Ugo Aliogo in this report writes Terry Thayer who is teaching entrepreneurs on how to maximise their efficiency
In 2002, when Terry Thayer started his career in the real estate industry, he found out it was just another high-paying job that required him to work many hours but not necessarily get a lot out of the business. One of the biggest challenges he faced in those early days was creating a team that actually mirrored his ethics and convictions.
“A lot of my business success was developed by building the right team around me. I don’t believe in self-made; it takes a team. I used to struggle with trying to find the right people to hire and would often get into the hire, fire game until I found the right person. Ultimately this ends up costing a lot of time and money. I have since developed an automated way to hire and bring in the right person every time and take a fraction of time and money that it used to,” noted Thayer.
Thayer has been able to maximize his efficiency by applying the same idea to other business, allowing him to follow more opportunities and spend time doing the things he enjoys.
“I have been a residential real estate investor since 2002 and have closed over a quarter billion in transactions since then,” Thayer said. “No matter what business I start, I find a way to automate it so I can do things that I want. In real estate, we do things big in the residential space. I would like to be perceived as the guy who helps entrepreneurs scale and automate their business.”
Today, Thayer helps others gain powerful insights about earning their own financial freedom in the best way possible. He guides people on how to make money while maximizing their efforts. “I get to teach others to not make the same mistakes I made that cost me a ton of time and money,” he espoused.
Continuing, he added: “I can always make more money, but I will never get more time. I have learned how to duplicate time with everything I do. Mentoring people is a passion and choice. It is probably the one thing I spend the most time on and make the least amount of money from. This is the one thing I don’t mind doing myself.”