Gene Guarino owns, operates & invests in Residential Assisted Living Homes throughout the US. Gene speaks in over 50 cities & 5 countries on Residential Assisted Living & the opportunities for business owners, operators, investors & entrepreneurs. He has trained over 300,000 people over the past 30 years on topics ranging from real estate investing, starting your own business, entrepreneurship & he has focused exclusively on RAL for the past 7 years.
Entrepreneurial Role Models:
- Gene’s Mother
- Robert Kiyosaki
- Tom Hopkins
When business started difficulties overcame:
“I started very, very young so before would be 12 years old because I have literally been doing things since then. I think the challenge for a lot of people in getting started is they assume that it is risky to start your own business. It’s better they assume to work for someone else where it is stable. My thought is that it’s the complete opposite . If you work for somebody else you are making their dream a reality not yours, you are working at their discretion not yours and you can only earn what they allow you to earn based on the work they require. To me that is a trap. That would be the hardest thing for somebody today saying I’m going to change and become an entrepreneur versus working for somebody else ”…[Listen for More]
Favourite Books:
The Cycle of the Gift: Family Wealth and Wisdom Book by James E. Hughes Jr. and Susan E. Massenzio and, Keith WhitakerFavourite Quote:
“imperfect action is better than perfect inaction”
Recommended Online Resources:
- Cost of Care Report – Discover and compare the average cost of long-term care by care facilities and state with our yearly
- Audible – Explore the world’s largest selection of audiobook titles by best selling authors
- Sleepzy – Sleepzy – Sleep Cycle Tracker. Sleepzy is a smart alarm clock that tracks your sleep patterns, wakes you up during the lightest sleep phase in a way that feels natural to get up, analyzes your sleep quality, and notifies you if you have a sleep debt. It’s an essential app for everyone, whether you’re a morning person or a night owl.
Best Advice to Other Entrepreneurs:
“don’t let your entrepreneurship overtake what’s really important. What I mean by that is family, loved ones, people that you are with. You know Neil I work with seniors and people who have housing and security issues all the time and nobody especially as they get older ever sits there and says I wish I’d worked harder or I wish I’d put in more hours or I wish I’d started that the business. They all without exception are talking about their family, the events, the time they spent or unfortunately time they wish they had spent”…[Listen for More]
More About Gene Guarino:
Residential Assisted Living Academy
Neil’s Quote at the Beginning:
“You were born to be a player. You were meant to be here. This moment is yours.” Herb Brooks
Other Quotes From the Chat with Gene Guarino:
- “you cannot do everything yourself. Truly you are not an island, you are not the best at everything. And the sooner you figure that out the faster you will go. The other part of that is I think a lot of times I think entrepreneurs specifically assume they cannot afford to hire somebody else. And really what it is you need to look at that completely differently. That person that I bring in if they can make two or three times income or input into the business and value what it costs to pay them to have them then you can expand infinitely. So, once I understood that… I was a solo entrepreneur for decades until about seven years ago when I said okay, I need help. And once I got that it alleviated a lot of the things that I was doing because I had to know I didn’t have to. So those things you aren’t best at and you don’t like are the first to go. Those things you are not the best at but you do like that’s the next things to go. And the only thing you want to retain are the things that you love to do and you are really good at, everything else should be done by somebody else. So now we have a big team and it’s wonderful”
- “surrounding yourself with great people – that’s one of the secrets to success that is obvious yet so important. ”
- “Your reputation proceeds you. It take years to build and it can take a moment or a minute to lose it or tarnish it. So, protect that, always be real, tell the truth, be honest, take responsibility”
- “I think a lot of times people stop themselves, and whether it be from buying a house or having a baby or starting a business, by saying everything isn’t together yet, I don’t have all of the answers, I don’t have all the money. It doesn’t matter imperfect action is better than perfect action. If you use that as a motto in business like I do you get a lot of things tried and tested, you find out if something is worth doing, worth putting the time and effort into or you can quickly move along to the next one”
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