On today's episode of Gathering the Kings. I started having these visions of what life could be like if I became the owner and all the things that I could do and all the things that I would be capable of doing. And then when I started having those visions, that became more exciting than being the the star of the show. The star of the show is cool.
As long as you don't have ambitions of going bigger, but the moment you wanna go bigger, being the star of the show is the thing that's holding you back. You are listening to Gathering the Kings with Chaz Wolfe featuring fellow 78 and even 9 figure business owners who have real battle scars, from business and life, but have prevailed as the king that they are designed to be.
We welcome high performing entrepreneurs to the stage in order to reveal the real of the real on what it takes to build a successful business today. We dissect the good and bad to they've made along the way Chaz give a true and accurate picture of the journey of success and how you too can get their Through this dialogue, you will learn the value of growing your network and surrounding yourself with power players and keys like today's guest.
Grab your pen and notebook because we're about to dive in. Alright. What's up, everybody? I'm Chaz Wolfe. This week, we've got Swan Morales. On the King stage. What's up, brother? How you doing? I am doing fantastic. Thanks so much, Chaz, for having me here. I'm excited to get into this with you and get some value to your audience, man. Yeah, man. It's gonna be great. I hope that I didn't completely butcher your name. You did not. You did it perfectly well.
Okay. Good. Good. The 3 years of Spanish Chaz sector in junior high has paid off, apparently. I love it. I love it. Yeah. What's your Spanish look like? Do you remember? I think is about all I know as of right now. Yeah. That is perfect. Very little, not very good. Juan, please tell us what kind of business that you're in, man. Yeah, man.
At the moment, I am running a property man management company that is focused on short term rentals or AKA Airbnb Chaz some people know it, but we do much more than that. We're trying to scale and get into a small boutique hotels, and maybe one day Wolfe be the next Marriott. Who knows? So that's what we got going on right now. And you're doing all of this. On the beautiful Puerto Rico? That is correct.
Yes. We are located in San Juan, Puerto Rico, and we are on the beach All of our properties are either looking at the ocean. So one of my motives was, 1,500,000 ocean views. That was, like, my whole focus. And then since then, we've actually, diversified into getting properties that are near the beach. And that at the end of the day, they offer really great value to travelers. That's really what the focus has been. I think that's where the future is going, and that's what we're focusing on.
I love it. I love I a couple years ago, I had moved for a short period of time to South Florida. And, being from Kansas City where we have no beaches and such, obviously, I've been to the beach before, but when I moved there, I realized I'm not so much of a go to the beach kind of a guy, but I'm a view guy. So everything that you just said to me is you can give me a $1,000,000 view, I'll take it all day long. I can operate at a high level if I've got a good view.
Dude, that's, like, that's exactly what Since Chaz day 1, I started this entire business out of what I wanted where I wanted to be living and what I wanted to experience, which was to be in a space where I could look at the ocean all the time. And I figured that if I like that, other people would as well, And I just doubled down on that, and it's worked out really well. That's awesome, man.
It's it's I think that it's, you could say the same thing about the mountains or whatever view that you like as whoever's listening today, but I think that if you can get it get yourself in a really for me, at I didn't realize that it gave me a clarity of headspace where I was like, I enjoyed looking at the ocean or the beach or just color of the water, or I like the mountains too. If just the view itself, it just took me to a place of just probably clarity or peace.
Chaz, hadn't really ever experienced before on a regular basis. So I'm just like, I'll take a view all day long. For sure. And I think I think I love that too, and I think our guests love it too. And it's actually been not only a good idea, but it's also been a very good business strategy. When things happen in the short term rental space, a lot of people worry about, can I rent my place or not?
And what I found is that if you give people like, the best of the best, they will book that no matter what's going on in the world, always through pandemics, and through any natural disasters those are the best places to, to have as a business. And also, I think it's because people find the benefits of and especially now when we're working all remotely, don't wanna be working in a enclosed space. You want if you don't have the space, but you have the view, that kinda compensates for that.
