Diversifying Your Business : The Key To Protection - Eddy Benoit ( Social Proof Re-Run)

Social Proof Podcast

Social Proof Network

Entrepreneurship, Business

5 • 2K Ratings

🗓️ 15 March 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is a clip from : Shape The Deal - Episode #226 w/ Eddy Benoit

Eddy Benoit, Jr is President & CEO of The Benoit Group, a real estate development and investment company that focuses on mix-income housing, independent senior living, and other mix-use developments. Owning multi-unit real estate in over 7 states is an incredible accomplishment. In this episode we discuss :

Owning over 600 Million Dollars in real estate assets under the umbrella of The Benoit Group.
What it takes to own large real estate developments : skyscrapers and malls.
Building affordable housing for seniors : one of the MOST IN DEMAND REAL ESTATE OPPORTUNITIES.
The power of having a diversified business: pivoting from a high risk business to a low to moderate risk business.
Finding deals BEFORE THE BROKERS: why this is THE PLAY in real estate acquisition.
Scaling to a BILLION DOLLAR portfolio.

And so much more!

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Transcript

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0:00.0	Ladies, gentlemen, welcome to the colorful world of Skittles.
0:03.9	Skittles brings you a jolt of five fruity flavors in every bite,
0:08.3	giving you the chance to taste the rainbow like never before.
0:11.2	Break free from the ordinary day-to-day with the help of Skittles Chewy Candy.
0:15.4	Kittles is a must in my candy jar.
0:17.6	Movie snack, even my secret, so an afternoon pick me up.
0:21.2	And I don't even care who knows it.
0:23.1	At a splash of joy to your day with Skittles,
0:25.6	there's nothing better than fruity fun that tickles your taste buds.
0:29.1	Taste the rainbow.
0:30.7	Previously on the Social Proof Podcast.
0:34.9	All right, you don't got to ask, man.
0:37.3	Why just what happened?
0:39.5	Well, we just had a different philosophy about the business.
0:43.6	During the recession, even when you grow so quickly and you're so successful,
0:48.7	you create, you know, this infrastructure also to support your growth.
0:53.5	Well, you hit the recession is something that they had never seen before.
0:58.3	Fortunately, for me, when I got into the business,
1:01.2	it was right during the recession, you know, the late 80s,
1:04.3	92, 93, 94.
1:06.0	We were coming out of the recession, right?
1:08.2	And I was able to work around, you know, guys that had been into business and had lost everything.
	...

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