Podcasts Business Flipping America Confidence!

Confidence!

Published: June 14, 2018, 6:40 p.m.

FAR 154 Expected Air Date: 05/31/18 Opening Hello Everyone. Great to be with you today. Today we are going to be talking about a quality that is absolutely important for any business owner, \xa0Confidence. You have to have it, but how do you get it? How do you keep it when life happens? How to you keep it in check - to prevent being over-confident? All that is coming up with a few lessons learned the hard way in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

  • Lunch with me every Wednesday.
  • Flipping America App is in the app store. You can listen to the show, read the show notes, and soon the entire catalog of shows will be available to you. It\u2019s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
  • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
News! Topic: Confidence Confidence is a vital quality for life but especially for business owners and operators. Confidence is an attracting quality that draws people to you. Properly sized and placed confidence provides inspiration, makes those around you more comfortable. For some people, confidence seems natural and easy. For others it\u2019s a challenge and their self-messaging often tells them they will never be a confident person. This is one case where what you tell yourself will certainly determine the outcome. Even the naturally confident person knows fear. The difference is what you do about it. Difficult if not impossible to launch your own business without confidence. You must believe in yourself, your idea or business plan, and in your ability to make it happen. This belief must be so strong in you that you can overcome the inevitable hardship you didn\u2019t plan to experience. Must be balanced. Over confidence can harm you and others. Cross the line too far and you\u2019ll come down hard. So the first battle is to get confident. The next battle is to temper that confidence with a healthy dose of realism. How to get confident. Where does it come from? You don\u2019t gain confidence from participation trophies. You gain confidence through actual achievement.
  • Some is innate.
  • Natural abilities
  • Acquired Knowledge
  • Learned skills
  • Repetitive application of knowledge and skills to reach the \u201creflex point.\u201d You no longer have to think about this thing you are doing, you just do it.
    • Professional athletes.
    • Skilled artists
    • Public speakers
    • Business leaders
  • Repetition creates Reflex leads to increasing confidence. Confidence feeds repetition and even greater skill level
  • Overcoming Fear
  • Faith
  • Encouragement from others. WaterBoy: \u201cYou Can Do It!\u201d,
How to NOT get over-confident. How is it tempered? The DANGER of success. Over-confidence, over estimating one\u2019s ability, over reaching.
  • The Waterboy says \u201cYou Can Do It\u201d but life sometimes says \u201cYou Can\u2019t Do That!\u201d Young children often seem confident without being overly self-aware. Life has a way of beating us down and sucking the confidence out of us.
  • Realistic Self Appraisal. A Man\u2019s gotta know his limitations, Dirty Harry
  • Going Trophyless. Not winning it all
  • Failure: Not winning AT all.
The Balancing Point
  • Confidence coming from experience.
  • Cautious courage in taking on something new.
    • Prepare
    • Mitigate Risks
    • Dip a Toe in.
  • Periodic Self-Review
    • Be honest with yourself
    • Give someone else permission
  • Seek the company of superiors. Accept their input, trust their processes.
    • You don\u2019t need to know why something works at first. Just follow the example of the person for whom it is working.
  • Lend a helping hand to others behind you but on their way up.
  • Embrace the occasional setback, conflict, and difficulty. As we climb the mountain we call life, it\u2019s the bumps that give us a hand hold and then become a foothold, thus enabling our ascent.
Motivational Thoughts for the day
  • Success is not final, failure is not fatal: it is the courage to continue that counts. \u2013 Winston Churchill
Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you\u2019re from!
  • Alyssa, Milwaukee, WI, \u201cI\u2019m speaking with a lady who wants to sell her home to me. She\u2019s in her 60\u2019s and wants to move to a Senior living center. She has lived in the house for the past 35 years. She is a bit of a hoarder with piles of books and magazines in every room in the house. It\u2019s hard to really know if there is any serious damage, but the house seems structurally sound. It needs some serious updating. I don\u2019t know how to price this and I don\u2019t know how to approach her with an offer. Houses are selling in the neighborhood for 400. There\u2019s a new neighborhood going in across the street with similar sized homes going in the 600\u2019s. My seller wants a fair price and I want to give it to her but neither of us have a clue what that would be. Oh and if it matters I\u2019m planning to flip the house.
  • Brandon, Kalispell, MT, \u201cI was in Las Vegas last week visiting friends and they told me about your show and that you had mentioned our little town more than once. So I checked it out and you give a lot of really good information. But how on earth did you hear of Kalispell?\u201d
  • Connie, Portland, ME, \u201cWhen it comes to paint, do you specify a particular brand? There are so many - are they all about the same? And why would there be large differences in quality anyway? Isn\u2019t paint paint?\u201d
  • Hector, Jacksonville, FL \u201cCan you connect me with a lender who will loan on rental properties -- I have a lead on several here from $50,000 to $125,000 in price.?
Questions@flippingamericaradio.com Tell us where you\u2019re from!