Yeah. No. I love that perspective. Okay. So before before we jump into some of your history and the story how you've become successful and doing 7 figures plus, I wanna know what pushes you. Like, what drives you? Why are you still doing the game even at this level of success? That is a really good question. I believe it might be fear, man.
It might be fear of having to go get a 9 to 5, having to take orders from someone else, But most importantly, losing the freedom to have options and so that I can choose to get on a plane tomorrow and I can choose to go and do the next thing that I want to do. And I think it's that we work entrepreneurs are crazy because we do what most people wouldn't do because it's really hard. We don't do anything that's easy because that would be a job.
Yeah. And for me, yeah, my biggest driver is I want to continue having options in the future, and I want to be able to control that. And I want to also exploit my potential. Right? I know that in inside of me, I know that I can do a lot more. Yeah. Of course. And hope for things to happen. I wanna go and create them. And it's a combination of that fear of losing my freedom. Fear of losing the options and also knowing that I have some potential in me that I need to leverage.
And that's really the biggest driver, man. It's not really money. Like, every time I get a little bit more money. I don't necessarily get any happier, but when I can go and do really cool stuff that cost money that I can pay Yeah. Then it makes it real. So Yeah. 100%. Yeah. They all couldn't help but think there in a moment of you said when I get more money, it doesn't necessarily make me more happy. I was just putting myself in that of the shoes of getting more money.
And every time I get more money, I do another deal, which is what brings me joy and happiness. I think that's it's not necessarily the funds of buying things. I think that we all like nice things, but at some point to your your answer there, I think that it has to go beyond that. Was that always in you? Did you have that before you got this level? Was that pushing you even when you got started? When I started my first business, it was actually a a kite serving school.
So in 1998, I learned how to do kitesurfing. And in 2002, I was actually already teaching kitesurfing. And there was less than maybe a hundred people in the world doing kite surfing when I started. I was twelve years old. I was 24 years ago. And I started out with passion for something that I really enjoyed and that others found that I was really good at and that they were willing to pay me for Chaz.
Yeah. And then because of the nature of kite surfing, it's actually a seasonal sport, and it's also a seasonal business. I was all of a sudden, I found in a very short period of time making the money that I would make for the year and then having 4 months off So then I was like, okay. What do I do with this 4 months? I'm not gonna go work for someone else.
Maybe I should go travel and was while I was traveling, I started find, like, even more motivation to go back and work harder on my business on the next season, make a little bit more money so I could have more options. And then it started compounding into reading books about entrepreneurship, about real estate, and all these things. And I started unlocking more and more doors in my brain of things that I was able or possibly could do.
And and one thing led to another, and I just started challenging my every time. I just, I think, an entrepreneur is somebody that's a very curious person Chaz loves challenges and doesn't mind risk, calculated risk, and I think I have that personality in me. So Yeah. 100%, man. I love what you said about the seasonality too because, obviously, here, Kansas City or anybody, you know, north of here, we've got all four seasons and which includes snow.
And so any outdoor company, is gonna not be able to operate 2, 3, sometimes maybe 4 or 5 months out of the year, depending upon what state that they're in and how much snow or whatever. And so think that there's a lot of entrepreneurs potentially even listening today who just wind things down and take the season off, which I don't think there's anything wrong with that if that's the end game, if that's the lifestyle that you're looking for.
But, like, what you just said, it it was time that allowed you to, like, press into the DNA of who you are, which is I'm an entrepreneur. I'm hungry. I wanna go after the next thing.
And so I have these months, which turned into opportunity, which then like you said, turned on the curiosity switch, turned on your how do I solve problem switch, and you started providing some other solutions, which eventually turned into a whole another big business do you even do any kite surfing anymore outside of leisure? I do it, but, in in 2017, that business that was, like, making decent money, like, more than I needed to live off of on the lifestyle I Chaz.
