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Summary
Alan Borovich, owner of Liberty Bell Management, shares his journey as an entrepreneur and the growth of his real estate business. He emphasizes the importance of building a strong team and hiring the right people. He discusses the challenges of starting out on his own, handling all aspects of the business, and gradually transitioning to hiring staff. He highlights the significance of having a clear vision and roadmap for the company and the importance of personal development for both himself and his team. He also talks about the value of one-on-one meetings with staff and providing opportunities for growth and education. Alan discusses the importance of open communication and feedback within a company. He shares his practice of delivering a quarterly plan to the entire organization, outlining goals and improvements. Alan emphasizes the need for effective use of technology in business operations and mentions the property management software Propertyware and the customizable CRM platform Podio. He also talks about the importance of mentorship and coaching in his personal and professional growth. Alan highlights the significance of having a clear vision and long-term perspective to overcome challenges and stay focused on the journey.

Keywords
entrepreneurship, real estate, team building, hiring, vision, personal development, one-on-one meetings, growth, open communication, feedback, quarterly plan, goals, improvements, technology, property management software, CRM, mentorship, coaching, vision, long-term perspective

Takeaways
Building a successful business requires hiring the right people and building a strong team.
Having a clear vision and roadmap for the company is crucial for success.
Personal development and continuous learning are important for both the entrepreneur and the team.
One-on-one meetings with staff can help solve issues, provide guidance, and foster growth.
Investing in education and providing opportunities for growth can help develop a talented and motivated team. Open communication and feedback are essential for effective leadership and decision-making.
Delivering a quarterly plan to the entire organization helps align goals and improve performance.
Utilizing technology, such as property management software and CRM platforms, can streamline operations and enhance productivity.
Mentorship and coaching play a crucial role in personal and professional growth.
Having a clear vision and long-term perspective helps overcome challenges and stay focused on the journey.

Sound Bites
“You can be a little vulnerable and say, guys, you know what, I’m not – We have a problem here. How do we fix this?”
“Why become an entrepreneur? Why start your own business? Like, where did that come from in your early days?”
“I always had this kind of inkling of, I want to be successful. I want to make a lot of money.”
“I don’t care about titles. I don’t care about hierarchy. We have flow of information time.”
“Having that open line of communication is very, very key.”
“I started doing the yearly vision prior for the last five years, but I really went into this quarterly plan.”

Chapters
00:00
Building a Strong Team: The Key to Success
09:21
Starting Out on Your Own: Challenges and Growth
14:43
Hiring the Right People: Building a Talented Team
21:43
Investing in Personal Development and Growth
22:12
One-on-One Meetings: Solving Issues and Fostering Growth
22:41
Open Communication and Feedback
23:59
Delivering a Quarterly Plan
29:40
Harnessing Technology for Streamlined Operations
34:21
The Impact of Mentorship and Coaching
39:32
Maintaining a Clear Vision and Long-Term Perspective

Podcast: Play in new window | Download (Duration: 50:13 — 115.0MB) | Embed

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Update
Yieldeasy is now Finresi

Summary
Jeff Gophstein, co-founder and CEO of Finresi, shares his journey from entrepreneurship to founding a tech-enabled finance business. He discusses the challenges of raising venture capital, the impact of interest rates on the real estate market, and the evolution of Finresi’s business model. The conversation delves into the complexities of the startup world, the importance of talent acquisition, and the nuances of venture capital funding. The conversation covers a wide range of topics, including problem-solving in business, the vision for Finresi, the alternative investment market, the challenges of opening up to non-accredited investors, the impact of interest rates, and the future of various industries. The conversation also delves into the effects of the pandemic on real estate, the uncertainty around interest rates, and the resilience required as a founder.

Keywords
entrepreneurship, real estate market, venture capital, tech-enabled finance, interest rates, talent acquisition, startup challenges, business problem-solving, Finresi vision, alternative investment market, non-accredited investors, interest rates, pandemic impact on real estate, founder resilience

Takeaways
Entrepreneurship is driven by a deep-seated desire to create and build something out of thin air.
Venture capital funding is not always necessary for every business, and the decision to seek VC involvement should be carefully considered.
The real estate market is heavily influenced by interest rates, impacting the viability of business models and investment opportunities.
Talent acquisition and team structure play a crucial role in the success and efficiency of a startup.
The startup journey is filled with unknowns and challenges, but it also offers unparalleled opportunities for personal and professional growth. The excitement of solving business problems and the fun of tackling new challenges.
The vision for Finresi and its potential to tap into the alternative investment market.
The challenges and considerations of opening up to non-accredited investors.
The impact of interest rates and the uncertainty surrounding their future direction.
The resilience and perseverance required as a founder in the face of challenges and setbacks.

Sound Bites
“Entrepreneurship is driven by a deep-seated desire to create and build something out of thin air.”
“The real estate market is heavily influenced by interest rates, impacting the viability of business models and investment opportunities.”
“Venture capital funding is not always necessary for every business, and the decision to seek VC involvement should be carefully considered.”
“I just love solving problems, right? So like if you’re constantly in a business where it’s like problem at the prime, you know, people think problems like, Oh my God, I can’t have it. No, there’s good problems.”
“The alternative investment market is projected to be like 25 trillion in the next 10 years. And I think that’s a matter of the fact that it’s never been so accessible.”
“I think for us, it also protects us because if a person is not accredited and they’re venturing into an alternative investment, you know, there’s a lot of paperwork affiliated, like you sign a subscription agreement with a PPM.”

Chapters
00:00 Navigating the Real Estate Market and Entrepreneurship
13:00 The Impact of Interest Rates on Business Models
25:49 Navigating Business Challenges and Problem-Solving
27:29 The Vision for Finresi and the Alternative Investment Market
32:04 Challenges and Considerations of Opening Up to Non-Accredited Investors
38:29 The Impact of Interest Rates and Uncertainty
48:58 Resilience and Perseverance as a Founder