What I truly appreciate is the “forced” time with my family, spending days with them and toiling through the day-to-day responsibilities while trying to keep our businesses afloat.
It’s been life changing to watch my wife do this dance of mother, teacher, business woman, community supporter, home maker…there will never be enough Mother’s Days to show my appreciation for her. I hope all of you were able to really celebrate who ever it is in your life that fills that role for you!I’ve also had quite a bit of time to reflect on the past and remember some of the lessons that I’ve learned over the course of almost 1,000 deals. I thought I would share those with you today:
Trying to piece together data and recreate what
you think you “remember” after the fact is NOT effective.
Outsource your Bookkeeping Immediately!2. Find the DEAL first!
This is THE MOST IMPORTANT part of the entire investing process.
Get great at this, now.
3. CONSISTENT HARD WORK beats talent, competition and resources.
Hard work beats everything when everything doesn’t work hard, end of story.
4. Set your goals to deliver consistent behaviors
and processes vs the outcome. Break your BIG goals into bite sized pieces!
5. Document and systemize EVERYTHING. Stop winging it.
6. Delegate but DON’T ABDICATE. You can’t do it all.
7. Assemble a TEAM!
Seek those who are good at what you are not and hire them.
8. BUY more and SELL less.
Cashflow FOREVER vs Cashflow NOW – Play the long game.
properties you still own that are free and clear?9. UNDER promise and OVER deliver.
10. Learn from others mistakes because you won’t be alive
long enough to make them all on your own.
Register for a free webinar and lets talk shop.
You are invited to a Zoom webinar.
When: May 15, 2020 10:00 AM Eastern Time (US and Canada)
Topic: My Webinar
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~ Obi Dorsey