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68: Rookie Reply: Stop Making Excuses in Business & How to Develop a “Scout Mindset”

68: Rookie Reply: Stop Making Excuses in Business & How to Develop a “Scout Mindset”

FromReal Estate Rookie


68: Rookie Reply: Stop Making Excuses in Business & How to Develop a “Scout Mindset”

FromReal Estate Rookie

ratings:
Length:
31 minutes
Released:
Apr 10, 2021
Format:
Podcast episode

Description

It’s not uncommon that we make excuses for ourselves, especially when it comes to our businesses. A contractor may have let us down, or a tenant took advantage of a poorly-written lease, or our partner isn’t doing a job as well as we’d like. Are these problems fully forming because of the other person, or ourselves?Today we talk to Julia Galef, author of The Scout Mindset and host of the “Rationally Speaking” podcast. Julia is trying to answer a big question: how do we improve our reasoning and our decision making? For her, there is a big difference in mindset. Sometimes we have a scout mindset, which allows us to be more exploratory and see what really is going on. Then we also have a soldier mindset, which is when we’re seeing only our pre-existing beliefs. How do you know if you’re using your scout or soldier mindset? Ask yourself if you’re rationalizing your situation or just making excuses.This can be hard as business owners and investors because we often are the first to blame someone else for our problems. We even downplay our shortcomings, like when a novice flipper thinks he or she can do the electrical, plumbing, foundation, and flooring work without any prior experience. It’s important for us as people and investors to get honest feedback not only from our clients, tenants, contractors, and partners, but also from ourselves.In This Episode We CoverThe difference between a scout mindset and a soldier mindsetHow to get out of fooling yourself into believing something that isn't trueJeff Bezos’s “30% Success” story Implementing feedback in a way that is beneficial for you and those around youLeaning into confusion and finding the underlying causesBeing a better real estate investorAnd So Much More!Links from the ShowJeff BezosAmazonTony RobbinsCheck the full show notes here: https://www.biggerpockets.com/rookie68See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 10, 2021
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.