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245: Building a Well-Oiled Business Machine

The Wake Up Call

Release Date: 04/09/2024

258: The Sprint Method: Effective Strategic Planning with Simon Severino show art 258: The Sprint Method: Effective Strategic Planning with Simon Severino

The Wake Up Call

Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. Simon Severino discusses his background in strategy advising for Fortune 500 boards and his passion for helping businesses enter and dominate markets. He explains the concept of pipeline coaching, which focuses on filling the sales pipeline, de-risking the buying process, and making it easy for customers to buy. The conversation also covers the importance of creating irresistible offers,...

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Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. Ron Koenigsberg, president of American Investment Properties, discusses the importance of relationships and communication in the commercial real estate industry. He emphasizes the value of working with commercial real estate brokers to gain access to the best deals and shares his insights on finding opportunities in a challenging market.  Ron also highlights the significance of active...

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Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. Paul interviews the president and founder of Swan Capital, a wealth management firm, Andrew McNair. Andrew shares his background and how he got into finance and real estate investing. He discusses the importance of diversification and the lessons he learned from losing a significant amount of money in the stock market.  Andrew also talks about creating Swan Capital and the...

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Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. In this thought-provoking episode, Paul and Chris delve into the profound concepts of individual agency, self-sabotage, and the power of alignment between our inner experiences and external realities. They explore strategies for breaking free from limiting beliefs, overcoming procrastination, and harnessing the transformative potential within each of us. With real-life examples and...

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253: The Power of Intellectual Humility show art 253: The Power of Intellectual Humility

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Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. In this thought-provoking episode, Paul shares a profound life lesson he learned from a humbling experience in his corporate career. He emphasizes the importance of intellectual humility – recognizing that we don't have all the answers and being open to learning from our mistakes. Paul discusses how embracing intellectual humility can lead to greater success, resilience, and...

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252: From Debt to Empire Building with Steven Andrews show art 252: From Debt to Empire Building with Steven Andrews

The Wake Up Call

Description:  In this insightful episode, Steven, a seasoned real estate investor, shares his journey from being in debt to building a successful real estate empire. He emphasizes the importance of due diligence, active management, and assessing individual circumstances before investing in properties.  Additionally, Steven discusses creative financing strategies, location considerations, and the potential of distressed properties for wealth building. Paul and Steven delve into the evolving interpretation of the American Dream, highlighting the increasing interest in real estate...

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251: Empowering Landlords to Build Successful Portfolios with Krista Reuther show art 251: Empowering Landlords to Build Successful Portfolios with Krista Reuther

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Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. In this episode, Krista and Paul discussed the advantages of Turbo Tenant, an all-in-one landlord software solution. Krista emphasized that the software, developed with input from landlords, offers a comprehensive suite of features and a free trial, making it accessible to a wider range of users. She also highlighted the company's affordable pricing, driven by its commitment to...

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The Wake Up Call

Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. In this episode, Carmen and Paul dived in to the intricacies of structuring family-owned businesses and managing real estate investments. They discuss the use of subsidiaries, parent entities, and the advantages and challenges of various business structures. Additionally, they explore the benefits of self-directed IRAs for real estate investing, tax planning strategies, and asset...

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249: Unconventional Journey to Real Estate Success with Engelo Rumora show art 249: Unconventional Journey to Real Estate Success with Engelo Rumora

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Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. In this insightful episode, host Paul welcomes Engelo, a self-made real estate entrepreneur with a unique background. From dropping out of school at 14 to playing professional soccer in Hong Kong, and later transitioning to construction and self-development, Engelo's journey is a testament to perseverance and the pursuit of one's passions.  Engelo shares his experiences in the...

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Description: 

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your lifestyle and economy.

In this episode, Paul Thompson shares his insights on developing an effective process for running a successful business. He outlines his approach to setting big, hairy, audacious goals, breaking them down into a 3-year vision and 1-year plan, and then implementing a cadence of weekly tactical meetings and daily huddles to drive execution and accountability. 

Paul emphasizes the importance of having clear metrics, identifying bottlenecks, and building systems that can scale without constant intervention from the business owner. Whether you're a seasoned entrepreneur or just starting, this episode provides valuable takeaways on how to build a thriving, self-sustaining business.

 

Key Takeaways:

  1. Define a clear, measurable "big, hairy, audacious goal" that aligns with your company's mission.

  2. Break down your long-term vision into a 1-year plan with specific initiatives and key performance indicators.

  3. Implement a rhythm of weekly tactical meetings and daily huddles to drive accountability and continuous improvement.

  4. Identify and address the bottlenecks in your business, whether it's processes, communication, or your own involvement.

  5. Strive to build a well-oiled machine that can operate with little to no direct oversight from the business owner.

 

► Resources

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