We had a hurricane in Puerto Rico that basically killed the power in the island for about 3 months. And in some parts of the island for about a year, So, obviously, there was bigger problems and bigger things that we had to focus on more than learning how to kite surf. So even though a lot of my business were travelers, I did have some locals as well. And then the venue where I Chaz my setup actually got shut down. Yeah. And I was I thank god. I had some savings. I had about a $100,000 saved up.
And I had money, but the entrepreneur in you, the moment your business stops making money, you get fearful. You realize like, okay. What's gonna happen? And I've never been the type of person where I just kicked back and I say, okay, I'm set. I don't have to work anymore. So I, I just sat in my couch. I started, like, thinking about what I was going to do, and then I, I had already started. Decide business, which I think is a really important lesson.
For anybody that's on a, that's a business person, you have to stop thinking us, okay, I am a plumber. I'm an electrician. I'm a real estate guy. You gotta stop thinking about that. You guys start thinking that I am a businessman or I'm a businesswoman. Right? And what that means is that you have to open up your possibilities to not only the stuff that you're good at, but other stuff that you could do as Wolfe, that has some sort of relation to your expertise.
So for me, it was I was always obsessed about real estate, I started reading a bunch of books. I read the the rich dot poor dot book, which, like, basically changed the game for me, and I may it made me realize that if I wanted to get to the next level, I had to get into real estate. So in in 2012, I actually did a rental RB trash lease, a deal for Airbnb. I didn't even realize what I was doing. I didn't even know that it was a thing.
And I actually had a side business Wolfe I was running my Kite surfing school where I had this one apartment that was being rented on Airbnb, and it was paying for itself and actually making some money. And then the next year, I decided to add one more because it was very little work. And then by the time we got to the hurricane date, which is 2017, I already had 4 Airbnb's, and I was making a little bit of money.
Not enough money to replace my business income, but enough so that I could get working and just realize that I just had to do more of this. And I could make it into a business. So that's how I transitioned into my my new business, which is the real estate, and the Kite surfing school has become more of a side gig. Now, and the Airbnb has become the main business. Yeah. I think that what you described is a pivot. Right? It's a successful pivot.
And I think a lot of entrepreneurs can relate to that just going through the pandemic, whether it be a hurricane, like you said Chaz before before the pandemic, or just a market shift. Right now in real estate, there's a market shift. And so you have to be able to, like you said, think of yourself as a business person or an entrepreneur, And what that means is that I'm running a business, and I'm willing to take greater risk than the average person.
So that doesn't necessarily mean that I'm a tradesman or a technical person of this specific kind. For sure. Maybe I have some skill sets here, but I've gotta be willing to bob and weave. In fact, I was it was so interesting. I was literally just watching a video actually is a replay of some kind of president Trump who was saying this exact same thing. He was like, you can be in this industry.
You can be in that industry, but basically, you've gotta be you gotta be persistent to press through, but you gotta be flexible. You can't just be so stuck on something that you don't you know, flex or what he said, Bob and Weave. You gotta be able to be flexible, but you have the persistence to never quit.
And so when you take the ownership or the identity, as you said of I'm a business owner or I'm an entrepreneur, then you're always gonna press into whatever the opportunity is at hand and whether you need to pivot and change it, and then you pivot and change it. You move on. It doesn't to change the identity of who we are. Yeah, man. That's funny Chaz you say that because the all these ideas didn't just come into my brain. Right?
Like, I a lot of the stuff that I say or that I do is because either I heard it from somebody else and it just made a lot of sense to me. Yeah. Or I actually heard it, and I put it to practice and then I found my own way and really the the real truth behind it. But what I have found is that if you're an entrepreneur, you do need to find, like, a a balance between going, let's say, 85 to 90% all in on what you're best at, for sure. Okay?
Like, I I don't think you need to be so Chaz they're diversified that, you know, that sounds good in theory, but the reality is If you're good at, let's say, marketing, just be the best at that. If you're the best in, like, fixing and flipping properties, just be the best of that. But that doesn't mean that you cannot explore other side businesses where you're not allocating a lot of your time.
