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5 Bad Habits That Sabotage Success You Need To Avoid

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(Editor’s Note: The following article is a guest post by superstar entrepreneur and tech investor Jonathan Schultz.) 

At first glance, it would appear like everyone working in real estate has type-A personalities. After all, success is practically dependent on being organized, always prepared, and having a keen attention to the little details and always being ready to go.

In actuality, being prepared 100% of the time and remembering every important detail is easier said than done (and totally exhausting) so we make mistakes from time to time. After all, we’re only human. But sometimes those honest mistakes can turn into bad habits that chip away at our success.

Here are some bad habits that can seriously inhibit your chances succeeding professionally.

1. Putting Things Off Until Later

We’ve all procrastinated at some point in our lives – some of us more frequently than others – but getting into the habit of ignoring your responsibilities can cause you a heap of stress and heartache down the road.

If you’ve got a deadline looming over your head that you don’t want to do, don’t put it off – get it done so that you can get back to doing things you enjoy. I find if you put the “pain in the a$$” tasks first, it really clears your mind to be more effective doing all the other ones.

It’s that old saying of “get out of your comfort zone”, which also applies to the simplest things we do.

2. Tardiness

Everybody is a little late every now and then. Things happen beyond our control that can hold us up. But if you’re someone who’s constantly late for your appointments, you’re sending the message that you don’t care about your clients’ and team members’ time.

Not only are you probably annoying the other parties present, you could be costing yourself a big contract because you left a client waiting.

3. Poor Communication Habits

The key to succeeding in real estate is networking and staying in touch with your clients and connections. But if you’re known as the person who never returns an email or isn’t reachable by phone, you’re not doing yourself any favors.

Most people want to work with someone they can depend on. And even if you don’t have the answer, it’s better to respond by telling them you’ll get back with them rather than no response period.

Additionally, if you can’t make the time to reply to an email or return a call, you’re essentially telling your clients and team members they’re not important.

Lastly, being as clear as possible while communicating can also be a lifesaver. There are so many times where people think they hear what your saying but they aren’t fully.

In fact, a lot of times, the message is heard differently from its actual meaning. Talk about confusion! Now, I’m not saying you have to repeat yourself, but make sure you are really being clear when you are defining next action items.

4. Spending Too Much Time On Your Phone

Chances are, if you’re guilty of being a procrastinator you’re also probably guilty of losing focus throughout the day thanks to your smartphone.

For many people with focus-related problems, social media sites like Facebook and Instagram become massive time wasters. Break your cell phone habit by keeping your phone out of arm’s reach.

That way, you won’t be able to pick it up on a whim and check out social media when you’re supposed to be working. This is a tough one, but practice makes perfect!

5. Working Inefficiently

Work smarter, not harder. Don’t just dive into a task without coming up with a plan first. Think about ways to approach projects so that you maximize your productivity and get more done in less time. And most importantly, stay away from things that distract you.

You don’t have to be a type-A personality to succeed in the office, but you do need to make an effort to prevent yourself from falling into negative patterns of behavior. By nipping one or more of these bad habits in the bud, you’re well on your way to becoming the office superstar.

Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here

Entrepreneurs

These 22-Year-Olds Built A $2B+ Business In 2 Years

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It all started with a legal threat from Apple from jailbreaking a phone. It ended with a $2.6B business, built in two years by two Brazilian college dropouts.

A little over a year ago, Pedro Franceschi and Henrique Dubugras, then 22, announced a $125M Series C for Brex, a payment business, securing them a $1.1B valuation.

Then just last summer, the pair raised an additional $100M, bringing the valuation to $2.6B.

“Brex is … one of the most exciting starts we’ve ever seen,” venture capitalist and investor Somesh Dash said in a statement.

This feat made the duo the youngest unicorn founders in history, as well as one of the fastest-growing companies in history. Brex was founded in the winter of 2017. And it only launched publicly in June 2018.

How did that happen?!

Unsurprisingly, both Brazilian-born young men grew up coding and it has fueled their success.

Pedro became the first person to jailbreak the iPhone 3G and later helped bring Siri—Apple’s voice assistance—into the Portuguese language. 

At 14, he had already built a successful online game but was forced to shut it down once Apple came knocking with threatening legal letters.

“I’ve had two failed attempts, one successful attempt and one on the way to being a successful attempt,” CEO Henrique Dubugras told TechCrunch in an interview.

