#006: 9 Things Insanely Productive People Refuse to Do: Part 4

Welcome to The Accelerated Investor Podcast with Josh Cantwell, if you love entrepreneurship and investing in real estate then you are in the right place. Josh is the CEO of Freeland Ventures Real Estate Private Equity and has personally invested in well over 500 properties all across the country. He’s also made hundreds of private lender loans and owns over 1,000 units of apartments. Josh is an expert at raising private money for deals and he prides himself on never having had a boss in his entire adult life. Josh and his team also mentor investors and entrepreneurs from all over the world. He doesn’t dream about doing deals, he actually does them and so do his listeners and students. Now sit back, listen, learn, and accelerate your business, your life, and you’re investing with The Accelerated Investor Podcast.

So, Hey, what’s going on with Josh Cantwell back with you. Welcome back to Accelerated Investor. And we are in the middle of our conversation about enormously productive people. The nine things that I have witnessed, the nine characteristics that I’ve witnessed in enormously productive people and specifically the things that they refused to do. You know, I’ve been very fortunate to be around some amazing entrepreneurs, you know, have seven, eight and nine figure investors, seven, eight and nine figure entrepreneurs, guys that are in amazing businesses.

And you know, what this next characteristic is something that every single one of them has in common is that they are decision makers. Now what they do is they will surround themselves with really, really talented people. One of the things I’m constantly doing is seeing and thinking how I can upgrade the people around me, the friends, the talent, the staff, you know, just how can I associate with bigger and bigger and better people who just really know what they’re doing.

But I’ve also recognized that enormously productive people, they own their decisions. They get information from everybody. They’ll take in information metrics, data, you know, input from other people. But very productive people refuse to let other people make decisions for them. They realize that they’re the final decision maker, that they need to make bold decisions. They need to make final decisions. They need to kind of, you know, plant their flag in the ground and say, this is who we are, this is what we’re doing, this is our final decision and then they live with the result.

You know, I’ve had to make amazing decisions and I’ve made a lot of great decisions. I’ve also made, I’ve also made God awful decisions. There were times when, you know, I had great information at my fingertips and I refused to pay attention to that information and I made a decision and it turned out awful, turned into a dumpster fire. It was a horrible, there were times when I had really good information at my fingertips and I made really good decisions. There were times when I had really bad information at my fingertips and I said, look, we need more information. We’ve got to have better information there’s something that we’re missing. I need more data I need more metrics. What is going on?

But at the end of the day, every single one of the successful entrepreneurs and really productive people that I’ve met, I see in them that they are decision makers. They see that man, I can make this decision I want to make decision, I’m going to live with the result, come hell or high water, whatever happens, I’m comfortable owning this. If I go bankrupt, fine, if I’m super successful, fine. I don’t care, but I want the decision to be on me, okay? And so as you build your business, whether you’re an investor or a real estate investor, you invest in the market, you invest in stocks, you invest in options, you invest in, you know, whatever you invest in. At the end of the day, that decision is a hundred percent yours, okay?

If you are building a company and you’re hiring staff, even if you have a really big business and other people that are hiring people for you, you know, you have multiple layers of management. At the end of the day, it’s 100% your decision, it’s 100% your responsibility. And so everything that happens in your business is yours. I read an amazing book called Extreme Ownership by Jocko Willink. And I’ve listened to his audio book many times and I’ve seen him on podcasts and YouTube videos many times. Highly, highly recommend the book Extreme Ownership and then highly recommend the follow-up book, which is called The Dichotomy of leadership. And in his book, Jocko and Leif Babin and the authors of the book, you know, their navy seals that were in, you know, that we’re serving in Iraq and served in some of the most dangerous and insurgent communities and cities in the world.

And constantly being shot at. And the constant, you know, threat of them losing their lives. And in the books, I just love the tack that they take, that they have extreme ownership over everything, extreme ownership. They are 100% making the decision. They’re making a call, they’re making a final decision that’s 100% up to them and they live with that decision. Now, do they make every decision, right? No, but they have to make a call they have to make a decision to have, to take action and they have to say, I’m going to do this and it’s on me 100%.

