When is a niche just being close-minded? Is John Fedro’s mobile home business a niche or is he just missing opportunities by being too focused? Similarly in jiu-jitsu being tightly focused can mean missing opportunities to win. In this episode Carter and Mo explore the difference between having a niche and not being open to other possibilities because ‘it’s not what you do’.
•Is it possible to lightly spar? (00:00)
•Being more open to other ideas and viewpoints (05:02)
•A good deal is simply buying something below market value (07:48)
•What is the difference between being in a niche and being close minded? (12:01)
•Some people are focused on buying anything which is undervalued (14:58)
•Carter reached a point where it became difficult to make money in mobile homes (16:35)
•How John Fedro strengthened his niche (17:35)
•Gordon Ryan is a good example of using the right tool at the right time (20:14)
•The difference between a niche and pigeon holing (23:22)
•The problem with politicians who change their position in order to run (24:49)
•With every negotiation you have to find common ground (27:18)
Tom Mckay
https://www.flipanythingusa.com/
John Fedro
https://www.mobilehomeinvesting.net/
Gordon Ryan
https://www.bjjheroes.com/bjj-fighters/gordon-ryan
Warren Bufffet
https://en.wikipedia.org/wiki/Warren_Buffett
