Freedom Blueprint Show

Jon, Ryan, and Gabe all have had to work with a business partner or a COO at one point or another. In fact, Ryan right now is going through the process of finding his number 2 man for his company. Your three co-hosts discuss the types of personality traits you should look for in your business partner, things to ask him/her straight away to know if they’re a good fit for your company, and even share strategies on how to split the business equity.

Key Takeaways:

• Ryan is trying to hire a business partner right now. Ryan has a love/hate relationship with having a business partner and not having a business partner.
• Jon shares how he and his business partner structure the business.
• What should you be thinking about upfront when it comes to bringing on a business partner?
• Ryan says you have to make it really clear how the day-to-day should be run. Gabe agrees, you want to make it so appealing so that it doesn’t make sense to leave the operation.
• How should you structure or talk about the business equity?
• The guys talk about their personality profiles and how it compares with their business partners.
• Sometimes the people who come up with the best ideas don’t always end up being the best people to execute those ideas.
• We all have our strengths and weaknesses.
• What personality traits should you look for in your number 2?
• How well are they as a leader?
• A good number 2 should be able to understand systems and processes but also listen to their people.
• CEOs always wanna go bigger, but they don’t notice or acknowledge all the hard work the team has put into just making it possible to make it to the halfway point.
• A COO’s job is to talk through the possibility and help make the CEO’s vision and dreams a reality.
• Have more questions? Feel free to reach out to Ryan and Gabe!

Resources:

Freedomblueprintshow.com

Jon, Ryan, and Gabe sit down to discuss what are some of the fastest ways to increase your net worth. The guys discuss the differences between owning a business and pooling your resources into real estate. They also reflect on some of the mistakes they made early in their career that halted/slowed down their growth. 

Key Takeaways:

• What’s the fastest way to double your net worth? 
• The major two ways to build your wealth is starting a business and/or real estate.
• Real estate is a long-term play. 
• Don’t get caught in the transactional rat race.
• The hardest thing about real estate is that it’s difficult to scale.
• What’s Jon seller’s avatar? 
• When it comes to selling a business, Ryan shares his thoughts.
• Ryan started a real estate business and looks back and some of the critical mistakes he made early in his career. 
• Should you buy a business? 
• Gabe shares an interesting and niche business his neighbor is in. 
• What makes a business sustainable is your leadership abilities.
• Don’t buy a business until you’ve understood how to run a business. 
• Ryan feels he is not old enough yet to just be a passive investor. He wants to be involved and he wants to better understand the industry. 

Resources:

Freedomblueprintshow.com

It’s the dream for many of us to have passive income, but how passive is passive, really? The guys break down a couple of “passive” investments that you can get into in real estate and some of the pros and cons of each one. The biggest lesson here is, know your numbers and know when you want to stop or pseudo-retire.

Key Takeaways:

• There are very few things that are “truly” passive.
• Lending money is a passive way of earning money.
• Ryan recommends that you don’t lend to people you don’t know or you don’t trust.
• What’s a typical contract look like when you’re about to lend someone money?
• What do you need to be aware of when it comes to personal guarantees in a contract?
• The guys discuss what a lender policy is and what you should be looking out for in that contract.
• Let’s talk about property taxes.
• What kinds of returns can you get from private lending?
• What do you need to know about syndications?
• It’s riskier but you also get a bit of the actual property under your portfolio.
• What do you need to know about commercial licenses?
• How much time does it take to manage a mobile home or a storage facility?
• Jon partners with a property manager when it comes to his mobile homes.
• How does Jon structure his partnerships?
• Gabe says a lot of people fall into a trap where they’ve invested a lot of their cash to the point that they don’t have enough liquidity in their bank accounts. Making money can be addicting, so have a number for yourself.
• Ryan shares how you can be smarter with getting more cash flow in your business.
• Sometimes you need to step back and just do the numbers.
• Gabe doesn’t have a 401(k). He needs cash flow to live.

Resources:

Freedomblueprintshow.com

Family is important, so picking the right life partner is critical. Life throws you a lot of curveballs and kids can also add an extra level of complications. If you have a good partner by your side, then your challenges and your business will be easier to bear when things get tough. Gabe and Ryan give their best “married guy” life advice and Jon shares what he’d like to find in a woman.

