Josh Cantwell is the top residential real estate investor in his community and has been a full-time investor since 2003. He has bought and sold over 740 properties in 25 states. Josh is laser-focused on entrepreneurship and raising capital and has raised over $30 million dollars to date.
Entrepreneurial Role Models:
- Josh’s Dad
- Sam Carpenter author of Work the System
When business started difficulties overcame:
“first was cash, cash flow, having enough cash to hire people, bootstrapping it and knowledge. I didn’t have a lot of knowledge about real estate. I had knowledge about the financial market’s. So how did we overcome those? We basically recruited private money. We recruited private capital from investors, we paid them a very high return on their investment because we were basically a start-up. And secondly we invested in our education, we went to seminars, we bought books, we went through webinars, we learned and learned and learned and learned and learned”…[Listen for More]
Favourite Books:
- Work the System: The Simple Mechanics of Making More & Working Less — 3rd Edition Book by Sam Carpenter
- Extreme Ownership: How U.S. Navy SEALs Lead and Win Book by Jocko Willink and Leif Babin
Also mentioned
- Principles: Life and Work Book by Ray Dalio
Favourite Quote:
“leadership must focus on improving processes, not on performing the work or on repeatedly snuffing out brushfires. Quality products or services, a stable staff, and profitability are the result of the quality systems that underlie them, not the reverse.” Sam Carpenter, Work The System: The Simple Mechanics of Making More and Working Less
Recommended Online Resources:
- The Entrepreneur Way – Learn from successful Entrepreneurs with Free Daily podcast interviews that reveal their business success secrets
- Audible – Explore the world’s largest selection of audiobook titles by best-selling authors
- On Purpose with Jay Shetty
Best Advice to Other Entrepreneurs:
“most businesses fail because of a lack of capital and a lack of funding… If your business fails it’s going to be for a lack of funding. And so my number one piece of advice would be it doesn’t matter what kind of business you have a small piece of your skill set as a CEO needs to be getting access to funding. Primarily equity investors or potential debt lines of credit but having plenty of funding…Make sure that you are properly funded by having investors invest in your business all end to your business. And make sure you have plenty of capital laying around”…[Listen for More]
More About Josh Cantwell:
Neil’s Quote at the Beginning:
“Every problem is a gift — without problems we would not grow.” Anthony Robbins, motivational speaker and writer
Other Quotes From the Chat with Josh Cantwell:
- “you don’t really know what you want to do until you are around those businesses”
- “what I have learned is that if something intimidates me, I need to go and learn that. I am only intimidated by a lack of knowledge”
- “one of the secrets to success is relationships. Relationships with other entrepreneurs… You don’t know what you don’t know. So being around other people and the relationships that I have in the entrepreneurial world those relationships have given back to me in many different ways outside of purely money. Relationship with guys who have given me ideas. Relationships with guys and girls and other entrepreneurs who have introduced me to employees. Relationships with other people who have referred me to a joint-venture or an affiliate relationship or a copywriter or a programmer, a software engineer. Most of my most successful staff, investments have come from a relationship where I was referred to somebody, I was introduced to somebody”
- “I love being at the front of my house, the front of my business because at the front of the house I am the one that gets to go and make those relationships. And every time I go to an event, I go to a speaking gig, I get on a podcast I have an opportunity to create a relationship like I am meeting you Neil and talking with you today, who knows what will happen in 2 to 5 years from now from this podcast. This to me is the ideal way to grow my business by meeting somebody new and building a relationship”
- “at the end of the day all of the risk falls on me, all of the risk falls on the founder. All of the upside is shared with everyone. But if that business goes backwards, falls apart and goes bankrupt guess who’s going bankrupt pretty much just the owner. So you have got to have extreme ownership over your business”
- “if you want to be successful in business do less; niche is rich. Do less become more focused on getting one or two or three products off the ground that you sell. Don’t be spread so thin or have shiny object syndrome”
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