Top Business Mistakes That Could Cost You Big: Insights and Ways to Help Your Business Succeed
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 1 July 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
Uncovering crucial lessons from industry blunders and successes.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | I've talked to you about real estate. I've talked to other people. You're just good at it. Your brain works really well for real estate. I've lost more money in real estate than I've made money in real estate. I've had really bad luck in real estate. |
| 0:10.4 | Mm. Let's talk about that. |
| 0:13.0 | Just business mistakes. |
| 0:14.0 | What are some of the biggest mistakes you've made that you've learned from? |
| 0:17.2 | Business or real estate? |
| 0:18.2 | Business. |
| 0:19.2 | The biggest business mistake I've made over the years is not enough focus. |
| 0:24.4 | And there's actually two big mistakes. |
| 0:26.2 | I'll actually sum it down to three big mistakes. |
| 0:28.5 | The first big mistake is not enough focus. |
| 0:30.7 | Trying to do too many things that once just doesn't work. |
| 0:33.0 | If you look at most people who have built big corporations or have done well along the |
| 0:37.0 | the Forbes list is typically through one thing. |
| 0:39.0 | You'll see some people like Elon Musk, but they're really rare. |
| 0:42.0 | That doesn't truly exist. |
| 0:44.4 | You look at LVMH, LVMH isn't a clothing company. |
| 0:47.3 | LVMH is a private equity company |
| 0:48.9 | that's been gobbling up and buying companies from day one, right? |
| 0:52.4 | And most people get that wrong. |
| 0:54.4 | So focus is really important. |
| 0:55.8 | Warren Buffin and Bill Gates were asked one time in their life |
| 0:59.4 | to write down a piece of paper the most important thing. |
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