Episode 108: The Healthy Side of an Economic Downturn with York Baur

Economic recessions are part of the business cycle.  And as depressing as that may sound, recessions have an effect that the economy can benefit from.  Just like how clearing the forest gives way for new growth. That is why finding your grit is extremely crucial especially during a crisis such as market crashes or downturns. Because it allows us to confront challenges, pivot as needed, and keep moving forward. Brian Charlesworth joins York Baur, CEO at MoxiWorks, as they share insights on what it takes to survive and thrive in a downturn, the role that the real estate industry has to play for its consumer, and why it takes an ecosystem of products that come together to provide the best customer experience. Top Takeaways: (03:01) The importance of having grit (05:34) York’s advice for real estate business owners during these uncertain times (13:11) Why the real estate industry needs thought leaders for the consumer  (14:34) Why you need to be greedy when others are fearful and be fearful when others are greedy (21:59) One of the biggest challenges that the real estate industry faces (23:33) The genesis of MoxiWorks (25:51) Why building technology for your own brokerage is a bad idea (29:17) The value of providing an open platform to bring the industry together (30:50) Why you should not confuse strategy with tactics and execution (35:48) What the real estate industry can learn from a Harley motorcycle Connect with York Baur Email: [email protected] 

About the guest:

York Baur has a degree in computer science and has been a technologist for most of his career.  He has helped exploit technology for the betterment of businesses.  Throughout the years, he has developed a strong passion for the science and automation that could complement the human element of selling and marketing. He believes that the key to a successful tech product is to have computers do what computers are good at so that the human can do the thing that only a human can do. In 2012, York joined MoxiWorks, an open real estate platform for brokerages. Since then, he has grown the company 10X and expanded to over 800 brokerage clients and growing, serving over 400,000 agents that makeup approximately 40% of all residential real estate transactions in the U.S.