Andrew Reichert on Building a Business Based on Your Core Values | Ep. 81

Summary

In this episode, Nick Zalk and Nick Aufenkamp interview Andrew Reichert, the owner and founder of Birgo, a private equity real estate company. Andrew shares his journey from being a rebellious teenager to a successful entrepreneur and investor. He discusses the importance of mindset shifts, such as moving from a victim mentality to taking agency over one's life. Andrew also emphasizes the significance of purpose and how it can guide decision-making and goal-setting. He shares his passion for real estate and how he started investing, even during the challenging times of the Great Financial Crisis. Andrew Reichert, founder of Birgo Realty, shares his journey as an entrepreneur and the importance of embracing challenges and instilling a growth mindset in his team. He emphasizes the need to develop a set of core values that guide decision-making and hiring processes.

Andrew discusses the growth of his team, which now consists of over 100 employees, and the importance of focusing on one's unique contribution and delegating tasks that are not aligned with one's strengths. He also highlights the significance of work-life harmony and prioritizing the things that are most important in life.

Takeaways

- Mindset shifts, such as moving from a victim mentality to taking agency, are crucial for personal and professional growth.
- Purpose can guide decision-making and goal-setting, and it's important to think about how you want to be remembered.
- Passion for a particular field or industry can be developed through experience and proficiency.
- Challenges can serve as catalysts for growth and can fuel passion and motivation.
- Self-awareness and self-discovery are essential for personal and professional development. Embrace challenges and have a growth mindset as an entrepreneur.
- Develop a set of core values that guide decision-making and hiring processes.
- Focus on your unique contribution and delegate tasks that are not aligned with your strengths.
- Prioritize work-life harmony and the things that are most important in life.

Chapters

00:00 - Introduction and Guest Introduction
01:14 - Andrew's Background and Current Business
02:12 - Andrew's Role and Daily Activities
04:14 - Early Struggles and Transitioning to Entrepreneurship
06:20 - Andrew's Journey and Purpose Questions
09:35 - Impact of Books and Mindset Shifts
11:01 - Defining Purpose and Developing Passion
13:01 - Transitioning from Victim Mentality to Agency
16:18 - The Importance of Self-Awareness and Self-Discovery
19:29 - Purpose and Legacy
21:42 - Andrew's Love for Real Estate and Investing
24:58 - Navigating the Great Financial Crisis
25:28 - Embracing Challenges and Finding Motivation
25:54 - Embracing Challenges and Instilling a Growth Mindset
28:23 - Building a Team Based on Core Values
29:31 - Focusing on Your Unique Contribution
35:12 - Prioritizing Work-Life Harmony

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Connect with Andrew Reichert:
LinkedIn: https://www.linkedin.com/in/andrewreichert/
Birgo: https://www.birgo.com/team/andrew-reichert
Instagram: https://www.instagram.com/birgorealty/
Facebook: https://www.facebook.com/birgorealty