Scaling Your Land Investing Business Like A Pro

Over the next few episodes of The Land Geek Round Table, we are going to take a deep dive into scaling your land business. The objective is to take you from working IN the business to working ON the business, on your schedule!

Joining Mark this week are:

• Tate Litchfield
• Mike Zaino
• Mimi Schmidt
• Scott Todd

Listen in as the team talks about what life in the business looked like when they were first starting out and what it looks like now, working on the business… and we can tell you, it looks much different!  

We all want to have our money problem solved. But ultimately, you want your time problem solved so that you have complete control of how you spend your time in your life. If Monday or Tuesday is the same day as Saturday or Sunday or Friday, that's an amazing feeling. I remember that first time I got sick after I quit my investment banking job and this amazing sense of relief that there was no one to call, there's no stress, I didn’t have to deal with a manager or anything like that. I could just be sick.  -Mark

Find out the details on:

• How many hours a day they worked then and now
• Their first hires
• How long it took them to get to where they are today

Beside time, find out what it took for our team to get to the point of where they are today—running a successful business that will run with or without them. Bottom line, their success comes down to determination. 

You are going to have obstacles along the way, both in the business and in your personal life but if you’re able to push through them and keep going, there is no reason why you can’t be successful in this business. 

I think that people need to understand, also reiterate the fact that it’s the deep work that got us to this point. It's like you always say, ‘it's simple, but it's not easy’. You're going to get kicked in the teeth in this business. It takes a lot of deep work and a lot of mistakes and recoveries and commitment because a lot of people get stopped in this business and I think that it comes down to, it can be sort of an excuse when something strong comes up that blocks you and you don't push through it. 

You have to not allow that to become an excuse. 

I don't want to belittle anybody's issues that will come up in the business but we all have these things that happen and we've all pushed through them. We're here now because we pushed through that. So it's important to realize that, if you're out there listening and you're struggling, that we've done that and it's the only reason we're having good results now is because we pushed through it and you can too so that's like the other side of it. -Mike

And finally, work at YOUR OWN pace. The definition of success is not based on speed or keeping up with others in the business. 

People are going to do well at their own pace. How I define success is not necessarily how Mimi defines success. There is no success spectrum that says, ‘well, he did it in this amount of time, well, then that makes him successful’. 

How do you define success? 

If you define success by building a passive income and getting the heck out of your day job, what does it matter how long it takes? It does not matter and should not matter. 

Unfortunately, I think that a lot of times people put artificial time horizons on their success and they go, “Well, okay, I'm going to try this for six months.” Well, I can tell you in six months, you won't be successful. End of story if that's your time horizon. I don't know what you're going to be successful in for six months but it's not this. But if you're willing to continue to chisel away slowly and methodically at building the business that you want, well then you can do it. It's just you have to do it. That's the difference. -Scott

TIP OF THE WEEK

Mark: Check out Tentrr.com—it's like Airbnb but with tents. You can share your land, become a camp keeper and earn annual income by hosting guests on your land.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?