1 Ceo Business Mastery Model Week1
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Transcript of 1 Ceo Business Mastery Model Week1
CEO 2.0 Business Mastery
Why Your Real Estate Business Is
Guaranteed to Fail?
… What to Do About it.
Problems with Most REI Business
First Problem-Technique Driven Business
Second Problem- The Lone Ranger Approach
Third Problem- What Entities to Use To Grow and Protect Their Assets Effectively & Efficiently
#1 Problem with Entrepreneurs
#1 Problem with Entrepreneurs is after 18 month no-management –system infrastructure
What is Your Challenge?
What to do about it?
The Three Most Important Segments of Your REI Business
Step by Step on How to Start & Run Your REI Business
Steps You Must Follow to Build Your “Dream Team”
What Entities to Use in Your Business
Gary Keller, Owner of Keller Williams Realty, interviewed over 100 investors in the United States for the book
“The Millionaire Real Estate Investor”
Business System
“The Book was such a hit”
That Gary Keller decided to
make a DVD featuring 2 of the 100 + investors that were interviewed,
and Elmer Diaz and our Pasadena, Texas Franchise was selected as one of the two investment companies for the DVD
Business System
What would it take?
Do Know the Definition of Insanity?
Change Your ParadigmsPersistence
3 Other Profound Business Books
E-Myth by Michael Gerber Rich Dad, Poor Dad by Robert Kiyosaki 4- Hours Work Week by Timothy Ferriss
7 Keys to Success in Life
1. Develop the right Y2. Develop the right
Attitude3. Define your Vision,
Dreams & Goals4. Get Smart-Seek
Knowledge5. REI Business Model6. Networking7. Wealth Mastery
Once you have your Vision
Implement an Action Plan Speed of Implementation Do it NOW! If you are waiting for perfection you
will go broke Take Action NOW! And Twick it as
you go… Are you trying to crawl, walk, or run
to success
3 Question You Must Ask Yourself?
Is this a Hobby? Do you have time and money to
waste? Is this going to be a business?
Trial & Error
My Story Why ?
Is all about Your Vision!
“If you really want to do something in life,
you will find the way!”
“If you don’t you will find the excuse.”
Attitude
Define Your Vision
Entrepreneurs are Problem Solvers-Opportunity Finders
Solve Problems for people at a profit
Investor’s Path
Career Change Path Part-Time Path Wealth Builders Path
What Do You Want To Build?
Are You Going to Work “IN” Your Business?
Or do You Rather Work “ON” Your business? …
That is the key to building a Successful Real Estate Investment Business.
The Mentality of the “Wealthy”
First and foremost, we have to educate ourselves on the concepts that make you wealthy!
Finance 101
Poor Class Mentality (Survival) Middle Class Mentality (Consumption) Wealthy Class Mentality (Net Worth)
The poor and the middle class live in a “rat-race”
The Poor: Work for a Living-Go from Income to Expenses. Income comes after Taxes
Income
Expenses
The poor and the middle class live in a “rat-race”
The Middle class: Work for a Living-Go from Income to Liabilities, then to Expenses- Income comes after Taxes & Assets are Liabilities
Income
Expenses
Assets Liabilities
The Wealthy… on the other hand!
Work for new assets-Money goes from income to assets, then to Entities
Income
Expenses
Assets LiabilitiesEntities pay Expenses and Liabilities, then whatever leftPays taxes
Entities
Then back to Income.
BUSINESS MODELS
E-MYTH MODEL RICH DAD-POOR DAD MODEL 4 HOUR WORKWEEK MODEL ELMERS CEO BUSINESS MASTERY
MODEL
E-Myth Business Model
Technician Manager Entrepreneur
Rich Dad, Poor Dad Business Model
Employee Self Employed Business Owner Investor
4-Hr Work Week Business Model
You Outsource
Everything
What is Your Business Model?
Traditional Corporate Structure Team Concept Structure NEW CEO 2.0 VIRTUAL BUSINESS
STRUCTURE
Your Business Model
Departments or Divisions Procesess
Tasks Action Steps
Everything else is a project that required the use of 1 or more divisions with its processes and tasks along with time tables and benchmarks
Analyze Your Actual Business
How are you doing on cash flow-Are your Finances in Order Re-arrange Expenses
Paid Now Paid Latter Re-structure Debt
Cash Coming Now New Revenue Generators
Analyze Your Actual Business
Look at the Systems that Need Implementation Prioritize based on Quick Cash Flow &
Quick Implementation Time Tables
A-Money Today B-Money Tomorrow C-Needs to be done (sometime)
Bench Marks (based on priorities)
Welcome to the CEO 2.0 BUSINESS MODEL
Real Estate
Investing
Your Road 2 Success, Freedom and Wealth.
Where Do you Need to Spend Time?
Is it in Marketing Is it in Production Is it in Business Management Or is it in Cash Flow
Stop the leaks and drain Start Cash flowing
Real Estate
Investing
The core of the business is Real Estate.
Let’s Take a Helicopter View
Real Estate
Marketing
Business Mastery
Financial Plan
Marketing Plan
Business Plan
LEAD
Converting Suspects intoProspects into Contract $$$
Advert
isin
g
Direct
Indire
ct
Researc
h
Onlin
e
Offlin
e
Refe
rra
ls
Word
of
Mouth
Netw
ork
ing
Business Planningand
Financial Analysis
Dream TeamSelection andManagement
Entity Structuringand
Optimization
You, Incorporated
Family LimitedPartnershipLong-term Keeper
Land TrustProperty
Limited LiabilityCorporation
Family TrustOwns
Owns
Owns
Owns
Manages
3
21
You
BUY
· Bird Dogs· Acquisition Specialist· Wholesaler· R.E. Agents· People who are sources for referrals
EXIT
· Retailer· R.E. Agent· Property Mgr.
HOLD
· Handyman· Foreman· General Contractor· Sub-contractors
Personal Mgr.
ACQUISITION1st Set of Skills:Lead Generation
HOLDING
EXIT STRATEGIES
2nd Set of Skills:Rehabbing
3rd Set of Skills:R.E. Investment
Game Plan
Private Lending
Rental
Retail
Wholesale
The Whole Picture
Don’t Miss Next Weeks Class, When We Get Dip Into the
Model