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b'From the high-rise structures of corporate America to the unpredictable terrain of entrepreneurship, Kelley Thornton mastered the transition.\\xa0\\n\\xa0\\nIn this episode, Kelley Thornton, Founder & CEO at Tiege Hanley, Inc., shares his journey from corporate America to starting a business and offers insights into the skills and knowledge gained through working in a corporate environment that can be applied to business ownership. He discusses potential drawbacks, such as expecting too much structure to happen naturally rather than deliberately designing systems and processes for the business. He discusses the importance of learning from mistakes and taking risks while focusing on achievable goals.\\xa0\\n\\xa0\\nJoin us as we discuss these topics and more with Kelly Thornton!\\n\\xa0\\n[00:01 - 07:18] Opening Segment\\nIntroducing Kelley to the show\\nHe spent 20 years in corporate America and brought lessons learned to his business\\nReal estate investors are also business owners and entrepreneurs\\nThe differences between working in corporate America and owning your own business\\nThere is no one right path for everyone\\xa0\\n\\xa0\\n[07:19 - 14:49] How Corporate Experience Can Help a Business Owner\\nThe corporate world provides structure, processes, and knowledge that can be applied to business ownership\\nHaving experience in corporate America provides operational skills for a smaller entity\\nDownsides of corporate experience include expecting structure to happen naturally rather than deliberately designing it\\nTough lessons learned in business ownership include not hiring the right people and misaligning motivation with what the business needs\\n\\xa0\\n[14:50 - 21:23] How to Avoid Making Bad Decisions in Your Business\\nFailure is essential for success in an organization.\\nLearn from mistakes and try to improve with each decision\\nFire quickly if someone is not the right fit\\nGet out of the office and network to find new ideas\\nInvestigate what competitors are doing to stay ahead of the game\\n\\xa0\\n[21:24 - 26:04] Understanding DTC Businesses\\nKelley validates the philosophy of the platform through other companies analogous to ours\\nKelley shares his six-figure investment in TV advertising\\nA self-funded company that believes in being profitable and capital efficient\\n\\xa0\\n[26:05 - 30:53] Closing Segment\\nBest investment: family\\nWorst investment: investing in a biotech company\\nThe most important lesson learned: take the long approach\\n\\nQuotes:\\n\\xa0\\n"Entrepreneurship is a bit of a young man\'s or young woman\'s game, and the reason is because of the risk profile. As you get older, you have more responsibility, typically financial responsibility. Then your appetite for risk starts to wane a bit." - Kelley Thornton\\n\\xa0\\n"Failure is critical. If you want to be a successful organization, you will fail. You need to learn from that and get better." - Kelley Thornton\\n\\xa0\\n"Take the long approach. Nothing happens quickly." - Kelley Thornton\\n\\nConnect with Kelley!\\nWebsite: www.Tiege.com\\xa0\\nGo to www.Tiege.com/passivewealth and get a 30% discount!\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\n\\xa0\\nTrack your rental property\'s finances with Stessa. Go to www.escapingwallstreet.com.\\n\\xa0\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.'