainable growth

- During a period of reflection and detox, Engelofound better health and financial success

- He now prioritizes self-care and a more balanced approach to work

 

00:04:00 - 00:06:00 - The Impact of Rapid Growth on Company Culture

 

- Engelo discusses the high turnover rate in his company due to the demanding pace

- He reflects on how slower growth could have fostered a better company culture and employee retention

- The business has become lean and automated, but Engelomisses the human element of supporting employees

 

00:06:00 - 00:08:00 - Balancing Growth and Longevity

 

- Engelo believes that slower growth would have led to greater longevity and expansion into multiple markets

- While He doesn't regret his path, He acknowledges the potential benefits of a different approach

- The importance of creating a business that supports not only the entrepreneur but also the employees and their families

 

00:08:00 - 00:10:00 - Ohio Cashflow: A Niche Real Estate Investment Business

 

- Engelo shares his business model of buying, renovating, and selling distressed properties to passive investors

- The company focuses on the Toledo, Ohio market, providing cash flow opportunities for investors

- Engelo reflects on his personal journey and the lessons He's learned as an entrepreneur

 

Quotes:

"Whoever is saying work-life balance, I'm sorry, but it doesn't exist because if you want to build a large business and a successful business, what balance is there?" - Engelo Rumora

 

"Never been fitter, never been healthier. Look now I'm back in the grind. You know, I'm, I'm, I want to scale my property management company. I'm looking at doing some great things with my, with my Turkey business. And I'm grinding again." - Engelo Rumora

Connect with Engelo:

Website: https://ohiocashflow.com/

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