Welcome to a real-world MBA, where entrepreneurs guide you through what it really takes to start, scale, and sell your own business. Your hosts: J and Carol Scott, who left careers in corporate management to launch their own house-flipping business. Every Tuesday, you'll meet a new guest and learn actionable tips for hiring, firing, marketing, raising capital and more. So whether you're looking to boost profits or bring a new idea to life, you'll come away informed and inspired. Tune in, and learn how to treat your business like a business!
https://www.biggerpockets.com/biggerpockets-business-podcast
episode 95: Developing Unstoppable Partnerships with Elliot Smith and Tucker Merrihew
Building businesses from the ground up isn’t easy. It requires patience, hard work, and most importantly, a solid team. Without trust in that team, the product, the company, and the vision can completely disintegrate. When a team flourishes, you can create a massive success, where everybody wins.
Tucker Merrihew and Elliot Smith have been working throughout the past year on Call Magic, a service that helps uncover leads for real estate agents, wholesalers, flippers, and other real estate professionals. Elliot originally teamed up with Cole Ruud-Johnson (who you’ll hear on our Real Estate Podcast, very soon), and everything was running well, but they realized they needed a leader. After Elliot talked to Tucker about the project, Tucker was in.
There was just one contingency: the product and the company had to be the best of the best. The three partners agreed to put their all into it, and respect each other’s work. Cole already had experience running an outsourced cold calling team, Elliot had years and years worth of real estate experience under his belt, and Tucker had the Real Dealz Podcast audience at his disposal.
Elliot and Tucker walk through setting up your business and your team for success, what to worry about and what to hold off on, hiring team members from overseas, and growing a business to scale, not fail.
In This Episode We Cover:
- What to look for in a business partner/what to look for in an existing partnership
- How to “dummy proof” your business
- Managing, paying, and hiring workers that are overseas
- How to have better cold call conversations that secure leads
- Setting out to become the best of the best in your industry
- Trusting your partners and letting them show their strengths when working together
- And So Much More!
Links from the Show
- BiggerPockets Real Estate Show
- BiggerPockets Podcast 381: 5 Rules for Investing in a Down Market with Tucker Merrihew
- Marketing Machines, Spec Houses, Flipping & Wholesaling | Podcast
- BiggerPockets Podcast 255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith
- BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith
- Apple
- Tesla
Check the full show notes here: https://www.biggerpockets.com/bizshow95
Learn more about your ad choices. Visit megaphone.fm/adchoices