BiggerPockets Real Estate Podcast - 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold

Episode Date: February 28, 2021

What do you want out of life? What do you want to accomplish in the next 3-5 years? When asked this question, most entrepreneurs give a pretty simplistic answer. Something like “Oh, we’ll get mor...e clients by this time next year” or “I’ll buy two more houses and then I’ll be happy”. How often do we sit down and paint a picture of what we want our life to look like? Today we’re discussing Vivid Visions with their creator Cameron Herold. Cameron is a veteran in the business world, he likes to say that he was “groomed” by his entrepreneurial grandparents and father to become a success story. By the time Cameron was 21, he had a full-on business that had 12 employees, and at 22 he bought his first rental property. He later became a franchisee for College Pro Painters and was so successful that he went on to coach new franchisees. He’s partnered with hundred-million dollar companies, grown and sold businesses for millions, coached the CEO of Sprint, a monarchy in the middle east, has written 5 books, and runs the Second in Command Podcast, where he talks to successful COOs. Cameron is someone who clearly has accomplished a lot and has a TON of wisdom to share. Cameron has serious knowledge on business management and talks about the importance of the CEO and COO relationship. Cameron describes how a COO needs to be a partner to the entrepreneur (the CEO) and operate as the ying to the CEO’s yang. If you’ve heard the terms “the visionary and the innovator” from books like Traction, this is exactly what Cameron is talking about. If you’ve been wondering where the idea of a “plan” or “vision” comes into play, Brandon, David, and Cameron all discuss their “Vivid Visions” and how it’s led them to success in their life. Cameron coined the term “Vivid Vision” because most entrepreneurs were simply writing down a 1-2 sentence mission statement instead of creating a vision of what they wanted their company and future to look like. This vision not only helps you build a life you want by design, it also entices great executives, employees, and partners to join you on your path to that clear and decisive “Vivid Vision”. In This Episode We Cover: How Brandon found out about the “Vivid Vision” and how it has changed his worldview since creating one Why Cameron decided to coach COOs as opposed to CEOs The importance of having a COO or 2nd in command that you trust and believe in Why your job postings should scare those who aren’t ready to take risks and grow Why entrepreneurs have such a hard time when letting go How to create your “Vivid Vision” in 7 steps What a great “Vivid Vision” looks like, what it includes, and how to structure it And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Brandon's Instagram David's Instagram BiggerPockets Business Podcast 39: Creating Your Vision and Achieving Massive Success with Cameron Herold BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley Brandon's Vivid Vision (photo) Second-In-Command Podcast Vivid Vision Website Click here to check the full show notes: https://www.biggerpockets.com/show447 Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:00 This is the Bigger Pockets podcast show 447. Nobody wants to work for the company that we have today. They want to work for the one that we're building. But if we're the only one that sees what we're building, then all they can see is today. There's the disconnect. You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.
Starting point is 00:00:21 If you're here looking to learn about real estate investing, without all the hype, you're in the right place. Stay tuned and be sure to join the millions of others who have benefited from biggerpockets.com. Your home for real estate investing online. What's going on, everyone? It's Brand Turner, host of the Bigger Pockets podcast here,
Starting point is 00:00:39 live in the Seashed with my good friend, my co-hosting crime, Mr. David Green. What's up, David Green? I believe you mean best friend. Best friend in the entire universe, David Green. Sounds better. What's going on, man? We had a great episode we just recorded
Starting point is 00:00:52 with it a fantastic speaker. Cameron shared some mind-blowing concepts with our audience that many people probably haven't heard of before. And you tied it really well together when you mentioned how this, the concept of this vivid vision we're going to get into unites your emotions with your logic together, creating a unified front to pursuing goals. And I thought that it was brilliant. And I'm so excited for people who haven't been introduced to this concept to get to hear it. Yeah. You guys are probably heard me talk about it before the word, the vivid vision or the phrase vivid vision. It changed my life
Starting point is 00:01:24 this book in a big way. It helped me get to where I am today with over 1,100 units now. I think we're going to actually be over 1,500 here in the next couple months with the properties of the other contract. But it was largely driven, I mean, really majorly driven by start like this vivid vision concept, which I had read and then it changed my life. So we're going to introduce to that today. But before we get into that in the interview with Cameron Harold, let's get today's today's quick tip.
Starting point is 00:01:48 Today's quick tip is very simple. Do this stuff. Don't just listen to this interview and go, oh, that was really good advice. And then go back, like actually create a vivid vision for your life. you will not regret it. It's going to change your life. It changed mine. It changed David.
Starting point is 00:02:02 It's going to change yours. Here's the thing about traveling. If you buy food at the airport, burrito, salad, bag of peanuts, you start wondering if you should have opened a savings account for snacks. So wouldn't it be great if you could actually earn money while you're traveling? Well, you can. Airbnb has something called the co-host network.
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Starting point is 00:04:16 David Green, anything you want to add before we get in today's show? No, I think nothing extra. This is one you're going to want to listen to twice. And I would, you know, here's what I will add. I'm going to second your quick tip. This is so important. Don't hear this and think, oh, this is cool stuff, and then let it go. Sit down, find someone else to hold you accountable, do whatever it takes, but at least write a rough draft of your vivid vision after this and then put it on Instagram and tag Brandon
Starting point is 00:04:44 and I. We want to see how many people actually went and made a vivid vision. That's a great thing. Your Instagram, of course, is David Green 24. Mine's Beardy Brandon. And last point I'll make before we get to the interview is during the show, Cameron made a comment about how I should be sharing my vivid vision with the world, like the more people. It's in my office, but nobody sees it. So I am actually going to read my entire vivid vision
Starting point is 00:05:04 after the end of the show. So like when David signs off the show at the very end, an hour from now or whatever, if you want to hang around to listen to what my vision was that I put together almost two years ago now, it's like 18 months ago. I wrote it. And I actually have to redo mine because we hit so many of the points on there. I need to update it now. But I'm going to read what I had there in case that helps inspire you. So hang tight for that. And with that, Without further ado, let's get to the interview with Cameron Harold, author of a bunch of books, including Vivid Vision. All right, Cameron, welcome to the Bigger Pockets podcast, man.
Starting point is 00:05:34 It's awesome to have you here. Hey, Brandon. Thanks. You as well. It's nice to be here. Yeah. So I want to dig in. Now, I've talked about you a lot on this podcast, like numerous times, from specifically because
Starting point is 00:05:46 we talk about the vision a lot. And I'm a big vision guy and vivid vision changed my life in a lot of ways. In fact, let me just tell the story in case people I haven't heard and I probably haven't told you directly, just in a one minute, kind of my story with a vivid vision. So I went to this real estate conference and blown away by everybody who was doing way more than me. I mean, I was doing all right. I had like a 90-some unit, rental units. And I was doing all right. And then I got around people who were doing like way bigger deals than I was doing. And I realized that like I needed to step up my game because I get a lot of happiness out of growth and I wasn't growing very much.
Starting point is 00:06:20 So anyway, so I decide that I'm going to go bigger. And I'm like, well, what do I do? for that. And then somebody said, well, you should check out Vivid Vision. So I read it on the airplane. It's not a super long book, right? I read it, I think in an hour and a half. I'm a quick reader, but I read on the plane ride from Denver, where the conference was to Salt Lake City, I read it then. And I was like, oh my gosh, which is so good. So then the flight from Salt Lake City to Maui was a seven hour flight. I spent the entire seven hours writing my Vivid Vision out. And we'll again, talk about what that is today, what that means. But I landed and I had such a clear picture of where I wanted to go in life and how I was going to get there.
Starting point is 00:06:57 Even like, I mean, this is what I wanted. And I shouldn't even say how I was going to get there. I didn't know how I was going to get there. But I said I wanted a thousand units in three years. Well, I just crossed a thousand units 18 months into that now. So I, in half the time. And we're, it's, it's incredible, right? And it's because I started with that end in mind of what I wanted.
Starting point is 00:07:15 And so, thank you for writing that book because it changed my life. You're so welcome. You're so welcome. It's actually the reason, well, another reason we connected was one of my former coaching clients, a guy from San Diego who's doing real estate development, Adam Daly, is obsessed with your show, loves your content. I think he's, I think he's your man crush. That's great. Good, good dude. Solid dad. He's got five kids. He and his wife, Jessica, traveled around the world for 12 months with their five kids. Yeah, really good dude. Anyway, he's like,
Starting point is 00:07:44 no, you've got to talk to Brandon because he's been talking about your vivid vision. And I'm like, all right, I'll check this guy out. And then I, same thing. Love, love the show. Love what you guys are doing. And I think it's the only area of investing I've never. gotten good in, which is real in real estate. And yeah, I'm disappointed because it's an area that I just didn't grow up around. And I want to start learning that one next. So yeah, happy to be here. Oh, cool, man. Well, cool. Well, what I love doing about these shows, we do like these shows on the weekend now where the show used to be all real estate. Now on the weekend, we do shows where we bring in just really smart business-minded entrepreneurs, people who like get business and personal development
Starting point is 00:08:16 and motivation, success, productivity. And we pick their brains on what made them successful. And so I want to start in the beginning of your journey. I mean, like, who are you? Like, how did you get into this world of like business and entrepreneurship? Kind of walk into the beginning of your story. Okay. So I'll start. Yeah, the beginning of the story is I was groomed as an entrepreneur.
Starting point is 00:08:35 One of my grandfathers was the CEO of a big company. My other grandfather and grandmother ran a hunting and fishing resort. We're very, very successful entrepreneurs. That grandfather retired at 55, started day trading out of the newspaper and died at 96. So then my father was an entrepreneur as well. And then he groomed my brother and my sister and I to all be entrepreneurs. And we've all run our own companies for between 15 and 25 years. So all I've ever known was being an entrepreneur.
Starting point is 00:09:02 I did a talk that's on the main TED.com website about raising kids as entrepreneurs. And I had my first real company at 21 years old. I had 12 employees. I ran my own business for three years while I was in university, graduated from university with no debt and actually bought my first house. 22 years old and never lived in it. I bought a rental property. Didn't know what like and that wasn't a big thing back. That was in 1987, 88. It wasn't a big thing. There wasn't a lot of exposure about it. And it certainly wasn't an era where being an entrepreneur was cool. That was an era where if you were an entrepreneur, you were vilified, you were evil, you were greedy, you were profit centric.
