54 min
Ep. 81 - Embracing Your Superpower with Lauren Wells The Art of Winning
-
- Entrepreneurship
Lauren Wells is a successful businesswoman as well as a mom of two boys. Lauren leads the strategic evaluation of market research and implementation and heads business strategies for 7E Investments. Lauren brings over 10 years of business development, sales, and project management experience to the company. Lauren has also been a real estate investor since 2010. During this time, she has helped grow and manage a portfolio of over 100 assets which include both residential real-estate and mortgage notes. If you are interested in the world or mortgage notes, be sure to check 7E Investments website!
In this episode, Lauren, a trailblazer who transitioned from the tech industry to real estate investing and running her own investment fund, shares her journey of discovering her superpower and scaling her business by appealing to her niche audience. Lauren emphasizes the importance of private money lending and mortgage notes as a lucrative way to build personal wealth. She also stresses the need for individuals to embrace their superpower and not try to fit into someone else's mold, as it can lead to attracting the wrong clients. Additionally, Lauren shares insights into maintaining health through running and strength training as well as the value of having systems and processes in place when scaling a business.
Join us for an engaging conversation on leveraging your superpowers, networking effectively, and surrounding yourself with people who complement your strengths
[00:00 - 15:23] Scaling a Business and Finding Financial Freedom
· Lauren Wells is introduced to the show.
Lauren is a working mother with experience in business development, sales project management, real estate investing, and consulting. She has built a successful business and helped manage a portfolio of over a hundred assets. Lauren specializes in real estate and mortgage notes, she also discusses the importance of owning one's superpower to attract the right audience and scale the business.
[15:23 - 43:29] Find Your Superpower and Attract the Right Clients
· When starting something, ask people who have done it before. Talk to experienced people to get valuable insights instead of being told only the risks.
· People in real estate are often willing to have a conversation and offer advice.
· Bringing on someone in operations can help build out systems and processes.
· Writing down all the things that someone else could do can help determine what is not moving the business forward.
· Have a good enough exit strategy to mitigate potential risks.
· Listening to what other people say about you can help you find your superpower.
· Asking people in different aspects of your life what they think your superpower is can provide interesting insights.
· Doing this task every few years can help you see what's shifted and keep track of your growth.
· Asking for feedback on your blind spots can also help you understand yourself better.
· 360-degree feedback involves asking everyone on your team to give you feedback.
360-degree feedback can help highlight blind spots and provide opportunities for growth.
[43:29 – 54:08] Closing Segment
· Are there tax benefits to investing in mortgage notes?
o Lauren says there are no tax benefits to investing in mortgage notes like depreciation or write-offs. Investors in her fund are taxed as qualified dividends, which are long-term capital gains. Finding another loan to invest in can be a challenge if funds are paid back early. It's important to weigh potential returns against the effort and time required.
· How do you know whether you're winning or not?
o Lauren measures success through consistent and intentional actions toward her goals on a weekly and quarterly basis. Winning for her is about showing up
Lauren Wells is a successful businesswoman as well as a mom of two boys. Lauren leads the strategic evaluation of market research and implementation and heads business strategies for 7E Investments. Lauren brings over 10 years of business development, sales, and project management experience to the company. Lauren has also been a real estate investor since 2010. During this time, she has helped grow and manage a portfolio of over 100 assets which include both residential real-estate and mortgage notes. If you are interested in the world or mortgage notes, be sure to check 7E Investments website!
In this episode, Lauren, a trailblazer who transitioned from the tech industry to real estate investing and running her own investment fund, shares her journey of discovering her superpower and scaling her business by appealing to her niche audience. Lauren emphasizes the importance of private money lending and mortgage notes as a lucrative way to build personal wealth. She also stresses the need for individuals to embrace their superpower and not try to fit into someone else's mold, as it can lead to attracting the wrong clients. Additionally, Lauren shares insights into maintaining health through running and strength training as well as the value of having systems and processes in place when scaling a business.
Join us for an engaging conversation on leveraging your superpowers, networking effectively, and surrounding yourself with people who complement your strengths
[00:00 - 15:23] Scaling a Business and Finding Financial Freedom
· Lauren Wells is introduced to the show.
Lauren is a working mother with experience in business development, sales project management, real estate investing, and consulting. She has built a successful business and helped manage a portfolio of over a hundred assets. Lauren specializes in real estate and mortgage notes, she also discusses the importance of owning one's superpower to attract the right audience and scale the business.
[15:23 - 43:29] Find Your Superpower and Attract the Right Clients
· When starting something, ask people who have done it before. Talk to experienced people to get valuable insights instead of being told only the risks.
· People in real estate are often willing to have a conversation and offer advice.
· Bringing on someone in operations can help build out systems and processes.
· Writing down all the things that someone else could do can help determine what is not moving the business forward.
· Have a good enough exit strategy to mitigate potential risks.
· Listening to what other people say about you can help you find your superpower.
· Asking people in different aspects of your life what they think your superpower is can provide interesting insights.
· Doing this task every few years can help you see what's shifted and keep track of your growth.
· Asking for feedback on your blind spots can also help you understand yourself better.
· 360-degree feedback involves asking everyone on your team to give you feedback.
360-degree feedback can help highlight blind spots and provide opportunities for growth.
[43:29 – 54:08] Closing Segment
· Are there tax benefits to investing in mortgage notes?
o Lauren says there are no tax benefits to investing in mortgage notes like depreciation or write-offs. Investors in her fund are taxed as qualified dividends, which are long-term capital gains. Finding another loan to invest in can be a challenge if funds are paid back early. It's important to weigh potential returns against the effort and time required.
· How do you know whether you're winning or not?
o Lauren measures success through consistent and intentional actions toward her goals on a weekly and quarterly basis. Winning for her is about showing up
54 min