This is the presentation of the seminar titled Chief Entreprenuerial Orchestrator Business Mastery. The information reveal in this seminar will help real estate investors set up and run a more efficient business.
3. Problems with Most REI Business First Problem-Technique Driven Business Second Problem- The Lone Ranger Approach Third Problem- What Entities to Use To Grow and Protect Their Assets Effectively & Efficiently
4. #1 Problem with Entrepreneurs #1 Problem with Entrepreneurs is after 18 month no-management –system infrastructure What is Your Challenge?
5. What to do about it? The Three Most Important Segments of Your REI Business Step by Step on How to Start & Run Your REI Business Steps You Must Follow to Build Your “Dream Team” What Entities to Use in Your Business
6. Business System Gary Keller, Owner of Keller Williams Realty, interviewed over 100 investors in the United States for the book “The Millionaire Real Estate Investor”
7. Business System “The Book was such a hit” That Gary Keller decided to make a DVD featuring 2 of the 100 + investors that were interviewed, and Elmer Diaz and our Pasadena, Texas Franchise was selected as one of the two investment companies for the DVD
8. What would it take? Do Know the Definition of Insanity? Change Your Paradigms Persistence
9. 3 Other Profound Business Books E-Myth by Michael Gerber Rich Dad, Poor Dad by Robert Kiyosaki 4- Hours Work Week by Timothy Ferriss
10. 7 Keys to Success in Life Develop the right Y Develop the right Attitude Define your Dreams & Goals Get Smart REI Business Model Networking Wealth Mastery
11. Trial & Error My Story Why ? Is all about Your Vision!
12. Attitude “If you really want to do something in life, you will find the way!” “If you don’t you will find the excuse.”
14. What Do You Want To Build? Are You Going to Work “IN” Your Business? Or do You Rather Work “ON” Your business? … That is the key to building a Successful Real Estate Investment Business.
15. The Mentality of the “Wealthy” First and foremost, we have to educate ourselves on the concepts that make you wealthy!
16. Finance 101 Poor Class Mentality (Survival) Middle Class Mentality (Consumption) Wealthy Class Mentality (Net Worth)
17. The poor and the middle class live in a “rat-race” The Poor: Work for a Living-Go from Income to Expenses. Income comes after Taxes Income Expenses
18. The poor and the middle class live in a “rat-race” The Middle class: Work for a Living-Go from Income to Liabilities, then to Expenses- Income comes after Taxes & Assets are Liabilities Income Expenses Assets Liabilities
19. The Wealthy… on the other hand! Work for new assets-Money goes from income to assets, then to Entities Income Expenses Then back to Income. Entities Entities pay Expenses and Liabilities, then whatever left Pays taxes Assets Liabilities
20. BUSINESS MODELS E-MYTH MODEL RICH DAD-POOR DAD MODEL 4 HOUR WORKWEEK MODEL ELMERS CEO BUSINESS MASTERY MODEL
21. What is Your Business Model? Traditional Corporate Structure Team Concept Structure NEW CEO 2.0 VIRTUAL BUSINESS STRUCTURE
22. Welcome to the R2S BUSINESS MODEL Your Road 2 Success, Freedom and Wealth.
33. CEO Business Mastery Systematizing Your Business Policies & Procedures Operational Business Plan-Business Operations Outline Executive Summary Mission & Vision History Management Marketing Strategies Financial
34. CEO of You, Inc. Marketing Plan Small Claims Court Business Cards Word of Mouth Flyers Bird Dogs Newspaper ads Postcards Yard Signs Lead Generation $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
35. CEO Business Mastery Marketing Plan Current Market Situation- Marketing Cost Threats an Opportunities Objectives and Issues Marketing Strategies Action Program Controls Pricing Policy-Warranties
36. CEO of You, Inc. Financial Plan (never run out of ROI) Reserves Overhead Investment Private lending Private Placement Institutional Financing
37. R2S Business Mastery-W.B.P. Financial Plan Current Financial Reports and Information Yearly Projected Income Statement a.k.a. P&L Balance Sheet Break Even Analysis Cash Flow Analysis The Financial Future
38. CEO of You, Inc Build Your Dream Team Manage Your Time (Tasks) Delegate Hire The Right People Manage People
39. You Personal Assistant BUY HOLD EXIT Acquisition Specialist Foreman Retail & Leasing Agent
40. What Are You Protecting Against? Over Taxation Probate Costs Nuisance Lawsuits from tenants, buyers, sellers, and people who just want your money The death or incapacitation of you or a partner Fear that could hold you back from making profitable decisions
41. The 3 MostImportant Entities Family Trust (3) (1) Limited Liability Comp (Management.) Flip Family Limited Partnership Long Term-Keepers (2) Land Trust Property
42. Tax Advantages of these Entities (Schd E) (1041) You 1040 Family Trust $50,000-$25,000=$25,000 $25,000 (1065)K-1 $100,000-$50,000=$50,000 Limited Liability Comp (Management.) Flip Family Limited Partnership Long Term-Keepers (1065) K-1 $100,000 Land Trust Property $50,000
43. You must have your game plan in place Money Machine(s) working for you Entities set and running (tax and asset preservation) Personal and business cash reserves