Jack Thursday – The Honest Truth about Business Ownership (LA 1696)

Jack Thursday - The Honest Truth about Business Ownership (LA 1696) Transcript: Steven Jack Butala: Steve and Jill here. Jill K DeWit: Hi. Steven Jack Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill K DeWit: And I'm Jill DeWit, broadcasting from the Valley of the Sun. Steven Jack Butala: Today's Jack Thursday. I'm going to talk about the honest truth about business ownership. Jill K DeWit: How honest you going to be? Steven Jack Butala: Brutally honest. It's brutal honesty week. Jill K DeWit: Oh. Maybe we should call the brutal honest truth. Steven Jack Butala: I should have. I don't know about putting brutal in a title though. Jill K DeWit: That's true. I don't know someone might be searching for that. I'm sure. Steven Jack Butala: I'm sure. I'm sure there are people searching for all kinds of stuff. Jill K DeWit: Tell me the good, bad and the ugly. I need to know. Well, that's why we're here. Again we're here to save you. Boy, do I wish I had us. Steven Jack Butala: Here's a prelude. Probably 80% of owning a business sucks. The 20% that's awesome. Jill K DeWit: Yeah. Steven Jack Butala: Like getting rich? Jill K DeWit: It outweighs that. Steven Jack Butala: Is worth it. And the 80% that's awful? You can outsource, Jill K DeWit: You know what though? You're talking about the 20%, the good part. I love. I'll never go back. Steven Jack Butala: Oh gosh. There's no way. Jill K DeWit: And I knew that. I knew that right away. I'm like, oh man. I knew that I was destined to do something like this with you. I knew. Steven Jack Butala: I know you did. Jill K DeWit: Every day, I got up and, yes, back in the day, I'm telling you how old I am because I actually had to punch a time clock. I really had to take a card off a wall back in the day and clock in and then clock out. I just knew that this is stupid. I shouldn't be doing this. I'm not this person. And I'm very happy where we are. I know we'll talk more about that. Steven Jack Butala: Me too, Jill. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community that's free. Please don't forget to subscribe. Seriously. Don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like. Jill K DeWit: Carl and Samantha, hello, wrote, "When looking at the red, yellow, green test, I was comparing the last three months, month over month, to establish a baseline and understand if the area was showing a downward or an upward trend." Love this. "I know every market is different. So looking at one month wasn't giving me enough of a story to make a decision." Brilliant. Steven Jack Butala: This is a slice of brilliance, Jill's right. In the red, green, yellow test we provide what I think is an infrastructure to test a zip code about whether or not you should send mail there and whether or not it's going to work for buy for 30 and sell for 60, but it's a basic concept. The question that they're asking, and these people are in Career Path right now, what they're really asking is, "Doesn't it make sense to look at some more stuff just to make sure?" And the answer is, "Hell yes. Absolutely, it does." Whatever makes sense to you beyond that structure. That's what Career Path is. It's taken this to the way next level and making it your own. Steven Jack Butala: And so month over month statistics or year over year statistics, what they're talking about specifically is are there more properties selling this month versus last month? Or less properties or there more properties selling this year over last year? Year over year, month over month, it's in every statistic in all kinds of real estate. So if there are more properties selling, and there are not more properties listed, this is the kind of stuff we talk about in Career Path and in Land Academy itself all the time, that's a good place to send mail,