Starting point is 00:09:41 Being an entrepreneur has only really been cool since around 1999 when the first rise of the dot com era exploded. And so, yeah, being groomed as an entrepreneur, got involved in an organization called College Pro Painters, where I was being groomed as a franchisee. I worked on the franchisor side. And by the time I was 28 years old, I had coached 120 franchisees that I recruited, trained, and coached, one of which was Kimball Musk, who was Elon's brother. And then his cousin, Peter Reeve, I also hired Peter Reeve, who built Solar City. So I was a reference for Elon in his first round of funding in January of 95 for Zip 2. I then left college pro painters and I was a partner in an auto body collision repair
Starting point is 00:10:25 chain, which in the U.S. is now called Gerber auto collision in Canada. It's called Boyd Auto Body. We built that up, took it public. It's now about a 900 million publicly traded company. Left there and I was a president of a private currency company, similar to what Bitcoin is doing today, but we did it 20 years ago. We had Starwood Hotel, Davis Renaccar, budget rent a car, all using our digital currency instead of a U.S. dollar, sold that company.
Starting point is 00:10:47 But we sold in January of 2000 for stock, sold for $64 million. And as the transaction was closing in April, when the stock market started to correct in March of 2000, we lost the $64 million. We were able to get out for three. So I became a garbage man. I joined my best, my true story. I had joined my first mastermind group a couple of years before that, the Entrepreneurs Organization. It was called YEO at the time, the young entrepreneurs organization.
Starting point is 00:11:13 and I joined that. And one of the guys in my forum, Brian, had started the rubbish boys. And he wanted to build that brand out. And I joined him as his 14th employee. The name was then 1-800 got junk. And we built that. I was the 14th employee. And when I left six and a half years later, we had 3,100 employees system-wide.
Starting point is 00:11:33 We had no debt. We had given up no equity. We were profitable every year. Ranked as the number two company in Canada to work for. Had landed 5,200 stories about us in the media, including being on Oprah. yada yada. And then I started coaching entrepreneurs again. So I, you know, had started coaching entrepreneurs in 1989. So before coaching was really a thing. So 13 and a half years ago, formally started coaching CEOs. Typically 50 to 500 person companies is the group that I work with.
Starting point is 00:12:00 I've coached the CEO of Sprint and the CEO at Springed. I coached a monarchy in the Middle East, a lot of technology companies. And then started writing some books. I've written five books that are all on Amazon, Audible, and iTunes now, double, double, free PR, Miracle Morning for Entrepreneurs that I co-authored with Hal Elrod, Vivid Vision, and Meeting Suck. And then I started an organization four years ago called the C-O Alliance, which is the only network of its kind in the world for the Second and Command, because there's a million groups for CEOs where there was nowhere for the C-O. And then lastly, I have a podcast called the Second and Command podcast because everyone interviews the entrepreneur. I wanted the rest of the story.
Starting point is 00:12:40 So that's my quick bio. All right. So you're just getting started. That's good. You're brand new to business. And I feel like it at times, man. I feel like that's great. Business is changing fast. It is. And I think that's that attitude that makes somebody successful, not just once. Like I just did want, you know, hey, I got lucky and you got a business that blew up. But, you know, when you can repeat that over and over and over, it's because you have this attitude of I'm always going to learn. There's always something to get to the next level. You know what else? I was when I was young, my dad told me I would never be smart enough to figure it out on my own. and he said, your R&D should stand for rip off and duplicate. And he said, millions of companies have spent millions of dollars figuring out almost everything. Just take the best ideas and do that because momentum will create momentum.
Starting point is 00:13:27 So I was never the smart guy. I'm still not the smart guy. I go to every mastermind group. I'm the dumb guy there. But I can see what the smart people are doing. And then I don't care about perfect. I just need it faster, like out faster. Yeah, that's so good.
Starting point is 00:13:41 It's actually one thing I love about real estate investing. is that, you know, our audience are a lot of people that want to get into real estate. And again, this show isn't specifically about real estate, but I'll try to relate a few things back. Is that real estate is so rip off and duplicatable. Like it's already been like figured out by millions of people who just do it the way that they did it,
Starting point is 00:14:00 maybe do it a little bit better than them or faster, like you said. And you can build up a pretty sizable portfolio, retire early if you want to, you know, save the whales, if that's what you're into. Like whatever like your thing is because it's been done, you're not inventing anything. You're not inventing the new wheel. You're just like, oh, I can buy property and then pay them off over time.
Starting point is 00:14:18 And over time, the rents tend to go up. And 20 years later, I'm wealthy. Can I ask you a question about that? Because I am really intrigued with investing right now in real estate. And I'm curious, do you look for the markets that are starting to get hot and try to ride that wave, i.e. Austin, where you can see all these tech companies are going to Austin. And people like, Austin's overpriced. Yeah, but just.
Starting point is 00:14:42 starting. So do you buy into the Austens in Nashville's or do you go after the markets that are still cheap and hope something happens? My gut is you go for where the wave is starting and try to jump on it and ride it. I'm going to actually throw that on David here because David wrote a book called Long Distance Real Estate Investing and it's on that very topic. So David would have you there's certain different ways to go after ways to make money in real estate. What's unique about real estate investing is you make money in several different ways as opposed to traditional forms of investment, which are mostly by low, so high. You're buying a stock, you just wait for it to go up. You might make a little bit in dividends, but not many of them offer that. You're buying a baseball
Starting point is 00:15:20 card. You buy a Mickey Mano rookie card. You wait for it to go up in value. And when you take that approach into real estate investing, the way you mentioned is exactly what you come up with. Well, let me go to where I think that prices are low because they're going to go higher. That's maybe 20% of the way that you're going to make money with real estate. Real estate also pays you a ton of money through cash flow. So you go by in Austin, the prices are typically too high for the rent to support what you're paying, at least to get a big return. So even though you're getting long-term appreciation, you're not getting an immediate return on your money there. You make money in real estate through forced appreciation. It's kind of like buying a stock, but you get to make the
Starting point is 00:15:57 company better if you could influence it. So you could go to a market that isn't going to appreciate much and buy a house that would be worth 150, but if you can buy it for 70 grand and be all in for 90, now you've added $60,000 of equity. So is that where? So is that where? the cap, is that the cap rate idea? Cap rate is a term we use in commercial real estate that refers to basically the return that you'd get on that investment if you didn't take a loan on it. Okay. And then bigger deals, they're not going to go up in value based on what the other houses around them are doing. So if you're buying, you know, so use cap rate because it's mostly an cash flow investment that you're going to be making. And they value them based on how well they
Starting point is 00:16:37 cash flow, not what all the other houses around them are doing. That makes sense. It makes sense. So, yeah, so in Austin might be an opportunity if you think you're going to ride the wave, but other markets might be the opportunity because they cash flow themselves. Yeah, and this really comes down to where you're at in your investing. I mean, you can apply this to business as well. Like, you know, there's cash flow business that you want money coming in every month. And if you're broke and you hate your job and you want to quit your job, you need cash flow coming in.
Starting point is 00:17:01 But if you're already wealthy or you're already financially independent, like right now, I've shifted a lot. Like I used to be all cash flow. I wanted money because I hated my job. I worked at a bank. I needed to get out of it. So when it was 27, I didn't know. cash flow coming in to quote my job. Well, now I don't really care about cash flow as much now. I mean,
Starting point is 00:17:15 I do. I don't want to lose money. But now, yeah, now I buy property in Maui, Hawaii. Why? Because I think 20 years from now, Maui's going to be crazy. So that makes sense. So for me, it's like my coaching is my cash flow bread and butter business, but my COO alliance would be my long term appreciation. Exactly. I love that. And so here's why we wanted to talk to you, Cameron, because yeah, traditional real estate investors get in a rut where they say, I buy cash flow properties and they just buy 50 of them and now they have 50 headaches and they don't need that cash flow. We're bringing the entrepreneurial perspective into the real estate investing world so people can understand how to maybe elevate from one asset class to the next, the synergy with how to make
Starting point is 00:17:51 them work together and how to be successful in this world because that's what entrepreneurs do is they figure out how to solve problems. So that's that beginning with the end in mind, right? Where are you going with the business? Not just, yeah, yeah. Yeah, that's good. All right. So before we get in, I do obviously want to hit Vivid Vision today. I want to spend a good amount of time there. But I want to talk real quick about the C-O thing. That's a phrase that we don't hear very often in the real estate world because most of us are solopreneurs or at least like, you know, JV stuff. We work together. But it's less like company focus.
Starting point is 00:18:20 But whether or not we use the title C-O, I think it's such a valuable player on a team. So I want to know, first of all, what is a C-O? Why do you feel the need to support these people? Like what makes a good one? Talk a little bit about what C-O is. Sure. So Harvard actually wrote an article about 15 years ago called the Missing, understood role of the C.O. And they identified seven distinct types of, call it a second in
Starting point is 00:18:43 command, right? Let's remove the title and call it a second in command to the CEO. So let's say the CEO is sick for six months, who would run the business? That's really what the CIO is. And you can have a very outward facing CFO or very inward facing, someone who's very engineering or process focus, someone sales and marketing process. You can have someone who's the heir apparent or the most valuable player or your partners. So there's lots of roles, the CIO, and play. Really what it is is the company is starting to get big enough that the entrepreneur can't or shouldn't do all of the highly skilled roles or oversee all of them because they just don't have the time. So they're starting to get stretched. So they would love to have someone else
Starting point is 00:19:25 to help oversee the whole company or the org chart, et cetera. Or you get to a point where it's like, God, I'm doing stuff that I just, I hate and I suck at it and it drains me and I can afford to buy my way out of that problem, right? Like, there's no problem that exists that a check can't solve. So you can buy your way out of the problem by hiring that person to help you do that stuff. You know, in a partnership, in a, let's say in a marriage or, you know, the dating world, like my girlfriend hates cooking. She can't stand the kitchen.
Starting point is 00:19:54 She loves cleaning. So, like, I get to do all the shopping and the prep and the cooking and like, and then she just cleans it all up. It's a perfect relationship, right? Well, in the business world, I'm really bad at finance and IT, but I'm, I'm very good at operations, execution, culture, meetings, PR, like building out the operational side of the business. So that's really what a second command is, is the partner to the entrepreneur to leverage up
Starting point is 00:20:19 that person. In the early size companies, most entrepreneurs don't need a C.O. They need an executive assistant. Yes. If you don't have an executive assistant, you are one. So really the first role that people need to hire, right, is that EA first. I love that. It's true.
Starting point is 00:20:35 Like, and if you hire the executive assistant, you free up your time to work on your unique ability. And then when you're just working, but then when you're so stretched at that level, you've probably got a team of 10 or 20 people. Hire a VP of operations. Don't hire a C-O. Be careful with giving out titles that are too big, too early.
