The syndication business, and real estate investing generally, tends to have a bias toward action. While the importance of acting fast and decisively cannot be understated, strategic planning often takes a backseat. Our guest today, Scott Lewis, takes a unique approach in his business, Spartan Investment Group (SIG), leveraging his military background to prioritize precise planning. In this episode, Scott shares some of the lessons he learned from being in the Army. Aside from the honor of serving his country, the leadership skills he gained have stood him in great stead, helping him get through even the toughest times.
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Scott gives us insights into his planning process and the importance of understanding the various levels of operations. It is important to distinguish between the strategic, operational, and tactical levels of planning, and he walks us through how he tackles all of these. He stresses the importance of planning out the ‘what’ because if you don’t have the resources to connect your strategy to tactics, you can’t execute your strategy. Scott shows us how this works practically, giving an example of a difficult deal, which would have caused most people to crumble. Instead, SIG managed to remain level-headed and see the deal through. We also discuss the unique way SIG has prepared for the coronavirus crisis, the importance of slowing down, and other risk-mitigation strategies they use. We loved having Scott on the show. Be sure to tune in today!
Key Points From This Episode:
- Learn about Scott’s background and what he’s been up to since his last time on the show.
- Find out more about what motivated Scott to join to military later in life.
- How Scott’s military training helped him start Spartan Investment Group.
- Scott’s tips on writing a strategic plan: Don’t reinvent the wheel!
- The difference between strategic goals and operational objectives.
- What operational variables are and why it’s important to define your operating environment.
- An overview of how SIG tackled the coronavirus pandemic and the effects it’s had on them
- Find out how Scott’s thorough planning process works out in a deal.
- Some of SIG’s other risk mitigation strategies and how they work in practice.
- What communication at SIG looks like and how Scott keeps his finger on the pulse.
- A recent business improvement, the biggest contributor to Scott’s success, and giving back.
[bctt tweet=”There’s an enemy that always gets a vote and he never votes with you. — Scott Lewi” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Scott Lewis
Scott Lewis is the co-founder and Chief Executive Officer of Spartan Investment Group, LLC (SIG), and has led several successful real estate developments ranging from single-family flips to raw land development. To date, SIG has completed $6M in development projects, has $9M more underway, and raised over $7M in private equity. As the Chief Executive Officer, Scott is responsible for developing business strategies and plans, ensuring their alignment with short-term and long-term objectives. He leads the Spartan team by overseeing all operations and business activities to ensure they produce the desired results and are consistent with the overall strategy and mission. In addition to Spartan, Scott is also a Major in the US Army Reserves and is an Operation Iraqi Freedom Veteran. He has held various positions including Infantry Platoon Leader, Military Police Company Commander, Officer Candidate School Platoon Trainer, amongst others. Scott graduated from Michigan State University with degrees in Chemistry and Marketing, from Catholic University with an MS in Management, from Georgetown University with a Certificate in Project Management, and has his Project Management Professional (PMP) Certification. In his free time, Scott enjoys spending time with his wife, Lindsay, mountain biking, skiing, and chasing their two Jack Russell Terriers around the yard.
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