Jim Toner’s recent interview with IdeaMensch, a website dedicated to providing interviews with successful entrepreneurs to help others succeed, reveals the real estate mogul’s keys to success.
Jim Toner has been in the real estate investment industry for nearly 25 years and he is dedicated to bringing all the lessons he has learned (including the lessons from his large failures) to the table. He is the author of several popular books on entrepreneurship and real estate investing and he is also a dedicated speaker. He has traveled around the country speaking with popular entrepreneurs like Bill Barman, Frank McKinney, and Sharon Lechter.
People will often invest between $2,000 and $15,000 to get his advice on real estate investing. They are willing to do so because they understand the impact that real estate investing can have on their lives. With his “12 Little Houses Plan” and private coaching, Jim Toner reveals how real estate investing can lead to the financial freedom that many have always dreamed of.
However, Jim Toner also recognizes that the failures are often as important as the successes and he is no stranger to failure himself. After going from making nearly a million dollars a year, complete with mansion and extravagant cars, he was forced to declare bankruptcy. After struggling, he was able to build his business back up and he wants to show entrepreneurs how to do it too.
He recognizes that one of the biggest things holding entrepreneurs back is the tendency to spend the majority of their time thinking about a business idea rather than implementing it. The time wasted on thinking rather than testing out ideas and possibilities leads them to start thinking about what would happen if it didn’t work out. Often, if an entrepreneur reaches that point they will quit and miss out on the successes they could have had if they simply pushed through the obstacles.
The reality of the life of an entrepreneur is one that is a mixed bag of challenges and successes. Jim Toner reveals that the successes often won’t come without going through the possible failures first. It’s part of the reason why he calls his team the “Band of Rebels”. Each member of his team has experienced the real-world of entrepreneurship, one complete with obstacles and difficulties. However, it was their grit and their dedication to succeeding that allowed them to succeed. Toner also looks for the same dedication in his clients.
One of the interesting revelations in the interview however is that Jim Toner doesn’t believe work is always the answer. Working all day, all night, likely leads to burnout which is not good for the business or the individual. It’s why he suggests working out and reading to keep the body and the mind in balance.
Article taken from this site: https://www.score.org/mentors/jim-toner