Failure Is the Best Teacher in Business | InvestHER's Liz Faircloth

I almost learned the hard way that entrepreneurship rewards action, but it also demands humility.Liz Faircloth, real estate investor, entrepreneur, and co-founder of the Real Estate InvestHER community, talks about the moments that shape an entrepreneur’s journey—the mistakes, the risks, and the lessons you can’t learn from a textbook.Liz shares the story of how she missed two mortgage payments because she refused to hire a $200/month bookkeeper, and how that painful moment forced her to step back, fire herself from the role, and build the team that ultimately helped scale her real estate business.We also dive into:- How a $30,000 loan from her father launched her first real estate investment- The impact of Rich Dad Poor Dad on her financial mindset- Why failure is often the fastest path to growth- The terrifying moment when $10 million in investor funds was stolen by a 1031 custodian- How she rebuilt trust and protected her investors- What it’s like building a business with your spouse- Why she created InvestHER, a global community helping women build wealth through real estate- How entrepreneurs can turn fear into opportunityFor me, the biggest takeaway is simple: you can’t avoid pain in business—but you can decide whether you learn from it.Connect with Liz Faircloth: https://www.linkedin.com/in/liz-faircloth-36783/Follow Invest HER: https://www.instagram.com/therealestateinvesther/Learn more about Invest HER: http://www.linktr.ee/investherTimestamps:00:00 The $200 mistake that changed Liz’s business01:05 Why entrepreneurs need failure to grow02:21 How Rich Dad Poor Dad changed Liz’s life08:42 Why you’ll never feel 100% ready to invest09:17 Lessons from Wharton and entrepreneurial thinking10:23 “Burn the boats” — the mindset of real entrepreneurs11:21 What it’s really like building a business with your spouse14:21 The biggest real estate scare of Liz’s career18:00 The responsibility of managing investor capital19:57 Protecting investors and rebuilding trust22:26 Navigating real estate during COVID25:24 The birth of the InvestHER community31:56 Why purpose matters more than profit33:00 Final thoughts on leadership, growth, and impactLike this episode? Leave a review here:https://ratethispodcast.com/commondenominator🎙 Common Denominator PodcastWebsite: https://moshepopack.com/podcast/YouTube: @mpopackInstagram: https://www.instagram.com/mpopackFacebook: https://www.facebook.com/MoshePopackNewsletter: https://moshepopack.com/newsletter/