Disruptance

What is it like working in an entrepreneurial company and what should you consider before working for one? In this new four part series, Eric Forney and Michael Bounds explore the 12 commandments of entrepreneurship.  On this episode, they break down three success strategies from the Team Success Handbook that depict how to succeed in an entrepreneurial company.  They discuss bringing va...

What's the difference between working for an entrepreneurial company vs a corporate company? On this episode, Eric Forney and Michael Bounds discuss The Team Success Handbook and some of the distinct differences between working for an entrepreneur versus a corporate company.  They explain how an entrepreneurial company is one where everyone is married to the outcome and thus willing to take o...

We all know the words we choose to use matter, but just how important are the words we choose? On this episode, Eric Forney and Michael Bounds dive into how words shape the way the person listening to you feels about the conversation, and how to pick words that help you get certain desired outcomes.  They discuss how powerful it is to ask people to imagine scenarios, and how incorporating fut...

Most Realtors you talk to right now are talking about how the market is going to get better when foreclosures start happening - but is that really going to happen? Eric Forney and Michael Bounds share their thoughts on the idea that we are approaching a foreclosure crisis, and, SPOILER ALERT, they aren't buying it.  They discuss how the current issue in real estate right now is a supply probl...

NEW SEGMENT ALERT! The listeners asked and we listened - Eric and Michael are starting a new segment of Disruptance where they keep you up to date on everything happening with cryptocurrencies.  This week, they discuss the drastic dip in the value of cryptocurrencies across the board, what caused it, what it means, and what you should do with this information.  Eric also explains whether...

How is inflation affecting real estate, and what can you do to get ahead of it? On this episode, Eric Forney and Michael Bounds discuss the headline floating around that we are in another real estate bubble.  They agree that we aren’t in a real estate bubble like before, because we are really in an everything bubble, meaning with inflation, the price of everything is rising.  With 20-40%...

What do you do when your business has grown so large that you don't have time to keep up with everything in your life?  Hopefully, you learn leverage instead of quitting. On this episode Eric Forney and Michael Bounds discuss the many benefits to learning how to leverage both personal and business tasks.  They talk about how difficult it can be for entrepreneurs to start letting go of ta...

The success of your organization is determined by the culture created in it, so how do you ingrain a culture that matches your vision? On this episode, Eric Forney and Michael Bounds talk about the importance of culture and how to indoctrinate it in your team.  They dive into what makes up a culture - shared routines, rituals, traditions and values - and how to enforce systems that feed back...

On this episode, Eric Forney and Michael Bounds continue the underrated or overrated series, debunking the possible lies you've been told about real estate and how to succeed in it.  This week, they break down their different opinions on the usefulness of open houses, the insane prices of Zillow leads, how a buyer's agent might not help you and the bastardization of culture as a sales pitch....

In a real estate market with limited supply and investors paying over value for homes, this could be the last opportunity to build wealth with real estate. On this episode, Eric Forney and Michael bounds dive into the nature of today's real estate market and how it is increasing the wealth divide.  They discuss how home ownership is the main source of wealth for most people, but as competitio...

What makes a piece of digital artwork sell for $69.5 million dollars?  Scarcity, an NFT and a story.   On this episode, Eric Forney and Michael Bounds discuss the rising emergence of NFTs, what they are, and how understanding them informs how you should be running your own business.  They discuss the scarcity fundamentals that make NFTs so valuable and so trusted and how the story b...

Is it possible that the government doesn't want you to pay taxes? Eric thinks so (with the caveat that you should talk to your CPA and not just him) and this week, he explains why he thinks so.  With over 90% of the tax code being made up of rules for credits and deductions, it seems that the tax code itself is set up to be used to decrease your tax liability.  Eric and Michael discuss t...

On this episode, Eric Forney and Michael Bounds continue the underrated or overrated series, debunking the possible lies you've been told about real estate and how to succeed in it.  This week, they break down their different opinions on how your listing sign should look, if you should be answering calls from your clients at midnight, and if you can run a successful business by texting client...

On this episode, Eric Forney and Michael Bounds start a new series of underrated or overrated, debunking the possible lies you've been told about real estate and how to succeed in it.  In this episode, they break down their sometimes opposing opinions on wearing suits or sweatshirts, driving a granny caddy or a Viper, if cash is king or cash is trash, and if a Bitcoin offer on a listing is la...

On this episode, we learn the origin story of Eric Forney.  Who he is and how he got here.  Eric shares how his constant curiosity paid off for him in the jobs he worked before he transitioned into real estate.  He explains how he learned business on the job, by being the lowest ranked manager his first year at Sherwin Williams, before ascending to #1 the following year. one of the...

On this episode, Eric Forney asks Michael Bounds about who he is and how he grew his business to what it is today.  Michael shares a few of his previous jobs he had before he discovered real estate when he went to buy his own home.  The rep convinced him he could be good at real estate, so decided to pursue it.  Michael explains how needing to beat out the competition motivated him...

It's almost completely possible to run your business from your phone now, but which apps are the most useful for the entrepreneur? On this episode, Eric Forney and Michael Bounds share the apps they use most every day and how they improve their daily life.  Eric discusses how YouTube is his source for learning anything and everything, and Michael explains how Audible helps him churn through b...

What is the future of real estate and technology? In this episode, Eric Forney and Michael Bounds discuss Zillow's recent acquisition of ShowingTime, not long after their acquisition of DotLoop, and the repercussions this has on the real estate industry.  They explain how the home buying process has friction in it for a reason, because it is a large, important transaction that has massive imp...

How will the solo real estate agent do in the new landscape of new technology and the on-demand nature of business? In this episode, Eric Forney and Michael Bounds share their thoughts on how they believe the solo-preneur is about to go extinct.  They discuss how being a part of a team typically means access to the efficiency of systems and models, but sometimes the solo-preneur feels resista...

Real Estate to the moon! On this episode, Eric Forney and Michael Bounds discuss the unique situation that arose when a group of Redditors short squeezed Game Stop stock, and why, even though the short term gains of the stock are enticing, an investment in real estate still elicits far greater returns.  They explain how the situation arose, and how hedge funds managed to make it impossible fo...

2020 was certainly not what anyone expected it to be, but that also means there was a lot that could be learned from it. On this episode, Eric Forney and Michael Bounds look back on the last year and discuss what they learned and what they would have done differently.  Michael shares how having time to sit out on his deck helped him gain perspective on what's truly important, and how it could...

Why do we procrastinate and how can we get ourselves out of that pattern? On this episode, Eric Forney and Michael Bounds flesh out where procrastinating comes from and how to combat it.  Michael shares how he procrastinates the most on items on his list that bring about conflict, like inspection responses.  He discovered, though, that if he just pushes through and knocks it off his list...

What makes people the most successful - hard work or getting lucky? On this episode, Eric Forney and Michael Bounds debate whether hard work or luck is the key indicator of success.  They discuss how some people feel like hard work is what gets them to the point where luck happens, while others feel like working hard is the only pathway to success.  Michael shares how he has always felt...

There's the age-old saying work smart not hard, but does that actually work in reality? On this episode, Eric Forney and Michael Bounds dive into the merits of working smart versus working hard.  They discuss how time on task is a very important indicator for how well you will succeed in real estate.  They also examine how working hard is the only way to get the results you want when you...

It would be easier to live in a world where money provided happiness, but since it doesn't, what do we need to do to find it? On this episode, Eric Forney and Michael Bounds talks about the search for happiness.  They discuss how we think there are things we can do in life that will guarantee happiness - get married, make more money, gain status - but those things only temporarily improve upo...