Key Takeaways:

• Your family is more important than your business. However, your business will do better if you marry the right woman.
• It is your internal environment that makes you happy, not your external circumstances.
• If you come home to a toxic environment, it’s very difficult to focus on what matters in your business.
• What is a perfect relationship?
• Men identify themselves with their wives’ happiness. You need to get rid of this notion.
• You can’t make the other person happy.
• Should you and your wife have separate bank accounts?
• Does your spouse make good financial decisions?
• Do you want a spouse that has no desire to work?
• Some women end up losing their identity when they stay home and work. These are things men need to be aware of.
• Gabe doesn’t think a woman is designed to stay at home all day with the kids. She needs hobbies, activities, a life outside of the family. Of course, it depends on the woman.
• Ryan married young. You aren’t truly married until you have kids because it really tests your relationship to a new level.
• According to a study, people who live together prior to getting married end up having a high rate of failure in their relationship.
• If Ryan could do it over, he would have liked to space out having children and being able to enjoy more of the fruits of their labor first.
• Gabe can relate. He almost got divorced because he was grinding in his business and had three kids within four to five years. Don’t stress yourself out like that.

Resources:

Freedomblueprintshow.com

Before you start hustling 24/7, it’s important to figure out what your number is. At what point do you consider yourself, ‘making it’? And when you do make it, what do you want your life to be after the fact? Do you still see yourself working on the business? What kind of lifestyle do you want to have? Find your number and then build a plan around it. 

Key Takeaways:

• Can you be happy without money? 
• What’s the number you need where you feel like you don’t have to grind anymore? 
• How much do you need currently? Aim to replace it with passive income.
• Once you’ve hit your number, what do you do after that? 
• There’s a difference between the amount of money you need to keep you happy vs. what gives you peace of mind. 
• Doing something you love everyday is not going to necessarily make you happy. 
• Don’t get trapped into always wanting and striving for another level. 
• Gabe has different levels of wealth that he wants to create for himself. 
• Whatever your number is, double it or triple it for when you get married. 
• The guys notice that the more involved in the details, the less happy they are. 
• Sometimes you have to let go of the perfectionism and just let people do it their way. Do you want it done or do you want it perfect? 
• Gabe has a pyramid that has 15 core values on it. 
• What would be your dream lifestyle? 
• If you don’t know what you want yet, then just start somewhere and work towards it. Refine as you go.  
• After 2-3 months of achieving a certain level, you end up getting used to it and taking it for granted. 

Resources:

Freedomblueprintshow.com

Before you start hustling 24/7, it’s important to figure out what your number is. At what point do you consider yourself, ‘making it’? And when you do make it, what do you want your life to be after the fact? Do you still see yourself working on the business? What kind of lifestyle do you want to have? Find your number and then build a plan around it. 

Key Takeaways:

• Can you be happy without money? 
• What’s the number you need where you feel like you don’t have to grind anymore? 
• How much do you need currently? Aim to replace it with passive income.
• Once you’ve hit your number, what do you do after that? 
• There’s a difference between the amount of money you need to keep you happy vs. what gives you peace of mind. 
• Doing something you love everyday is not going to necessarily make you happy. 
• Don’t get trapped into always wanting and striving for another level. 
• Gabe has different levels of wealth that he wants to create for himself. 
• Whatever your number is, double it or triple it for when you get married. 
• The guys notice that the more involved in the details, the less happy they are. 
• Sometimes you have to let go of the perfectionism and just let people do it their way. Do you want it done or do you want it perfect? 
• Gabe has a pyramid that has 15 core values on it. 
• What would be your dream lifestyle? 
• If you don’t know what you want yet, then just start somewhere and work towards it. Refine as you go.  
• After 2-3 months of achieving a certain level, you end up getting used to it and taking it for granted. 

Resources:

Freedomblueprintshow.com

Do you feel like you have to grind 24/7 before you can really enjoy the empire you’re building? Gabe, Ryan, and Jon say no. In fact, it’s better you pop your head out of the hustle every now and again and spend it with family, spend it with friends, so you can reward yourself and remind yourself what it is you’re working so hard to achieve. Don’t wait for a divorce or to be completely isolated before you feel like you’ve “made it” in your business.

Key Takeaways:

• Get out of the weeds in your business and start thinking more about the future picture.
• When you’ve built your business consciously, you can travel and live life more spontaneously.
• What structures did Ryan put in place so that he could go traveling for 120 days?
• People are either motivated by money or by others.
• What did Ryan have to give in order for him to leave his businesses to go traveling?
• You need to get away from the daily grind so your mind can open up and grow and, most importantly, brainstorm.
• Ryan’s employees have a mandatory two-week vacation. This allows Ryan to see what happens when they leave and what holes start to come up when someone tries to fill in.
• You’ve got to build memories with your family and friends when you’re grinding.
• Make sure you take time for your hobbies.
• How does Gabe live his best life?
• Creativity flows when you’re relaxed, not when you’re stressed.
• You really do need time to think and reflect.
• The things that are easy to do are also the things that are easy not to do.
• Try changing your environment and work outside. When you work outside, it does not feel like work.
• You don’t have to wait 10 years to enjoy the fruits of your labor.
• Give yourself little rewards here and there.

