As with many entrepreneurs, the love of the process and building something is just as satisfying as the wins and successes they experience. For Jack Kautz, it has been no different.
He describes himself as someone who is driven, has a touch of ADHD, and goes all-in on anything he’s involved with. And while that combination has benefitted Jack it has come with its shares of ups and downs.
One of the biggest experiences he’s ever had as a driven entrepreneur happened with the downturn of the real estate market happened in 2008.
From 2003 to 2005 Jack owned 40-60 different properties and was aggressively investing in several more. As he puts it, he got a little greedy. Long story short, he went full speed ahead on buying properties that looked like they would have an incredible return in a short amount of time. 13 years later Jack still owns the properties, has lost money, but has learned some valuable lessons as a result.
One of the biggest takeaways for Jack, from that experience, has been that it’s sometimes better to take a lower price on something, get your money back and start using that money for something else. Instead of sitting there and waiting for the extra five, seven, or ten percent or a little bit more money get your money out so you can keep projects and people moving and working.
Whether you’re an entrepreneur, investor, or work for someone, here are three things Jack recommends to help move your forward and succeed.
Wherever you find yourself, go all-in. You owe it to yourself, your family, your employer to give 100% each and every day.
Take some impulsive, but thought out risks. You’ll win some and lose some, but don’t sit around waiting for something to fall into your lap.
Challenge yourself. It’s easy to sit back, coast, and take life as it comes but there’s very little satisfaction in that. Look for something that will require you to learn something new and work hard to achieve. Life is too short, don’t let it pass you by.
Do something today that makes you uncomfortable. Chances are, you might find out you actually enjoy that very thing.
Now…GO GET SOME SUCCESS!