Starting point is 00:20:52 Oh, this is so good. So I've recently become a businessman. The last couple years, I was a police officer. I moved into starting a real estate team and now a mortgage company. So I'm learning all this on the fly. And what it's felt like to me, Cameron,
Starting point is 00:21:04 is the process of mitosis that cells go through, you're everything, then you split into two. There's a assistant and you. And then those two things split into the next thing. So thank you for. And you know when that happens is the ones and the threes. So when you're one person, it's you, you do everything. You've got three. You can kind of divide and conquer and it's fun.
Starting point is 00:21:26 You can kind of make decisions really quickly. When there's 10 employees, all of a sudden you have to manage a couple people through someone. When you're 30 people, you've probably got a good management team. When you've got 100 people, you've probably got a professionally solid leadership team. When you get 300 people, you're dealing with politics, you're dealing with border governance, you're dealing with a full solid C-suite, right? So companies have to evolve as the company gets bigger. So, David, how old are you today?
Starting point is 00:21:54 Just turned 38 a couple days ago. Okay. So when you were 8 years old, you were David, when you were 18, you're David, when you're 28, your David when you're 38 your David, you've had to evolve as a human. You would have been a horrible leader at 8. Yes. Even though you're even though you were you, right? You would have been a horrible leader at 18 even though you were you. Well, the same as a company. A company needs to evolve. And some of that evolution is bringing on the people to leverage up the skill set. And, and then the second part of that is as entrepreneurs, we start companies for only three reasons to give us
Starting point is 00:22:25 cash, to give us free time and to say that we did something. It's kind of like our stake in the right, we did it. Well, when you're building the company, if you don't have the free time, buy your way out of that free time, right? If you don't have the cash, charge more and earn it. But so many entrepreneurs keep working harder and they don't actually build the team around them to free up their time. So Brandon and I talk about this frequently. Thank you for saying that right away because you're validating everything I say to him that you need to pay someone else to do that. He does that a lot. Our understanding from our baby understanding of business is your CEO is sort of the visionary and the CEO is the executioner. And I want you to correct me if I'm wrong,
Starting point is 00:23:04 but that's sort of how we look at this. And then he and I both know that we need executors in our businesses. We spend a lot of time trying to figure out who would be the right person. So can you give me an idea if that way of looking at it's correct and then some advice on how we can go about hiring the operator? Yeah, it is very correct. And someone actually did a really good job with popularizing this idea. Gino Wickman, who wrote the book traction and organized the ELS, the entrepreneurial operating system. It's a really good system for when you're kind of of five to 25 or five to 30 employees, I'm talked about the visionary and the integrator, right? The visionary has to drive vision. The integrator has to make it all happen. That's very,
Starting point is 00:23:39 very true. What's very different is some CEOs have finance report to them. Some companies have finance report to the COO. Some companies have marketing report to the CEO. Some companies have marketing report to the CEO. The key is to divide and conquer with a real partner, like a true yin and yang relationship. So a great example is Harley Finkelstein is the C.O for Shopify. Harley's a very outward facing business development, sales marketing, operation, culture, C.O. And Tobias is very inward facing finance, engineering, and IT. Very different from a company like a Lulmin, where you have Chip Wilson, who's very outward facing, or former, you know, very outward facing business developments. So it just depends on what are you good at, what gives you energy,
Starting point is 00:24:28 and then hire the person who can lever up that, who loves to do the stuff you don't. So you could be a CEO who isn't visionary. You could be a CEO who's very technical and very engineering and very finance and deals well with investment bankers and levering the balance sheet and all that cool stuff. And you could have a C-O who's very visionary
Starting point is 00:24:49 who sees what's happening with the market and trends. And as long as that's your partner, you win. That's really good. Yeah. So you can't just say a C-O-O, is this. Like these are the characteristic types because the CEO is dependent upon the characteristics of the CEO of the CEO of the president of charge. The CEO and the C.O are the true two in a box yin and yang partnership. Yeah, that's really good. And that's why the trust, so the biggest thing that
Starting point is 00:25:14 Brian and I had going for us, other than I had already built a few companies coming into Whenith Thunder got junk and I'd been in the franchising world and was that our trust was so high day one because we knew each other for four and a half years. And he was my best man at my wedding three months before I joined him. So Brian gave me his pass codes, his bank account information, complete an implicit trust. I knew his vulnerabilities, which really allowed us to just say, let's do this, right? Whereas in some companies, it's hard. You have to kind of gain that and work for it and develop it and work hard at it. Man, we knew that stuff day one. That's really good. Yeah. I mentioned earlier the vivid vision that I wrote down and I was going to go to a thousand units.
Starting point is 00:25:55 And the first thing I did is I came back in one of my best friends. It's Ryan Murdoch. She lives at the same property I do out here in Hawaii because I have two houses on the property. And I was like, Ryan, checked out this thing. And Ryan, he was the perfect like integrator to my visionary where I had like the idea and I'm like the CEO. You know, again, we don't use the title CEO necessarily. But I got was like the very like cliche visionary. I knew exactly where I wanted to go and I'm very excited about it. And he had every single piece that I was missing. there, but the fact that we had such good trust for years and we had worked together before on various projects. And so we had like this incredible trust that that guided that. And now, uh, yeah, and I know, David, you have something similar with your guy, right, Kyle?
Starting point is 00:26:32 It's amazing you're saying that, Cameron, because I have a team of real estate agents and my top guy has only been doing it for about 18 months now. And he's on pace in this 2021 to make a seven figure income because he was the best man in his wedding. We've known each other since we were 18. If I say, hey, Kyle, this is the way you got to do it. He says, okay. And he does it. Right. Whereas everyone else, hey, this is the way you got to do it. You got to sell them.
Starting point is 00:26:56 Yes. Yeah. They got to fail 100 times their way before they listen. That trust component when it comes to scaling quickly is so important. I'm glad you pointed that out. So the key with that is, right, how do we then build an established trust and not in the dorky, stupid ways that government bureaucracies try to do it with their government teams, like with the stupid ropes course.
Starting point is 00:27:16 How do you trust, right? Like, come on. Really? That doesn't, the way that you actually build trust is to like smoke a joint with somebody and go for a hike or go camping or hang out or like open up about the stuff that you suck at. And doing the reference checks and really grilling the person and getting out of the office and having date nights. You work at that stuff. And the companies that really do are the ones that win.
Starting point is 00:27:45 That's really good. So how do you find, how do you find that person? How do you find that ideal, whatever, C-O or second-chart command? Especially when you're small, you only got a one or two-person solopreneur kind of business. Yeah. So every job posting that anyone writes has to be rewritten by a copywriter. You have to treat your job posting like a sales letter. You would never write a sales letter by yourself.
Starting point is 00:28:06 You get a copywriter to write that. Why the hell do we have a head of IT or a real estate guy writing a job posting? Because we suck in copywriting. So you take your job posting for whatever. You get it to 80% written. and you pass it to a copyright or pay them a couple hundred bucks. They make it pop off the page. And I want the job posting to turn 50% of the applicants away.
Starting point is 00:28:26 I want it to read in a way that it scares the crap out of everyone who would hate working with you. Because then the other ones are going to be attracted to you like a magnet. And then I want your job posting to say, hey, thanks for your resume. I'm not going to read it yet. Please read the vivid vision of what my company looks like acts like and feels like in three years. And send me a video two to three minutes of why you want to help make. it come true. If I like your video, I'll bring you in for a group interview.
Starting point is 00:28:51 So you're automatically reversing the sales process and making them start to sell you on why they want to work there. And you're really using your vivid vision and your job posting as a way to turn most of the people off. This is exactly what I started doing in my business, maybe a month ago. It's very recent because I've been talking a brand about what he's doing. And what you said is literally what it turned into. I have a vivid vision. They apply. I send it to them. I say send us a video telling us why you think you'd be a good asset to the team. And then we do a group interview with the people that came through. It's amazing. You're saying that. What I want to ask you, Cameron, is why do you feel that so many people have a hard time evolving and trusting this
Starting point is 00:29:31 will work? You don't have to do it all yourself. It's okay to get people selling you. One thing I've realized is when you come to me like, well, David, what do you have to offer me? Even if you get your way into the company, you come with this attitude that makes it hard for you to excel because you're constantly asking what's in it for me. Whereas when you had to work really hard to get in there, like the police academy I went through, they make you earn that patch. You identify with that group because you fought so hard to get in there. It makes it easier to learn. It makes it easier to do hard things. Would you mind, you know, with your experience riffing a little bit on human nature and why it's tough? Yeah, there's two parts. One is why is it so hard for entrepreneurs to let go?
Starting point is 00:30:10 And the second part is why do entrepreneurs forget how to say no to people that are coming in so entitled into our companies. So the first part is on the, the, so hard to say, or so hard to let go, entrepreneurs by nature are tenacious, right? At least the ones who are successful are tenacious, right? The ones who, who give up to earlier, the ones who thought entrepreneurship was easy and they should never be an entrepreneur in the first place. So the ones who are who should be entrepreneurs, who have that entrepreneurial DNA, they're probably ADD, they're probably bipolar and their, their goal oriented. Those are the entrepreneurial DNA traits. The medical community and the school system screwed us all up, but that's a whole other story. So the people, the tenacity that dog like
Starting point is 00:30:50 work ethic is how we get it started. That that becomes our pattern. And because that dog like work ethic becomes our pattern, it's hard for us to give it up because we can just do it. I can just do that. I can do it. It's faster. So you have to become a little bit lazy or look for leverage really quickly to know that the only way I can really scale is to get more stuff off my plate. and a bunch of B, solid B pluses or B minus results is better than me doing everything. So it's just, you just have to learn that. And once you start hiring people, all of a sudden you go, wow, that's actually easier. So then it becomes like a drug.
Starting point is 00:31:29 Then it's like, wow, I kind of like that even more. I'll hire more people. That's even better. Like, then it's just go. Right. But it's a lot, you have to unlearn. You have to unlearn tenacity and start to learn leverage. Oh, that's so good.
Starting point is 00:31:41 The second question is, is why do we let so many of these entitled people come into the company with this feeling like we're going to give them a big title. We're going to give them big pay. We're going to even equity. We're going to be like, well, then rewrite your job posting to tell people that ain't up for grabs. But make your culture so strong that they get to be a part of this amazing company. And then just learn how to say no, 20 years ago to get equity in a company, you had to buy it on the stock market. It's only been 20 years that people got equity in lieu of compensation. But now they're asking for equity as well as compensation.
