Chapter
Growing a Real Estate Business without Debt
24:40 - 32:18 (07:37)
Keller Williams CEO, Gary Keller, explains why he decided to grow his business without taking on any debt, citing his desire to be smart with money and the relatively low amount of funding needed for a real estate company. He also reflects on hitting the "red light" and analyzing business decisions after facing setbacks.
Clips
Real estate is the few careers where you can come in as a job and then generate more income and move up the ladder, naturally leading to a business with employed people.
24:40 - 27:09 (02:28)
Summary
Real estate is the few careers where you can come in as a job and then generate more income and move up the ladder, naturally leading to a business with employed people. Gary Keller asserts that no external money is required to build a successful real estate business.
ChapterGrowing a Real Estate Business without Debt
Episode#401: Gary Keller — How to Focus on the One Important Thing
PodcastThe Tim Ferriss Show
The founder of Keller Williams Realty discussed the red light-green light game he plays when it comes to finances to analyze the success of the company, emphasizing the importance of generating enough cash flow and staying profitable.
27:09 - 30:38 (03:29)
Summary
The founder of Keller Williams Realty discussed the red light-green light game he plays when it comes to finances to analyze the success of the company, emphasizing the importance of generating enough cash flow and staying profitable. He also touches on starting a company with little capital and the competitiveness of the real estate industry.
ChapterGrowing a Real Estate Business without Debt
Episode#401: Gary Keller — How to Focus on the One Important Thing
PodcastThe Tim Ferriss Show
The speaker talks about his experience of shutting down a company and how it is a common situation among co-founders.
30:38 - 32:18 (01:39)
Summary
The speaker talks about his experience of shutting down a company and how it is a common situation among co-founders. He discusses the right decisions made and what he would do differently in retrospect.