Playing College Sports Helped Me Directly In Entrepreneurship.
In my senior year of high school, I was recruited to play Lacrosse at an NCAA Div II college in North Carolina.
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1/ The online hype talking about not going to college or university and trying to become an entrepreneur right out of high school is 100% cringe and it really isn't the right route for the majority of people.
2/ I truly believe I learned some of the most valuable skills through being a student-athlete and these skills directly translate to entrepreneurship.
Let's dive into some -
3/ Communication - A high skill level in communication can excel your success in life. When I started college, I had no idea how to: Write a well-worded email, properly communicate and express what was on my mind, and handle uncomfortable situations appropriately.
4/ I had to learn fast being on a team of about 60+ people with 4 coaches and multiple classes weekly.
This carried very easily over to entrepreneurship by having the confidence of good communication skills for situations with customers, employees, and partnership situations.
5/ Grit & Self Discipline - Grit is something people say that can't be taught but I strongly disagree.
Grit is something that can be taught over time through having mentors and individuals you directly look up to and follow:
6/ The most important part is the self-discipline you need to have to continue those habits throughout your life.
The, 6 AM team lifts, daily 3 hour-long practices, 2-hour film sessions, and late-night homework and study sessions built that grit for me.
7/ In entrepreneurship, many days are far from easy but my grit and self-discipline have carried me through it all.
Next...
Accountability - Everyone on my Lacrosse team was held accountable for all situations, all team lifts, all team conditionings, and all practices.
8/ Everyone was expected to show up and provide maximum effort for the entire time. Teammates held other teammates accountable and coaches held players accountable daily. If you fucked up in a practice or game you were called out and made aware that you fucked up.
9/ Everyone was held to a standard and everyone was focused on the end goal was understood by everyone. This has directly translated into entrepreneurship, my mind has maintained the same attitude towards accountability going right from team sports into business teams and culture
10/ Understanding Adversity and Stress - I recall many nights and days of high-stress situations.
Late nights studying after a long week of practices, games, and classes. Life without stress and adversity can be a dull one so I am thankful for those moments.
11/ I quickly learned how to tackle these stressful moments and find solutions to mitigating them as fast as possible.
My one tip - Make a checklist of what's on your mind and start knocking off those tasks one by one immediately.
12/ I have taken this exact formula into entrepreneurship and it has given me the ability to not get stressed as easily when chaos occurs in my businesses on a weekly basis from employee issues, customer issues, or any emergency problems.
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$50k/Months and Only Spending 10 Hours a Week Working, HOW?
Seriously, I only work 10-15 hours a week...
Let me show you how you can do this as well!
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1/ The residential cleaning industry can be INSANELY LUCRATIVE but it is by no means easy and it takes a ton of work.
It took me 4 years to get here. BUT I believe you can get here WAY FASTER than me if you put some good systems in place.
2/ I have -
NO assets
NO equipment
JUST cashflow focused
I contract out 100% of my house cleaning customers. I focus on mitigating as many expenses as possible all while trying to generate as much cash flow as possible so I can invest that into new biz ventures and assets.
For every RT this gets Iโll post a comment with some advice/tips about the Cleaning Industry.
Residential and Commercial! ๐๐ป
Also if you have a specific question like and leave a comment below and I'll answer it as well.
#1 Hire Earlier rather than later.
If you have over 5 contractors and you are doing on average 3-4 appointments a day you need to look into hiring a "Quality control manager" or an "ops manager"
Quality control is the most important thing and its one of fastest things to go
2/ In August and September combined, I did over 100/1-hour zoom meetings for consultations. I met with people daily interesting in launching or growing their cleaning business.
3 things my co-founders and I did, to make sure a strong partnership was built -
1. Shareholders Agreement: I recommend this for everyone who is going into a business with partners.
You do not want to build a partnership on assumptions.
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2. Company Roles - We each were transparent about our roles.
We each have strengths and interests and we really focused on those. We created roles and job titles that were based on those strengths.
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We understand that we each will be wearing many hats at the beginning of our start-up but being transparent of responsibilities is important.
3. Weekly Goals and Monthly OKRs - Everyone has weekly goals and OKRs that are set for something to work towards.
Low barrier to entry, old school businesses are my favorite and I want to show you why.
Let's break it down ๐งต
1/ You have the ability to launch an STR Management business with as little as 10k and I honestly believe it could be done even cheaper if you really wanted to bootstrap it.
Some Transparency - I am new to the STR Industry and...
2/ I am launching a business this year BUT I do have an eye for bootstrapping and launching businesses in old school industries.
So let's break down exactly what I did to launch my STR Management business with under 10k capital.
$40-45k/Month Gross Rent - Collecting 25%!! THAT is what I was missing out on!
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1/ I never realized how many opportunities were in the STR Management space.
Are the rates and demand 100% in correlation with the location I'm in? YES. I am fortunate with my location.
BUT I honestly believe that you have the ability to do this in most cities.
2/ I came to this conclusion by cleaning many different vacation rentals. In an average summer, we do around 20-30 vacation rental cleaning turnovers in a week.
I started noticing that we were handling a ton of the management...