If you are in the market for an investment that will be able to sustain you and your family during economic downturns, you have probably already been exploring a wide variety of opportunities. Most people start off by looking at the restaurant industry. Take McDonald’s for example. According to various online sources, one would need over $1,000,000 to open a McDonalds! You may be overlooking the power of starting a group home.
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3 Qualities of Successful Group Home Owners
The great thing about success is that it can be duplicated. There is a proven set of commonalities between millionaires, billionaires, high-level athletes, musicians, and running a successful group home is no different. If you want to be successful, these are three nonnegotiables to getting there. We could make a list of about 10 – 15 traits that will increase your chances, but these are the three you must have.
If you want to get better at math, do you study science? Of course not, you study math. If you want to be more successful what do you study? Most people just assume that hard work will bring them what they want, and they never take the time to study success. You have to study it. When you listen to this audio, take our three traits and match them up with the success you see in your life. You will quickly learn that it matches up every time.
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Your Circle Of Competence and Why Sober Homes Are So Lucrative
If you read this blog periodically, you know that we are big believers in the quote, “there are riches in the niches.” Where this gets a little more fun is when you begin to “sub-niche.” What I mean by this is picking out an industry that you want to get into, where you know there is money being made, and something that (hopefully) you understand. Warren Buffett refers to this as your circle of competence. Periodically, you need to expand your circle of competence or as he likes to say “venture out to the perimeter.” Get ready to learn a crap ton about sober homes.
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Are You Worth More Than Just Paying Bills?
“I just love paying bills,” said NOBODY EVER! Society has drilled you into a life filled with barely surviving instead of THRIVING. You feel you have to depend on crappy jobs because you need to pay the car bills, and their credit bill and every other bill that they have racked up over the years! In today’s audio, we talk about escaping this life and how the real estate industry is the perfect escape for many people. Learning how to start a group home can be the most powerful thing you do for your finances.
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Why You Should Change Your View of Risk
The risk is really in the eyes of the beholder. Have you ever thought that maybe society had sold us a load of crap when it comes to risk? You can’t put it past society, though, we once believed that world was flat, that wearing seat belts were stupid, and that the media is our friend. We often realize much too late that when you go with the flow of society, you are often wrong. It pays to go against the grain, and after reading this article, you will see how the same goes for risk.
How to Maintain Relationships With Group Home Contacts
The best way to get started with your group home is by being a relationships builder(Maintain Relationships) with the major contacts in your community. In the video above we talk about how to go about doing this in an easy way. In the next video, we are going to cover which people in the community you need to have relationships with.
Maintain Relationships
Marketing your group home will be so much easier when you have strong relationships with the major players. You know the say, “It is not what you know, but who you know that counts.”
Who do you know that can help your group home?
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The Realities Of Group Home Ownership
Steve Schwarzman, I remember saying once, mentioned that he liked real estate because “real estate doesn’t talk.” I love this quote. He was saying that one of the big pluses in owning property is there is less human interaction. Sadly, humans can be error-prone, whiny, wild, crazy and a million different other things (or emotions)…Welcome to the wonderful world of business! Here is why I welcome you with open arms to group home ownership: When you start servicing your customers – especially in the affordable housing realm, group home arena, assisted living arena, memory care arena, sober home or whatever particular niche you play in; you are dealing with human beings!
You Have To Change Yourself Before You Can Change The World (Audio)
Aspiring group home entrepreneurs like yourself tend to have HUGE hearts! It is great because you genuinely want to start a business that is going to change the lives of others. Whether you recently adopted a kid yourself, or you had family members affected by drug, you are driven to help! There is nothing wrong with this as long as you understand that you cannot change others until you change yourself.
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Why Now is The Time to Start Group Homes
We have seen this scenario play out many times before. You decide that you want to change your life for good. You start looking for ways to do this, and you come across the niche real estate industry of creating group homes, retirement homes, etc. and decide that you want in. You start reading and researching, and your desire to change just gets larger and larger. The problem is that researching is the first step, but it is not the last step. You have to go and take action, and I want to make sure that you do just that. There is no time better than the present to start group homes.
Do You Tap Dance to Work? If You Don’t Make a Change
When your alarm goes off in the morning what do you feel? What runs through your mind? Are you happy? Or do you often wish your life played out much different? Do you always wish you could just go back to bed? These are the questions you need to answer because they will decide whether you pass or fail the tap dance test. The tap dance test is a quick way to figure out whether you are living a fulfilling life or not.