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BiggerPockets Real Estate Podcast

499: The Death of The "Entrepreneur”: Experience from an 8-Figure CEO

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 29 August 2021

⏱️ 87 minutes

🧾️ Download transcript

Summary

Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at.

James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?

James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it.

In This Episode We Cover:

The difference between entrepreneurs and business owners

Why so many business owners get bored of their business

Addressing the needs of your business and asking “what does it want from me?

Letting go of technician roles in a business and delegating tasks

Getting rid of bad habits through mindful integrity

Forgiving yourself for mistakes, self-judgment, and blame

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Brandon's Instagram

David’s Instagram

OpenDoor Capital

Mind Your Business Podcast

BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner

BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport

Click here to check the full show notes: https://www.biggerpockets.com/show499

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Transcript

Click on a timestamp to play from that location

0:00.0

This is the bigger pockets podcast show 499.

0:04.0

When people don't get this, they end up walking around having this experience of saying,

0:08.8

I am so busy, which is really funny, right? Because people say business gives you freedom.

0:12.9

Why did you start a business? Oh, so I can have more freedom. And then of course we say,

0:16.1

how's that working out for you? And the reason why so many people don't get freedom from business

0:20.9

is because when you don't know how to run a business, the business runs you right into the ground.

0:25.0

You're listening to bigger pockets radio, simplifying real estate for investors large and small.

0:32.0

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

0:36.0

you're in the right place. Stay tuned and be sure to join the millions of others who have

0:41.1

benefited from bigger pockets dot com. You're home for real estate investing online.

0:46.8

What's going on in my name is Brennan Turner, host of the bigger pockets podcast here with my

0:52.8

partner in crime, Mr David Green. What's up, man? Not a whole lot. Actually, there's a lot going on.

0:57.3

I always say that, but that's never true. There's a ton of you going on. You're a liar. You're out

1:00.7

of integrity with yourself, man. Yes. And that will make a lot more sense after today's

1:04.4

so that our listeners get to hear. I listen, guys, I know I say that's a lot. I'm always like,

1:08.2

that's one of my favorite episodes ever. But I'm not kidding. This is one of my like, I say that

1:12.0

all the time, but literally like this is one of one of the best episodes I think we ever recorded

1:17.2

of the bigger pockets podcast. And it has everything to do with real estate and nothing to do with real

1:22.4

estate all at the same time. You'll see what I mean. But you're going to love this thing. So

1:26.6

how's that for a buildup? It's so good. You just did the political thing where you said a lot of

1:30.2

words, but didn't say anything. No, it's so good. I want people to make sure that those

1:34.4

know this whole episode, especially the part about integrity, which we talk about later on in the

...

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