Ryan Serhant Reveals The MINDSET Behind His Billion Dollar Empire
Nov 4, 2024
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In this engaging talk with Ryan Serhant, a real estate mogul and Netflix star, he shares insights from his journey from hand model to building a billion-dollar empire. Ryan discusses the conflict between chasing importance and finding genuine happiness, revealing lessons learned from turning 40. He also elaborates on scaling businesses, the significance of company culture, and how hard work can make luck easier to find. Dive into his reflections on success, personal growth, and redefining what it means to lead a fulfilling life.
Discovering true passion involves a journey of trial and error, prioritizing genuine happiness over the pursuit of importance.
Embracing failure as a necessary part of growth fosters resilience, encouraging individuals to learn from experiences and innovate continuously.
Building a strong team aligned with shared values drives business success, creating a collaborative environment that effectively adapts to challenges.
Deep dives
The Journey to Finding Passion and Purpose
The speaker emphasizes the importance of discovering one's true passion and aligning it with their purpose. This often involves a journey of trial and error, where individuals explore different paths until they find what resonates with them. A significant realization can occur when individuals redirect their focus from merely seeking importance to pursuing happiness, which ultimately drives their motivation and fulfillment in their endeavors. The speaker reflects on their own experience of waking up each day ready to embrace the challenge of uncovering what truly brings joy and satisfaction.
The Importance of Resilience and Risk-Taking
The conversation highlights that the fear of embarrassment often holds people back from trying new things or taking risks, which can stifle personal growth. Embracing failure as an inevitable part of the journey allows individuals to pursue their goals with resilience, learning from their experiences. The speaker recounts personal failures when launching products that didn’t meet market needs, recognizing that understanding customer needs is crucial for success. This acceptance of failure contributes to developing a growth mindset and encourages continuous innovation.
Building a Strong and Aligned Team
The speaker discusses the significance of surrounding oneself with the right people, stressing the need for alignment in passion, purpose, and vision. Finding team members who share similar core values and goals can drive a company's success, as they foster a collaborative environment and contribute to cultural cohesion. The speaker reflects on past hiring experiences where selecting individuals who were too different often led to disconnect and dissatisfaction. By focusing on building a strong team with shared passions, businesses can thrive and adapt more effectively to challenges.
Embracing Change and the Future of Real Estate
Predictions for the real estate market reflect a cautious optimism as interest rates fluctuate and economic conditions evolve. Despite a challenging landscape with declining home sales, there is potential for recovery as new opportunities emerge, particularly with generational shifts in homebuying behavior. The speaker anticipates that as interest rates stabilize, pent-up demand will fuel a resurgence in the real estate market while highlighting important adaptations from sellers and buyers alike. This evolution underscores the need for strategic planning and adaptability in navigating the complexities of the real estate landscape.
Defining Greatness Through Impact
The speaker elaborates on the subjective nature of greatness, stating it is often defined through the perception and affirmation of others. This perspective encourages individuals to consider the broader impact of their actions and how they contribute to the lives of those around them. Greatness encompasses a blend of good and bad experiences, suggesting that the complex nature of human experience shapes one's legacy. Ultimately, the desire to be viewed as great is tied to meaningful connections and the influence one has within their community.
In this episode of the School of Greatness, I sat down with real estate mogul and Netflix star Ryan Serhant to explore the intersection of success, happiness, and purpose. From his humble beginnings as a hand model to building a revolutionary real estate empire and starring in the #1 show on Netflix, Ryan opens up about his relentless drive for excellence and his recent revelations about what truly matters in life. He shares raw insights about turning 40 and realizing he'd spent two decades chasing importance instead of happiness. This conversation dives deep into the mindset of billion-dollar success while examining the personal cost of endless ambition. Whether you're an entrepreneur, sales professional, or someone seeking to understand the delicate balance between achievement and fulfillment, this episode will challenge your perspective on what it means to live a truly successful life.
Learn how to build an empire like Ryan's: Sellit.com
Check out Ryan's Netflix Series "Owning Manhattan" on Netflix!
IN THIS EPISODE YOU WILL LEARN:
How to differentiate between chasing importance versus pursuing genuine happiness
The strategic approach to scaling businesses 100X instead of settling for incremental growth
Why making luck "easy to find" through consistent hard work is the key to breakthrough success
The crucial difference between inherited wealth versus earned wealth mindsets
How to build a company culture that encourages honest feedback and constructive disagreement
The power of focusing on what your customer needs rather than what you think they want