Starting point is 00:32:11 We just have to learn how to say no, but a lot of it is Gen X. It's the Gen X, Gen Y entrepreneurs that have forgotten to say no, the baby boomers haven't forgotten. That's really good. Yeah, I'm definitely guilty of probably handing out too much equity in all my stuff that I do. I was like, everybody wins. Like, let's follow partner together versus like, which I find. You can have everybody win. I coached a company recently that just sold.
Starting point is 00:32:34 They went, I coached them from 40 up to 300 employees. They're now 750. They just made 25 of their employees millionaires, but none of them had equity. But the CEO decided to go out and reward people and say thank you afterwards. That's cool. You know, I'm going to give you my perspective on that, Cameron, mostly because I'm selfish and I want you to tell me where I'm wrong and everybody can learn from us being guinea pigs. When I first started hiring people, I gave them very big splits out of the commission and I gave
Starting point is 00:32:59 them very big titles and I gave them a ton of power. And I think in my mind, I thought, because I've given you this responsibility, you won't let me down. And all it did was ruin their work ethic. They're six months in and they're like, why do I have to work a weekend when they were so hungry? You just created spoiled children. That's what I spoiled their dinner. I gave them all these snacks before they had to eat their vegetables.
Starting point is 00:33:20 So the key is, so I'm actually friends with Chip Wilson who started Lulu Lemon. And I'm also friends with Marcelo Claree, who is the CEO of Sprint. Now the CEO, We Work, but he'd already sold his first company for a billion dollars, Bright Star. And I know their children. And their children are strong core values, very good ethics, very respectful humans. They live in these massive, crazy, gorgeous homes, but I'll tell you what, Chip and Marcello would take that away from their kids in a New York minute if they ever saw the core values and stuff crossing the line. And as entrepreneurs that try to give a lot to our employees, we forget to check them to the boards once in a while. They're acting like spoiled brats.
Starting point is 00:33:57 And when all of a sudden you check, like when my kid was like, well, I can't turn it down. I know you're on a podcast interview, but I'm watching a movie. I'm like, dude, it went down real fast because he knows, right? And I love them lots. But I think that's what's happened is we think that by giving a lot we're going to get. No, by giving a lot doesn't necessarily change anything. Yes, but I found that when I make them work harder and they establish a baseline work ethic, now it's a habit to do things the way I wanted.
Starting point is 00:34:25 I can give them more leads, give them more responsibility, give them more power, and it doesn't ruin it. Correct. Yeah. So that's one of the things that I've had to struggle with was my mind thought, oh, just give it away. because like you said, this is a common thing. We also give away titles too early.
Starting point is 00:34:41 And I'll give you an example of this. If you have the head of finance in your company, it could be a controller or a bookkeeper or a director of finance or a finance or a CFO. If you've got the head of marketing, it could be a marketing manager or a director of marketing or a CFO. Do you know that now my newest pet peeve title is CRO, the chief revenue officer? the only reason that title even exists was the highest title in the sales department was VP of sales and there was no C.
Starting point is 00:35:11 And that person wanted to be a C level too. So they gave them a title. So what it's what it does. You get a C level, you get a C level, Dave. Yeah. Like Oprah.
Starting point is 00:35:18 What it does, but title inflation causes people to think that they're supposed to be doing bigger and more strategic things. They don't want to roll up their sleeves. And then they go on Indeed and Glass Door and they see what people are getting paid for for a role that they're not even doing. So they think they should get paid more. it's a very, very expensive mistake.
Starting point is 00:35:36 That's such a good point. Yeah, I've had, I've had businesses I've tried to start in the past with friends. And we're like, like, you know, we're both co-founders. We're both C-O's or I'm a CEO or whatever that thing is. And then instantly, their first thing is like, okay, well, I'm going to, I think we're going to go hire some people to do this. I'm like, I mean, that's why we're working together is you were supposed to do this. Well, I mean, I'm the C-O, so I'm just going to hire a VP of whatever. I'm like, we don't make any money yet.
Starting point is 00:35:59 Like, how can you go do that? Like, well, yeah, yeah, it's exactly that. I made that mistake years ago. I only gave the title director of marketing, but he had been the VP of marketing for McDonald's Canada and Dairy Queen Canada. Great guy. So Richard, if you're listening,
Starting point is 00:36:12 I love you. But the first thing he said to me when he walked in with as director of marketing to what anything you got junk was like on the first day, who fills out the FedEx slips? I was like, are you kidding? You fill out your FedEx slips. But I was like,
Starting point is 00:36:27 oh my God, I've hired a big corporate guy into an entrepreneurial world. Like, how is this going to work? Right. Yeah. Yeah, that's a good point. Yeah.
Starting point is 00:36:34 All right, man, well, let's talk about vivid vision a little bit. It's the thing that changed my life and I wanted to, you know, I wanted to impact other people. What, like, what sparked that? I know you mentioned in the book Double Double, which I read was phenomenal also. You started talking about it. You like teased it in there. And then you ended up becoming like an actual core book. So where did that come from, the idea of the vivid vision?
Starting point is 00:36:54 Yeah, it's actually saying I also wrote about it in The Miracle Morning for Entrepreneurs that I co-authored with Hal Elrod. And then I'm filming, as I mentioned earlier, I'm filming. I'm filming a course starting tomorrow with Mind Valley that they're going to be launching worldwide on Vivid Vision. The idea wasn't mine. Again, like my dad said, rip off and duplicate. I went to a lunch in Vancouver in 1998, and it was for the Entrepreneurs Organization. And they invited 120 of us to this lunch with a sports psychologist and Olympic coach. And only 16 of us showed up at the lunch.
Starting point is 00:37:25 And he started talking about looking into a crystal ball. And I'm like, oh, my God, this is going to be the stupidest session. I'm never going to get these two hours back. But what he was talking about was how athletes visualize themselves performing the event and how athletes will roll themselves through hundreds and hundreds and hundreds of times performing the event, whether it's lifting a weight or skiing a race course or hitting a tennis serve or doing a gymnastic routine or jumping up over a high jump bar. They literally will use visualization.
Starting point is 00:37:56 So when they're performing the event, they can do it completely on instinct. Now something all of your listeners will understand is in construction, visualization is used every day. Whether you're painting a house and you have to visualize what it'll look like when you paint it or whether you're doing a kitchen renovation, you have to look at what the finished project looks like when it's done. Or if you're building a house from scratch, the homeowner is the visualizing CEO, right? They have to have the vision for what it looks like. And the contractor has to understand the vision so they can do the blueprints or the plans to make it come true. because I could get the best contractor in Vancouver and say, build me a dream home, here's two million bucks.
Starting point is 00:38:34 I'd come back in 12 months and it would look nothing like what I was expecting, even though it would be amazing. But if I said I want a craftsman style, I want to look 1926, here's some pictures, it's got to have four rooms. I needed views. I want to have an open room for the kitchen. I get it. And then we'd go back and forth a few times until I saw his plans, the elevation drawings
Starting point is 00:38:53 and the blueprints. And I would sign off on his plans. And then he signs off on my vision. and we give the plans to the workers, and the workers can build my home, that's when the power of vivid vision came to me. So I learned it from this Olympic coach and then saw it being used in construction
Starting point is 00:39:09 and then realized that every single company on the world is doing it wrong because all we ever had was a one-sentence mission statement. We got a bunch of our favorite words and we mashed them up into a sentence and we said, go team. And usually synergy was put in there somewhere. We use synergy.
Starting point is 00:39:26 Right, right. synergy, exactly, before the pivot. Yeah, think that. Or, you know, Gino did an okay job with it with the vision tractionizer, but really, it's only 10 goals. Yeah. So the idea of the vivid vision became a four or five page written description of what your company looks like, acts like, and feels like three years in the future without
Starting point is 00:39:47 saying how it happens. Yeah. Like as the homeowner, I don't tell you how to do the electrical or how to do the plumbing or how to pour the foundation. The how comes. after the vision. The vivid vision is a description of what it looks like in the future. The team then figures out the plan to make that come true. Yeah, I give you an example of that. So, and I've told this on the podcast before, but I'll say it again, it's like the where I started
Starting point is 00:40:11 when I was thinking about what I wanted. But first of all, because like for years, I was like, well, what should I do? What's the right thing? Where do I want to take my real estate? Where do I want my business? And finally, I just realized like, it doesn't matter. It all works. Like I can find an example of somebody who's become rich off every type of real estate in the entire world. It doesn't matter. So I just had to pick something, right? That it fired me up. So, but what I started with was actually a feeling of what I saw my buddy who ran a music production
Starting point is 00:40:35 company in Nashville. It was a Grammy Award winning music production company. And I hung out with him for a day. And what I saw was a feeling of like love and respect among four or five team members who were the top of what they did and they love what they did. And they worked. And it was like, it was a feeling. And that's where I started from.
Starting point is 00:40:51 Like that was the like, I want the craftsman. Like I wanted that. That's, was his name Scott Scovel from Moot TV? It wasn't Scott. No, his name's Seth Mosley from, yeah, but Seth, it's, but there's probably a lot of examples like that where like really good companies have this amazing like, this like feel of like, man, these like, I just, I was like, I want to, like, I almost moved to Nashville for them, like just all of the best, all of the best companies do it.
Starting point is 00:41:17 And it's what makes the other 98% of the company so completely average. Yeah. Right. When you can, when you can, when you can, I'll give me like my, my, again, I've. known Elon for 25, 26 years now. When Elon bought Tesla, because he didn't start it, he bought it from Ian, Ian Wright and Martin Everhardt. He was an investor. He took the company over. He then had a vision for what the first new car, because they already had the roadster, the kind of Lotus, kind of rip off. He described the Model S. And it had to be big enough to fit his six foot five frame. So it had to have lots of leg room behind him. The original Model S had the seven seat option in the trunk. You could have the two seat jump seat. The reason was Elon had five boys, twins and triplets. So if he's going to build a car, it has to fit his family. It has to be super fast like his old McLaren F1, the $1.4 million car that he owned.
Starting point is 00:42:04 And it had to be super sleek and sexy like his jet. And then he basically turned to the world and said, and we have to price it for this. Who wants to build it? Because the engineers were so excited about his vision, they all said yes. And so did the investment community. Vision is what attracts employees.
