Why You should be Working on Acquisitions Only (LA 747)

Transcript:

Steven Butala:                   Steven and Jill here.

Jill DeWit:                            Hi.

Steven Butala:                   Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:                            And I'm Jill Dewitt, broadcasting from sunny southern California.

Steven Butala:                   Today, Jill and I talk about why you should we be working on acquisitions only. This week, the theme is, so you've done a thousand deals, you're past that thousand deal mark, what do you do now?

Jill DeWit:                            What do you do? What do you do? I would like to personally know.

Steven Butala:                   You know what I do?

Jill DeWit:                            Yeah. What do you do?

Steven Butala:                   Very little, because that's what you should be doing. That's what ... Thank you, Jill. This is exactly what this show is about. You should only be working on acquisitions, because you figured everything else out. Everybody else is gonna do the heavy lifting for you. You know there's a lot of places on this planet, in this country, where that gets frowned upon.

Jill DeWit:                            What?

Steven Butala:                   Like, here's a cliche that I'd never understood. "Oh, you so you get other people to do your dirty work." Yeah, I get other people do my dirty work.

Jill DeWit:                            It's called staff.

Steven Butala:                   Why would I do my dirty work?

Jill DeWit:                            Exactly.

Steven Butala:                   Why would I do any work in fact?

Jill DeWit:                            Yeah, if I own the company.

Steven Butala:                   If I'm smart enough to do startup, I'm smart enough to look in the mirror and say, "I'm actually probably better than everyone else." This has always just, this is what this show is gonna be about.

Jill DeWit:                            That's hilarious.

Steven Butala:                   Is it conceded or cocky? I don't know. I don't think so.

Jill DeWit:                            No.

Steven Butala:                   I just, I've never struggled with this concept. Yeah. I'm smarter than everybody else or maybe I'm not. Maybe I'm not smarter, I just make different decisions that everybody.

Jill DeWit:                            That could be too.

Steven Butala:                   I'm not gonna do any work. I'm gonna price my mailers, and then I'm going to go out on the boat. That's what I do.

Jill DeWit:                            I know that. I know that. I have a secret to share about you have, which is fun. Not only are you so good at doing your job, I mean you have it down to where, this is great, you spend a lot of time, like once a month-

Steven Butala:                   Once a month.

Jill DeWit:                            -and that's it.

Steven Butala:                   I spend one day. I spend one day, once a month doing all the mailers for the whole month.

Jill DeWit:                            So I'm sure a lot of people, like Monday might be acquisition day, Monday might be getting their mailer together or something, I don't know, pulling the data and everything for that next week and they do it every single week. Well imagine this, spend more time on it and do it once a month. Spend two days once a month, and then you're really can coast, which is really fun.

Steven Butala:                   I spend more time on this podcast than I do on the mail.

Jill DeWit:                            That is true.

Steven Butala:                   And this podcast makes exactly $0.

Jill DeWit:                            I love it. That's true.

Steven Butala:                   Before we get into it, let's take a question posted by one of our members on t...