I want to start off this weeks post by saying Happy Birthday to my son Will Jr! He turned 2 years old yesterday and it was a blast watching him open all of his presents. This is the first time he has known what he was doing and ripping the paper off his presents on his own. He even woke up Saturday morning saying “open presents.” My family is the reason I do all of this so I certainly want to include them here. Happy Birthday little man!
If you have been reading this blog you know that I am a member of a mastermind group called 7 Figure Flipping hosted by Justin Williams and Andy McFarland. If you don’t know about this, check out the post I wrote about the first meeting we had 4 months ago HERE.
I’m not going to go back through what we do in this group but the 35k foot view is a bunch of business owners discussing what is and isn’t working in their business at the moment. We help each other in an attempt to elevate our businesses to the next level and achieve continued success without having to reinvent the wheel or fail over and over. It’s like “hacking” the system to achieve success faster!
This particular meeting was hosted in Farmington, UT. If you haven’t been there before, it is just outside of Salt Lake City and it is gorgeous. I loved waking up to the view of the mountains that still had snow on them in June! Running in the morning was difficult for me due to the elevation but the views were breathtaking. This is Andy’s home and he was an incredible host to say the least. Thank you Andy for putting on an incredible meeting and to your wife Brie for hosting a great party!
The group itself had a few new injections of owners but overall it was the core group from the last meeting. The newcomers brought with them a level of energy and enthusiasm that was contagious to all of us! With a new view on all of our businesses, they were able to pick out things that the others may have overlooked by bringing a different perspective. I was extremely impressed with the level of success each business has had over the last 4 months. I knew from the first meeting that the overwhelming majority of the group was going to be incredibly successful. However, I was really shocked out how well some of us have done and will continue to do.
I’m not going to get into the details of what everyone is doing due to the NDA we all sign before going. We literally open the doors to our entire business and share all of the details, nothing is held back. It was clear that some of the members of the group will reach the seven figure mark this year, an extremely encouraging accomplishment to all of us. And it also appeared that everyone was on an upward trajectory in their businesses and will get there eventually if they keep doing what they are doing and asking for advice from the group when they get stuck.
The biggest takeaway for me from the week was that following a proven model and system will work. If you take the time to learn from those who have succeeded and put those same practices in place in your business, it will work! There will be plenty of challenges along the way that have to be handled but as long as you stay focused and driven they can be overcome. Inside of that successful model is PEOPLE. To be successful in this business you have to find and hire great people who are all working toward the same end goal. You must align their interests with yours and place trust in them to accomplish the tasks you train them to do. A successful company is really just the sum of all the parts that make it up, and those parts are the people inside of the business. Without them, it wouldn’t be possible.
I know this post is a little bit vague and there isn’t any actionable items in here for you to do. But if you are looking to scale your real estate business or any other business for that matter, I would suggest that you bring on help and hire for where you want to be not where you are. Find a way to scale responsibly and efficiently so that you can achieve the goals you set for yourself and your business.
Leaving the meeting last time my mind had been completely blown and my mindset had shifted to a new level of thinking about success and goals. It was nice to see the new additions to the group on the last day and ask them what they thought about their first meeting. It was clear that they felt the same way I did four months ago leaving San Diego. This time I leave focused on my business and where I need to be at the next meeting in October.
I also found myself thinking about the future of this group and where it will be in a few years. There are other high-level mastermind groups out there and I know this one has the ability to rise up and compete with them in the elite category very soon. The way I see that happening is if the successful people in the group stay on board and continue to breed success for all of the others. Eventually it will be 10x harder to join and there will be an intense selection process along with the entry fee. I look forward to coming back here in a few years and reading these early posts about the mastermind group and see how things actually turn out.
The power of these mastermind groups is clearly driven by the people in the group. If the members are quality, the whole group will succeed. I certainly don’t want to downplay Justin and Andy’s involvement or value to the group because we certainly need them and rely on their expertise. Without them, it would have never happened and they jumpstarted this whole mindset shift and successful, systemized thinking in all of us.
I have said it before and I’ll say it again, if you are the average of the 5 people you spend the most time with, I will be just fine! I want to thank everyone in the group for sharing what they are doing in their businesses and helping me succeed in mine! I can’t wait to hear all about your successes in October. Lastly, if you are thinking about joining this group or another mastermind like it I have one thing to say to you, what are you waiting for? It will be more expensive not to or to wait, TRUST ME!