Starting point is 00:42:19 Yes. And you know, the other thing, there's this old story about the three guys making bricks over in Spain a hundred years ago. And they asked the first guy, what are you doing? He said, I'm making bricks. And they asked the second guy in Barcelona. What are you doing? He goes, well, I'm making bricks to build a wall. And they asked the third guy, what are you doing? He said, we're building the Sagrada Famia, this amazing cathedral to worship God. And I get to build the bricks to build the left wall of the cathedral. You know, who do you think is more excited about making bricks? It's the one who sees the vision for what's being built. And they see that their role has
Starting point is 00:42:51 some contribution in making some part of it come true. It's incredible what the vivid vision, just having a vivid vision. I mean, I printed mine out. I made mine like a newspaper article and I wrote the whole thing like, you know, I even started with like, yeah, December 31st, 2021, Maui, Hawaii. Open Door Capital is a real estate firm like any you've ever seen. And I like, I wrote it like a New York Times article, right? And, uh, and I hung it on my wall. It's like a three foot by four foot poster. But everybody that comes to my office looks at the first thing to look at. And I mean, even when I wrote it and I did it on the airplane and I landed, I showed it to Ryan, who was my second in command. Like, I showed him this thing. And the first words out of his mouth
Starting point is 00:43:29 was, dude, I want to work with that company. Like, I want to work for that company. Like, that's what I want. And everybody that comes to. Nobody wants to work for the company that we have today. They want to work for the one that we're building. Yeah. But if we're the only one that sees what we're building, then all they can see is today. There's the disconnect. Yeah. And that's the problem. Entrepreneurs have this. Some of us have like have the vision in our heads. somewhere. I could explain, but nobody else knows it. Ryan didn't know it. Nobody can read our mind. Yeah. And so, yeah. It's, it was one of my old sayings from a lot of the CEOs I used to coach. They'd be like, why am I so intuitive? Why aren't my employees as intuitive as I am? It's like, well, they're just as intuitive. But if you're the only one that sees the vision, their intuition can't kick in. As you're talking, I'm thinking, A, no one expresses when we're young the importance of painting a picture, which is another way of saying expressing a vision. And I then I started thinking it at everything I've done well, I had to learn how to paint that picture first. When I want to sell your house, I could say, well, here's the commission, here's what I'm going to do.
Starting point is 00:44:29 Here's the price. Just let me do it. And it's very hard to get buy in. Versus when I paint a picture of exactly what that road's going to look like, what you're going to feel, how we're going to handle every hurdle. At that point, they just turn it over and say, okay, here's the keys. Do your thing. I trust you.
Starting point is 00:44:43 Well, you know, it's interesting that we used to call it a painted picture. But the reason we switched from calling it a painted picture to a vivid vision was people thought the painted picture had to be a diagram and drawings like a vision board. And the problem with a vision board is pictures, say a thousand words. So if you've got 12 pictures, then people completely misinterpret. Like if I showed you a picture of, you know, my living room, you might think that it's about, you know, the chairs and the couch. Really what I like is my carpet that I bought in India 25 years ago. But there's too many things in the picture.
Starting point is 00:45:18 So that's why I changed the terminology from a painted picture to a vivid vision. That's beautiful. It's just I want to emphasize to everybody. skill is wildly freaking important. Your ability to communicate to others so that they can see what you can see will massively inspire people. And that's why I think your book is so powerful. I've had customers that have landed bank financing because the banker said, I finally understand what you're building. The business plan and the models didn't explain it. I had clients who have landed multi-million dollar customers from it because the customers were excited about what they were going
Starting point is 00:45:50 to be. So the customers said, I want to be with you for the next three years, but they wouldn't they wouldn't have become a customer based on who they were today. It's just, yeah, it's so much easier to recruit. Would you say this is how you got Heather to marry you? I don't know if I had a vision spelled out for her. She thought I was going to be a politician someday. That's why she liked me. I had a vision of like, I thought I was going to go in the politics and I was going to be a lawyer.
Starting point is 00:46:13 And yeah, I think she was attracted to that. Brandon, have you and Heather written a vivid vision for your family? Not to the degree that we should. I included in my first one. I include some family stuff in there, but not. Not to the degree we should have. We did a vision board as a family. But yeah, keep going on here about this. Yeah. So here's what I would have both of you do.
Starting point is 00:46:30 Both of you spend a half a day without the kids and go out and take the same rough areas that you have to describe. Talk about your friends, your family, how you're going to co-raise the kids, your control of money, finances, spending, your hobbies, your spirituality, your sexuality, like all of the things that you want to describe in a great relationship. And you make all of the notes of what you want your marriage to be. ask Heather to make all the notes of what she wants your marriage to be, and then come back together on a date weekend and go through them point by point
Starting point is 00:47:01 and discuss and debate and scratch them out and then take all of them and merge them together and have one family vivid vision. You share that with your kids and your friends. Mind-blowing. Yeah, that's awesome. That's awesome. Wouldn't it be great if your houseplants paid rent while you were out of town? I mean, they've got the whole place to themselves, lots of sunlight, zero responsibilities.
Starting point is 00:47:22 But no, they just sit there waiting for someone to spray them with some cool mist like a bunch of leafy loafers. But guess what? Your home actually could be earning you money while you're not there. Airbnb has a great feature called the co-host network, which makes hosting your home so easy. If you live far from your property or are away for extended periods, you can hire a local co-host to take care of the hosting for you. These co-hosts are vetted locals who already have experience hosting on Airbnb. A co-host can handle all the details like messaging guests, creating your host space, and managing reservations. So everything runs smoothly.
Starting point is 00:47:54 It's a practical way to earn a little extra money, maybe even some cash toward your next trip. Plus, you get to share your place with someone traveling to your area while you're off making memories somewhere else. Your home might be worth more than you think. Find out how much at Airbnb.com slash host. If you think property management is expensive, try mismanaging a vacancy or an eviction
Starting point is 00:48:13 or a maintenance issue that turns into a five-figure problem because no one caught it early. That's expensive. A good property manager, isn't overhead. Their protection against small mistakes turning into big losses. And that matters more than ever in this economy. That's why I like Mind. Unlike other property managers, Mind manages your property like an investment. They obsessively measure the things that matter for your bottom line. Things like occupancy, delinquency, and net promoter score. And they have the results to prove it.
Starting point is 00:48:45 Go to mine.co slash show me to see how mine performs and get your first month free, which is much cheaper than learning the hard way. Wouldn't it be great if your houseplants paid rent while you were out of town? I mean, they've got the whole place to themselves, lots of sunlight, zero responsibilities. But no, they just sit there waiting for someone to spray them with some cool mist like a bunch of leafy loafers. But guess what? Your home actually could be earning you money while you're not there.
Starting point is 00:49:08 Airbnb has a great feature called the co-host network, which makes hosting your home so easy. If you live far from your property or are away for extended periods, you can hire a local co-host to take care of the hosting for you. These co-hosts are vetted locals who already have experience hosting on Airbnb. A co-host can handle all the details like messaging guests, creating your host space, and managing reservations. So everything runs smoothly. It's a practical way to earn a little extra money, maybe even some cash toward your next trip.
Starting point is 00:49:35 Plus, you get to share your place with someone traveling to your area while you're off making memory somewhere else. Your home might be worth more than you think. Find out how much at Airbnb.com slash host. You know, every year around the beginning of the new year, I always do a picture because My wife and I will do like a goal setting date for the year every year. We do this goal setting date. And every year I post a picture of us doing this goal setting date.
Starting point is 00:49:58 And it's always the most popular picture I put on social media of all year. People love that concept. Yet so many, so few people do it. Like even like I'm the thing that teaches this stuff, you know, but like I've never even gone the full route that you're talking about. Like it's it's so powerful. Though when you align what you're doing with your significant other or your spouse, your partner like align together and then move in the same direction, it's just,
Starting point is 00:50:18 it's game change. Well, that's how you don't grow apart by starting. to grow together. Like the only reason people grow apart is because they haven't tried to grow together. That's so good. Hey, how is how is the vivid vision different than a business plan? If those people are thinking, oh, I got a business plan. It's right here. It's laid out. And there's my mission statement. Here's my marketing plan. How's that different? The plan is the plan is like blueprints for building a house. The plan is how you're going to make it happen. The vision is what you're going to do. So if you don't know where you're going,
Starting point is 00:50:49 any road will take you there, right? The Cheshire Cat. So you need to have the vision for what you're building. So the plan is how you make every sentence of the vivid vision come true. So if one of your sentences are, you know, we attract companies to a magnet or we attract, we attract clients to our brand like a magnet. So we sit down and go, how can we do that? Well, let's turn some clients away. So a lot of my marketing right now says no CEOs allowed, which is very polarizing. But the reality is CEOs can't join the COO Alliance. It's not for you. So I'm trying to create this magnetic force. So then you can talk, okay, well, what the next sentence is, you know, we have fun at our events. All right. So how do we have fun? What are some things we can do to have fun? So you just think about every sentence as a finish date
Starting point is 00:51:33 and what are one or two projects to make that finish date come true. You end up with a whole bunch of projects which starts to become the plan. And then you organize the projects like building a house, which projects are foundational, which ones are like the walls, which ones are like electrical and the plumbing, which ones are the wolf stove and the red, you know, with the red knobs. Cameron, you're getting into exactly what runs through my head all the time. And I haven't been able to articulate what it is. But that's what's happening is I'm thinking, okay, if we can get a roof like that, we could do this much volume.
Starting point is 00:52:01 But man, I would need this, this framing in place to get there. Well, I can't get a framing because I don't have this. That's a foundation. But you're describing what's in, you know, the visionary's head. Well, and so most entrepreneurs get distracted like a homeowner. I really want these cabinets. It's just like, wait, we got to put the foundation in first. I want the, I want the sub-zero fridge.
Starting point is 00:52:20 And I want like, we'll get there, man, but we still have to put the electrical in. We got put in the plumbing. Like, why haven't you done the cabinetry? Because we haven't even got the walls up yet. Like, I remember building my home. I was like so excited about what it was going to look like that I forgot about the months and months and months of agony of framing. Right. Yeah, I see that a lot with like revenue.
Starting point is 00:52:40 People like Brandon was mentioning, they don't understand how important revenue is before you start hiring out people and leveraging and leveraging and trying. and trying to scale? There's not a single problem that exists that a check can't solve. Most people don't charge enough. Even when I was starting out, 1,800 got junk. The first thing I did when I got there in the first two weeks was I raised our prices by 40%. Brian thought I was crazy,
Starting point is 00:53:00 but I said the only way we can be the FedEx of junk removal and not the Walmart of junk removal is to charge accordingly. We don't want to be the Walmart of junk. We want to be the FedEx of junk. So you charge a premium and then you deliver a premium. That's really good. So if somebody wants to work on their vivid vision, they want to put this together. What should their first step be?
