Top Business Mistakes That Could Cost You Big: Insights and Ways to Help Your Business Succeed
Jul 1, 2024
auto_awesome
Ryan Pineda, an experienced real estate professional, shares insights on avoiding business mistakes and achieving success. Topics include the importance of focusing on big markets, hiring experienced individuals, mentorship, and social media marketing strategies for business growth. Strategies for conversion optimization and exploring Apple's marketing approach are also discussed.
Focus on one core aspect for success in building big corporations.
Target businesses with substantial Total Addressable Market for growth potential.
Deep dives
Importance of Focus in Business
One key takeaway from the podcast is the significance of focus in business endeavors. The speaker emphasizes the mistake of not having enough focus and trying to do too many things at once. Examples like Elon Musk and Warren Buffet highlight the effectiveness of concentrating on one core aspect for success in building big corporations.
Significance of Targeting a Large Market
Another critical point discussed is the importance of targeting a substantial Total Addressable Market (TAM). The speaker mentions the impact of choosing a small market, using examples like selling pink t-shirts for men, which limits the growth potential and revenue generation. Emphasizing the need to go after businesses that cater to a larger market and offer more comprehensive solutions.
The Value in Hiring the Right People
The podcast underlines the value of hiring the right individuals, especially those with relevant experience and successful track records within the industry. The speaker shares insights on the mistake of trying to figure everything out independently and stresses the importance of seeking employees who have accomplished similar successes in previous roles. Examples like hiring individuals with successful backgrounds in running companies contribute significantly to the growth and success of a business.
Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/ --- ---
About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media a...
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode