Competition
THE HARDER THE PROBLEM, THE MORE LIMITED THE COMPETITION
I’m most known for building a builder JV platform from scratch. When I was hired to start the platform, the company was less than a billion in funded volume, had zero JV relationships, and no reputation in the builder community. All the big players that once did builder JVs had all exited the space. No one was chasing builder accounts. We were the lone lunatics trying to solve a hard problem that required a ton of work. Even when we went around the company to try and rally support with other producers and leaders, no one wanted to play with our toys.
Building something from scratch, with no reputation, a non-existent budget, in a time when no one was doing the work was extremely hard. But looking back and comparing things to today, NO ONE was in the space. There was no competition internally or externally because the problem was too hard, and the work was too great. People couldn’t see the potential and weren’t willing to put in the work. The good stuff always seems impossible until it’s done.
As I’m working on new projects, I am seeing the exact same reoccurring pattern. When things are hard, manual, and seem out of reach or when the gain is not obvious and requires a lot of work, the competition is almost non-existent. The highest success and returns almost always begins where the problem is hard and the competition is limited.
Notes that Resonated
If you want something bad enough, you can find a way
Begin before you are ready and have faith
Courage first starts by showing up -Brene Brown
No one cares about your excuses except you…
Just because something happens outside of your control doesn’t mean it’s not your responsibility
Be the lead servant on your team
“THE HARDER THE PROBLEM, THE MORE LIMITED THE COMPETITION”- (What it takes)
You have to consistently make deposits of hard work, so the benefits are there when you need to withdraw
How to have faith like a farmer:
Sow before you see it
Sacrifice before you see it
Start it before you see it
If you have a why you, can handle any how
God give me your forgiveness for them
Nothing is too great for your power or too small for your love
Recruiting & Performance:
8’s - Do the things you tell them
9’s - Execute on and Develop good Strategies
10’s - Always make it rain and take the business in a new direction without being told to do so
Build an outstanding team by hiring and keeping 8,9’s and 10’s. But the real magic is in the 10’s.
Productivity:
Week template for tracking time and the most important tasks https://youtu.be/jckqcRTntVg
Things to read:
Videos I watched:
Top Quotes:
“Money is a poor cure for a bad situation” - what it takes
“Success isn’t that difficult; it merely involves taking twenty steps in a singular direction. Most people take one step in twenty directions.” - Benjamin Hardy
“Successful people are always looking for opportunities to help others. Unsuccessful people are always asking ‘what’s in it for me?” - Brian Tracy
"Character, like a photograph, develops in darkness." - Yousuf Karsh
The seeds of creation are sown during destruction. -Sahil Bloom
Food & Drink
This is a fun easy treat for Saturday morning. Add a little warmed fruit and whipped cream and you have yummy treat.