Resources:

Freedomblueprintshow.com

Do you feel like you have to grind 24/7 before you can really enjoy the empire you’re building? Gabe, Ryan, and Jon say no. In fact, it’s better you pop your head out of the hustle every now and again and spend it with family, spend it with friends, so you can reward yourself and remind yourself what it is you’re working so hard to achieve. Don’t wait for a divorce or to be completely isolated before you feel like you’ve “made it” in your business.

Key Takeaways:

• Get out of the weeds in your business and start thinking more about the future picture.
• When you’ve built your business consciously, you can travel and live life more spontaneously.
• What structures did Ryan put in place so that he could go traveling for 120 days?
• People are either motivated by money or by others.
• What did Ryan have to give in order for him to leave his businesses to go traveling?
• You need to get away from the daily grind so your mind can open up and grow and, most importantly, brainstorm.
• Ryan’s employees have a mandatory two-week vacation. This allows Ryan to see what happens when they leave and what holes start to come up when someone tries to fill in.
• You’ve got to build memories with your family and friends when you’re grinding.
• Make sure you take time for your hobbies.
• How does Gabe live his best life?
• Creativity flows when you’re relaxed, not when you’re stressed.
• You really do need time to think and reflect.
• The things that are easy to do are also the things that are easy not to do.
• Try changing your environment and work outside. When you work outside, it does not feel like work.
• You don’t have to wait 10 years to enjoy the fruits of your labor.
• Give yourself little rewards here and there.

Resources:

Freedomblueprintshow.com

Gabe, Ryan, and Jon understand all too well how distractions can really derail your entire day. If you feel like you’re getting pulled in a ton of different directions that aren’t moving the needle, then it’s important that you listen to this episode! The guys share how they minimize their distractions by being conscious of what they decide to take on.

Key Takeaways:

• Gabe manages his distractions by having an assistant. It’s a game-changer.
• Gabe knows that email is a huge time-waster for him and so his assistant tracks how much time he spends on email.
• The biggest trick is that Gabe doesn’t even look at his email. His assistant does and they do a call about it.
• Jon agrees. The first hire he does is a personal assistant.
• What’s the best communication platform the guys use to communicate with the team?
• Why does Jon love Google Voice?
• The least responsive employees tend to be the most productive.
• Callrail can be a great tool to use when you have a potential sales lead coming in.
• There is software called Robokiller which won’t allow spam calls to come through.
• Ryan has a hard time letting go and filtering his messages/phone calls.
• “Do you have a minute” meetings are killers.
• Jon really doesn’t like to be contacted.
• You have to get your day-to-day time down to 10 hours a week.
• Look into why you have so many distractions. Is it because you haven’t empowered your team enough to make decisions?
• How does Ryan best manage his distractions?

Resources:

Freedomblueprintshow.com

Robokiller.com

Voice.google.com

Callrail.com

No B.S. Time Management for Entrepreneurs: The Ultimate, No Holds Barred, Kick Butt, Take No Prisoners, Guide to Time, Productivity, and Sanity, by Dan Kennedy

Clockwork: Design Your Business to Run Itself, by Mike Michalowicz

Turn the Ship Around! A True Story of Turning Followers Into Leaders, by L. David Marquet

Your three co-hosts, Gabe, Ryan, and Jon, discuss why it’s so critical to know your numbers and what you should be thinking about when it comes to tracking key metrics. You should know your ROI on each of your marketing channels. Do not chalk it up to “branding.” If you’re spending time or money on it, there’s a way for you to track it.

Key Takeaways:

• How well do you know your numbers?
• Unfortunately, our education system doesn’t teach us accounting.
• Don’t aim for perfect; aim for good enough.
• A huge number of businesses don’t know how much they make per marketing channel.
• You also want to narrow down and see if it’s a lead gen issue or a closing issue.
• People love knowing if they’re winning or losing.
• The basketball coach, John Wooden, never focused on winning. His focus was getting the best out of everyone.
• Focus on what you can control.
• Even if you’re a solopreneur, you still need to know your numbers.
• How can you scale or even grow if you are in the dark about your margins?

Resources:

Freedomblueprintshow.com