Starting point is 00:53:20 I mean, I'm not trying to sell a book, but the easiest way would be to either buy the Miracle Morning for entrepreneurs or buy the book Vivid Vision and read it. And then it's all outlined in there. But to give you the fast track, step one is get out of your office and go somewhere where you're inspired, somewhere around nature. Step two would be do a mind map and start organizing all the rough ideas until you kind of flesh them all out of your head without worrying about how they come true. Step three would be to take all your rough ideas and do a first rough draft, like a two or three pager that, you know, is written
Starting point is 00:53:52 okay, but no one's going to read it. And then step, step four would be to take that rough draft and polish it so that it's written enough that maybe your team could read it, but you're not going to roll it out yet. Step five would be to give it to a copyrighter and get the copyright to polish it. So it really pops off the page. And then step six or whatever number I'm out would be to give it to a designer to add your brand design elements to it. So it feels like your brand. And then the last step is share it internally and then share it externally. That's so good.
Starting point is 00:54:19 Yeah. There's one thing I haven't talked about. But I wrote my vivid vision and then I designed it. But I'm a copywriter and a designer. Like that's what I do for a career and a living. So I'm one of the very rare people. I think that could maybe pull it off and do a decent job. But most people like, yeah, you should like hire someone who's good at that stuff.
Starting point is 00:54:36 It's not easy, it's not an easy skill. I have a copywriting company that I've, I've introduced and they have now written 260, I think it is, vivid visions for companies. So they've worked with the CEO to take, and they've done now 260 final ones that they've written. It's unbelievable their work. And they just did one recent.
Starting point is 00:54:54 They give a shout out. I mean, who are they? It's called Conscious Copy. It's Jennifer Hoodey. If they send me an email, I can introduce you, but it's Jennifer Hudey from Conscious Copy, copy, San Diego. Her work is mind blowing.
Starting point is 00:55:04 And her, yeah, she did, yeah, brands that you know the name of. She's done. That's awesome. Yeah. Yeah, it's such an, and what's cool, too, is then like you put together like this like, you know, this is kind of what I want. I think it's pretty good.
Starting point is 00:55:14 And then you give it to somebody who's really good at making it look good and they give it back to you. Yeah. Now it makes you a believer even more like not just your team, but now you're like, oh my gosh, this is like a right. That's a thing. Yeah. That's cool. I think that's what I found is once, because mine's about 80% done.
Starting point is 00:55:28 Once I had it, I felt the way that a general contractor has when you hand them the blueprints. Oh, I know what to do. I can just go right out there and do that. You lose that analysis, paralysis, that uncertainty of I'm not sure exactly how this should look, the more clear it is, the easier the steps are, like you mentioned, Cameron, that you need to be taking. Well, first I need this and then I need this and then I need this. And it just starts to become beautifully simple. Well, and all you need is to get it to the stage you've
Starting point is 00:55:52 got it at. When you've got it to 80%, when you now pass it to a copywriter, boom, because then it becomes like a magnetic force. And then you're now excited about it. Then your team's excited about it. Like everything just starts to go. But you don't need to get it past 80%. You just need to be, it needs to be good enough that a copywriter can really polish it. That's really good. Now, what's different? You know, I mentioned mine's like a newspaper article, which is just some, I love it, I'm writing that.
Starting point is 00:56:15 Yeah, that's kind of cool. What other, like, formats? Like, what are the common form? Is it PowerPoint? Do people do it? No. The physical piece of paper. What do you recommend?
Starting point is 00:56:23 Yeah, the most important document first is a four to five page, six if you need to have a cover, PDF. The problem with when you get more than that is people see it, oh, eight pages and they file it to read later, right? So keep it around four or five pages, as a, PDF document, the font has to be big enough, like 14 point or greater throughout so that people can read it. I'm okay with a slide deck as being a way that you might introduce it to a larger company, but the reality is, again, if you see a 27 slide deck, you're not going to open it.
Starting point is 00:56:56 And then I've seen it come to life when you tell an employee, okay, you read the vivid vision, and then you do a vision board for how you see the vivid vision coming true. So you'll be the only one looking at your vision board, but put it at your home or it at your desk, that becomes powerful. An audio recording of your vivid vision and your voice so that you can listen to it once a week while you're doing a workout when you're on a treadmill, when you're elliptical, when you're doing a rowing. Oh, that's a great idea.
Starting point is 00:57:22 And when you listen to it over and over again, and that's the affirmations and the visualization that we talk about in the Miracle Morning. Yep. And then I've seen some really cool ones that do some video where they take the key sound bites out of the vivid vision and you take all those sound bites and you organize it to music with visuals, that can be very powerful as well. And then, you know, draw shop videos, that kind of thing too. Yeah, that's really good. That's neat. I've not done the video thing. That's a cool idea. I love that. I love the, yeah. And what I love about this is how it, what the vivid vision did for me is it,
Starting point is 00:57:54 I'll backtrack a second. And I'll say that there's a book by Chip and Dan Heath that it's called Switch. And it's about how we make decisions. And they talk about in this book that there's like, the logical part of our head, they say it's like the rider, like a person riding and an elephant, the elephant is the emotional side. And so like if you want to get anywhere great in life, you have to get the rider and the elephant in the same direction. The elephant is like this giant beast. Our emotions go wherever. That's why we say we're going to wake up early and then we wake up and we're like, I'm going to hit the snooze alarm because the elephant is much greater than our logical mind. So that's the whole point of this book. But what Vivid Vision did is it aligned
Starting point is 00:58:28 my rider and my elephant together. It made me and my entire team, emotionally invested in like, oh, like, this sounds amazing. This sounds so cool. I want to do this. But at the same time, it's like, this is tangibly what it looks like. And so now I can create a plan to get there. Well, no, do you link your vivid vision so that all of your listeners can read it? Do you have your vivid vision on your website so that everyone can read it? Do you share it with your banker and your accountant? I'll tell you, you let your listeners of bigger pockets read your vivid vision and watch what happens. Your business blows up. You share it with your banker and your accountant and your lawyers, your business blows up. You email it to your list,
Starting point is 00:59:05 your business blows up because then the whole world starts conspiring to make it come true because everybody wants to help. As humans, we're hardwired to help. So they'll see one sentence. They'll be like, ah, or they'll just be so excited for you that they'll say something and that juishes you up for the afternoon. Like, it's just really powerful. And the reality is, it doesn't matter if people can see where you're going. They can't execute. God, Elon gave the blueprints to everything. I know. Right? And he's still kicking their ass. That's funny. Okay, well, here's what I'll do. After we're done recording today, this episode, I'll actually read my vivid vision and I'll put it at the, I'll put on the end of this episode. So people want to listen when this is done, they can listen to the whole thing. I actually need to update it because we already, we already hit most of the things on my vivid vision. So I'm going to redo a new one. But speaking of that, when do you recommend updating the vision? Is this like an annual thing or when you hit the numbers? It's every three years or if you've blown it out of the water because of hypergrowth, then you have to read. right. So as an example, we became very good at 1-800-Got junk at leaning out into the future
Starting point is 01:00:07 three years, even though we did six consecutive years of 100% revenue growth, right? We went from 2 million to 106 million in six years. So we were very good at visualizing hypergrowth, and then I was very good at reverse engineering it and making it come true. So we didn't have to refresh ours because we leaned out. So if you didn't lean out far enough and you've already read it and you're like, damn, it's all come true, then lean out further. and get your next one going. Otherwise, I suggest every three years. So usually kind of in, you know, October or November, you're going to be writing it to launch January 1st for the next three year period. Yeah, that's cool. Yeah. Yeah, we actually just, we just, we're doing the EOS thing
Starting point is 01:00:46 with my company Open Door Capital. So we have a consultant. We're doing the whole EOS thing. And so we did our VTO, which is like kind of like, you know, the bones, the structure a little bit. Yeah. But now I'm going to take that and I'm going to turn that into a vivid vision. Because again, it's nice to be able to see. We're going to a billion dollars in. seven years. Like, that's a nice number to talk about. But what's it look like? Yeah, I need to make it look and I get that elephant on board. Yeah, you're right. Those are the bones. Those 10 points for the VTO are the bones to now explode out your vivid vision. I've got a lot of EOS traction implementers are getting their clients to write vivid visions because they see it as
Starting point is 01:01:20 the missing piece for the rest of traction. Yeah, I 100% agree. Yeah, I incorporate definitely both of them. And what's so great about that, too, is like even a couple years ago, I said, okay, If the vision is $50 million of real estate and 1,000 units, how now I could ask the question, how am I going to get there? And I'm like, well, I'm going to need a full-time. This person. I'm going to need this person. I need this person.
Starting point is 01:01:37 I need this much deal each year to be able to afford it. And I then built a plan and I just simply followed the plan. It's almost like laughable. I don't know how easy it was. It is. But how simple it was. It is. It wasn't a hard couple years.
Starting point is 01:01:53 Plan your work and work your plan. Like my two mantras that I've grown business off, plan your work and work your plan. And the second one is plan, brief, execute, debrief. Say that again. I like that. Once you have your, once you, I learned that from the military. Once you have your plan, you brief everyone involved on the plan. You execute on that part of the plan and then you debrief.
Starting point is 01:02:12 And then you start again. Plan brief. So it's weekly. So good. So simple. Business, everybody's like these flies trying to get out of a window and they're all going to work hard. I'm like, wait, there's a door.
Starting point is 01:02:20 Just turn. Go out the door. It's right there. Like, right. Yeah. That's so good. That's so good. Yeah.
Starting point is 01:02:26 All right, man. All right. So let me. Let me relate this real quickly to like real estate investing. So if you're listening to the show right now and people are thinking, well, how does this apply to me? I mean, how many units do you want to have in the next three years from now? How many properties?
Starting point is 01:02:38 How much net worth? How many hours a week do you want to be working? What's your home like look like? Because it isn't just business. It wasn't for me. I incorporate a little bit of like I wrote, I'm going to be in New York Times bestselling author. I haven't hit that yet, but I got still technically another year, year and have to get there.
Starting point is 01:02:51 But like these things I had said. And so like, yeah, look at your real estate life and just say, what do you want it to look like? And then again, get the book, obviously. I mean, it's not an expensive book. And it explains everything detail by detail. You know, one of your fans, David Osborne, who's big in the real estate space. Yeah, I loved he. He and I were sitting together at a mastermind event one time. And he turned to me and he said, wait, is your name Cameron? And I said, yeah. And he goes, like the vivid vision guy. I'm like, yeah, he goes, oh, I love your concept. Like when when really big, solid people in the real estate industry are doing these things, the stuff works. Uh-huh. Yeah. It does not mean you have to have a 100-person business or 50 person. Like it literally works if you're by yourself.