While Pedro was getting sued by Apple before hitting puberty, Henrique was programming video games and coding at 12 and later went on to meet Henrique on Twitter. 

Then what?

When both were 16, they founded Pagar.me, which was the first developer-friendly payments processor to be introduced to Brazil. 

They went on to raise $30M and grew a team of over 100 people before selling the company. They then enrolled in Stanford University, spending just eight months there. 

“We wanted to come to Silicon Valley to build stuff because everything here seemed so big and so cool,” Dubugras said.

Before leaving, the co-founders were under the impression the payment problems they had addressed for Brazil didn’t exist in the US. So they aimed to start a virtual reality startup instead called Beyond, later entering YCombinator.

“I think three weeks in we gave it up,” Dubugras said. “We realized we aren’t the right founders to start this business.”

Instead, the duo decided to do what they were good at—payments. So, they pivoted and used their experience to form Brex, a company that issues corporate cards for startups in the tech space.

YC gave them a $120K seed investment to back their vision, and they went on to collaborate with  Peter Thiel and Max Levchin, PayPal’s co-founders, and two giants in the payment space.

So what does Brex do exactly?

In a nutshell, Brex is a system for founders. One, it provides businesses a consolidated look at their spending. At the end of each month, for example, a CEO can easily see how much the entire company spent on Uber.

In addition, Brex can give entrepreneurs a credit limit up to 10 times what they’d receive through traditional channels. Brex also issues virtual credit cards moments after completing an online application.

“We have a very similar effect of what Stripe had in the beginning, but much faster because Silicon Valley companies are very good at spending money but making money is harder,” Dubugras explained.

The idea has proven beyond viable, with the company increasing its monthly revenue sixfold in the short time between October 2018 and June 2019, and they show no signs of slowing down. 

So what’s next?

According to the founders, Brex will launch a rewards program built with the needs and spending patterns of founders in mind. Next, the goal is to figure out how to grow the business’s client base beyond only tech startups.

“We want to dominate corporate credit cards,” Dubugras said. “We want every single company in the world, whenever they do businesses expenses, to do it on a Brex card.”

 

Featured Image Credit: Brex

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Entrepreneurs

NBA Legend Kobe Bryant Passes Away At 41

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NBA legend Kobe Bryant passed away earlier today in a tragic helicopter crash in Calabasas, CA, according to various reports. Four other passengers, including 13-year-old daughter Gianna, died in the crash as well.

TMZ was first with the news.

The news comes as a shock to not only the basketball community, but worldwide.

Since retiring in 2016, Bryant had reinvented himself as a venture capitalist, raising $100M in 2016 for a fund that’s had made a number of successful startup investments, including Epic Games, the company behind the Fortnite craze.

As of Sept. 2019, Bryant Stibel had $2B in assets under management, invested in 28 companies, 10 exits, with three of them—Dell, Alibaba and National Vision—going public.

 

“It’s finding that winning company as an investor,” Bryant said when asked about what excited him the most: hitting the winning shot in the playoffs or finding a winning company as an investor. “Because I always expected to hit a game-winning shot growing up.”

Overall, roughly a third of the 19 active companies in the portfolio is worth more than $1B.

Bryant is survived by his wife Vanessa and three daughters, including a six-month old, born in June of last year. Along with a legacy that will live forever.

Rest in peace, Mamba.

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Entrepreneurs

Here’s How Apple’s CEO Tim Cook Starts His Day

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Apple has became a trillion-dollar company. Despite the tech giant’s great numbers, how does its CEO Tim Cook actually start his day?

In a recent Axios interview, Cook revealed he starts each day just before 4 a.m. with a strict morning routine.

What that consists of might surprise you: He reads user comments about Apple products.

“I like to take the first hour and go through user comments and things like this that sort of focus on the external people that are so important to us,” Cook says.

In other words, he reads comments from fans, trolls and everything in between.

You’d think the CEO never bothers to read stuff like that; that he’d have an assistant ready to give him the rundown.

“And then I go to the gym and work out for an hour because it keeps my stress at bay.”

Workouts can be super critical. Billionaires and other successful entrepreneurs cite fitness as a key component to their success (and overall sanity).

“I seriously doubt that I would have been as successful in my career (and happy in my personal life),” Branson once wrote in a blog post. “If I hadn’t always placed importance on my health and fitness.”

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