meta_pixel
Tapesearch Logo
Log in
Redefining Wealth with Patrice Washington

Gerald Washington: Don’t Just Start a Business, Build an Empire

Redefining Wealth with Patrice Washington

Patrice Washington

Education:self-improvement, Education, Self-improvement

4.91.6K Ratings

🗓️ 15 August 2019

⏱️ 47 minutes

🧾️ Download transcript

Summary

What does it mean to be an empire builder? What needs to shift in your mindset for you to go from an employee or entrepreneur to an empire builder? And, how can you best set yourself up for success?  We’re covering all these questions and more on today’s episode with Gerald Washington, my husband, for the release of his book Don’t Start a Business, Build an Empire. In this episode, we’re going deep into this idea of empire building, where Gerald shares our personal story, explains concepts from his book and gives practical advice for building your empire. This episode is brought to you by the Redefining Wealth LIVE podcast taping in Atlanta on Sunday, October 13th! Pick up some gems of wisdom and meet Purpose Chasers from all over. Limited Tickets available at RedefiningWealthLive.com! About Gerald Washington When he’s not building his own empire, Gerald Washington is using his leadership, innovation and business acumen to empower others to move beyond being just another entrepreneur to becoming their own empire builder. His passion for business and entrepreneurship didn’t start when Gerald was the partner and president of Steve Harvey World Group, nor did it start just after college when he launched a boutique real estate company with his then girlfriend and future wife, Patrice, a business venture that would help him build a multi-million dollar real estate empire by his mid-20s. It actually began when he was in high school and created a 5-figure business as a teenager. Which you’ll hear more about shortly. Today his genius is turning missed opportunities for others into thriving empires – he is all about sharing his experiences and wisdom to help others find the wealth that he has gained through his own love of the game of wealth.  You see, his own empire includes multiple multi-unit real estate holdings, a transportation company, brand management agency and now a transformational portfolio with his own speaking, co-coaching programs and a new book, Don’t Just Start a Business, Build an Empire.  Our Story from Gerald’s Perspective I talk about our story a lot on the podcast, but Gerald doesn’t. So one of the things I asked him to cover was telling our story from his perspective. Here’s what he has to say: Before the 2008 Recession, Patrice and I had a thriving real estate empire. We were very successful in what we knew, but we’d neglected to have a guide or mentor to give us advice. So, when the real estate market took a turn, we weren’t prepared for it because, one, I wasn’t watching the market and wasn’t aware of what was happening, and two, I didn’t have anyone to talk to about it besides my peers. And so the market crashed and without a road map or guide, we lost it all.  At that point we went to New Orleans to try and hold onto the last of our properties, and it became very clear that I needed to get a job by any means necessary. I went to McDonald’s, Burger King and Hardee’s, but they all told me no. I then went to Taco Bell and said, “Listen, whatever job you have, I’ll take it. I’ll clean toilets, I’ll work food prep, I’ll run the register, whatever you need me to do.” And they gave me a job. “I went from a 7-figure business owner to working at Taco Bell and making about $2,400 a month.” I was so grateful for that job though, because it gave us some stability. After nine months in New Orleans, I followed Patrice to Atlanta and was able to work at a Taco Bell there.  Fortunately for us, Patrice was working for the Steve Harvey Show and had built a relationship with the people there. It was through that connection that I was offered an opportunity to watch Steve’s manager’s house every night while they were having construction done.  I did that for three months, but what I also did was notice things. I’d walk around the house at night and make notes of the construction that’d been done during the day and I’d communicate these things with the homeowner – noting things he might want to loo

Transcript

Click on a timestamp to play from that location

0:00.0

And I firmly believe, especially for those who have jobs, that you allow your 9 to 5 to

0:07.9

support your 5 to 9 until your 5 to 9 becomes your nine to five.

0:22.0

You're listening to the Redefining Well podcast with Patrice Washington. In today's episode we sit down with serial entrepreneur, author, and my husband, Gerald Washington.

0:30.0

He says we have to stop just starting businesses and start thinking about building empires.

0:37.0

Hey there, this is Patrice Washington from Patrice Washington.com where we chase purpose not money.

0:47.0

Welcome to another episode of Redefining Wealth.

0:50.2

If you're an OG listener or a Purpose Chaser, welcome back.

0:55.0

I am so pumped up about today's episode.

0:59.0

So my husband has been on the podcast before,

1:02.6

but usually not really being interviewed.

1:05.4

We're just kind of talking about,

1:07.2

we shared 10 years.

1:08.9

What did we share in the beginning?

1:10.6

It was 10 lessons from 10 years of marriage, and then he was with me on the blessing of

1:13.0

marriage and then he was with me on the blessing of

1:15.8

downsizing episodes.

1:17.2

The first one in recently the update.

1:19.6

But we are celebrating the release of his new book, his very first book,

1:24.4

Don't just start a business building empire.

1:27.4

And so he's officially doing an interview on today's episode and you guys know how he cuts up so just be prepared.

1:35.2

If you're new to redefining wealth of welcome you're joining us at a phenomenal time

1:41.2

here's what you should know about us. In this community we believe that wealth is so much more than just money and material possessions.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Patrice Washington, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Patrice Washington and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.