239. How to Be a Good Leader: Why You Must Be Prepared to Fail (Often!)
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 9 April 2024
⏱️ 51 minutes
🧾️ Download transcript
Summary
Everyone wants to know how to be a leader. They want the big business, the money, the ability to turn a scrappy team into top performers. But here’s the reality—99% of people don’t have what it takes to become a leader because behind the private jets and huge deals getting done are mountains of failure that most people will never see. So, do you have what it takes to become the next great leader?
In this episode, we’ll discuss the three levels of leadership. If you run a self storage facility, you’re likely at one of these levels. Whether you have 100 or 10,000 doors, you need these leadership skills to take your business to the next level and, more importantly, weather the storms that come with leading a team to greatness. Let’s get into it!
What you’ll learn in today’s show:
- The three levels of leadership and why 99% of people won’t make it to the top
- Why you MUST be comfortable with failing if you want to grow your business
- What to do when one of your team members/employees is failing
- Hiring, firing, and how to tell if one bad employee is ruining your business
- Putting the business first and taking yourself out of the decision-making
- How not knowing everything makes you an even better leader
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Transcript
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| 0:00.0 | I didn't learn what went wrong until way later. |
| 0:02.6 | And now I'm like, I suck at this and I fell at this. |
| 0:04.9 | But too, that's also the process. I have to be able to do this right and I have to get it right the first time. And if I get anything wrong, I'm a failure and I need to quit and stop. And I can't do this. So there isn't even a feedback clue. It's just you either are something or you're not. Yeah. And that's not how it works. |
| 0:20.6 | You aren't either a success or a |
| 0:22.8 | failure that doesn't exist. What's up, everybody and welcome to self-storage income. And we are going |
| 0:36.2 | to be discussing probably one of the most important aspects of not just |
| 0:40.8 | investing, business in general, but also kind of life. And I think a lot of people struggle |
| 0:46.8 | with this and it hinders their execution massively. Probably one of the skills that is the most important, but the least represented |
| 0:56.9 | in general. And this is working together with a team, aligning everybody to a common goal, |
| 1:05.3 | and trying to be able to execute. Now, you don't even need employees, but in real estate, |
| 1:10.4 | in self-storage, you have a conglomerant of people that you need to execute. Now, you don't even need employees, but in real estate, in self-storage, |
| 1:11.4 | you have a conglomerant of people that you need to execute on any goal. And it can be like |
| 1:17.3 | juggling is an understatement, meaning that you have your marketing, you have your tech, |
| 1:21.8 | you have your tenants, you may have a manager, you may have your contracted out people, |
| 1:26.6 | you have your builders, landscapers, you may have your contracted out people, you have your builders, |
| 1:29.6 | landscapers, you've got your title company, you've got the banks, you've got investors, |
| 1:34.2 | right? The list goes on and on and on. All of these people need to be on the same page. |
| 1:39.6 | And communication is not only essential, but so is leadership. And managing people is very hard. |
| 1:48.8 | This is a really hard thing to do. We're going to talk about what we've been seeing, |
| 1:53.0 | what we're doing, our struggles, and where we feel that we've succeeded, failed, learned, |
| 2:05.0 | and talk about what we're what we're trying to do now. |
| 2:09.6 | It's a big topic, but it's probably one of the most important ones we could even cover. |
... |
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