My 33 Years of Business Mistakes in 11 minutes

Ken McElroy talks about valuable lessons from over three decades of business experience, focusing on the importance of staying dedicated to one's niche and avoiding the common pitfalls of diversification and dilution of efforts. Ken touches on the importance of strategic focus, financial discipline, and the critical need for adaptability in business, offering concrete examples from his own journey.

Ken has a real estate strategies podcast! Follow your favorite platform each week.

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.


Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.

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[ChristopherAbelman]

I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[StreetSmartMillionaire]

To you youngsters out there don't leave this channel without becoming a subscriber. Ken is the real deal.

[MarcelMcGowan]

just sold a property in London and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[josephbatta]

Stay in your lane.. I had a customer wanting a detached garage built. He was a dentist. He told me im too high and he wanted to do the job himself. I said great.. he asked me who my dentist was. I said I don't have one. I do it myself..
This really happened..

[FlipWithKelly]

4. Follow the Moola.... Wen bidding a job, make sure your Proposal has enough meat on the bone. Unless you wanna donate your time, money, energy... factor in your T&M including overhead.

[adriennefoxtrot]

This is the best business guidance I have seen on YouTube.

[rccpromotions]

Thank you for your humility and sharing the mistakes. I think that's the most valuable thing that a content creator can provide.

[somjrgebn]

Mistakes and learning what NOT to do is far more valuable information than what to do. Every decision has price once made, so it's best to avoid the fatal ones.

[investorgreats]

This was great stuff! It's uncommon that somebody is straight talking on YouTube! 😀

[Marlonorellana]

Kenny way to go! thanks for sharing these gems. Your breakdown of "follow the money" was something that took me way to long to understand. I was so focused on one off projects over LTV.

[karmba]

Thank you! Super focused and down to earth 🌎

[Start_With_You]

I cannot believe this video only has 92k views! The information is priceless!!!!🎉

[Puravidaselect]

Thanks Ken. You are a great teacher and mentor!

[MistehbigPants]

Thanks for the to-the-point presentation of you great advice, I really appreciate the format and the advice given

[clintonmurakami]

Thank you so much for sharing your knowledge.

[leadgenjay]

Ken's emphasis on strategic focus is spot on, especially in real estate investing, where it's easy to get sidetracked. A key tactic is to leverage data-driven decision-making, using market analytics and forecasting to pinpoint emerging neighborhoods before they peak, maximizing ROI while mitigating risks.

[muhammadasiffarooqi]

Thanks, you feel really natural as compared to fabricated business people on youtube

[dubblyewjay]

I listened carefully to your session on insurance and LLC's. I was so blown away when I realized just how exposed we are. My question is: how best to leverage our property as we are thinking about buying a foreclosure and renting out our primary residence even though we are on fixed retirements. (My wife and myself are in our seventies. Thoughts?
p.s. Grabbed both your and Mauricio's books. Thank you.

[adventurebabyboomer]

Focus is very important (stay in your lane).

[andreaslingue]

Success is doing what you want to do, when you want, where you want, with whom you want, as much as you want. That takes time