You're not allocating a lot of your resources, but it can generate a little bit of income, and you can deploy some of your expertise into 2nd business where all of a sudden, it it kinda becomes something of its own, and it's something that can generate a little bit of income on the side for you. God forbid, you know, what you're doing stops working. I can tell you my experience, I've I've had to pivot from one business to the other, and I'm very glad that I did it.
And I don't think I would have been able to do it if I didn't have the mentality or mindset of, let's always explore. As an example, right now, my current business is doing very well. In theory, I don't have to work. Anymore. It could be traveling and having fun or whatever. And I do that, but at the same time, I'm always thinking, okay. What other things could we do? As an example, we started, like, a little car rental company. Right? So I started thinking, I have apartments.
What else do my guests need that I can provide? So then let me go ahead and get a couple of nice cars that I can use for myself and then just rent them out. So that starts as a side business. Then we started understanding how that works. And then we can all of a sudden start adding more cars before you know it. You have 50 cars. Right. Start making a couple $1,000,000 a year, and it all starts from just getting curious, right, that's just one one example.
Yeah. I love the example, and it's obviously hits home for you, but I think that there's a lot of ancillary products or services like that a lot of entrepreneurs Ancillary. That's the word I was thinking. Yeah. Yeah. They just miss out on them because they're closed minded.
And so at the same time too, I think he did a great job of describing a shiny object syndrome and not being swift away or swept away by the new flashy thing and making sure that you're true to your roots of where the actual business comes from. That's great. I wanna know in this journey here, obviously, you've given us already so much to think about Was there a good decision that you made that just really has put you on the map where you are today?
I would say the the best decision I did was There's 2 really good decisions. One was the moment that my previous business stopped working, and I had to make that decision. It didn't take me that long. It was made over, like, a YouTube video. I was watching my couch. I watched the video from Robert Kawasaki saying savers are losers. I had a 100 k in the bank. And I was like, you're right. Let me go ahead and freaking put this money into play.
I was probably what, 20 low, like, 29 or 28 or something like that. And I was like, man, the worst that can happen is I lose this money. I'm still young. So that was a big decision. Making that decision and doing it quick, not overthinking it. Yeah. The other really good decision I made was that once the business started working, I decided to figure out a way that I can make it run without me.
And I think this is the biggest bottleneck for entrepreneurs where they actually think that they are the best at everything from their company and figuring out how to leave the company while it's just working. That's the biggest challenge. And what I found I read a book called the E Myth, which is the entrepreneur myth, where he talk he talks about Michael Gerber talks how the technician is the person that actually does the work, which you were talking about earlier.
Yep. And then the business owner is the one that actually puts the people in the right seats. So that a company can operate without them. So I it's funny. I actually read this book before, and I got bored. And then Wrong time. Wasn't an it I had tried to read it, like, 10 years ago, and I got bored. And then now when we started this Airbnb Management company, I realized, like, man, we have had about 10 properties, and it was a lot of work.
And I was running around, like, crazy answering calls 247 Right. Man, there's gotta be a better way. So as my brother, he's, dude, you should read the emails. I told you 10 years ago, read the freaking book. It's right there. So I read it, I start watching some YouTube videos on it, and I'm like, okay. Done. I realize that I'm actually the marketing person. I'm the customer service person. I'm the accountant. I'm the lawyer.
I'm everything. So I decided Chaz the second best decision I did is I hired a an assistant who became my my general manager. I'm basically the chief operating office officer at the company. Yeah. And I had to give up all the money I was making on my own. To fill that position and making that was the hardest, but the best decision I've done for sure.
Yeah. And so in that decision, obviously, like you said, it caught you a lot of money or at least upfront, but then I assume with you being free to go do the things that are best suited to your skill set in time that the business has grown. Correct. Yeah. We went from having 10 properties to having about now we have about 30 properties, and we went from making, we were making about $300,000 a year. To this year, we made 1,200,000.
