Podcasts about hour work year

In episode 2.4, Scott and Vince welcome entrepreneur and business owner, Troy Hoffman to the show. Recently, Troy has turned the day-to-day operation of his two businesses over to his leadership team. He still maintains ownership of Simpluris and BalanceGenics, but having adapted concepts from The 40-Hour Work Year by Scott Fritz to fit his style, he was able to set up his businesses, hire the right people, and now turn his attention to the next big thing. Listen in to this fun and interesting conversation as Troy shares from his experience and Scott and Vince discuss with him about the hurdles, the successes, and more. Tune in today! To learn more about our hosts, Scott De Long and Vince Moiso, please visit theceopodcast.net. With questions, or to make suggestions for future topics, please contact them at scottandvince@gmail.com. Cheers!  

How close are you to living the dream? Are you clear about what that looks like? What's your endgame? For what purpose are you working so hard in your clinic? In this episode, Nathan Shields talks to Scott Fritz, author of "The 40 Hour Work Year" discusses what all owners should consider - what is their exit strategy? In other words, begin with the end in mind. Whether you're looking to sell your practice in the next 3-5 years or you're thinking of retirement in 20 years it's necessary to know what the goal is because eventually, it will happen. Scott shares with us how to be prepared. Love the show? Subscribe, rate, review, and share! https://ptoclub.com/

With winter coming, what a perfect time to revisit one of our favorite episodes with an encore presentation of Brad Caton:On this episode, Grant speaks with Brad Caton, the Founder of Invictus Professional Snowfighters, a leading snow and ice management company in the Pacific Northwest that is solely dedicated to snow and ice management. Brad shares his extensive industry knowledge, insight and experience. If snow removal is any part of your business, you'll want to hear today's episode.Brad Caton LinksFacebookLinkedInFirst in Snow by Brad CatonCEO Coaching ProgramThe 40-Hour Work Year by Scott FritzThe E-Myth by Michael GerberHow to Win Friends and Influence People by Dale CarnegieThink and Grow Rich by Napoleon Hill Invictus SnowfightersInstagramWebsite            TechnologySiteFotos -field tracking app, allows crews to document their work with time- and location-stamped photos, while also offering site mapping, time tracking, document organization and moreYeti Snow Management system – route planning, crew tracking, equipment inventory, record keeping and more Connect with GrantWebsiteFacebook InstagramLinkedInTwitter Email

Scott Fritz is the Founder of Growth Connect and currently oversees acquisition, funding, and strategy for SGI Property Management, which operates in three states and manages 1,300 properties. He is the author of The 40 Hour Work YEAR, which chronicles his entrepreneurial journey firsthand as he shares strategic business methods, action-focused exercises, and the mindset philosophy that allowed him to achieve a 40 hour work year.  Scott acquired an insurance company, Atlantic Insurance, a property and casualty agency in 2010. He then rebranded it, repositioned it, and sold it two years later. He also founded Growth Connect in 2008, which is a coaching and exit planning services business. Scott has been an active angel investor since 2001. He founded Human Capital in 1997, which he grew into a nationwide player with annual revenue of $170 million in 2007, and later sold it at the end of 2007. Scott Fritz, the Founder of Growth Connect, is John Corcoran's guest in this episode of the Smart Business Revolution Podcast where he talks about his strategies for growing a business to $170 million in annual revenue. Scott also explains how he manages various businesses from different industries, how his business has been positively impacted by Entrepreneurs' Organization, and how he handled the effects of the 9/11 tragedy.

On this episode, Grant speaks with Brad Caton, the Founder of Invictus Professional Snowfighters, a leading snow and ice management company in the Pacific Northwest that is solely dedicated to snow and ice management. Brad shares his extensive industry knowledge, insight and experience. If snow removal is any part of your business, you'll want to hear today's episode. Brad Caton LinksFacebookLinkedInFirst in Snow by Brad CatonCEO Coaching ProgramThe 40-Hour Work Year by Scott FritzThe E-Myth by Michael GerberHow to Win Friends and Influence People by Dale CarnegieThink and Grow Rich by Napoleon Hill Invictus SnowfightersInstagramWebsite            TechnologySiteFotos -field tracking app, allows crews to document their work with time- and location-stamped photos, while also offering site mapping, time tracking, document organization and moreYeti Snow Management system – route planning, crew tracking, equipment inventory, record keeping and more Connect with GrantWebsiteFacebook InstagramLinkedInTwitter Email

