5 Mindset Shifts Every New Entrepreneur Needs to Make
Do you know what people coming from corporate often miss when they become entrepreneurs, and what it costs them?
In this episode, I share the five things I wish I had known when I first started my journey as an entrepreneur. If you’re currently an employee thinking about starting a business, or you’ve just started one and you’re trying to get traction, these are the mindset shifts that would have sped up my progress.
I use my own path from aerospace engineer to running a multifamily investing business to walk through how I think about each one, whether your business is real estate-related or something else entirely.
What We Cover
The mindset shifts every entrepreneur needs to make
Why your salary expectations from corporate life will work against you when you’re starting out
The snowball effect of building competency, and why the money comes later than you think
The difference between trying hard and actually getting results, and why effort alone doesn’t cut it in entrepreneurship
Why finding a blueprint saves you from expensive mistakes
The fastest path to learning more about your business
Key Takeaways
Most of your earning potential comes years down the road, once you’ve built real competency, not in your first year or two
You can’t microwave a relationship, and investor or partner conversations need to start months before you need them
In entrepreneurship, effort and good intentions don’t count if you don’t hit the result, but the same results get easier over time
If you only work in your business, you cap its growth, so the goal is to put the right people in the right seats
Someone who has already built what you want to build can save you weeks of stalled decisions and a lot of “dumb tax”
In multifamily, most new investors lose deals because they stall on details an experienced person could answer in minutes
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