Episode 235 – Chad Wittfeldt – Does Everyone Have To Work Hard?
Going Beyond The Profits And Building To Sells with Chad Wittfeldt Many business owners often find themselves immersed in the process of creating a business or investment opportunity without first ensuring that there is a genuine demand in the market for their product or service. It’s easy to fall into the trap of thinking solely about “What you can get,” focusing on personal gains and profits rather than genuinely caring about the needs and desires of potential customers. However, the key to lasting success lies in the shift from this self-centred perspective to the breakthrough question of “What value Can I Bring?” It’s about understanding that nobody truly cares how much you can help until they know how much you care about their well-being and satisfaction. In this episode, Chad Wittfeldt shares his entrepreneurial journey, what has worked for him, building strategies that go beyond the profits and why it is essential to create an exit plan while you’re still in the process of building and creating. Chad Wittfeldt started his entrepreneurial journey at a young age by starting a landscaping company and electronic arbitrage business in his teenage years. He quickly focused in on investing in the equities & currency markets. Chad later became a full-time investor and real estate entrepreneur in his twenties. Today, he’s partnered on over $30,000,000 in real estate syndications. Tune in and get insights on how to be a forward-thinker, pitch yourself for success, build a business that sells, and ensure your strategies align with your long-term goals. Let’s jump in! Key Highlights from the Episode; [00:01] Episode intro and what’s in for you today [01:25] A bit about Chad’s backstory and what inspired him to be different [05:15] Overcaffeinated hunger strategy and how it helps Chad accomplish and conquer [07:40] Chad’s favourite coffee and how he takes it [10:37] Chad’s first business and how he evolved into the business he has today [12:39] What Chad is working on right now in his business [14:08] Lessons Chad has learned from pitching and being pitched to [19:41] The trap of “What Can I Get” and the breakthrough of “What value Can I Bring?” [22:51] Chad’s advice to anyone trying to prove a model but is trapped in the oversight [26:06] Things Chad has been working on and involved in the past few years [29:00] Creating an exit plan while you are still building and creating [31:13] How to reach out, connect, and find out more about Chad [32:18] Golden takeaways from Chad that you can start implementing today [35:45] Chad’s next morning coffee dream location and the person he will have it with [37:19] Wrap up and end of the show Notable Quotes * Everybody works hard, but that doesn’t necessarily mean working smart. – Chad Wittfeldt [02:52] * Most people get caught up in creating a business or an investment opportunity instead of having the market proof that there is a market for their product. – Chad Wittfeldt [14:20] * Being open, honest, and unequivocally yourself will get you further along. – Chad Wittfeldt [16:33] When looking at pitching, we are always trying to think about what we can get rather than what we can give and the value we can bring. – Simon Meadows [19:22] Nobody cares how much you can help until they know how much you care. – Chad Wittfeldt [19:46] It’s always the boring things done over and over again that get you the results, but everyone wants the new and shiny things. – Chad Wittfeldt [25:14] If you can’t walk away from your company for 6 months and still produce revenue at or above the same rate, you don’t have a business; you have a job that you own. – Chad Wittfeldt [29:32]