Scott Fritz is an entrepreneur, angel investor, business coach and public speaker. He’s the author of “The 40 Hour Work Year.” His book teaches business owners how to become passive investors in their businesses.In this interview we discuss how he founded Human Capital, what he learned from growing and selling his company. We then dive into an overview of Scott’s book including….the ownership paradoxa 9-step process for developing SOPshow to use a decision matrixhow to develop a “people plan”how to create a culture of intrapreneursthe most important metrics to track if your goal is to sell your companyScott’s favorite tools for tracking KPIsAfter the interview…Read “The 40 Hour Work Year” https://www.amazon.com/40-Hour-Work-YEAR/dp/0557385210Take the 40-Hour Work Year online course http://40hourworkyear.comConnect with Scott on LinkedIn https://www.linkedin.com/in/growthconnect

Hey, Everyone! Today I share the mic with Scott Fritz, the author of The 40-Hour Work Year. Tune in to hear our EO Mastermind Cabo Speaker talk about why he sold his multi-million dollar business, how he transitioned himself out of his own company in 18 months, and how his work schedule inspired him to write his book on time efficiency. Click here for show notes and transcripts Leave Some Feedback: What should I talk about next? Who should I interview? Please let me know on Twitter or in the comments below. Did you enjoy this episode? If so, leave a short review here Subscribe to Growth Everywhere on iTunes Get the non-iTunes RSS Feed  Connect With Eric Siu:  Growth Everywhere Single Grain Eric Siu on Twitter

OVERNIGHT SUCCESS 10 YEARS IN THE MAKING! - Weed To Know Basis Episode 47 is Out Now! Today we got a hot one for you. In the house is special guest and close friend Scott Fritz. When I say this man is a Serial Entrepreneur, I mean he does it all, Business Coach | Author | Speaker | Serial Trep | Angel Investor. In 2010 Scott authored The 40 Hour Work YEAR | 40hourworkyear.com. The book chronicles Scott’s entrepreneurial journey first hand, as he shares strategic business methods, action focused exercises and the mindset philosophy that allowed him to achieve The 40 Hour Work YEAR and become a passive investor in his own business. Using his book as a platform, Mr. Fritz facilitates workshops and is a keynote speaker for dozens of groups every year. Scott founded Growth Connect in 2008. By leveraging business coaching and exit planning services, Growth Connect specializes in transforming businesses into assets. Since 2008 Scott has facilitated over 400 strategic focus sessions. As an active Angel Investor since 2001, Mr. Fritz has invested in over thirty separate ventures. His involvement with these companies ranges from passive investor to business coach and advisory board member. Mr. Fritz founded Human Capital in 1997. He grew the company into a nationwide player with 2007 annual revenues of $170 million dollars. This hyper growth landed Human Capital and its affiliate division on the INC. 500 list in 2003 and 2004 with growth rates in excess of 1,000 percent. Human Capital was sold to a nationwide staffing firm in 2007. The 40 Hour Work year https://www.amazon.com/40-Hour-Work-YEAR/dp/0557385210 Follow Scott: https://www.linkedin.com/in/growthconnect https://www.growthconnect.com Email For Serious Business Inquires: scott@growthconnect.com _______________________________________________________________ FOLLOW FOR THE LATEST IN THE CANNABIS BUSINESS STARTUP WORLD: Instagram - https://www.instagram.com/weedtoknowbasis Twitter - https://twitter.com/WeedToKnowBasis FaceBook - https://www.facebook.com/weedtoknowbasis _______________________________________________________________ The US’ Top Rated Cannabis Mastermind. Learn more here: https://bit.ly/2XXy9HO FREE FACEBOOK GROUP: https://bit.ly/2LoB0yL ____________________________________________________________________ FOLLOW FOR THE LATEST IN THE CANNABIS BUSINESS: Instagram - https://www.instagram.com/weedtoknowbasis Twitter - https://twitter.com/WeedToKnowBasis FaceBook - https://www.facebook.com/weedtoknowbasis ____________________________________________________________________ INTRO MUSIC BY: Rock Angel by Joakim Karud https://soundcloud.com/joakimkarud Creative Commons — Attribution-ShareAlike 3.0 Unported— CC BY-SA 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/K8eRXvLL7Wo Photo by Razvan Chisu on Unsplash

