Cockpits, Real Estate Investing and Generational Wealth
Summary:
What are some of the biggest fears that are holding you back from achieving your moonshot goals? And how can you cut them to shreds and achieve the transformational success that has eluded you so far?
Our guest for today, Steve Rozenberg is a real estate entrepreneur and business coach, Steve Rozenberg who shares with us his distilled wisdom on scaling and standardization and achieving sustained business success.
A commercial airline pilot, Steve was forced to reassess his life priorities after the 9/11 tragedy. From real estate wholesaling to single-family investing to finally, property management, Steve has managed to successfully transition across different industry verticals. And he has learned a ton in the process.
On today’s show, you will learn why emotional detachment is critical for running your business in an efficient manner. Additionally, Steve shares some golden nuggets for achieving massive scale and success.
Towards the end of the show, you will learn how to keep yourself motivated and find your life’s purpose once again after achieving your moon-shot goal.
We hope you enjoy this show!
Key Takeaways:
- 00:21 – Who is Steve Rozenberg?
- 01:43 – Why did Steve go for a “safe and secure” career as an airline pilot?
- 05:42 – How 9/11 forced Steve to reassess his priorities
- 08:27 – First tryst with real estate investing
- 10:10 – Steve reveals the ONE attribute that helped him make a ton of money in real estate investing
- 11:29 – Learning an important investing lesson the hard way
- 13:07 – Honing in on the systems and processes that ultimately pave the way for a property management business
- 14:39 – The turning point – How working with a coach helped Rozenberg and his partner steer their business in the right direction
- 16:14 – Developing a growth mindset, and scaling your organization to the next level
- 19:13 – Why it is important to have an end goal even when you start your business
- 24:03 – Taking a step back and running your business in a hands-off, emotionally detached manner
- 25:11 – Can you experience transformational success without experiencing failure?
- 28:09 – Why training and standardization are key for scale and growth
- 33:07 – Taking failure in your stride, and why you should not care two hoots about naysayers who are just trying to bring you down
- 40:00 – What is the biggest reward that comes with being an entrepreneur (And no, it’s not freedom)?
- 42:53 – What is the ONE thing behind Steve’s success as a business coach?
- 49:00 – Do you find yourself demotivated and lacking purpose once you achieve your moon-shot goal?
- 52:56 – How has Steve successfully evolved his persona over the years?
- 56:07 – What advice would Steve give his sixteen-year-old self?
- 57:20 – What would be Steve’s last meal on earth?
- 58:26 – Steve’s favorite music band
- 58:42 – Connect with Steve!
Quotes:
“And if you can learn how to negotiate, and you can learn how to communicate, you can do very well in any field doesn't matter what it is, whatever the whatever the commodity is that you're selling, I've learned that the better communicator you are, the better off you'll be”.
“The biggest challenge with growing a company is getting that leader to get out of their way to let ego and pride step aside, and let the business actually do what it's supposed to do, which is run by processes and procedures”.
“If you don't have a sale date, that means you don't have a saleable asset. A saleable asset means that the business runs without any of your involvement”.
“The biggest challenge most business owners have is they don't start with the end in mind”.
“When we birth a business, it's ours. It's our DNA, right? It's our identity. But the challenge is a business has no one's DNA or identity on it”.
“Shouldn't you be focused more on the training and scaling side? To be able to make this a generational company, as opposed to just being busy?”
“I think when folks can come off as their authentic self, I think you open doors and pathways that you wouldn't even dream of that people will resonate with you, they'll trust you, they want to do business with you”.
“I have learned that our lives are a book, right. And books are made up of chapters, some chapters are long, some chapters are short”.
Resources:
Connect with Ben!
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