Episode Details

Business owners and entrepreneurs make mistakes and take risks that other people are unwilling to do. However, they learn from them because nobody's perfect!

Property management growth expert and founder/CEO of DoorGrow, Jason Hull talks about one of the biggest mistakes he made in his business. He calls it his $2 million mistake, although it was probably even bigger.

[01:37] Validation: Everyone makes mistakes, even entrepreneurs are human.

[02:20] Growing Company: Be super cautious and picky when selecting clients.

[03:23] Start Small, Not Big: Conference idea requires everything a business requires.

[06:54] Lesson Learned: Big deal turned out to be a $2-million or more mistake.

[08:27] Results: Clients got the best results, but a lot of team members left business.

[09:08] Change to Grow: Focus on clients, not sales, marketing, website, or branding.

[11:00] Dilemma: What should I do? Something new? Expand? Go after shiny objects?

[11:30] Premature Problems: Why expand business into new niches, markets, or areas?

[12:29] Hand Holding: Some people are not willing to put in the effort or do the work.

[15:16] 3 Commitments: 1 hour for strategy, 2 hours to implement tactics, and show up.

[17:45] Coaching Calls: Clients access calendar to work through problems, challenges.

"I recommend you to be very picky about the clients that you take on."

"We weren't able to focus on the main thing, which is our customer and which is our product."

"I have fired clients. I have just refunded clients. We've let clients go. Some just quit."

"The lessons end up always being worth the risk. So, take a risk, invest in yourself, invest in your business."

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Welcome, DoorGrow Hackers, to the DoorGrowShow. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others impact lives, you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow Hacker. DoorGrow Hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings.

Many in real estate think you're crazy for doing it, you think they're crazy for not because you realize that property management is the ultimate high trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management businesses and business owners. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let's get into the show.

For today's show, I wanted to talk with all of you about what's been going on at DoorGrow. Over the years, I've made some big mistakes in business like most business owners, this is part of how we learn. We take risks that other people are unwilling to take. One of the biggest mistakes that I made in my business was, I sometimes call my $2 million mistake, but it was probably even bigger of a mistake.

A lot of people probably would not tell you their mistakes in business. But one thing that I think is super validating as an entrepreneur is to hear about some of my mentors' challenges and some of the mistakes that others that I have worked with that they have made, it makes me feel safe. It makes me feel like they're human, I'm human. It helps entrepreneurs also to see that you're not supposed to be perfect all the time. It's not always going to be great