Aug 28, 2021
We all have our various procedures we follow with our properties, which together are referred to as our system. But did you know there is a larger system that can be used not just with your properties, but with your entire business? That’s what we are talking about today on Flipping America.
The Entrepreneurial Operating System is a set of common-sense, field-tested, proven principles that govern the planning and implementation of a business. It makes things run more smoothly, the company grows, profits go up, and life is good. Very few people have a natural ability to manage a company this well instinctively and when they do, guess what? They are instinctively using the principles codified in the EOS. This system is not just the latest business fad theory. It’s a practical approach gleaned from observations over many years of some of the most successful and effective businesses on earth.
Brian Sulka is a Professional EOS Consultant. He recently did a webinar for the Flipping America REIA that we called a Deep Dive into EOS. I’m going to play some of that webinar for you today. If you want the entire presentation, go to flippingamericareia.com for more details.
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Sponsors
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Announcements:
- The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.
MIndset Moment:
I’ve watched new people come in for years. Those with an edge hit stride quickly and do well. For others it takes longer. It’s a steep learning curve
Real Estate
Business Ownership
Remodeling
If you have a background in one of those you have a leg up on others who are getting into the investing world.
News and Resources:
- Want to sell a home to a Millenial? Try one of these top ten cities where Millenials are buying. https://www.forbes.com/sites/ellenparis/2021/01/18/the-most-popular-cities-for-millennial-homebuyers-according-to-lendingtree/?ss=real-estate&sh=6a876f6f362e
Questions from Listeners:
- Altomar, Boulder, CO, “Prices are crazy here anywhere near the campus. What would you suggest to people with a bit of money but not enough to do a 600k loan?”
- Lamar, Atlanta, GA “The house across the street from my current project is vacant and the owners stay just about a 3 minute drive from where I live. I’m pretty sure they inherited it. I thought about knocking on their door the other day, but I don’t know what I would say. How would you try to buy it?”
Motivational Quote:
“The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint to keep from meddling with them while they do it.” – Theodore Roosevelt