Learn the three principles for creating great companies, setting ambitious goals, and the importance of persistence and resilience in achieving success. The podcast discusses the power of marketing and the value of community support in overcoming obstacles and reaching greatness.
Understanding your motivation and purpose is crucial for building something great; uncovering your 'why' is essential.
Building a successful venture requires patience, endurance, and the ability to persist over time; celebrating progress and steady dedication lead to great achievements.
Deep dives
The Importance of Knowing Your Why
To build something great, it is crucial to have a clear understanding of your motivation and purpose. This applies not only to business but also to other areas of life. Setting targets and goals is important, but knowing the underlying why behind your aspirations is even more essential. The podcast suggests an exercise called 'seven levels deep' to gain clarity on your why. By continuously asking why and digging deeper, you can uncover the true reasons behind your desire for success. For the speaker, their why was rooted in wanting to be a part of something great and making their family proud.
The Value of Patience in Building Something Great
Building a successful venture takes time and patience. The podcast emphasizes the significance of patience and the compound effect of consistent effort over an extended period. It challenges the cultural tendency to seek instant gratification and highlights the importance of endurance, resilience, and the ability to persist over time. The speaker shares personal examples, such as their experience with running a Spartan ultra race, where the mindset of relentless forward progress guided them through challenges. They also discuss celebrating progress and understanding that great achievements come through steady and patient dedication.
The Power of Persistence
Persistence is a key ingredient in achieving greatness. The podcast references Og Mandino's book, 'The Greatest Salesman in the World,' highlighting the mindset of persisting until success is achieved. The speaker acknowledges the setbacks and challenges they have faced throughout their journey and stresses the need to cultivate a mental attitude of never quitting. They share personal stories of setbacks and remind listeners that persistence is fundamental to overcoming obstacles and achieving long-term success.
It's no secret that success doesn't come to us easily. It's something that must be greatly desired, fought for, and sacrificed for. In this episode, Spencer walks through three principles for property managers to consider on their path to creating great companies.
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Connect with Matt and Spencer at Evernest: Evernest.co