Scott Fritz is a business coach, author, speaker, and angel investor. Back in 1997, he founded a company called Human Capital, and over the next decade, he grew that company to $170 million as an active angel investor. Since 2001, Scott has invested in over 30 separate ventures, and in 2008 he founded Growth Connect, a company that specializes in transforming businesses into assets through exit-strategy coaching. Along the way, Scott authored The 40 Hour Work YEAR, which is a book that chronicles Scott's own entrepreneurial journey firsthand and acts as the playbook for getting out of the day-to-day in your business. Scott is a keynote speaker for entrepreneurs around the world, an advisor, and a leader, and we're excited to have him on the show. In this episode, we talk about intrapreneurial business plans, performance reviews and bonus structures, the decision matrix, an 18 month action plan to the 40 hour work year and more. Find the show notes for this episode here! Host: Chris Ronzio Brought to you by Trainual

Scott Fritz is the author of The 40 Hour Work YEAR, a short read about his POD model. Scott gives talks on his method of exiting a business that is both beneficial to you and healthier for the business. He shares the triggering events that led to this life-changing system. Some would say Scott’s story is impossible but his approach is logical and actionable. If you are considering exiting your company but you are too tied up in it to make it a reality, Scott has a method that you really need to know. What you will learn: Scott’s presentation Transition, Position, Acquisition. Why he wrote The 40 Hour Work YEAR. Scott’s “mirror moment” and what he did about it. The Transition Plan out of the business, the beginning. How to create a culture of intrapreneurs. How 9/11 slowed things down. What ego really means in business, and getting past it. Scott’s rule of thumb for engaging his employees to step up. The #1 metric that Scott considered the most important. Scott’s “weed-eaters” and how it improved the business. The importance of an organizational chart. The POD model and how it works. Why your culture could be the problem. The team that helped Scott exit. The types of buyers that approached Scott. Scott’s 3-step process to Angel Investing. Scott’s final thoughts. Takeaways: Start thinking about transitioning out of your business. Reframe how you view your business. Look at it as if you are working out of it. You'll be happier and more successful. Links and Resources: GEXP Collaborative Growth Connect The 40 Hour Work YEAR by Scott Fritz Scott Fritz on LinkedIn Scott’s email About Scott: Scott Fritz currently oversees acquisition funding and strategy for SGI Property Management. SGI operates in 3 states and manages over 1,300 properties. In 2010 Scott authored The 40 Hour Work YEAR. The book chronicles Scott’s entrepreneurial journey first-hand as he shares strategic business methods, action-focused exercises and the mindset philosophy that allowed him to achieve The 40 Hour Work YEAR and become a passive investor in his own business. Using his book as a platform, Mr. Fritz facilitates workshops and is a keynote speaker for dozens of groups every year. Mr. Fritz acquired Atlantic Insurance, a property and casualty agency, in 2010. After rebranding and repositioning, the agency was sold in December of 2012. Scott founded Growth Connect in 2008. By leveraging business coaching and exit planning services, Growth Connect specializes in transforming businesses into assets. Since 2008 Scott has facilitated over 400 strategic focus sessions. As an active Angel Investor since 2001, Mr. Fritz has invested in over thirty separate ventures. His involvement with these companies ranges from a passive investor to a business coach and advisory board member. Mr. Fritz founded Human Capital in 1997. He grew the company into a nationwide player with 2007 annual revenues of $170 million dollars. This hyper-growth landed Human Capital and its affiliate di

