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The ONE Thing

461. The Reluctant CEO

The ONE Thing

NOVA Media

Entrepreneurship, Business, Careers

4.61.1K Ratings

🗓️ 15 July 2024

⏱️ 52 minutes

🧾️ Download transcript

Summary

Jay Papasan did not plan on being the CEO of ProduKtive. As the co-founder, he had to step in when the current CEO left for another opportunity. As Jay took a closer look at the plateaued revenue, he knew he had to stay in the seat longer to make some needed adjustments. Jay joins us on the show today to talk about the lessons he has learned as a reluctant CEO. We discuss the tough decisions he had to make and why he made them. He shares mistakes made and lessons learned. No matter how many business successes you have, you will still have failures and challenges. Jay is a role model of humility, accountability, and always viewing change as an opportunity. One-on-one coaching will transform your results & your potential. Connect with a ONE Thing coach today at the1thing.com/coaching/. *** To learn more, and for the complete show notes, visit: the1thing.com/pods. We talk about: The importance of simplifying your business’s services How to manage change The power of one-on-one coaching Links & Tools from This Episode: Read “Shift: How Top Real Estate Agents Tackle Tough Times” Read “The Millionaire Real Estate Agent” Sign up for one-on-one coaching to transform your results & your potential Connect with Jay on LinkedIn Follow Jay on Instagram Free Resources Want to be a guest or share feedback? Email [email protected] Produced by NOVA Media

Transcript

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0:00.0

Buy low, sell high. It's easy to say, hard to do.

0:04.0

For example, high interest rates are crushing the real estate market right now.

0:08.0

Demand is dropping and prices are falling even for many of the best assets.

0:12.0

It's no wonder the Fundrise

0:14.0

flagship fund plans to go on a buying spree, expanding its billion-dollar real estate

0:18.8

portfolio over the next few months. You can add the Fundrise flagship fund to your portfolio in just minutes.

0:26.0

And with as little as $10 by visiting Fundrise.com slash one, that's F-U-N-D-R-I-S-E.

0:33.0

Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise flagship fund

0:41.0

before investing.

0:42.0

This and all other information can be found in the

0:44.3

Funds Prospectus at fundraise.com slash flagship. This is a paid advertisement.

0:48.9

Welcome back to the One Thing podcast where we talk about the

0:57.2

surprisingly simple truth behind extraordinary results. We have a very

1:01.5

special guest today, the co-author himself, Jay Papazan, and he knows I have been so

1:07.6

excited to do this podcast to have this conversation because I think it's a really important one and as we have so many

1:14.5

entrepreneurs and so many business owners and executives and and people who have

1:19.7

really hard jobs that listen to this podcast I think this is going to be such a powerful

1:24.6

conversation for them because we're talking about some failure.

1:28.3

Talking about some challenges. We're talking about the real things, not just

1:31.6

success, which we get to talk about a lot on this

1:33.5

podcast, how to be successful, models for success. We're going to approach it a little

1:38.1

differently today and we're going to talk about how your biggest failure is becoming a CEO.

...

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