What are the different diseases of entrepreneurism?

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
4y

1. Ignoring the competition

2. Failing to spend

3. If I want it done right, I'll have to do it myself

4. Hiring cheap

5. Hiring anybody just to fill a seat

6. Never say "No"

7. Growing too quickly

8. Failing to plan or set goals

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    4y

    1. Ignoring the competition

    2. Failing to spend

    3. If I want it done right, I'll have to do it myself

    4. Hiring cheap

    5. Hiring anybody just to fill a seat

    6. Never say "No"

    7. Growing too quickly

    8. Failing to plan or set goals

    The DIY Landlord Book4.7247 Reviews
  • Lender · CO CA TX WA ID OR · Member since 2020 · 419 posts · 542 votes
    4y

    1. Hiring other entrepreneurs

    2. Scarcity mindset

    3. Comparing yourself to others

    4. Not comparing yourself to others

    5. Talking to your aunt about LIBOR rate adjustments

  • Real Estate Agent · Auburn Hills, MI · Member since 2022 · 45 posts · 67 votes
    4y

    1. Multi-tasking, not subing out some of the tedious work you need done

    2. Working in your business and not on your business

    3. re-investing in your business

    4. Going with what worked in the past instead of evolving with the times

  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y

    Always optimistic, we never save money and use it all on RE. We always want to grow and nothing is big enough

  • Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    4y

    Wealth~!

  • Investor · Colorado Springs · Member since 2021 · 58 posts · 39 votes
    4y

    Adding too many irons in the fire.

    Staying in one strategy while ignoring the rest. 

    Dreaming too small

    Focusing on what the person on the other side of the deal is getting and not focusing on what you're getting. 

  • Bulawayo, Zimbabwe · Member since 2015 · 1k+ posts · 253 votes
    4y
    Rose tinted glasses
    Dabbling
  • Financial Advisor · San Antonio Texas · Member since 2022 · 100 posts · 53 votes
    4y

    Fear and self doubt:  I find myself questioning whether or not I'm smart enough or if I can make it.  I have to take a few seconds and reset my mind.  Everyone has felt that way at one point or another.  It's part of the process.  Pushing through fear, uncertainty, and doubt is necessary to be successful.

    Listening to people who aren't in the game:  Plenty of people will have advice on how to invest in RE and they've never even bought a primary residence.  Don't compare yourself to others, but look at a few people who you consider successful and see if you're completing the same daily, weekly, monthly, and yearly actions to achieve that level of success.  If you want to be the best basketball player in the world are you going to listen to Michael Jordan and Lebron or are you going to listen to that guy from high school who sat the bench?  

  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    4y

    1. 5% rule - we only believe in 5% for capex, vacancy, maintenance and repairs while also getting 5% rent growth year over year.

    2. You do not need an attorney

    3. You do not need a CPA

    4. LLC solves all problems

    5. I can predict the market

    7e investments53 Reviews
  • Matthew MorrowBusiness Member
    Investor · PA - NY - NJ · Member since 2019 · 600 posts · 201 votes
    4y

    never saying no is a huge thing. Always know your limits, although as tempting as the fruit might be sometimes


    Quote from @Nathan Gesner:

    1. Ignoring the competition

    2. Failing to spend

    3. If I want it done right, I'll have to do it myself

    4. Hiring cheap

    5. Hiring anybody just to fill a seat

    6. Never say "No"

    7. Growing too quickly

    8. Failing to plan or set goals


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  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y

    Being way to optimistic all the time 

  • Contractor · Morris County, NJ · Member since 2020 · 186 posts · 91 votes
    4y

    burning out

    working in the business vs on the business

  • Real Estate Agent · Chicago, IL · Member since 2018 · 1k+ posts · 1k+ votes
    4y

    Being a wantrepreneur and never actually following through.

  • Rental Property Investor · Mansfield, OH · Member since 2021 · 129 posts · 89 votes
    4y

    1. Not thinking big enough 

    2. Unclear exit

    3. Scarcity mindset

    4. Doing it all alone

  • Member since 2021 · 7 posts · 10 votes
    4y

    Imposter Syndrome:  from Psychology Today

    People who struggle with imposter syndrome believe that they are undeserving of their achievements and the high esteem in which they are, in fact, generally held. They feel that they aren’t as competent or intelligent as others might think—and that soon enough, people will discover the truth about them. Those with imposter syndrome are often well accomplished; they may hold high office or have numerous academic degrees.

  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    4y
    Quote from @Erik Browning:

    1. Hiring other entrepreneurs

    2. Scarcity mindset

    3. Comparing yourself to others

    4. Not comparing yourself to others

    5. Talking to your aunt about LIBOR rate adjustments


     Please expound on number one that you listed.

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