So we 4 x the business from what I was doing on my own, what I could do with the team. The last one here is that if you can swallow that that that pill of giving somebody your salary for a little while, Yep. Just make sure you hire somebody that's capable and that understands your vision and that they're willing to drive the company with you. And then once you have all this time available, now you have to go and and get more business so that you can generate extra revenue so that you can pay.
So I think one of the biggest things that I've noticed from even other masterminds and just talking to other entrepreneurs is to see that cost of the assistant, Chaz first person, like, if you're by yourself, running a company and you're just going Chaz, your very first hire needs to be an assistant. It's gotta be somebody that's gonna take on all the admin work that you're not very good at, that takes you a lot of time, and you can always hire somebody.
And if they don't work, you can just replace for someone else. Right? You don't have to see it Chaz, let's say, the cost is a 100 gram a year. Don't think of a 100,000. Think of a 100,000 divided by 12. And what would be your monthly cost of that position Yep. And how much time you'd get back to go and get more business. So when you look at it that way, it's actually not that expensive. Yeah. Hey, Kings and Queens. Chaz Wolf. I wanna talk to you about something that's super important to me.
We put a lot of time and effort. We, meaning myself and my team, into this podcast into the content that goes out every single day. And if you have been getting any sort of value or insight from this, we want it to be able to reach other business owners too. So we would love if you would like, comment, share, leave a review, post, share again, all of the things. On social media, on all the different platforms, or even on the podcast mediums of Apple and Spotify.
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I love that that that not only just the mindset of breaking it down, but also too, I think that what you said earlier as far as having it for period of time, a short period of time. I've done this example with several entrepreneurs. I've I'm in the process of doing it right now with one of my companies. It's okay. So this company is at this level. It it needs to go here, but in order to really get there, I need this specific person in place, which is gonna cost this.
But as soon as I make that move, it's gonna then give me the ability to take my skill sets. Like, I have done in so many other businesses to be able to go grow the top line, the revenue piece. And that's how it works. It's a given it's a given take. And so I I love the way that you said that. Yeah. It's not even a cause. It's more of an investment. I think people think of an investment as, okay, stuff. Like, I'm gonna invest in a vehicle. I'm gonna invest in equipment. Right.
I'm gonna invest in software, but you don't think I'm just gonna make me money. Yeah. But at the end of the day, companies don't run themselves. They have people there. You just gotta make sure you get the very best talent that your dollars can afford. Pay them really well. One of the things that I've actually started to implement from some of my mentors is to try to figure out how to he said, if you wanna be rich, figure out how to make your employees rich, and then you become rich.
And it's always stuck with me. Now I I think of every time I bring somebody in, I'm always thinking, how can I pay them, like, a lot more than my competition? That's really my focus because I know if I take care of them, they'll take care of the company and It's just something that is gonna happen on its own. A 100%. Yeah. I think the other thing too to think about that you just described, I mean, this is I'm just pointing this out for the listener. Is it when you think in longer sets of time.
Right? If I'm really gonna try to grow this company over the next 12 months or 36 months or 10 years, then this hire today, like you said, it costs me something, but it's an investment in the 10 year vision. And if I'm trying to build something that's sustainable, then this is just a piece to the puzzle that has to go in. And if you're at that if you're at that, you know, that stage in the puzzle, then you can't operate the next peace without it. So For sure. You're a 100% right.
Okay. Let's flip the coin, though. Tell me about a bad decision that you made that just was debilitating to the business. I think that, to my current business or the previous And, you know, I'll tell you about that. When I was when I did the when I was running my Kite surfing school, I hired a general manager and I made a mistake. I had promised him to give him a profit share of the business. That was one of the ways that we were I was gonna compensate him for for driving the business.
