Geoff quit his $400K per year sales job last week to go all-in as an entrepreneur. In this episode, he shares why he made this bold move and the steps he took to make it happen. Discover the challenges and insights of transitioning from a high-paying corporate career to the unpredictable world of entrepreneurship and what we recommend to others who are considering making the jump.

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KEY TAKEAWAYS:

1. Transition Requires Strategic Planning: Geoff's transition from a high-paying corporate job to full-time real estate entrepreneur was not sudden. It involved strategic planning, gradual investment in real estate, and building a safety net.

2. Importance of Continuous Education: Geoff emphasized the significance of self-education, from reading sales and real estate books to listening to podcasts. Continuous learning played a crucial role in his successful transition.

3. Leveraging Corporate Skills: Skills and experiences gained in the corporate world, such as sales techniques and negotiation strategies, can be highly valuable in entrepreneurial endeavors.

4. Financial Security and Risk Management: Creating multiple income streams, like real estate investments, provides a financial safety net and mitigates risks associated with relying on a single source of income.

5. Personal and Professional Growth: The journey of becoming an entrepreneur involves personal growth, from learning to manage time effectively to handling multiple responsibilities and priorities.

6. Timing and Gut Feel: The decision to leave a corporate job for entrepreneurship is multifaceted and often driven by both logical analysis and gut feelings about the right timing.

7. Building a Strong Network: Networking with mentors and partners, like Adam McCarthy in Geoff's case, is essential for guidance, support, and opportunities in the entrepreneurial journey.

8. Calculated Risks and Freedom: Taking calculated risks is necessary for achieving greater freedom and control over one’s career and personal life.

9. Passion and Fulfillment: Pursuing a career that aligns with one’s passion, as Geoff did with real estate, leads to greater fulfillment and long-term success.

10. Vision for the Future: Having a clear vision and ambitious goals, such as launching a real estate fund, is critical for sustaining motivation and driving business growth.

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Timestamps:
0:00 - Introduction
1:00 - Mindset Coming Out Of College
3:28 - Working A Sales Job
10:34 - Finding The Entrepreneurial Path
14:10 - Juggling The W2 Job and The Side Hustle
18:16 - When Do You Make The Side Hustle The Main Hustle?
23:49 - Beware Of The Golden Handcuffs
27:23 - Should You Just Burn The Boats And Go All-In?
29:09 - The Biggest Differences About Entrepreneurship
33:55 - Biggest Takeaway From A Corporate Career
35:52 - What's Next For Geoff

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