THE BUSINESS MIND MEMO
Interesting business insights, marketing strategies, and tactical tools - every weekend
QUOTES OF THE WEEK
FROM 60K FLIP TO A 170,000 UNITS WITH JERRY FINK
How do you grow your business? What are the steps you should take? Learn these and more from Sharran’s guest Jerry Fink, managing partner at The Bascom Group, a private equity firm. In today’s episode, Jerry shares his journey from starting with just one small deal to becoming the successful entrepreneur that he is now. He takes us through the lessons he learned along the way and gives tips on how we can do the same.
“Learn the market first, start small, get that deal, and put together a business plan.”
– Jerry Fink
1:19 How Jerry started with real estate
8:15 Unconventional means to get funding
12:29 Finding something in your backyard
14:29 What metric should you look for in a business plan
16:51 Looking at macro trends in housing
22:49 Always go back to your business plan
27:48 Jerry’s outlook for the future
31:45 Bascom’s playbook
41:49 Jerry’s tips to stay sharp and in shape
45:59 Lessons learned from Jerry’s experience
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SOMETHING TO PONDER
This makes everything easier...
Do you know the ONE thing that makes everything easier?
That’s the question that my friend and brand advisor Dean Aguilar asked me.
I stopped to think about it…
- 6-pack abs
- … I was not 100% sure
Then Dean said to me…
“The one thing that makes everything infinitely easier in business is… being famous.”
In the “olden days”, the only sure-fire ways to get famous was to have a New York Times Best Seller, Win a Grammy, run for President, or be ultra-hot.
But Dean believes there is an easier way.
He walked me through all the brand partnerships that he has built with various publications where his team can pitch your story and get you featured in various publications.
Now, this is not like an ad.
This is where you get a PR like pitch, and a real story is written about you, your brand, and ties into why you are amazing.
Dean actually launched a very cool “Press Package” where his team does all the work to make you famous.
While this is not for everyone, if you are interested in this you should check it out.
>>> Click here to learn about the special press package that Dean is offering
BTW, this is not an affiliate link or anything like that. I am just sharing hoping this will help you. Several of my clients have worked with Dean and his team, and you should consider it if this is the right fit for you.
Remember, everything is way easier when you are… famous!
Sharran “making you famous” Srivatsaa
PROGRESS v. PERFECTION
Want to know what’s crippling your progress?
I’ve noticed that a lot of the time, people say they’re a perfectionist when they’re really not.
It’s mostly a lie that people tell themselves when they just haven’t taken any action yet.
Instead, the thing you want to be doing is to take that first step.
Let’s take jogging as an example…
It’s all about making incremental progress.
Because once you reach your limit, you can set yourself a goal of getting past your own milestone.
And I believe that running a successful business is the same thing.
You don’t have to have everything figured out in advance.
And if you take a look at every single successful entrepreneur…
They’ll tell you that nothing really went exactly according to plan.
Because their business model today could be totally different to how they envisioned it 5 years ago.
So instead of trying to be perfect, go in the opposite direction…
And strive for progress instead.