Disruptance

What is it like working in an entrepreneurial company and what should you consider before working for one?

In this new four part series, Eric Forney and Michael Bounds explore the 12 commandments of entrepreneurship.  On this episode, they break down three success strategies from the Team Success Handbook that depict how to succeed in an entrepreneurial company.  They discuss bringing value and how vital it is to the organization to bring on people who readily add useful insights or systems to the company without being directed to do so.  They also talk about how crucial it is to come "with batteries included" or in other words, to take initiative without someone pushing you to do so.  More important than almost anything else, they agree on how detrimental it is to not make up stories or excuses when something doesn't go well, but to have an ownership attitude that accepts blame and takes on the responsibility to improve a situation.

To follow along with the book, you can buy it here:

https://www.amazon.com/Team-Success-Handbook-Strategies-Entrepreneurial-ebook/dp/B0893R2SFP/ref=sr_1_3?dchild=1&keywords=the+team+success+handbook&qid=1624024161&sr=8-3

And to watch full episode of the podcast, check out the YouTube channel here:

https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg

What's the difference between working for an entrepreneurial company vs a corporate company?

On this episode, Eric Forney and Michael Bounds discuss The Team Success Handbook and some of the distinct differences between working for an entrepreneur versus a corporate company.  They explain how an entrepreneurial company is one where everyone is married to the outcome and thus willing to take on any tasks that are necessary to improve the results of the company.  Similarly, results are valued much more by the entrepreneur than time, effort and credentials, which are appreciated in a corporate sector.  They talk about how opportunity drives the entrepreneur, not so much a paycheck, and how change is frequent when you work for an entrepreneur.

To check out The Team Success Handbook, go to

https://www.amazon.com/Team-Success-Handbook-Strategies-Entrepreneurial-ebook/dp/B0893R2SFP/ref=sr_1_3?dchild=1&keywords=the+team+success+handbook&qid=1623413203&sr=8-3

And watch the full episodes on YouTube here:

https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg

We all know the words we choose to use matter, but just how important are the words we choose?

On this episode, Eric Forney and Michael Bounds dive into how words shape the way the person listening to you feels about the conversation, and how to pick words that help you get certain desired outcomes.  They discuss how powerful it is to ask people to imagine scenarios, and how incorporating future promise about a home is so invaluable as a Realtor.  Eric shares how he has learned to use "I assume" in conversation with someone to get the truth out of them.  Michael explains the similarities between staging a home and framing your conversation with appealing words.  They conclude that you can have the exact same conversation with different words and have a different outcome based on the words you choose.

Most Realtors you talk to right now are talking about how the market is going to get better when foreclosures start happening - but is that really going to happen?

Eric Forney and Michael Bounds share their thoughts on the idea that we are approaching a foreclosure crisis, and, SPOILER ALERT, they aren't buying it.  They discuss how the current issue in real estate right now is a supply problem not a problem necessarily caused by a recession.  They break down how the provisions put in place by the CAREs act are such that the government is doing what they can to prevent foreclosures from happening.  Similarly, banks aren't trying to get into the home ownership business, and Michael shares how long the typical foreclosure process takes, and how much can change in your life in that time to keep you from actually ending in a foreclosure.  They discuss how the pandemic has disproportionately affected minority groups in regards to home ownership and how they hope policy changes can work to close that gap.

Don't forget to check out all the episodes on YouTube!

https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg

NEW SEGMENT ALERT!

The listeners asked and we listened - Eric and Michael are starting a new segment of Disruptance where they keep you up to date on everything happening with cryptocurrencies.  This week, they discuss the drastic dip in the value of cryptocurrencies across the board, what caused it, what it means, and what you should do with this information.  Eric also explains whether he thinks it's too late or not to buy into crytpo.  

Check out the full episodes on YouTube and comment any questions you're dying to have answered.

https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg

How is inflation affecting real estate, and what can you do to get ahead of it?

On this episode, Eric Forney and Michael Bounds discuss the headline floating around that we are in another real estate bubble.  They agree that we aren’t in a real estate bubble like before, because we are really in an everything bubble, meaning with inflation, the price of everything is rising.  With 20-40% of US dollars being printed in the last year, they tackle ways to get ahead of the resulting staggering inflation.  They explain exactly how well hedged investments can protect you in this impending market of inflation, whether it’s Bitcoin, real estate, diamonds, metals, or anything that operates from a comparative market value perspective.

Check out full episodes on Youtube:

https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg

What do you do when your business has grown so large that you don't have time to keep up with everything in your life?  Hopefully, you learn leverage instead of quitting.

On this episode Eric Forney and Michael Bounds discuss the many benefits to learning how to leverage both personal and business tasks.  They talk about how difficult it can be for entrepreneurs to start letting go of tasks and how handing off personal tasks at first can help you build up your leverage muscle.  They dive into the different ways to get leverage, including virtual assistants.  Michael shares how working with a virtual assistant has drastically changed his workflow.

The success of your organization is determined by the culture created in it, so how do you ingrain a culture that matches your vision?

On this episode, Eric Forney and Michael Bounds talk about the importance of culture and how to indoctrinate it in your team.  They dive into what makes up a culture - shared routines, rituals, traditions and values - and how to enforce systems that feed back into those pillars.  They discuss cult as the root word of culture and that the positive version of a cult is an organization with a leader whose interests are outward toward their team and their clients instead of being self-serving.  

Check out the Disruptance YouTube channel to watch the full episodes. Also, leave a comment about any subjects you want Eric and Michael to cover.

https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg

On this episode, Eric Forney and Michael Bounds continue the underrated or overrated series, debunking the possible lies you've been told about real estate and how to succeed in it.  This week, they break down their different opinions on the usefulness of open houses, the insane prices of Zillow leads, how a buyer's agent might not help you and the bastardization of culture as a sales pitch.

Check out the Disruptance YouTube channel to watch the full episodes, and comment if you disagree on any of their assessments of underrated or overrated. Also, leave a comment about any subjects you want Eric and Michael to cover.

https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg

In a real estate market with limited supply and investors paying over value for homes, this could be the last opportunity to build wealth with real estate.

On this episode, Eric Forney and Michael bounds dive into the nature of today's real estate market and how it is increasing the wealth divide.  They discuss how home ownership is the main source of wealth for most people, but as competition increases for buying a home, it's getting harder for them to take advantage of the many benefits of home ownership.  They explain how investors are playing a whole different game than a first time home buyer - the investor is wanting to purchase an ATM and the first time home buyer wants to buy a place to live.  They break down the huge benefits associated with having a mortgage over a landlord, and recommend that you can't afford to keep paying rent anymore.