SaaS 🏴☠️ | Property Management Fanatic 💙 | I write a bi-weekly newsletter to 4k PMs talking people, process and profit.
Why I Exited ProfitCoach
|
After 7 years I've exited ProfitCoach. Why did I exit? One word: Focus. Long term concentrated focus on a singular goal at the exclusion of all else. In practice this looks like saying no to fantastic opportunities I both believe in AND want to do. If it's not excruciating to say no to - you're not really focused.
"The difference between successful people and really successful people is that really successful people say no to almost everything." – Warren Buffett. Not only did I like my partners at ProfitCoach, I like the market, the problem area and deeply believe in the future direction of the company. ProfitCoach is and will continue to be a success... and I sold it. Painful. Yet I am clear this was 100% the right decision. My role as CEO at LeadSimple is requiring everything I have to give and then some. We're growing 80% per year and have added +50 team members in the last 24 mo. I'm responsible to my team as well as the clients that have come onboard as investors in LeadSimple. Half measures won't cut it which is why I'm now exclusively focused on building the backbone of property management operations here at LeadSimple. Here's my question to you... What's your #1 priority? Your most important endeavor. The thing you know will pay off if done with excellence. The project you're willing to grind on for the next decade (there are no shortcuts). What would happen if you gave it 100% of your focus? Are you expecting greatness from partial efforts? Burn the boats. Go all in. LIVE. "“The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.”" - George Bernard Shaw - JAAM P.S. - Turning Pro: The Difference Between Amateurs and Professionals 🔥 P.S.S. - Extreme brainstorming questions to trigger new, better ideas 🤯 P.S.S.S. - In case it was unclear > Lack of Housing Supply Is Largely Responsible for High Home Prices and Rents - Study from the Urban Institute P.S.S.S.S. - Practical AI > Turn low res images into high res, regardless of quality 📸 P.S.S.S.S.S - Career Development: What It Really Means to be a Manager, Director, or VP > Title inflation is lethal and forces people out when you try to correct it. Industry news and updates:
--- Know someone that would enjoy the newsletter? They can subscribe here. |
Jordan Muela
SaaS 🏴☠️ | Property Management Fanatic 💙 | I write a bi-weekly newsletter to 4k PMs talking people, process and profit.
Note: Ready to build your 2024 growth strategy? Come to the All Bound conference this December in Austin, TX. --- Early in my career I viewed neutrality as weakness. The term “fence sitter” comes to mind. Make up your mind… pick a side. I felt safe and strong knowing what team I was on. Fast forward to today and my leadership style looks very different. Why? Because scaling has taught me one thing above all. Neutrality is critical to effective leadership. Neutral means open. Maximally...
Ben is a legend in this business. His operational chops are unparalleled. He figured out ops, growth and profitability. And now he is entering the next chapter of his career. Ten years to the day after starting his property management business, he has exited the game through an acquisition to Rhome, the single family arm of Associa. I’ve been through a lot with Ben and this conversation was bittersweet for me. Ben was one of the first customers at LeadSimple. He was the first check in when we...
Earlier this week the Wall Street Journal released an article entitled > What’s Worse Than Record High Rent? Record High Rent, Plus Fees "Landlords are hitting tenants with an abundance of fees every month. Many are no more than five or 10 bucks each, but when stacked up they can amount to hundreds of dollars more each year. Some fees, such as those for parking and pets, have been around for years, but many renters now pay up for things they were rarely charged for in the past." "The five...