Starting point is 01:03:29 You just have to explain what you see in three years and then other people can help you figure out the how. And I think that's become the block for so many people is I don't know how to do it. You don't have to know how. I don't know how to build a home. I don't know how to build a home, but I know what I want to look like. Yeah, there you go. Yeah. If you think about the questions that you and I get, Brandon, probably 80% of them, we can't answer because we don't know what they want.
Starting point is 01:03:51 Should I buy a short-term rental or should I get into commercial real estate? Yeah, I'm like, I don't know. What do you want? Yeah. Yeah. because they both have different strengths and weaknesses. If you love talking to people and you want to maximize your cash flow and it's fun to make people happy, short-term rentals would be great. If you want to completely passive business, you're going to hate it and you're going to want to get out of it.
Starting point is 01:04:08 So it starts with, like you said, knowing what you want your life to look like and working backwards from there. You know, Cameron, you made a comment a minute ago that I want to point out, is other people helping you. So I love the analogy that said, maybe I even heard it from you originally, I'm not sure. But if you were to ask, let's say you had a buddy come up to you and say, hey, man, I'm out of work right now. I'm looking for a job. And you're like, oh, sure, what are you looking for? Anything, just a job. Like, the response that we would probably say is, okay, well, you know, I'll let you know if I hear anything.
Starting point is 01:04:34 But if they come to you and say, hey, man, I'm looking for a job somewhere at a hospital, probably in the Denver area. And ideally, like, you know, I'm a doctor. So I'm looking for a doctor job. Now all of a sudden, my brain is working going, okay, who do I know in Denver? Yeah. Who do I know that can help this person? Right.
Starting point is 01:04:48 So the specific vision, when other people hear your vision and it's specific, now their brain starts working versus like, I want to be, I want to be wealthy. Okay, good for you. I want to quit my job. Good for you. That's like my, my biggest pet peeve in the last couple of years is people posting on social media. I'm looking to hire a coach. Who should I get? I'm like, really? That is the, that is the athlete's equivalent of saying, hey, you don't know what my sport is, but I need a coach. Who should I get? Yeah. And then like, I'm a gymnast, but nobody knew that. Like, well, I just told you about a tennis coach. Like, what? Yeah, you have. And that's why you sharing your vivid vision for your business will help you blow this thing up. The New York Times bestseller, by the way, will be a
Starting point is 01:05:27 Fetacomplete when you share this with your list. It'll happen like that. That's awesome, man. That's awesome. All right. This has been really, really good stuff. Yeah, I'm a little bit wired on espresso right now, so hopefully this wasn't too much energy. I'm espresso and passion. That's what our guests, our listeners want. Yeah. Do you know we literally, we sent out this, we sent out this email before every guest comes on the show. And, uh, at least we used, I don't even know if we still do, but we specifically told our guests, like, try to drink a bunch of espresso before coming odd, because we love, we love the energy. This is good.
Starting point is 01:05:56 And when, this is way more energy than normal for me. All right, man. Well, we're just about out of time here. I want to ask you quick, the four follow-up questions. It's part of our famous four. Famous for is a part of the show where we ask every guest the same four questions. First question, we asked the weekend guests here on the show, which would be you here, is, Is there a habit or trait or skill you're currently trying to build in your life?
Starting point is 01:06:23 Yeah. So the skill is related to a course that I'm launching that is a pure online course for leaders of companies to get all the soft skills around becoming better leaders. And the stuff doesn't exist online, but it's it's all of the skills that all managers and leaders need to get better in. So coaching, delegation, time management, project management, problem solving, conflict management, et cetera, is 12 modules. So just getting, just really thinking and working a lot on getting ready to because we launched that in about three weeks.
Starting point is 01:06:52 Yeah, that would be the one. What's that going to be called? Or where can people find that one? Invest in your leaders. Okay. I think there's a lot. We were just talking about this, David and I, there's a lack of like good leadership training material out there. Like, I don't know many great leadership books.
Starting point is 01:07:05 Like some people asked me the other day, I was like, I don't know. Yeah, the one minute one minute manager is the best on managing. I do like that. In terms of like all the skills that you need to be a good like project management, time management. delegation, coaching, effective meetings, classroom teaching. It doesn't exist in a manual. Yeah, there you go. Well, Cameron, you hit the nail on the head when you said that business is changing so fast. I think the reason there's so many books out there that are written for managers is because for the last 100 years or so, that was what you had to be good at business was
Starting point is 01:07:33 managing people. And now with entrepreneurship taking off and the internet making everything possible, leadership is so much more important because people are looking for someone to follow. There's a great saying that I heard recently, and it's that if the rate of change outside your business is greater than the rate of change inside your business, you're out of business. That's good. Yeah. And business is changing very, very fast. Yeah, it is. More expenses than income coming in and you can't last too long like that. It's a bad model. Do you have a favorite business book you can recommend for us? Favorite business book? It depends on the size business that you're at. So for a larger company,
Starting point is 01:08:10 let's say, you know, 200 or more employees, so like medium size, good to grade is spectacular. if you take one chapter at a time and dissect it and make sure that you're doing it because it doesn't talk about how to do it. If you're a smaller organization, I really do like traction other than my books, which I won't promote. I think traction by Gina Wickman has done a really good job. I think Vern's scaling up is really good. You know, the one minute manager is an amazing book on coaching and leading people. My favorite book, though, in the last, my favorite two books in the last 10 years for business. One is insanely simple. And it's all about all the principles on simplicity that they use inside of Apple, which is, it's a spectacular read and it's easy to implement. And the second is
Starting point is 01:08:50 the hard thing about hard things by Ben Horowitz. And it, again, is like three page chapters. And it's so good. Cool, man. The hard thing about hard things, I have that on my Kindle. And I've had it for a couple years. So good. So good. So good. I'm going to start it now that you said that. That's good. Sweet, man. All right. Then I got to get that book. I'll read it before you do. Okay. Well, thank you. I'll give you my favorite book just to read. Oh, please. is endurance by Albert Lansing about Ernest Shackleton. And it's about 100 years ago the journey from Europe to the Antarctic and they were going to go explore and the ship crashed and how they survived the two years living on ice flows and spectacular true story. I'm adding that to my list too.
Starting point is 01:09:29 I've heard I've had a couple of people recommend that recently. Oh, so I'll so good. Cool. All right, Cameron, what are some of your hobbies? Golfing, skiing, tennis, hiking, cooking, all that Canadian stuff. Spending a lot of time with my kids right now. because my kids are at the end of their time at home 19 and 17. So just anything I can do with them.
Starting point is 01:09:49 Cool, man. All right. Last question of the day from me. What do you think, if you had to narrow it down to one thing, which is going to be incredibly difficult, but we'll pose a question. What do you believe separates successful entrepreneurs from those who give up or they fail or they just never get started? Like, what's that one or two things that really sets them apart?
Starting point is 01:10:09 I think it's a formula of what I call focus, faith, and effort. And if you gave yourself a percentage rating on how focused are you, like on your goal, on your plan, on your demographic, on execution, like how focused are you in the team? It gave yourself like a percentage score of somewhere between zero and 100% focused. And then how much faith do you have in yourself and your team? And are you protecting your confidence and hanging out with positive people and masterminding to really grow your skills and confidence? Give yourself a percentage score there of somewhere between 1 and 100%. And then the E is effort and how much effort are you really putting in? And like, are you working hard?
Starting point is 01:10:43 Are you hardly working? And again, a percentage score. And if you, if you multiply those percentages out, like 50% focus times 50% faith, then it's a 20% percent effort. It's a 12.5% chance of success. It's just horrible odds. Even at 80% focus times 80% faith times 80% effort is only a 51% chance of success. So truly, truly being successful is doing everything you can,
Starting point is 01:11:05 entrepreneurs doing everything they can to stay that 98% focus times 98% faith, them 98% effort. That's what I think it is. But the reality is, can I give you my final point? Please. None of this matters. Oh, so? The reality is this is just what we do to make money.
Starting point is 01:11:20 Like, at the end of the day, it's about hanging out with our loved ones and our friends and our family and realizing that this is just. And I think so many entrepreneurs forget to enjoy this journey. Because this is a really, really fun ride that we're on if we just, you know, have fun and like don't miss sunsets and get outdoors. That's a really good point. There's a, I live out here in Maui, Hawaii, you know, and there's a road. that drives from like Cahulu, which is the main like airport town, all the way to this little town called Hana, right? And they call it the road to Hana. And it's, Hanna is a nothing town. There's nothing really there. It's just like a little tiny town. It's the drive. That's amazing. You can spend five, six, seven, ten hours on the drive. So the other day, I drove it and I had some friends behind me that were following behind me on the drive. And we got, we got at the very beginning. We got disconnected. There's no cell phone reception for most of the drive. But anyway, so I said, well, we'll meet up on the road. We'll stop constantly. You're always looking at waterfalls and clasons and cl and doing little hikes and stuff. And it should take five hours to get there.
Starting point is 01:12:16 They call me, and I finally got reception at this one spot. We finally connect. And they called me an hour and a half into the drive. And they're like, oh, here, we're in Hana. And I was like, you're aware? They're like, we missed the whole, you missed it. Like, you missed the whole point. Like, what do you do?
Starting point is 01:12:29 They're like, well, we just, we just drove there. We're like, I'm like, oh, you missed the whole point. You missed the point. Yeah. Yeah. I think a lot of people go through life. There's been entrepreneurs go through life. And they try to go 70 miles an hour on the way to Hana.
Starting point is 01:12:41 You got a look in the one of the road. your mirror and see how far you've just come along the way. Yeah, good stuff, man. All right, David, will you want to get us out of here with the final question? Yes, Cameron, this has been excellent. Thank you very much for your time today. I appreciate it. Oh, it's been great. Where can people find out more about you? Yeah, sure. All of all of my books are available on Amazon, Audible, and iTunes. If anyone who runs a company with at least five million or greater, they should definitely check out the C-O alliance and get their second and command into that and then the Cameron Herald website.
Starting point is 01:13:10 But also check out the Second and Command podcast. I think they'll get a lot of value off that as well. That's fantastic. Yeah, I love that you're doing that because again, it was an underserved group of people, but they're such a vital part of every business. So very cool, man. Well, this has been awesome.
Starting point is 01:13:26 I guess thank you very much. Thanks, guys. I appreciate it. Thank you. David, you want to get us out of here? This is David Green for Cameron Herald and Brandon, the Focus Faith Effort, Effort Turner, signing off. Hey, everyone, it's Brandon. All right. I said I would read my entire Vivid Vision that I put together after reading Vivid Vision from Cameron Herald. This is what I wrote on the airplane after leaving the, I think was the best ever conference out there in Denver a couple years ago.
