David Choi is back on the show to talk about building a team that functions without you. David is a seasoned real estate professional, serial entrepreneur, and expert in finding off-market deals. In this #TechandTacticsTuesday episode, David will talk about how hiring an EOS implementer has helped him regain time for his family and friends while he continues to scale his business.
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David will also speak on how he created a culture within his business that gives every team member massive ownership and pride in what they do. He’ll share some of the fun traditions they have in the office like the “Big Cheese Award” that makes the people feel appreciated for all their hard work.
Key Points From This Episode:
- David recalls how bad his situation was four years before he started to implement the EOS.
- David talks about hiring an EOS implementer and how it helped him and his company.
- David goes into detail about creating an accountability chart, setting up goals, and going through the entire heartbeat of the company.
- David mentions they were understaffed and shares how they fixed that problem.
- How does David makes his team feel appreciated?
- David talks about the “Big Cheese Award.”
- David mentions a very important trait that a leader must have.
- David talks about a level 10 meeting template.
- David talks about his hiring process and how he scaled to 100 employees in four years.
- Is hiring an EOS implementer worth it?
- David talks about his daily habits.
- How does he like to give back?
“We started off just really empowering the people, creating a culture that gives every single team member massive ownership and pride in what they’re building.” [00:14:19]
“As a boss, you really need to be humble, you are nothing without your people.” [00:18:16]
“If you’re like me and most visionaries and entrepreneurs, you are like so bad at organizing and being disciplined, and that was me, so having someone come in and just shove infrastructure down, it helps a lot, and I do not regret getting one.” [00:26:17]
Links Mentioned in Today’s Episode:
About David Choi
David is a seasoned real estate professional and serial entrepreneur. Before starting his fully integrated real estate company, David worked for some of the largest development and private equity companies in the country, including Hampshire and Kayne Anderson. David has been involved in the management of private equity portfolios of over $2 Billion AUM and has personally been involved in thousands of real estate transactions. David is an expert in the syndication of capital and creative financing to assemble deals with unconventional and unique capital structures.
Through his extensive experiences in real estate, on both the debt and equity platforms, he was able to find inefficiencies in the traditional acquisition and deal sourcing processes. In 2017, he began developing a proprietary deal sourcing platform, using a data-driven approach to sourcing and acquiring deals on a national level. Presently, he’s the CEO of Leverage Companies and is actively purchasing, renovating, renting, and/or selling over 100 properties a year. David is also one of the founding partners in Leverage Capital Ventures, a Private Mortgage Origination company, originating over $100+ million in real estate bridge financing in its first year.
David graduated Cum Laude with a B.S. degree in Finance and Real Estate from Rutgers University and is an alumni member of the Rutgers Center of Real Estate Studies.
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