Listen "It's easy to work hard, it's much harder to Chose the Right Direction"
Episode Synopsis
Please take a snippet for intro branded intro main episode If you could link to my linkedin profile that would be great in show notes In this episode, Shane shares insights on observing successful individuals in desired fields. He shares about Fred, a successful restaurant owner, about his journey to success, emphasizing the importance of choosing the right business model. Capital alone is not a competitive advantage in development, and a unique competitive advantage takes time to develop. Shane reflects on his own journey and warns against following others' goals and values, stressing the need for individual thinking. [00:00 - 06:36] The Importance of Choosing the Right Business Model Valuable insights can be gained from talking to successful people in desired positions over lunch The speaker had a conversation with Fred, a successful restaurant owner, and learned about his journey to success Fred's success came from owning land underneath his restaurants and working 12-hour days for over 40 years [06:37 - 11:33] The Realities of Real Estate Development: Why Capital Alone is Not Enough to Succeed A lady contacted the speaker about building townhouses in inner city areas and they discussed numbers and potential partnership Capital alone is not a competitive advantage in development and a unique competitive advantage takes time to develop The speaker realized the importance of having a competitive advantage and pursuing one's true passion Following in someone else's footsteps can be a trap and it's important to think for oneself and have clear goals and values You can connect with me on LinkedIn, follow me on Twitter, and watch my videos on YouTube. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes. Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel. Tweetable Quote: “Choosing the right direction is far more important than just working hard.” - Shane Melanson
More episodes of the podcast The Game for Real Estate Investors and Developers
Jeremy Giffon review and notes
18/08/2023
A tribute to the late Sam Zell
07/07/2023
Can you send me your Proforma? No...
30/06/2023
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.