Scott Fritz is the author of The 40 Hour Work YEAR, a short read about his POD model. Scott gives talks on his method of exiting a business that is both beneficial to you and healthier for the business. He shares the triggering events that led to this life-changing system. Some would say Scott’s story is impossible but his approach is logical and actionable. If you are considering exiting your company but you are too tied up in it to make it a reality, Scott has a method that you really need to know. What you will learn: Scott’s presentation Transition, Position, Acquisition. Why he wrote The 40 Hour Work YEAR. Scott’s “mirror moment” and what he did about it. The Transition Plan out of the business, the beginning. How to create a culture of intrapreneurs. How 9/11 slowed things down. What ego really means in business, and getting past it. Scott’s rule of thumb for engaging his employees to step up. The #1 metric that Scott considered the most important. Scott’s “weed-eaters” and how it improved the business. The importance of an organizational chart. The POD model and how it works. Why your culture could be the problem. The team that helped Scott exit. The types of buyers that approached Scott. Scott’s 3-step process to Angel Investing. Scott’s final thoughts. Takeaways: Start thinking about transitioning out of your business. Reframe how you view your business. Look at it as if you are working out of it. You'll be happier and more successful. Links and Resources: GEXP Collaborative Growth Connect The 40 Hour Work YEAR by Scott Fritz Scott Fritz on LinkedIn Scott’s email About Scott: Scott Fritz currently oversees acquisition funding and strategy for SGI Property Management. SGI operates in 3 states and manages over 1,300 properties. In 2010 Scott authored The 40 Hour Work YEAR. The book chronicles Scott’s entrepreneurial journey first-hand as he shares strategic business methods, action-focused exercises and the mindset philosophy that allowed him to achieve The 40 Hour Work YEAR and become a passive investor in his own business. Using his book as a platform, Mr. Fritz facilitates workshops and is a keynote speaker for dozens of groups every year. Mr. Fritz acquired Atlantic Insurance, a property and casualty agency, in 2010. After rebranding and repositioning, the agency was sold in December of 2012. Scott founded Growth Connect in 2008. By leveraging business coaching and exit planning services, Growth Connect specializes in transforming businesses into assets. Since 2008 Scott has facilitated over 400 strategic focus sessions. As an active Angel Investor since 2001, Mr. Fritz has invested in over thirty separate ventures. His involvement with these companies ranges from a passive investor to a business coach and advisory board member. Mr. Fritz founded Human Capital in 1997. He grew the company into a nationwide player with 2007 annual revenues of $170 million dollars. This hyper-growth landed Human Capital and its affiliate di

Scott Fritz believes that if you are a property management business owner and you stay in that business, your company will be worth less than it would be if you train your company to work without you. He joins Alex on The Property Management Show this week to discuss the different between an entrepreneur and […] The post The 40-Hour Work Year: Are You Working Too Much in Your Property Management Business? appeared first on Fourandhalf Marketing Agency for Property Managers.

Today I'm speaking with Scott Fritz. Scott is life-long entrepreneur and MAP Development Partner in Austin, Texas with over 20 years as an entrepreneur and strategic developer and Scott also happens to be an EO Certified Facilitator. In 2010 Scott authored The 40 Hour Work YEAR and has used his book as a platform for assisting numerous other entrepreneurs. Scott has been an active Angel Investor since 2001, investing in over 30 different business ventures.

Today, I am honored to be speaking with Scott Fritz, the founder of Growth Connect, a business coaching and exit planning service that specializes in transforming businesses into assets.   He's also the author of The Forty Hour Work Year, chronicling his entrepreneurial journey that led him to become a passive investor in his own business.   In this interview, Scott shares where most property management entrepreneurs go wrong when it comes to managing their business for the outcome that we all want, which is profit and freedom.  

