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BiggerPockets Real Estate Podcast

495: The Science Behind Taking Risks (and Why They Definitely Pay Off)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 15 August 2021

⏱️ 58 minutes

🧾️ Download transcript

Summary

It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few). The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something! Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place. In This Episode We Cover: How Sukhinder’s love of entrepreneurship began “Coconut events” vs. “subway events” (and how you can plan for both) Embracing uncertainty and calculating your risks Starting in Silicon Valley and building a strong reputation  Choosing to make the “minimum viable choice” whenever possible How to know whether you’re managing others or having others manage you What leaders and business owners can do to attract the best talent And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel OpenDoor Capital Brandon and David’s Books BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok Choose Possibility Website Click here to check the full show notes: https://www.biggerpockets.com/show495 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the bigger pockets podcast show 495.

0:04.0

So my question for everybody listening to the podcast is okay.

0:06.6

Now that you've gone through the pandemic and you may still be going through it,

0:09.6

you realize something about yourself and your ability to respond, to be flexible, to be resilient,

0:15.7

and to take risks when times are tough.

0:18.0

Imagine what you could do if you took risks proactively towards the thing you want.

0:22.3

Just not when you're backed into a corner.

0:24.7

You're listening to bigger pockets radio,

0:27.3

simplifying real estate for investors large and small.

0:31.0

If you're here looking to learn about real estate investing, without all the hype,

0:35.0

you're in the right place.

0:36.9

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:42.8

Your home for real estate investing online.

0:46.0

What's going on everyone? It's Brandon Turner, host of the bigger pockets podcast here with my

0:51.9

co-host, Mr. David framework green. What's up man? How you doing?

0:56.8

I'm good. I got my condos in Hawaii finally getting worked on.

1:00.3

So we're upgrading those puppies and I'll have my first air and bees. That pretty shortly here.

1:05.0

Air and bees. Has that anything? Did I say that?

1:08.1

Short term rentals.

1:09.5

That's what I meant. Air and bees.

1:11.2

All right. Good. Good. Good stuff, man. I got a good contractor.

1:14.0

I've been working with the last few weeks who's pretty phenomenal.

...

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