HFHQ 35: A (Baker’s) Dozen Traits of Successful Flippers, Investors and Entrepreneurs

Today you get to climb inside my brain as I share with you a “baker's dozen” of traits that are shared by those who are successful, both in house flipping or any endeavor.  These are the traits that I consistently see in people who are successful, and if you follow these tips, then I have complete faith that you will succeed at whatever you undertake!

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Shout Outs!

A shout out to Salem, a member of the House Flipping Mastermind who visited me in Southern California.  He is definitely on fire and is killing it!  I can't wait to see how his business progresses. Thanks for meeting up Salem!

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Show Notes

In this episode we cover the top traits of successful house flippers, real estate investors, entrepreneurs and business people.

1. They get Educated
   1. You need to learn your craft.
   2. Sources of Education: podcasts, websites, books, seminars, mentors
2. They are Focused
   1. Don't get distracted by shiny objects.
3. They take (MASSIVE) Action
   1. Pick a plan, stick with it and go for it!
   2. Pick actions that generate income rather than “busy work”
   3. You can learn a ton by doing.
4. They Find a Way to make things work
   1. Don't be a “yeah but'er”
   2. Find what works for you and apply those things that make sense
   3. Teach yourself to look for things that will work for you, rather than focus on the things that won't work for you.
5. They Work Hard
   1. You have to put in the time and hard work to get success
   2. If you know how to do the work, you can build the right system
6. They are Decisive
   1. Don't take too long on the small decisions
   2. Do your due diligence and be smart, but don't sweat the small stuff
7. They Understand Risk
   1. Your job is to minimize and mitigate risk, not to be overcome by fear
   2. Don't “what if” yourself to death
8. They Accept Failure
   1. Look at failure as an opportunity to learn – be grateful for it.
   2. Your ability to overcome failure determines your success in business
   3. Every day put on your “problem solving hat” – make it your job to solve problems
9. They Use Systems
   1. Focus on the daily actions that will get you to your goals, but don't focus as much on the goal
   2. If you have systems in place, they will move forward regardless of your motivation
10. They Use Leverage
    1. Know what your time is worth and leverage the power of other people, capital and systems to help you take action
    2. Utilize other people so that you are free to build your business, instead of have your business run you
    3. Know the highest and best use of your time.  Where should your time be spent?
11. They are Consistent
    1. Each day wake up and get to work
    2. Motivation can be a part of your daily life, but consistency breeds success
12. They Surround themselves with the Right People
    1. Utilize the power of a mastermind
    2. Mastermind groups can be in person, online or on the phone
13. They Believe in Themselves
    1. You can do it!
    2. Believe in yourself beyond what other people say or try to convince you of
    3. Most of the time if you ask someone what they think of something you are doing they will give you a negative response

Tweetable Quotes

Click a quote to tweet it!

• “You've got to learn your craft” ~ Justin Williams
• “There are a million ways to make a million dollars, but if you focus on all of them (or even a few of them) at one time, you're never going to make them happen” ~ Justin Williams
• “Think less.  Do more.” ~ Justin Williams
• “Take the action that will generate revenue” ~ Justin Williams
• “Teach yourself to look for things that will work for you, rather than focus on the things that won't work for you” ~ Justin Williams
• “Opportunity is missed by most people because it is dressed in overalls and looks like hard work” ~ Thomas Edison
• “Sometimes you just have to make a decision and move forward” ~ Justin Williams
• “Doing nothing is guaranteeing you for failure” ~ Justin Williams
• “Being a successful business person is more about how you react and respond to failures, and how you manage your own internal emotions, than it is just about anything else” ~ Justin Williams
• “Failure is an opportunity to learn” ~ Justin Williams
• “Your systems are more important than your goal” ~ Justin Williams
• “Understand the power of leveraging other people” ~ Justin Williams
• “Consistent daily actions will trump momentary motivation every time” ~ Justin Williams
• “If there is someone else who is successful at something, then you can be too” ~ Justin Williams

Transcript

Click here to Read and Download the Transcript for Episode 35

Links and Resources

• The E-Myth
• Think and Grow Rich
• Tony Alvarez

If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!

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