I love offering listeners fantastic benefits, such as some great discounts for products. These include the PM Grow Summit, website production through Property Managed Website, showing services through Tenant Turner, and more, with new offers coming all the time! You can see a complete list of the current offers at propertymanagementmastermind.com. For all of these offers, use the discount code “Brad” to secure your discount. In this episode, the remarkable Deb Newell will talk about consulting, growth, and how it all ties in together within the property management industry. Deb and I have known each other for quite a while through the NARPM community, and I’m very impressed with what she’s doing, so I’m excited to have her on the show. I hope you’ll enjoy what she has to say about growth as much as I did! Deb has been running a property management company since 2001. She wanted to get out of debt, so she partnered with a friend to buy a property. She renovated the property, flipped it, paid back her friend, then bought a duplex and has been growing ever since. Deb hired her first employee when she reached 50 doors, and now has around 750 doors. Around a decade ago, she started a separate maintenance company. Because she believes in running a lean company, she has fewer employees than most people would expect. For example, in Minnesota where she has around 450 doors, she has just five employees. In addition to describing her own property management company, Deb goes into fantastic depth in this episode about her role as a consultant for other companies. If you’ve ever wanted to learn what a consultant does, and what value a good one can offer to your company, this is definitely the episode for you. She’ll also talk about the difference between consultants and coaches, how much she charges for her services, what she does when she works with a new company, what her stance is on the question of departmental style or portfolio style, and much more. Tune in to learn all about these topics and much more!   Here’s where you can find Deb: Real-Time Consulting Services Real-Time Consulting Services on Facebook @realtimefixer on Twitter Deb Newell on LinkedIn Deb Newell on Twitter   Show Notes [01:45] - Brad introduces today’s guest and explains what she’ll be talking about today. [02:53] - Deb explains who she is and how she originally got into the world of property management. [06:13] - We hear about the current numbers of Deb’s company, and how it runs with or without her. [09:02] - Deb believes in a very lean environment, so she runs a very lean company. [10:55] - We hear about how focusing on growing and focusing on consulting can come together, with Deb explaining that growth is the #1 goal for a lot of companies that she works with. [13:17] - Brad talks about some things that he’s addressing now in his own company. [15:17] - Deb takes a moment to explain the difference between a coach and a consultant. [17:41] - What kinds of tangible results are Deb able to project or predict? [20:17] - Brad agrees with what Deb has been saying about being on-site, he explains, because being on the ground is helpful. [23:14] - Deb explains that she doesn’t use a template, instead working individually on writing things up for each company she works with. [24:21] - We hear more about what Deb tends to do when she works with a company, specifically in the first few days. [25:22] - Deb addresses the big question: departmental style or portfolio style? [27:07] - We learn about the costs involved with hiring Deb to come in and dissect and rebuild a business. [30:02] - Who would be Deb’s best target client? [31:56] - Deb offers some compelling reasons why someone might want to hire her, instead of the competition, as a consultant. [33:54] - Deb lists some ways that listeners can get in touch with her or learn more about the services that she offers. She also talks about the discount that listeners can get on her services!   Links and Resources: adisarro@sccombank.com (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) Seacoast Commerce Bank RentWerx Real-Time Consulting Services Real-Time Consulting Services on Facebook @realtimefixer on Twitter Deb Newell on LinkedIn Deb Newell on Twitter NARPM Grace Property Management Systems by Marc Cunningham The 40 Hour Work YEAR by Scott Fritz Tenant Turner ShowMojo

Today's Flash Back Friday comes from Episode 61, originally published in June of 2012. Jason Hartman interviews author, Scott Fritz, who shares his story that became his book, The 40 Hour Work YEAR, about how he became a passive investor in his business instead of entrenched in working on and in his business. Running and growing a business requires a lot of dedication, passion, and often an incredible chunk of one's life. Many business owners find themselves working 80 or more hours per week, with little to no time to enjoy the benefits of their success. But with a change in mindset and armed with a few good tools, one can enjoy life again and still have a sound, successful business. Scott explains how the right systems and key people create a smooth business structure. “When you get a group of people who are focused on the company's success first and then focused on how they can be a part of making that happen, it is amazing. I call it my decision filter,” says Scott. He defines the decision filter as company first, owner second, and employees third, going further into detail about what each of those factors mean. He has found that putting all decisions through that filter makes it easier to make good decisions. Scott Fritz is an Entrepreneur, Business Coach, Angel Investor and Author. In March of 2008 he founded Growth Connect – growthconnect.com. By leveraging and combining the services of business coaching, advisory board development and angel investment resources, Growth Connect specializes in the hyper growth entrepreneur and business owner. Mr. Fritz founded his previous company, Human Capital in 1997. Through persistent passion and focus, Scott grew his company into a nationwide player with 2007 annual revenues of $170 million dollars. This hyper growth landed Human Capital and its affiliate division on the INC. 500 list in 2003 and 2004 with growth rates in excess of 1,000 percent. Servicing 350 client companies and 5,000 employees in over 40 states, Human Capital was sold to a nationwide staffing firm in December of 2007. As an active Angel investor, Mr. Fritz has invested in multiple ventures over the past ten years. Some areas of investment include: land development, environmental services, business services, technology and entertainment. His involvement with these companies ranges from passive investor and advisory board member to paid coach and consultant. Scott enjoys sharing his experiences in growing companies, coaching budding entrepreneurs, and developing strategic plans for each of his endeavors. One of his recent investments sold for $70 million dollars within three years of his initial funding, equaling well over a 300% return on investment. Mr. Fritz resides in Las Vegas, and is the Past President of the local Entrepreneur's Organization (EO) Chapter. Scott has held various volunteer positions within EO over the past ten years including Global Chapter Development Committee Chair, Regional Director and Area Director. Mr. Fritz is also an EO Certified Strategy Summit and Accelerator Facilitator. This role enables him to coach the “leaders of leaders” and improve the focus and alignment of EO Chapter Boards and Accelerator programs throughout the United States and Canada. Since 2005 Scott has facilitated over one hundred individual strategic sessions and coaching programs. Website: The 40 Hour Work YEAR

I love offering listeners fantastic benefits, such as some great discounts for products. These include the PM Grow Summit, website production through Property Managed Website, showing services through Tenant Turner, and more, with new offers coming all the time! You can see a complete list of the current offers at propertymanagementmastermind.com. For all of these offers, use the discount code “Brad” to secure your discount.   Today’s episode is going to be a different style! It’s always an honor to share my guests’ wisdom with you, but today I want to share some tips and insights of my own, so I’ll be doing a monologue. You’ll hear about some great things going on in the property management industry, best practices and techniques, and some of the questions I hear a lot.   You’ll hear about my property management company, RentWerx, that has experienced a 35% year-over-year growth and currently manages 840 single-family homes. I’ll talk about why we count homes versus properties, and what the magic number is (profit per month per door that you manage). I’ll also talk about the reason I started this podcast, and why it’s so important to me to see the property management industry get better as a whole. I’ll also touch on my future goals, including the book I plan to write!   Podcasting is going to be the new radio. Since you’re here listening to this, you’re probably already aware of that and ahead of the curve! Right now, it’s still a relatively young industry that’s fairly easy to break into, but that’s already changing. If you want to get into podcasting, now is the time to do it… and if you want to learn how to get into it, you’ll want to listen to my talk at the upcoming NARPM Broker Owner Conference. I’ll talk about plenty of other hot topics including our eight fantastic team members (not just virtual assistants!) in Mexico, the value of Facebook marketing and how we use it, the importance of search engine optimization, some great projects we have going on, and finally an exciting announcement about our upcoming expansion! Show Notes [02:28] - Brad’s first point of discussion is RentWerx, his property management company in San Antonio, TX. [05:05] - We switch over to the topic of maintenance, with Brad discussing the choice to break out his maintenance company. [07:09] - Why is Brad doing this? He wants to see the property management industry improve, he explains. [09:49] - At the NARPM Broker Owner Conference, Brad will be doing a presentation on podcasting. If you’re interested in the topic, it will be a productive event! [11:09] - Brad discusses his thoughts on competitors, and why he isn’t worried about giving things away to them. [12:39] - We learn that Brad has eight full-time team members in Mexico. These people are far more than virtual assistants, he explains, and talks about what’s so impressive about them. [15:10] - Brad moves onto another hot topic: Facebook marketing. [19:30] - At first, Brad thought the Matterport 3D tour technology was very expensive, but it has turned out to be valuable. [21:20] - Brad talks about hiring business development managers and employees. [23:48] - We touch on what has really worked for Brad in the business development side, which is a five-tiered system. [27:58] - Another thing Brad wants to talk about is their investor pocket listing concept, which reduces the losses from sales. [30:25] - Brad circles back to how he’s using the Matterport 3D tour videos. [32:43] - Let’s talk about hiring! Brad discusses the way they’ve typically found applicants and made hiring decisions. [37:37] - Brad moves onto talking about leasing, saying that he rents to the best-qualified applicant. [40:04] - Brad is a huge fan of doing leasing where the tenant never needs to go to the office. [42:31] - We learn about structuring your business, with Brad offering his experience and insight. [45:36] - Brad discusses something he heard recently about the dynamics of phone calls. [46:30] - Another good topic for discussion is software providers. [48:48] - One of Brad’s campaigns with NARPM is to create a NARPM accounting standard. He explains what this means, and what the intentions are. [52:48] - Brad returns to the topic of his management company, RentWerx, and explains he’s recently teamed up with eXp Realty for Salewerx. [55:11] - We hear about a potentially industry-changing landlord insurance property. Another thing that will become increasingly prevalent are syndications. [57:25] - Brad moves into the final point of the episode with an exciting announcement: their company will be moving into Austin! Links and Resources: adisarro@sccombank.com (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) Seacoast Commerce Bank RentWerx NARPM The 40 Hour Work YEAR by Scott Fritz NARPM Broker Owner Conference Matterport Appfolio Propertyware LeadSimple eXp Realty Salewerx