And the idea behind that is that I wouldn't have to pay him that much money upfront, and he would be more like a salesman. Right? And it there was some truth to that. There was it actually made sense, but it wasn't very clear. It wasn't all in paper. I hadn't created proper expectations of what it was. So he did a really good job at first.
But once the business started taking off, now he wanted to be, like, more of a limited owner, limited partner type where he wasn't even showing up, And his role was to general manage the whole business. So they Hard to do that if you don't show up. Yeah. I started realizing he wasn't showing up. Sales were dropping, and I was wondering what happened.
And I think that what happened is I didn't I hired a really good person that had the skills that they wanted to grow, but I wasn't very clear in explaining to him like, hey. Listen. This is your Wolfe. And the moment that you step out of your role, I have to replace you. Someone else because I'm not gonna go back and become the general manager. And then the other thing that happened was that with the profits, I hadn't really figured that out properly.
And when it came time to pay the profits and we didn't have any money on those off months where we're not making any money, he still wanted to get paid profits. And I I had to go back and say, bro, like, there's no money. Like, I think that the mistake was just not making things very clear. So now when I hire people, I let them know that that gotta be, like, a really clear moment that we're very clear on the direction of the of what we're trying to get to.
Yeah. Yeah. The expectations are everything. For sure. And I think a lot entrepreneurs can relate to this. I can relate in having a different leadership positions over the years. Even in current companies right now that we're building, it's like there's there's changing water So it's never it can it should be clear, but sometimes it changes is my point. And so I think that Chaz long as you're in good communication, but still, good communication Chaz part of good expectation.
I think you're making a great point there. What do you think? You've said a couple things here. Like, if the hiring of the people, and I've I've had to be honest, the person that's listening right now, 6 figures, They've probably hired a few other people, but maybe not that key role. And so even in the previous business that you said that you don't even have anymore, you hired key role of a general manager and or a lead partner almost.
What do you feel like has given you the confidence to be able to go hire that type of a person who you're gonna share a profit with, or maybe someone to just pay a really good salary to. Like, how's that how have what have you gone through to give you that level of confidence? It was mostly pain. It was pain of having to scramble. Man, I wanna have a life. What's the point of making money and, like, making all this money where I can't really enjoy it.
I can't really and it it's also like a combination of, like, when you start listening to other mentors that have been there and done that, And they say, listen. Do you wanna be the technician or you wanna be the owner? For me, I've always been like, no. I want to experience being the owner. And then they say, if you wanna be the owner, you gotta act like it. You can't be picking up the phone call yourself. You can't be, like, meeting the people in person.
You gotta be, like, the owner where somebody's coming in, and they are measuring certain metrics or KPIs, whatever you wanna call it so that, you know, that you actually own the business. The business doesn't own you. So once you start, like, having conversations with people that are at that level and they're obviously having bigger companies, you realize that this is how they think. Right? They think about how do I put somebody there? That can do the work and not myself.
So it's more of a the confidence came from pain, and it also came from education through mentors like yourself and other people that have been there and learned, done that through YouTube channels, social media, etcetera, and just applying it. I figured the worst that can happen is doesn't work. I can always go back and run the business, and I know it's gonna work.
But then I started having these visions of what life could be like if I became the owner, and all the things that I could do and all the things that I would be capable of doing. And then when I started having those visions, that became more exciting than being the the star of the show. The star of the show is cool. As long as you don't have ambitions of going bigger, but the moment you wanna go bigger, being the star of the show is the thing that's holding you back.
So that's, for me, was the biggest thing. That's huge, man. I love the perspective there of the star. I think Chaz, we all like to read our own press clippings, but you're right. The business owners facilitator of the whole thing. He doesn't have to be the guy. Okay. I wanna go to the speed round here. You just mentioned KPIs, and you just mentioned having this ability to track things as a business owner. So I wanna know if you dwindled it down to one metric, literally just one.