When I had a chance to interview Jack Canfield for this podcast a couple of years back, it’s definitely an episode that you should check out. So if you go back into Accelerated Investor, check out my interview with Jack Canfield or check out the interview with Jack on YouTube. Jack in all of his books talks about that, you know, people who are really, really successful have an ownership mentality. They are 100% responsible for their life. They’re 100% responsible for their decisions.

And so they never, never say, well, this happened to me. No, we never say that. If you want to be successful, you got to own it. You got to say to yourself, I made the decision, it didn’t happen to me, I made the decision and whatever happens happens. But this is not something that the world pushed upon me. This is something that I pushed out in the world because of the decisions that I made. I made the decision I’m going to live with the result. And whatever that result is, if you go all the way back to the first characteristic of enormously productive people is that they refuse to pursue perfection because they make decisions. They realize that they need to make a decision, but it’s not going to be perfect. They’re not going to make the exact right call every single time.

I mean, why do you see products constantly evolving? Why do you see companies constantly evolving? Because there’s no perfection forever. You may have an unbelievable offer or an unbelievable product or an unbelievable investment that’s working today because you made a great decision today. Trust me in the next couple of years that decision, that business, that investment will change course and you will need to make a new decision. So enormously productive people are really good at gathering intel. They’re really good at gathering data. They’re really good at surrounding themselves with great people. They’re really also really good at asking questions.

As I become more and more successful and built more and more businesses and I’ve had more success and built my passive real estate portfolio, I’ve become better. Instead of showing up at meetings or showing up at company functions and just, you know, blurting out here’s what we’re going to do. I become really good at asking questions, because the more questions I ask, the more data I get and I can make a better decision, okay? So enormously productive people refuse to allow others to make decisions for them. They refuse to take the mentality that this is what happened to me. They always take an extreme ownership mentality. They always take a hundred percent responsibility and they always make the final decision. That’s what I found, okay.

And so I hope you enjoyed this episode of Accelerated Investor and talking about very, very productive people. If you did, fantastic, let us know and also makes you go back and listen to the first three episodes of this series. I also look forward to recording for you the next characteristic of enormously productive people, which is that they refuse to allow past failures to stop them from pursuing their ultimate dreams. All right, thanks so much for being here. We’ll talk to you soon.

You’ve been listening to Josh Cantwell and the Accelerated Investor Podcast. Leave a comment on our iTunes channel and let us know what you want to learn next, or who you’d like Josh to interview. While you’re there, give us some five star rating and make sure to subscribe so you can be the first to hear new episodes. Follow Josh Cantwell and his companies, the Strategic Real Estate Coach and Freeland Ventures on all social media platforms now and stay up to date on new training and investment opportunities to start your journey toward the lifestyle you’ve always dreamed of. Apply for coaching at JoshCantwellCoaching.com.

Think about some of the most successful entrepreneurs and business owners in the world.

Steve Jobs might come to mind. Maybe Bill Gates or Elon Musk. Or even Jeff Bezos of Amazon or Mark Zuckerberg of Facebook.

Do you think any of them got where they are today by allowing others to make business decisions for them? Probably not.

That’s because productive entrepreneurs refuse to let other people make decisions for them. Now, this doesn’t mean that they don’t take others’ advice. In fact, successful people surround themselves with other motivated, intelligent, and forward-thinking people – so they can learn how to better themselves and their businesses.

But, in the end, super-productive entrepreneurs take total ownership for their decisions. Even when things go wrong, they don’t point fingers. They learn from their mistakes and move on. That’s what makes them successful!

And that brings us to Part 4 of this podcast series. Check out what Josh has to say about his experience making good (and not-so-good) decisions for his businesses in the past.

What’s Inside:

  • How to take 100% responsibility for the decisions in your business, even if you have multiple team members/managers who are involved in the initial decisions
  • How to live with your decisions – good and bad
  • How to develop an “ownership” mindset

Mentioned in this episode