I love offering listeners fantastic benefits, such as some great discounts for products. These include the PM Grow Summit, website production through Property Managed Website, showing services through Tenant Turner, and more, with new offers coming all the time! You can see a complete list of the current offers at propertymanagementmastermind.com. For all of these offers, use the discount code “Brad” to secure your discount. My guest today is a true luminary of the property management world. Bob Walters, who hails from Australia, is the founder and godfather of LPMA (the Leading Property Managers Association). Bob has been in the industry for over four decades, and has been doing conferences in Australia and New Zealand for over a decade. He’s a successful entrepreneur who has built up, sold, and successfully exited three property management companies totaling well over 4,000 units. Thanks to his deep expertise, Bob is also a consultant. Together, Bob and I will dig deeply into the five S’s of property management: structure, strategy, systems, service, and standards. In terms of structure, you need to keep in mind that there’s no right or wrong way to structure your business; you just need to delight your clients! When you start out, what you need to figure out about your structure is how many staff you need on your team to delight your clients while still making a profit. One important aspect of strategy is having a properly documented business plan and a properly prepared budget. Even so, when Bob is working as a consultant, he often finds that property management companies don’t have these sorted out.   Having good systems for everything you do is an easy thing to say, but difficult to execute. Bob will explain how many property management businesses still don’t have properly documented systems, and clarifies that property management is mostly processes and absolutely requires strong systems to be successful. The standards category covers both personal performance standards and company performance standards. These should be carefully calculated, achievable, and regularly monitored. If you want to hear about the customer service side of things, tune into the episode! In addition to the important five S’s, we’ll discuss other topics including keeping your books, health checks for property management companies, why policies and procedures manuals are so important, marketing materials, and lots more. Once you’re done listening, if you can’t get enough about property management, join our Facebook group to get in touch with more industry professionals! Here’s where you can find Bob: bob@lpma.com LPMA Bob Walters Show Notes [03:23] - Bob launches off the interview portion of the episode by talking about the five S’s of property management. [05:26] - We move onto another of the five S’s: systems. Bob explains why systems are so vital to the property management business. [06:47] - Next, Bob moves onto the topic of strategy, offering some basic examples of how property management companies should use strategies. [08:15] - Bob talks about the typical goal of a property management business owner in Australia and New Zealand: to grow bigger. They usually start to stumble when Bob asks how they’re going to get there. [09:41] - We hear about the numbers that Bob recommends planning for in terms of losses every year. [10:56] - Bob discusses another of the five S’s: standards. Brad then offers an example of how this can function. [12:35] - Over his career, Bob has built three property management businesses. He talks about the first one he built, which was during the 1980s. [14:47] - Brad transitions into talking about doing health checks for businesses. Bob discusses what form a health check takes when he does it, mentioning that no two are exactly the same. [16:39] - We hear more about Bob’s processes. He explains that many of the owners he talks to don’t value their policies and procedures manuals as much as they should. [19:45] - Bob agrees that there need to be some paper-based forms, and talks about the value of color-coding things. [21:14] - Bob discusses the importance of keeping proper books, and what exactly he means by the term. [22:52] - Right now, Brad is on a crusade to develop an accounting standard that property management company owners can all use. [24:12] - How much the owners take as their own profit can be a wild card, Bob points out. [27:34] - We move onto the subject of customer service levels. Brad and Bob talk about net promoter scores. [29:40] - Bob discusses the importance of customer service standards in a property management business. [32:08] - Another thing to look for in a health check is a company’s marketing materials. Bob digs more deeply into this aspect of the health checks he does. [34:34] - Bob shares something he discovered at the recent PM Grow Summit. [36:28] - We hear about some of the top mistakes that Bob has made, and what people can learn from them. [38:05] - Brad shares a story about a mistake of his own. [40:11] - Another big mistake that Bob made in his career involved wanting to have the biggest company in town. [42:18] - Bob shares a quick story related to what he and Brad have been talking about in terms of comparing business sizes. [43:33] - One of the best metrics that we can eventually use, Brad says, is a profitability-per-door metric. [44:35] - Bob walks us through another mistake that he has made in his career. [47:47] - Does Bob have any parting words that he’d like to share with listeners? [49:33] - Bob shares his email address so listeners can get in touch with him to chat more! You can reach him at bob@lpma.com. Links and Resources: bob@lpma.com LPMA Bob Walters The 40 Hour Work YEAR by Scott Fritz NARPM Net promoter score PM Grow Summit

Scott Fritz, serial entrepreneur and author of "The 40 Hour Work Year", joins David and Brett on the 28th episode of Entrepreneur Wrap. Scott's book focuses on his story as an entrepreneur, sharing valuable advice such as business methods, action focused exercises and mindset philosophy, all of which helped him become a passive investor in his own business. Scott also operates a business coaching company, is an active angel investor with investments in over 30 entities, and founder of Human Capital.

