Knowing what you do after an exit is key to avoiding the feeling of purposelessness. In this action-packed episode of the Dreamcatchers podcast, host Jerome Myers interviews serial entrepreneur and deal expert Roland Frasier. They discuss how Roland got his start in business at a young age in real estate and has gone on to do hundreds of profitable deals across many industries. Roland shares his philosophy that we all have a choice to take the pilot seat and decide our futures. He emphasizes the importance of having a "what's next?" lined up before exiting a business to avoid feeling lost. They also talk about how to learn deal-making, why most people only have one big entrepreneurial win, and how to look at buying companies themselves as the product after an exit.
[00:00 - 09:59] Roland on Getting Started in Business & Online
Started in real estate sales, securities, and insurance at a very young age
Got into the online business helping out at real estate events
Put out his first product offer without having created the product yet
[10:00 - 18:38] Controlling Your Own Future
You don’t have to slowly "pay dues" - don’t make an excuse not to advance
We all have a choice in deciding and owning our futures, successes or failures
How ultimatums make Roland defiant - will blow things up rather than surrender control
Taking the pilot seat versus being a passenger in your own life
[18:39 - 31:41] The Importance of Direct Knowledge to the Outcome You Want
80/20 experience vs education ratio behind his success
Roland started self-educating through books on real estate, business biographies
The hunger and drive to consume everything on a topic voraciously through books, mentors, doing deals
[31:42 - 46:00] The Reality of Exiting Businesses
Have a clear "what's next" lined up before exiting to avoid feeling purposeless
The key is to create an exit while maintaining momentum
No one talks about the risk of "going off the cliff" post-exit
[46:01 - 53:01] Finding Fulfillment After the Exit
Watch out for “What's Next: Finding Fulfillment After Your Exit”
You have to go out and take action
Closing words
Tweetable Quotes:
“If you've got the right mindset, then there's really nothing that you can't do if you apply yourself to it.” - Roland Fraiser
“It [‘paying dues’] is an excuse for people to be okay with getting stuck. I think it's a way to make yourself feel better about it. Not having the hunger, the drive, the skills, the competence to move up to the next level.” - Roland Fraiser
"The exit will be very unfulfilling long term… if you don't know what's next.” - Roland Fraiser
Connect with Roland!
LinkedIn: https://www.linkedin.com/in/rolandfrasier/
Podcast: https://podcasts.apple.com/us/podcast/business-lunch/id1442654104
Website: https://epicnetwork.com/
Book: Business Wealth Without Risk by Roland Frasier & Jay Abraham
Resources Mentioned
Nothing Down How to Buy Real Estate with Little or No Money Down by Robert G. Allen
The Surrender Experiment by Michael A. Singer
The Art of the Deal by Donald J. J. Trump and Tony Schwartz
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Dreamcatchers is an inclusive organization that targets people’s interest in being more instead of a certain demographic. We have people from all walks of life at many different ages. Find out more at www.itooktheredpill.co
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