Connect with us

Business

JON SCHULTZ: Moore’s Law And How We Can Apply It To Our Business Relationships

Published

on

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

To me, relationships are everything in business. It’s what gets me up in the morning. It’s what gives me the motivation to push through when I feel there’s no way forward.

All in all, they make the business world go round so to say. Since relationships play such a vital part in the success of businesses, it’s important to make the most of each relationship and double down. Moore’s Law is a great model for business relationships, as this concept is basically the duplication of everything.

In this world of technology and artificial intelligence, which will probably take on the form of Moore’s Law on steroids, learning how to create relationships will become even more valuable because there is no technology to replace it. BOOM!

So, what can we learn from Moore’s Law and how can we replicate this for business relationships? Let’s find out.

THE RIGHT BUSINESS RELATIONSHIP WILL FUEL YOUR CAREER

Moore’s Law states that the number of transistors that can be packed into a given unit of space will roughly double every two years. So what does all of this mean and how can it relate to your business ventures?

It’s simple – the more you cultivate and nurture relationships, the more relationships you will establish. You will double your network by simply hanging around the hoop, providing guidance and assisting people you do business with in any way you can.

When someone likes you, they will trust you and respect you, and then that trust and respect will help that person introduce you to even more contacts. Like they say, “it’s not about that person you know, it’s about the people THEY know.”

YOU GET WHAT YOU GIVE

In order to double something, like with Moore’s Law, you have to have a good foundation established so that you are creating more good relationships and not doubling negative relationships.

You get what you give –if you give off good energy and establish healthy business relationships, you will be able to create those close and all-important connections.

THE VALUE OF RELATIONSHIPS

Who you know matters in business. You can get so much further in life and in your career (as well as having WAY more fun) by knowing the right people and figuring out how to help them first get to where they want to go.

Whether you are fresh out of college or a seasoned veteran in your industry, your relationships are the catalyst of all your growth and success.

Look at it this way: If you are looking to make headway in your company, you need to perform your due diligence and reach out to people and network. Even a quick coffee meeting or a long lunch can help establish a relationship.

Remember, we’re all human beings here for a short period of time—just trying to do the best we can to not only serve ourselves, but serve others.

When you realize that’s all it’s really about … Moore’s Law takes care of itself. (That deserves another BOOM! … but I don’t want to overdo the BOOMS! BOOM!)

BE A MENTOR

Once people see you are comfortable connecting with others, they will then want to connect with you. You get what you give!

Also, don’t limit your networking to just professionals in positions you want to be in, be a mentor for those entering the industry who are looking for some guidance.

When mentoring and teaching, you’re reinforcing all that you want to be (and all that you’ve learned) in a positive manner. You’re not only mentoring, but you’re re-upping your game, too.

Like in Moore’s Law—which is the aspiration of every company for their products—the same success should be applied to your relationships.

This will, in turn, create the same momentum in your business.

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

 

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀

Published

on

I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. 💎

You can check it out here.

Let me know what you think. 😎

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

Continue Reading

Business

How I run a $300M+ business from the beach…(and how you can TOO!)

Published

on

Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

Continue Reading

Business

NYCE CEO: Apps Like Robinhood Have A Responsibility To Their Young Investors

Published

on

Investor and popular Instagram influencer Philip Michael says new fintechs need to take greater responsibility for their younger traders. 

“Promoting financial literacy is a must, but encouraging risky gambling is reckless,” Philip Michael, NYCE CEO, says. 

In 2020, a 20-year-old Robinhood trader killed himself after engaging in risky options trading and seeing his balance $730,000 in the red, leading to a wrongful death lawsuit against the investment app.

“The main apps onboard as many new users as humanly possible, but there’s really no educational process,” Michael says, “and these first-time investors are left to figure things out on their own.”

NYCE—a fintech focused on creating wealth for minorities—wants to create 100,000 millionaires through real estate investments and wealth education.

Through its app, investors can own shares in apartment complexes for as little as $100.

Since launching, NYCE has set records for most new first-time BIPOC real estate owners, buying over 1500 apartments in the pandemic and splitting ownership with its investor crowd.

Once investors are in, NYCE automatically enrolls investors in an online wealth academy (TRIBE) that teaches basic wealth principles, responsible investing and how to spot irregular fads like altcoins and meme stocks.

“Becoming a millionaire is a function of time and habit, not luck and one-time scores,” Michael says. “The micro-investments are really just the gateway drug to that wealth mindset.”

Continue Reading

Trending


Warning: count(): Parameter must be an array or an object that implements Countable in /homepages/28/d742565295/htdocs/clickandbuilds/WealthLab/wp-content/themes/zox-news-child/single.php on line 683

You’ve reached your free article limit.

Continue reading by subscribing.

Go back to Homepage >
X

Forgot Password?

Join Us