This week, Chaz Wolfe is joined by Al Foronda to discuss the role of faith in entrepreneurship. Al has a construction business he built from the ground up and is currently pivoting into real estate. His main focus is commercial construction, but Al's company can handle everything from home improvement to room remodeling. Al has reached the million-dollar mark several times over, and when it comes to what motivates him to keep going, it comes down to his family and faith.
In the beginning, it was all about financial security for his family. But down the road, Al realized there are more important things in life than money alone. If we work hard and are fair to ourselves and others, the money will come. And the best value we can provide to our families is time. And that's a huge motivating factor for Al. So as you build, start looking for people who can handle the things you normally do yourself, freeing you up to do more with the people in your life.
In terms of his faith and being an ethical entrepreneur, Al was born and raised an atheist. It was challenging for him to make that jump to religion, but he realized he didn't have much to lose if God didn't exist and everything to gain. He was warned that he could lose everything by accepting Jesus Christ as his savior. Within a few years of being baptized, that prediction came true, and Al found himself homeless. He realized that he had nothing to lose by bringing him down to that lowest point, which opened so many new pathways for him.
At that moment, he opened himself up to whatever path God had in store for him. He prepared himself for losing, but he didn't qualify for winning. We're so willing to believe in the things that hold us down, but we also have to accept good things can happen, and we need to be ready for it, too.
When it comes to bad decisions, they are unavoidable. Even when you make a bad call, it's important to have self-worth, number one. Be sure you understand your value and expertise, charge accordingly, and keep the pipeline full. If you keep those things in mind, you'll see yourself through missteps. You always have to be ready to lose, but once you win, you'll always know how to win again.
What You Will Learn:
Background on Al Foronda and his business background
The role Al's faith played in his own journey
How to deal with failure and pick yourself back up after it
The Power of Now