What would the one metric be that you would track inside your business forever and ever? In my business, I would say reviews, like, reviews, for, hospitality business and short term rental business is the one metric that tells you that your business is delivering to the customer, delivering to the guest. If you have really good reviews, that means you're offering them tremendous value. Right?
So that's one metric that I would always if it that's the, like, basically the most important thing where it comes if you think of a restaurant, the best reviewed restaurants always do the best. They get to charge the highest prices. They have lines out the door. So the same thing is for accommodations. If you have the best reviewed hotel or Airbnb, that means you get to charge more money. That means you get you that means you're cleaning it properly. That means it's getting managed properly.
People are happy. So that's the one metric for sure that you gotta focus on. I love it. Love it. Yeah. Reviews are huge for any business, honestly. Uh-huh. But, yeah, you're right. For short term rental, it's it's definitely the lifeblood. That's for sure. Okay. So you've already mentioned E Myth. Would that be the book that you recommend that a six figure person read, or would there be another one that you'd also throw? I've read a couple of really life changing books.
The first one that I read before that one was the 4 hour work week by Tim Ferris. So this book was awesome. I read it when I was started my kite school, and I was traveling the Wolfe, and I got this concept where I could travel the world, hire an assistant, and do all these cool things. So that's always stuck with me.
The rich Chaz poor dad, if you're into real estate or if you're entrepreneur and you need to understand how the tax code was created for landlords and for real estate investors and for big business owners. If you don't understand this, you gotta read this book. This book has single handedly change so many people's lives and perspectives when it comes to the game of economics on the world.
I also the email is a great book for somebody that's running a company, and they feel they're running around like Chaz, and they don't know how to get out of Chaz, and they want to be able to get to the next level. Yeah. For sure. I just read a book called that $100,000,000 offers by Oscar Mosey. Yeah. Great book. Have you read that book? Yeah. Great book. It's amazing book. Yeah. It tells you about how to create a an offer that is so compelling.
I mean, such a fantastic offer that you would be stupid not to take it. So now now I start thinking about how can I apply that into my business in the future? And how to on commoditize something so that you can even compare it to something else. So, yeah, man, I think that, There's so many books I've read. I can't even, like but, yeah, you've given you've given a ton in that quick answer. I think that my my producer's gonna have a hard enough time just listing those. I think it's great.
All those books literally, I've read all of them, and most of them read them multiple times, and I highly recommend all of those. I love how you gave a quick synopsis on each one. Just that in itself was valuable. Yep. For sure. What you've already mentioned? You've mentioned a couple times, a mentors and masterminds. Do you find value in Master Mining or networking with other Yes.
I 7 months ago, I was I felt like I had hit a plateau in my business, where I could I wanted to go from owning single family, like apartments and houses, etcetera, and getting into the commercial space. Right, buying apartment buildings, essentially, and hotels. And I just don't know anybody that's done that in my network, but I knew I wanted to do it. I'm sure there's other people that are are doing it. So I started researching. How can I do this?
And I bumped into a couple of masterminds that are for multifamily investors. Yeah. I hopped in on a a weekend seminar. I learned a bunch of tactical information I loved it. It made me realize that I actually need to be even closer to these people so that I can accomplish what I want. There's no way that I can just from a course do this stuff. I gotta be, like, very close to them. So then they had a mastermind.
They had a couple of masterminds, lined up, and I've learned, like, basically, I would say more than I've learned in my last years of entrepreneurship in a matter of about 6 to 7 months, Wolfe.
In terms of really how to do this game properly, when it comes to partnerships, when it comes about, comes to understanding how to offer value, to other people instead of having to take and try to extract information from other people Chaz much, giving gifts to other people giving them your time, doing social media, the impact of social media, and a purse, developing a personal brand. So it's just been like, monumental value.
Joining a mastermind, if if you're really serious about getting to the next level, you this is the single best investment you can do. Yeah. I agree. Networking relationships, the knowledge, what you don't know, who you don't know, all of that is available on the other side. Yeah. Exactly. Okay. I got one question for you here, and then we'll go to the very last one. I wanna make sure we get it. We got them both in.
