Episode 81: Interview with Nick Ruiz
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About Nick Ruiz
Nick Ruiz is a TWICE self-made entrepreneur who started out in real estate in his late teens and built a multi million dollar net worth by his mid-twenties. The big housing collapse and economic crisis of 2008 crushed him and eventually forced him into bankruptcy. After being completely down and out for a short period of time, he quickly applied the psychological strategies and wisdom he had gained from his years of business experience and bounced back.
Soon after the bankruptcy, he was able to build and scale his business back very quickly. Because of starting from complete scratch the first time, and starting again after complete financial disaster, he is able to show people how to create success from scratch no matter where you’re coming from. Since then, he has also built a very successful education business from scratch where he teaches people how to create financial independence.
Because of starting from complete scratch the first time, and starting again after a complete financial disaster, he is able to show people how to create success from scratch no matter where you’re coming from. Since then, he has also built a very successful education business from scratch where he teaches people how to create financial independence.
3 big ideas discussed in this episode:
- How I created success from scratch after the economic collapse.
- How success is taught of us early on.
- Why evolving as an entrepreneur is invaluable.
Hosted by Jeremy C. Jones
Connect with Nick:
- Twitter: https://twitter.com/nrbiz
- Facebook business page: https://www.facebook.com/alphahomeflipping/
Success From Scratch:
Building yourself up from scratch or even bouncing back after a hardship is never easy.
However, there are certain principles and mental strategies you can do for success in a survival of the fittest environment. Take it from Nick Ruiz. Nick is a two-time, successful entrepreneur who began in real estate and sculpted a multi-million dollar net worth by his mid-twenties. Because of his psychological strategies and determination, he still managed to build his business back after bankruptcy during the economic crisis of 2008.
He then created an education company before writing his own book dedicated to teaching people success specifically in real estate and just being smart entrepreneurs.
Ruiz was raised in a business minded family which lead him to working in a small family retail business. Early on, he found his passion for the art of buying and selling. He then decided that he loved salesmanship and planned on giving his all to better himself in sales. His mental attitude created a way for him to continuously improve because he knew from the start that his desire for sales was all about his drive and not perfection.
In his book, Ruiz explains that to succeed in sales, you must have drive. If you want to be in the business, you need to make “rough draft moves,” meaning that you should already be mentally preparing yourself to make mistakes and stumble through. He emphases that it’s self-fulfilling to keep making these moves and if you work hard on this path, you will succeed. Unfortunately, there are no set rules or ten steps to become successful.
You need to understand where you come from, how you have been conditioned and how you can migrate out of your comfort zone and make these rough draft moves towards success.
During the financial crisis of 2008, Ruiz was out of luck and bankrupt. Many of his colleagues had decided they were ruined and there was nothing else they could do. So, they got eliminated from the business while Ruiz was determined to adapt and evolve.
His Big Idea #1 is to embrace evolution. Unexpected turning events are bound to happen every once in awhile. While the financial crash devastated many people, Ruiz embraced the change and ended up having the greatest growth of his life from the crash.
Ruiz likes to think of himself as the “success from scratch” guy. Whether it’s creating success from economic scratch or even knowledge scratch, he can figure it out. Soon, all of his colleagues were asking him to help guide them. From there, Ruiz began educating others to help shape them into more savvy entrepreneurs.
His Big Idea #2 explains that success is taught out of us all from early on. At an young age, kids have a type of raw human nature, meaning that they keep going and get up even after falling down. That being said, we are hard wired from the beginning to eliminate pain out of our life in order to avoid rejection. As you grow up, you meet new people who tell you “You can’t do that! Stop dreaming!” When you meet people who don’t support your dreams, your nervous system rewires itself and settles for making yourself comfortable instead of trying new things and going for your goals.
Most people don’t even know this is happening to them or has happened. Ruiz refused to accept this thought process and describes in his book how to first acknowledge this and then move forward to create stepping stones towards your goal. Now, it won’t be easy and you may even find a new path along the way. But the only way you’re going to get remotely close towards your goal is if you take the leap and risk getting your feet wet.
Ruiz’s Big Idea #3 explains that evolving as an entrepreneur is invaluable. It is crucial to be externally aware of your strengths and weaknesses. Being an entrepreneur means sailing in commonly uncharted territory. You don’t always know where you’re headed and are mostly going in the blind. Recognizing you don’t know where you’re going is mandatory.
Allow yourself the permission to make mistakes. Take those mistakes you’ve made and think of it as a lesson. After a year or so of making these rough draft moves you will then gain confidence. And the more confidence you get, the easier these difficult tasks become and the better you become. Don’t look towards the macro goals-money, travel and fame. Focus on the micro goals and take each step one by one. Understand that challenges will come but stay focused on your path, not anyone else’s.
Ruiz’s book explains the skills needed. Whether you grew up in a family of entrepreneurs or not, you can require the set of skills by learning in an environment and gain experience in. Your background makes no difference, so don’t feel discouraged. Some people look at the whole process for success and it scares them right away.
Aim for your rough draft moves instead of perfection and understand that what was working yesterday will not always work today. So take it from Nick Ruiz. Get started from scratch and do as many rough draft moves as required to succeed.
Article written by Kaylee Tyner. Kaylee is a content contributor and editor with Jones Media Publishing.
TIPS FROM OUR LISTENERS: What is your best tip for growing a business from scratch, as an entrepreneur?
Allen Levings: “As an entrepreneur, my best tip is to realize that you will fail. You will have ideas that dont work. You will try marketing channels that turn out to be a waste of time.
Reframing those fails as learning experiences though will get you on to the next idea and the next step. And it could be the next step that is your breakthrough.
No matter what, take that next step. You dont want to give up when it could be the next step that is the right step.”
Bill Angelos: “I think one of the biggest things someone can do is read the book 80/20. It doesn’t give you insights as to where to start from, but once you’ve taken some action it really helps you build a plan as to where to go from there to maximize how you spend your time and money to grow the business.”
Laird Lucas Olson “Don’t Panic”
Stephanie Scheller Dupré: Best tip for growing a business from scratch? Do not spend money on stuff you DON’T need to spend it on. The best way to do this is keep yourself surrounded by experts and experienced business owners to help guide and advise you and if you have to pay for their help, *that* is an okay expense! Buying a billboard or TV advertising campaign, fancy clothes, cars or unneeded personnel with the last penny in your checking account is not.
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Hosted by Jeremy C. Jones
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