As each state opened its doors to visitors post covid, conferences were on a roll! 2022 was the year I got to attend various conferences in different places. As we all know, conferences are an essential part of an entrepreneur’s life!
So, here are the Top 10 Lessons I learned from attending 18 business and real estate conferences in 12 months!
5. It’s better to be a farmer than a hunter. Just as a farmer nurtures an apple tree throughout the year before bearing fruit, a diligent person will nurture relationships. Relationships take time. My rule of thumb is to try to help someone (or offer to help) 10 times before asking for something in return.
6. Plan ahead financially. Do not rely on one stream of income. Create streams of passive income that can help weather the storms when they come. And they will come. Whether you’re a W2 income earner relying on a company to pay you or an entrepreneur responsible for your own paycheck, diversify your income. Your future self will thank you.
7. The only constant is change. Learn to accept it and even welcome it. Success comes to those who are able to adapt the quickest. This is something I witnessed alongside hundreds of other entrepreneurs through my 10-year membership with Entrepreneurs’ Organization – LA North.
9. Tax is the penalty the government gives you for not doing what they want you to do. Robert Kiyosaki’s book The Four Quadrants, explains this well. There are reasons the government provides tax incentives for real estate investments. The tax code encourages taxpayers to invest in Real Estate and stay in real estate.