If you only had 1 hour, to work on your business, maybe bring a little Tim Ferris mindset into here, but 1 hour per week. K? 1, what would you do in side of that 1 hour to successfully run your business like you do now.
I would figure out what are the top 3 to 5 things that that are going to impact the business positively when it comes to the current operations and the future, like, tasks and goals Chaz an example, I mentioned earlier, checking the reviews, that would be one good metric that I would wanna sit down by management team. And I would like to look at the reviews, how we're doing.
I wanna look at, you know, how much money we're making if we're on track to hit the goals for the month and what we're doing in the next spring. So I would figure out that 1 hour I would make sure that my team can give me a snapshot view of what's going on in the business, and I would spend a little bit of time verifying that information to make sure that they're that it's true. And I think that would be a good way to spend my hour. And then I would go have some fun in the water.
Go kites or something. I love it. That's good. I gotta have a little fun in there. Okay. Last question, Juan, if you lost it all, no more short term rentals in Puerto Rico, what would you do? That is a very good question. That actually doesn't scare me much. And the reason is because all of my expertise in my brain, as long as I I have still this working, my head is working, and I'm still motivated. I think at the end of the day, it's all about connections.
And the people, you know, depending if you have a really good network of people, you have a big network all the time. So I would say I would start reaching out to people that I know that are having some sort of business, and I would offer them free value, right? I would just offer them whatever it is that I can do for them. I would just do it for free.
And I think that would be the single best way of of getting something going again would be to go after the players that already have companies that are producing income. And I would say, hey. Dude, I have some time. I would love to offer value in your business and let's say if it's marketing, sales or even the service itself. I'm not I don't want anything to get anything out of it. I just wanna bring this about it.
And then I would just let that organically become something again of, like, another business. I love it. Love the answer. You've been, I just say, huge value here. How can, you know, one of the listeners, how can they reach out to you, Juan? How can they find you on social media? Yeah. I'm on Instagram under the JC Morales So DJC Morales on Instagram, Facebook. I also have a YouTube channel under Juan. That's with the J Juan Carlos Morales or Juan Carlos Morales for those Chaz speak.
And, yeah, man, if you wanna connect with me, send me a DM. I love to meet you. And let me know what you got going on, and I'm happy to answer any questions, make videos for you guys, whatever he wants. That's awesome, man. We appreciate your time. It's it does not go unnoticed. And for the listeners here today, just before I exit, Juan has been standing in front of this beautiful island there on his wall. You haven't gotten to enjoy it like I have, but the guy obviously has a ton going on.
I want you to reach out and connect, but, one, we wish you absolutely nothing but success, man. You have been incredible. Thank you so much for being here. Thank you, Chaz, and keep crushing it. And I look forward to doing another one with you in the future. Yeah, man. Thank you for listening to gathering the Kings today. I hope they you were able to pull out a few nuggets to go apply into your business right away.
More importantly, though, I hope that you're realizing that it takes more to be successful than just being by yourself, doing it all on your own, carrying the weight all by yourself. What I have realized, not only in my own journey from multiple business and multiple different industries and now interviewing literally over 2 or 300 other very successful 7, 8, and 9 figure business owners is Chaz It's tough to do it alone.
And so gathering the Kings literally exists to bring together successful entrepreneurs. In fact, we are putting together 1 1000 kings, specifically who are grateful, but not done. We're intentionally assembling kings who fight tooth and nail for their business, family, and communities, and here's what we believe Chaz in the pursuit of excellence in those areas, that it ignites within us the responsibility to govern power and forge a lasting legacy. So if that relates and and resonates with you.
And you know that you need people around you, sharp, qualified other very successful business owners. I want you to go to gathering the king's dotcom. I want you to take a look at what we're doing and see if it makes sense for you to be part of our pursuit. To 1000 kings. Talk soon.