Starting point is 01:13:54 And I left there and this is the vision that I wrote. So obviously, if you want to actually read along, you can go to www. W. biggerpockets.com forward slash Brandon Vision, just Brandon Vision. You can check it there. I'll just have actually just a picture of the actual poster that's hanging in my office right now. So without further ado, it's going to take me a little while to read it. It's pretty long, but I thought this might inspire some people. So here you go. Again, this is from two years ago. And a lot of stuff we've hit already, some of it are still working towards. And I'm working on my newer vision for the next few years right now. So, but here's my last one. All right, the very of the page, it is called, and again, this looks like a newspaper article, a newspaper article
Starting point is 01:14:36 that is written like a newspaper called. It's got columns like a newspaper article, and it is written like one. So here we go. The $50 million surfers, how a small team of adventure seekers built a real estate empire, helped millions achieve financial independence and kept their humanity intact. December 31st, 2021 Maui Hawaii. Open Door Capital, a Maui-based real estate investment firm, is an investment firm unlike anything. you've seen. Instead of suits and ties, you'll find the small team wearing board shorts and flip-flops if you can find them at all. They've replaced the 40-hour work week with something they call the 30-ish hour work week without actually tracking anyone's hours. And they take regular company-paid trips to
Starting point is 01:15:16 exotic locations like Australia, Mexico, and even Cuba. But don't take their lack of a normal work practice as a sign of laziness. This year, opened our capital across the $50 million mark for controlled real estate. They work with over 100 accredited investors to buy. I managed nearly 1,000 rental units across the country, made up mostly of mobile home parks and residential apartment complexes. With over a million dollar in revenue reported this year and zero employee turnover in three years, this small business clearly has something big figured out. Founded by Brandon Turner, a tall tattooed surfer with self-proclaimed obsession with family in 2018. I don't have a lot of tattoos, but it's a division.
Starting point is 01:15:57 Opener Capital lives in America, invest in American residential. real estate by raising money from passive investors across America, focusing on improving the condition of those investments to provide safe, affordable, and clean homes to those renting from the firm, while also delivering, as Turner describes it, world-class customer service to our residents. While focusing primarily on mobile home parks, Open Door Capital has also residential multifamily real estate in the growing portfolio, which is true. We are adding that on this year. Since its inception, Open Door Capital has delivered above average passive returns,
Starting point is 01:16:30 while giving its team members a company culture to brag about. Next header in the article here, surfs up the key to growth. According to Turner, quote, the fast growth and success of Open Door Capital over the past several years is a result of one powerful thing, our incredible team, end quote.
Starting point is 01:16:48 And it's easy to see why. While lean with just six members, each of the team members were chosen because of their depth of knowledge and expertise, their effectiveness at accomplishing key tasks and their desire to live, as Turner puts it, an intentionally rad life. This commitment to living a life of intention is made clear by the company mandate.
Starting point is 01:17:06 Yes, it's actually required to get out on company paid time at least twice a week to surf, swim, snorkel hike, play a sport, or do something else that gets each member of the team engage with the outdoors or exercise. Quote, by holding to a commitment toward living large, Turner states, the team actually finds itself more productive, more passionate, and more profitable. Many companies say they want the best for their employees. We prove it with every wave ridden, every mile hiked, every turtle encountered under the sea. When we return to work after an experience like that, there's nothing we can't accomplish.
Starting point is 01:17:37 Fun, smart people doing fun, smart things. That's what we're about. Open Door Capital is looking to add three to four new hire soon, something that won't be difficult given the company's strong culture. In addition to regular breaks during the middle of the day to hit the waves or spend time with loved ones. The team, half of who are based in Maui, the other half remote from various locations. gets together several times a year with their families, all expense paid, to, as Turner States, work hard and play hard. Additionally, the team gathers together each quarter to make plans for the next three months,
Starting point is 01:18:07 and you guessed it, find adventure. And if that culture didn't sound exciting enough, every team member is given a minimum of three weeks of paid vacation each year. In the end, Turner States, we believe that a well-rested, well-traveled team makes for the most effective team. In addition to perks like amazing health insurance, three months paid maternity or paternity benefits, and the emphasis on work-life balance,
Starting point is 01:18:26 Open Door Capital also offers something else unique, a piece of every deal. Quote, we believe strongly in financial independence for everyone, including our team members. That's why every single deal we give each member of our team a piece of the profits made on the deal. We want to win together.
Starting point is 01:18:41 Next heading, giving back. While Open Door Capital clearly invests in a large portion of their profits into the lives of their team members, they also invest a large amount of profits on something not often seen in a financial business, trying to help save the world. Last year, the company donated over $50,000 to various charities
Starting point is 01:18:57 and spent another $25,000, taking its team to the third world to help care for orphans stuck in poverty. That's not something we've done yet, but it's something we're working hard. Turner told us, we believe that when we give generously, not only does it help others in a powerful way, it actually makes us more profitable. It reminds us that money is just a tool and we have the resources to make more. And with over $50 million in real estate owned, maybe Turner has a point. but giving to charity and creating a strong company culture
Starting point is 01:19:23 isn't the only thing open door capital excels at. Next header, a transparent look at real estate. When starting open door capital, Turner looked at the competition and wanted to find a way to stand out and be different. As someone who was invested in other real estate syndications in the past, Turner knew that one common frustration is a lack of transparency about the particular deal once the deal was funded. Quote, I would put money into the investment, he says,
Starting point is 01:19:45 but never really knew how the deal was performing. Other than quarterly statements that were confusing and lacking in detail, I never knew what was going on, nor did I learn anything that would help me in the future. End quote. So Turner set out to change that. Every month now, open to her capital, host a live online video webinar for any of their investors who want to join, learn, and ask questions. We don't actually do that yet.
Starting point is 01:20:04 We are hoping to do that, but we send out weekly updates via email. In this session, they break down everything that the firm was doing with the property as well as lessons they were learning along the way, both positive and negative. He also sends out summaries monthly of the same for those not able to attend the webinars. quote, solid deals attract investors, as Turner often says, but transparency keeps them investing with us for life. This focus on transparency seems to be working well. In fact, in the past year alone, Open Door Capital has raised over $8 million from investors, many of who have invested in prior deals. In fact, today, Open Door Capital typically funds a multimillion dollar deal in under
Starting point is 01:20:39 24 hours, something unheard of in the industry. Next header, Masterminding in Maui. The Open Door Capital team members are not the only ones learning, growing, and finding an adventure. In the past three years, Open Door Capital has hosted six live retreats in Hawaii, bringing in dozens of real estate investors and business owners, as well as some high-level authors and speakers to the islands in paradise to network, learn, and play. These retreats are often sold out in just minutes of being announced due to the reputation they've gained. One recent attendee described the events as, quote, the single greatest week of my life. I learned so much about real estate investing and received some incredible clarity on my life's purpose, but what I really
Starting point is 01:21:14 valued was the connections I made. Whether we were parasailing down a mountain or diving with sharks, I was building lifelong relationships at every moment with some really incredible individuals. For Turner and the Open Door Capital team, these events serve several purposes. Quote, making over 100 grand in profit last year on these events was great, says Turner, and we were even able to donate 100% of the last event to charity. But even better was the ability to build relationships with potential investors, giving them a chance to get to know us and learn how we do business. All right, final subsection here.
Starting point is 01:21:46 The secret to making millions. While open door capital may seem to many to have come out of nowhere to become the dominant player in the real estate industry, a dominant player in the real estate industry. Turner himself was anything but hidden, a longtime believer in the concept of if you want to make millions, help millions. The surfing CEO has done just that. As host of the popular real estate investing podcast for nearly eight years, the Bigger Pockets podcast, Turner used his audience of over 500,000 listeners per episode and 150 million total downloads to date to dominate several other media niches, including YouTube, such as his videos have been viewed by over 100 million people, and published books
Starting point is 01:22:23 where he has written several of the most popular real estate books ever published, including his recent New York Times bestseller, with over 100,000 copies sold its first month. That does not come true yet. Hopefully, we hit that this year. His books can be found near the top of several Amazon categories in addition to being found on the shelves of bookstores, libraries, and airports. I'm not in airports yet. If everybody knows how to do that, let me know. It is clear that Turner has capitalized on this unique ability to reach millions, helping to attract the best talent to his team, and ensuring a steady stream of potential investors. However, according to Turner, the real benefit is the lives changed of average people who discover there is more to life
Starting point is 01:23:01 than living in a cubicle. Quote, my life's mission, says Turner, is to help people move from pain to fulfillment. So I show, speak, and demonstrate to anyone I meet that life is beautiful and is meant to be lived abundantly. I hope you guys enjoyed that. That was my vivid vision that I laid out again, two years ago. And the ending date on that was December 31st, 2021. So you can see a lot of that stuff we've hit at Opener Capital. I mean, we're over $50 million of real estate controlled now.
Starting point is 01:23:34 We work with well over 100 of credit investors. I think we're at like almost 300 now. We've got another 5,000 on our list. If you want to know more about that, ODCfund.com. ODC fund.com. You can find out more there. It says we have nearly 1,000 rental units. We're actually well over that.
Starting point is 01:23:49 I think we're at 1,500 right now. We are adding apartments on this year. So by the end of the year, when this vivid vision ends, we will have had that as well. We've not yet really done. We've done a few of the Maui masterminds. We've done a couple amazing ones. But due to COVID, we kind of slowed down on that. But this year, we are really going to be ramping that up as COVID dissipates.
Starting point is 01:24:11 We're going to be increasing our Maui mastermind stuff. So look for more on that on my Instagram, Beardy Brandon, in the coming months. But I'm super excited about that. And I have not yet done the actual travel with my team to the third world to go give back, which we're looking to do more of that, as well as donating some more money this year. I think that's a pretty important thing to me. So that is what I got. I hope y'all enjoyed this.
Starting point is 01:24:34 Thank you so much for hanging out for the final 11 minutes of this podcast. You can follow me again, Beardy Brandon, where I post a lot of Instagram stuff. Follow Bigger Pockets everywhere at Bigger Pockets. Go follow David as well. He's awesome. David Green 24. He's probably most active on Instagram as well. And that's all I got.
Starting point is 01:24:51 If you found this helpful, again, make your own vision. Sit down, spend a few days or at least a few hours, speccing out what you want your life to be. If you want to just copy mine entirely and just make your own newspaper article, that's cool too. But the point is to do it. So thanks everyone for BiggerPockets.com. My name is Brandon.
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