Kevin has two guests join the show today. Jeff and Mark are in the same forum group at EO, and they come on the show to talk about their different entrepreneurial ventures. Both Mark and Jeff have their own companies, and they share the twists and turns of how they got started, what their goals moving forward are, as well the ways in which EO has influenced and inspired them. Tune in for a fun show!   Key Takeaways: [:52] Jeff shares his lifeline — after going to school and studying photography, he moved to California to either be an actor or figure something else out. From ending up at the wrong place for an interview, to landing a job with that company, and eventually deciding to pursue photography, Jeff now owns his own company (built from the ground up), EclipseCorp. [6:39] Although Jeff and his wife met in California, they moved back to Columbus to buy a house and start a family. Turned about to be a good decision, as the market in Columbus had a lot of potential. Look where they are now! [8:25] Mark shares his lifeline — he also grew up in Cincinnati and received his degree in Landscape Architecture from Ohio State University. After deciding he wanted to be a developer who hired landscape architects, he got a Master’s degree from Florida, and gained professional experience working for several different firms. From a huge opportunity in Pittsburgh, he and his business partners started their own company called Stanbery Development. [14:00] The progress and growth of Stanbery was quite successful in the years leading up to the crash. The crash was a really tough time for the company, but they were able to work with the banks to stabilize their properties, and were able to keep four of their original properties. [15:16] After the crash, members of the company took a break from real estate for a few years. Mark got into World of Beer — this venture taught him a lot about operating businesses, and now they are working to reposition their Stanbery business into the mixed-use arena. [19:46] How did Jeff and Mark become involved with EO? Mark’s business partner “forced him into it kicking and screaming,” but since joining, he has gotten involved with forum, the board, and is currently involved with a GSEA regional position. Jeff was inspired during a lunch to see if he wanted to be part of a forum, and has enjoyed peer-to-peer learning, and has also been involved with the board on a regional level. [25:17] Jeff is now a strategic coach, which encourages stepping away and letting other people run your business, while you work on your business. The tools and tips have been a tremendous help in growing not only his business, but himself as well. [27:35] Mark’s company has spent several sessions with Scott Fritz, and now they are working to get everyone on the same page, so they can decide on a laser focus for moving forward. [29:50] Top 5/Bottom 5 — both Mark and Jeff share some of their bottom five moments. Not all are specifically business related, but this shows how personal struggles can affect business struggles. They talk about the strength of forum as a place to share some of these struggles (and joys) and find support. [36:12] What are the next steps for these guys? Jeff is looking to expand their physical location as well as expand their market. Mark is really hoping to get their big mixed-use project off the ground within the next 12 months. [39:27] Mark and Jeff share how people can help them in their business, as well as other ways to get involved in EO. Mark talks about GSEA, which really helps students entrepreneurs.   Mentioned in This Episode: Columbus Chapter of Entrepreneurs’ Organization EclipseCorp Stanbery Development World of Beer The 40 Hour Work Year

Many entrepreneurs feel as if we will always be the most productive salesperson in our business. However, when one person controls the sales process, the business can only scale as fast as that one person can sell. In this episode Scott Fritz shares some of the concepts and tools he used to grow a company he founded from zero to $170 million in sales and be listed on the INC 500 Fastest Growing Companies list two years in a row with growth rates in excess of 1,000%. In 2010 Scott authored The 40 Hour Work YEAR (http://www.40hourworkyear.com/). The book chronicles Scott’s entrepreneurial journey first hand, as he shares strategic business methods, action focused exercises and the mindset philosophy that allowed him to achieve The 40 Hour Work YEAR and become a passive investor in his own business. Learn more about Scott at http://www.growthconnect.com/.

Running and growing a business requires a lot of dedication, passion, and often an incredible chunk of one's life. Many business owners find themselves working 80 or more hours per week, with little to no time to enjoy the benefits of their success. But with a change in mindset and armed with a few good [...]