All coins have three sides: Heads, tails, and edge. ~-Robert Kiyosaki
Find a need and fulfill it. Successful businesses are founded on the needs of people. ~A. G. Gaston
It always looks impossible until it's done. ~Nelson Mandela
If you’re creating a company, it’s important to limit the number of miracles in series. Start with something that’s the most doable and then expand from there. ~Elon Musk
Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus. ~Alexander Graham Bell
God, make me so uncomfortable that I will do the very thing I fear. ~Ruby Dee
The most difficult thing is the decision to act. The rest is merely tenacity. ~Amelia Earhart
Software being "Done" is like lawn being "Mowed". ~Jim Benson
A person with a new idea is a crank until the idea succeeds. ~Mark Twain
Everybody told me no at first, including my wife. I turned the nos into yeses and the disadvantages into advantages. ~John H. Johnson
The best way to make dreams come true is to wake up. ~Mae C. Jemison
Traction’s chapter on The Data Component describes a pilot flying over an ocean. During the flight, the pilot announces:
I’ve got bad news and good news. The bad news is that our gauges are broken. We don’t know how fast we’re flying or in what direction, and we don’t know our fuel level. The good news is that we’re making great time!
An entrepreneur needs data to run a business, just as a pilot needs gauges to fly a plane. Data makes progress visible, and data also tells us when course corrections are needed.
Anyone who invests in commercial real estate (CRE) is buying a multi-million-dollar business secured by real estate. A successful business will generate a profit. A wise investor will be reasonably sure of profitability before investing.
Nashville: Thank You!
The Nashville Multifamily Meetup Group hosted an underwriting discussion, and they invited me to present. Thank you Josh Cooper and Tommy Brant for making it happen!
When people are looking down the barrel of failure in their lives, they will do whatever it takes to get themselves moving…
…you already know how to do everthing it takes to make yourself an outrageous success.
-Jeff Olson, Author of The Slight Edge
Jeff Olson is a business leader, CEO, and a perpetual student of personal development. He has spent years observing business professionals, especially himself. After watching people make and lose fortunes in business, athletics, and other worthy endeavors, Olson documented the patterns of survival, failure, success, and self-sabotage that all of us experience.
Humans are pattern-recognition engines. When we see a pattern and when we know what to do about it, we can improve our results. That’s one of the messages of The Slight Edge.
The Entrepreneurial Operating System (EOS) as described in the book Traction consists of six components. The second component, People, focuses on attracting the right people to the team and putting them in the right positions within the organization.
Who Not How by Dan Sullivan and Dr. Benjamin Hardy, is a book that explores one way that people can come together to form effective organizations.
One thing I admire about the book Traction: The author borrows business concepts from other books, while giving generous credit to each source. For example:
The idea of getting the right people in the right seats comes from the book Good to Great by Jim Collins.
Organizing a business around three key components (finance, marketing, and operations) comes from Michael Gerber’s E-Myth Revisited.
The Entrepreneurial Operating System (EOS) adds value by molding these concepts into useful tools. This post discusses tools that leaders need when interacting with their team.
