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Tuesday, 21st May 2013 Hawaiian Standard Time
 

Below is an interview between one of my best friends on earth, Cory Boatright, and a lady who just closed on a $100 Million Dollar real estate transaction.

$100 MIL!

You’ll hear where she came from, where she is today, how she closed the 100 million dollar deal, & how she got a cool $100k wired to her account.

And this is the kicker.. she used ZERO of her own Cash!

Her story is phenomenal & inspiring.

The ONE THING she says to encourage others who feel hopeless in this economy is:

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I LOVE that most people don’t work on weekends.

Less people emailing, calling, texting, Skyping, Tweeting, and swinging by my office (Starbucks) usually leads to far greater productivity.

My weekends are usually spent in education & contemplation. Reading, planning, envisioning.

Right-brained tasks, rather than left-brained tasks. Working ON the business, rather than IN the business.

Without distraction, the mind of an entrepreneur is free to see it’s pursuits from 30,000 feet. To recognize strengths, weakness, opportunities, & threats that are obscure from a narrower perspective.

But it got me thinking,

Why does it have to be this way?

Why do emails, calls, and other channels of distraction have to be SO distracting from Monday to Friday (or ever)?

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Working intimately with so many entrepreneurs, I’ve heard a lot of horror stories about virtual assistants.

Tales of mis-hiring, terrible work quality, overbilling, identity theft…

I even heard one story about a new VA taking off to Central America never to be heard from again.

(Okay, that one actually happened to ME!)

I’ve been through it all — good & bad — but I’ve actually worked with the same incredible VA, Christiana, for almost 18 months now. And honestly, having her has changed my life.

VERY few entrepreneurs can grow their businesses & thrive as lone rangers.

There’s a point where you simply HAVE to start exercising only your strengths & outsourcing all your weaknesses if you want to grow.

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The U.S. Senate is considering a bill that would severely limit the way you do business as a creative real estate investor and, more importantly, is an inexcusable infringement of the property rights of all Americans.

HR 1728, which you can view in its entirety here, deals with a plethora of mortgage-related issues, mostly around limited terms and fees on residential loans.

But the heinous piece of the legislation is in section 101(3)(e), which defines the affected principals as:

(E) does not include, with respect to a residential mortgage loan, a person, estate, or trust that provides mortgage financing for the sale of 1 property in any 36-month period, provided that such loan -

(i) is fully amortizing;
(ii) is with respect to a sale for which the seller determines in good faith and documents that the buyer has a reasonable ability to repay the loan;
(iii) has a fixed rate or an adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and lifetime limitations on interest rate increases; and
(iv) meets any other criteria the Federal banking agencies may prescribe;

Yeah, I know, confusing.

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What makes an NFL football dynasty?

In other words, what makes a team a perennial Superbowl champion?

In the last few days, I’ve been thinking about this & drawing a lot of parallels to my business.

One of the fundamental keys, I’ve realized, is simply architecting the right team.

In his book “Good to Great,” Jim Collins discusses the commonalities shared by all “great companies” (a great company being one that produced cumulative stock returns of at least 3x the general market over a 15-year period… there were only 11 U.S. companies that met this strict criteria between 1965-1995.)

One of the foundational commonalities between these 11 companies was this:

Before ever deciding which direction to take their “bus,” the great companies focused on (1) getting the right people ON the bus, (2) getting the wrong people OFF the bus, and (3) getting the right people in the right seats.

So many companies (and teams) do this backwards.

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Day 5 :: Black Sand Beach :: Strategic Byproducts

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Day 4 :: Kalalau Valley :: Speed of Implementation

“Whoever watches the wind will not plant; whoever looks at the clouds will not reap.” - Ecclesiastes 11:4

If you wait for perfect conditions, you’ll never get anything done.

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Day 3 :: Waimea Canyon :: USP’ing Your List

“I have made more than 40 sea voyages & numerous land trips, & have gone clear around the globe once… I made all those journeys because I could not help myself–made them with rebellion in my heart, & bitterness. Human life is maliciously planned with one principal object in view: to make you do all the different kinds of things you particularly don’t want to do.” – Mark Twain in 1909

Here’s a phenomenal article by Jay Abraham on creating your USP…

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Day 2 :: Shipwrecks :: Outsourcing

Immediately after this video I tackled the lady in the pink shirt that walked behind me.

Just kidding. Maybe.

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Day 1 :: Spouting Horn :: Mastering Your Inner Game

There is a blowhole behind me in this video, believe it or not. (No jokes about me being the “blowhole”).

An interesting concept I learned from the great business mind, Ken Glickman, is that 24-hour days are for losers. :)

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