In this episode of the 7 Figure Flipping Podcast, Bill Allen sits down with good friend and real estate entrepreneur, Beka Shea, to go deeper down the path of the entrepreneurial journey.
In his book Entrepreneurial Leap, Gino Wickman identifies six traits entrepreneurs must possess in order to succeed. One of these six essential qualities is problem solving – something Beka Shea is uniquely good at (listen to the episode to find out why).
Beka was one of 7 Figure Flipping’s earliest success stories. Today, she’s a member of the 7 Figure Flipping board of directors and serves as Director of Membership for our mastermind groups and mentoring programs. As an eternal optimist, Beka sees solutions to every problem. Hearing her outlook on life and business will energize your passion for solving whatever problems you may be facing in your own real estate investing operation.
Want to hear more from Beka? Join her and the rest of the 7FF team at Flip Hacking Live, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida.
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Identifying the Problem: Ask 1,000 Questions
Problem solving is as much about innovation and creativity as it is about overcoming roadblocks in our way. For Beka, solving problems creatively starts with understanding the problem properly.
“If you don’t understand the context and the situation surrounding your problem, 1) you can go in the complete wrong direction, or 2) you won’t effectively solve the root cause of the problem,” she says.
“You’re probably a problem solver if you find yourself asking 1,000 questions.”
Bill agrees. From his experience as a Navy pilot, Bill knows the value of having all the information before coming up with a solution. In order to perform any mission successfully, the first step is to start asking questions until you’ve gathered all the information you need.
The same is true in business.
Problem Solving in Real Estate
There are many ways to invest in real estate. Part of being a problem solver as a real estate investor is doing the self reflection needed to avoid potential struggles down the road.
Think about who you are at your core, and then align your long-term vision with the person you see yourself as. Who am I and what do I want? This is the first problem real estate investors must solve on the journey to success.
Discover your passion and clarify your “why” within your own mind. When you align these entrepreneurial traits with your passion and your “why,” good things happen.
Links & Resources
If you missed Bill’s interview with Gino Wickman where Gino introduces these 6 essential entrepreneurial traits, check it out here!
Ready to accelerate your house flipping or wholesaling business? Get your ticket to Flip Hacking LIVE, the #1 live event for impact-driven real estate investors who want to tap into the strategies that are working RIGHT NOW in today’s market. Register at FlipHackingLIVE.com!
Already running a successful real estate investing business and want to reach the NEXT level? 7 Figure Altitude is a mastermind group for experienced house flippers and wholesalers who want to get out of the day-to-day grind so their businesses can grow BEYOND them.
This group is where you’ll level up your relationships. It’s where you’ll connect with other serious investors. It’s where you’ll learn how to systematize and scale your business while working less.
If you’re ready to surround yourself with other high-level investors, head over to 7FigureAltitude.com and apply to join.