95: Developing Unstoppable Partnerships with Elliot Smith and Tucker Merrihew

BiggerPockets Business Podcast

BiggerPockets

Business, Careers

4.8 • 696 Ratings

🗓️ 16 February 2021

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Building businesses from the ground up isn’t easy. It requires patience, hard work, and most importantly, a solid team. Without trust in that team, the product, the company, and the vision can completely disintegrate. When a team flourishes, you can create a massive success, where everybody wins. Tucker Merrihew and Elliot Smith have been working throughout the past year on Call Magic, a service that helps uncover leads for real estate agents, wholesalers, flippers, and other real estate professionals. Elliot originally teamed up with Cole Ruud-Johnson (who you’ll hear on our Real Estate Podcast, very soon), and everything was running well, but they realized they needed a leader. After Elliot talked to Tucker about the project, Tucker was in. There was just one contingency: the product and the company had to be the best of the best. The three partners agreed to put their all into it, and respect each other’s work. Cole already had experience running an outsourced cold calling team, Elliot had years and years worth of real estate experience under his belt, and Tucker had the Real Dealz Podcast audience at his disposal. Elliot and Tucker walk through setting up your business and your team for success, what to worry about and what to hold off on, hiring team members from overseas, and growing a business to scale, not fail. In This Episode We Cover: What to look for in a business partner/what to look for in an existing partnership How to “dummy proof” your business Managing, paying, and hiring workers that are overseas How to have better cold call conversations that secure leads Setting out to become the best of the best in your industry Trusting your partners and letting them show their strengths when working together And So Much More! Links from the Show BiggerPockets Real Estate Show BiggerPockets Podcast 381: 5 Rules for Investing in a Down Market with Tucker Merrihew Marketing Machines, Spec Houses, Flipping & Wholesaling | Podcast BiggerPockets Podcast 255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith Apple Tesla Check the full show notes here: https://www.biggerpockets.com/bizshow95 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Bigger Pockets Business Podcast show number 95.
0:06.7	And so the one thing that's really missing that was missing was we need an operator
0:12.7	that knows how to make decisions that is level-headed that understands business.
0:24.3	Welcome to a real-world NBA from the School of Hard Knocks,
0:28.4	where entrepreneurs reveal what it really takes to make it.
0:31.4	Whether you're already in business or you're on your way there,
0:33.8	this show is for you.
0:35.3	This is Bigger Pockets Business.
0:42.4	Okay. there. This show is for you. This is Bigger Pockets Business. How's it going, everybody? I am Jay Scott, and again, this again, this again, here,
0:48.3	here, here again this. I'm going to get this. Here again this week. There you go. That, wow, doesn't sound right
0:56.1	anymore, but here again this week, I am with. Wow. Wow. That was so eloquently delivered.
1:04.8	Yes, I am here again this week with my lovely co-host, Carol Scott. There you go. I got it out.
1:10.5	There we go. Beautifully done.
1:12.6	Thank you. So community, get this. We are so incredibly fortunate to have begun working with
1:21.4	someone who's just fantastic. Her name is Abby. She is an illustrator, designer, artist,
1:26.5	and she is delivering all kinds of fresh new
1:30.4	content around the show on all the social media platforms. So go find and follow the Bigger Pockets
1:38.3	Business podcast on Instagram, on LinkedIn, on Facebook. She puts out great stuff Monday, Tuesday, Wednesday, Thursday, Friday.
1:46.7	Find us, follow us, and tell all your friends to do the same.
1:50.4	And thank you, Abby, for making us shine.
1:53.7	Wow, that was good.
1:55.4	She's so good.
	...

Transcript will be available on the free plan in -1500 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.