Disruptance

This week, Greg Fowler asks Eric Forney all his burning questions about cryptocurrencies. Eric breaks down the basics of Bitcoin, Blockchain and NFTs.

This week, Greg Fowler rapid fires pop quiz questions at Eric Forney.

Check out Eric's Monday Market Updates here

This week, Eric Forney and Greg Fowler discuss the real estate industry and the lawsuits surrounding it. They mention various headlines about real estate lawsuits and express skepticism about their impact on the industry. They question whether consumers would choose to go unrepresented in real estate transactions if agents were no longer available. Eric also discusses potential scenarios for the future of the industry, including consumers representing themselves or a complete disbandment of real estate agents. He also shares his thoughts on how the industry would balance itself out in the wake of commission changes.

This week, Greg Fowler has a pop quiz for Eric Forney. Without any time to think about his answers, Greg gets Eric's thoughts on what he learned from his greatest failures, the legacy he wants to leave behind, and advice he would give to his 18 year old self.

This week, Eric Forney and Greg Fowler discuss the importance of asking great questions and skipping small talk in order to connect with others in a meaningful way. They emphasize the value of doing research before conversations to show that you care and are prepared. Additionally, they highlight the importance of listening actively and repeating or paraphrasing what someone says to make them feel heard. They also suggest steering conversations towards emotional topics by asking about someone's passions or using a framework like "highlight low light" to encourage open discussion.

This week, Eric Forney and Greg Fowler break down the highly used buzz word leverage. Eric points out that many entrepreneurs use the term without fully understanding it or considering other forms of leverage beyond people. He explains that collaboration (people) is the lowest form of leverage due to factors like cost, inconsistency, and imprecision. They then discuss what Eric calls the four C's of leverage: Code, Content, Collateral and Collaboration.

On this episode, Eric Forney and Greg Fowler break down the five stages of wealth building: getting money, avoiding losing it, having a plan to keep it, multiplying it, and transferring it. Eric emphasizes that income is generated by combining specific knowledge with time, energy, and visibility. He also highlights that the value perceived by the world determines one's income level. Additionally, they mention that marriage choices can significantly impact financial stability, along with taxation and health being other potential ways to lose money. Eric share his approach to multiplying money, and dives into the decision to transfer that money in wills.

This week, Eric Forney and Greg Fowler discuss people mistakes that CEOs commonly make. They focus on five of these mistakes: not hunting for killers, waiting for a replacement before replacing, and not letting goals be the bad guy. Eric emphasizes the importance of being proactive in finding talent and setting goals to ensure success. The conversation also includes references to how famous athletes such as Kobe Bryant, Michael Jordan, Tom Brady, and Peyton Manning embody different principles.

This week, Eric Forney and Greg Fowler talk all about P&L statements and their importance to businesses. They discuss how cash flow is crucial for survival, but P&Ls are like a report card for past work, emphasizing that entrepreneurs often focus too much on P&Ls and overlook cash flow. They also highlight common mistakes in real estate businesses, such as treating the business as a job or not differentiating revenue generated by the sales team from revenue generated by the owner/leader. They also discuss the pitfalls of excess capacity, paying to fix the wrong problems, and many more business roadblocks that can be caught with P&Ls.

This week, Eric Forney and Greg Fowler discuss how Legos can be related to business and entrepreneurship. Eric talks about the lessons that can be learned from the origin story of Lego, which began during challenging economic times. They also touch upon the simplicity of sales and leadership, exploring how both are simple but require motivation, liking each other, and finding the best people for the job. Eric and Greg discuss how leaders should focus on helping others achieve their goals in order to achieve their own, and emphasize the importance of finding motivated individuals who align with your vision when building a team or organization.