WS1661 - Building Businesses and Investing in the Future | Justin Sloan

Justin Sloan, CEO of Sloan Capital, discusses the importance of discipline and consistency in building successful businesses. His background in the cell phone industry taught him the value of commission-based pay and the drive to work hard and earn more. After scaling his cell phone business, he invested in real estate, eventually accumulating enough properties to retire at the age of 32. Sloan emphasizes the importance of building a team of individuals who are good at implementing systems and consistently executing tasks to achieve success.Key Takeaways:Discipline and consistency are crucial to building successful businesses.Commission-based pay can be a strong motivator to work hard and achieve success.Building a team of individuals who are good at implementing systems and consistently executing tasks can lead to long-term success.Justin Sloan funded his early business ventures by working in his stores 80 hours a week and living below his means.He gradually expanded his business by hiring more people, taking out loans, and opening more stores.After seeing the writing on the wall about the future of the cell phone business, he started exploring other opportunities, including real estate.He scaled his real estate business quickly by hiring a property manager and using his profits to buy more properties.He has since sold much of his real estate in anticipation of rising interest rates and is now focused on building another chain of businesses, using private money to beat up landlords who have been greedy and raising rents without providing value.Justin is a data-driven investor who believes that data tells a story and that it's up to us to interpret that story and make decisions accordingly.He predicts that there will be less properties trading in the next few years due to rising interest rates and that many investors who have overpaid for properties and raised rents without providing value After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/