Terry Thayer started off his real estate career the wrong way. He was working hard and not getting a lot out of it. He realized that there was something off about the way he was running his life. He made a business off of trying to change the way people go about real estate. This is his story.
“A lot of my business success was developed by building the right team around me. I don’t believe in self-made; it takes a team. I used to struggle with trying to find the right people to hire and would often get into the hire, fire game until I found the right person. Ultimately this ends up costing a lot of time and money. I have since developed an automated way to hire and bring in the right person every time and take a fraction of time and money that it used to.” Explains Terry.
When Terry began his career in the real estate industry, he realized it was just another high paying job. He was working 100 hours a week, exhausted, and still not getting enough out of the business. He realized that there was something off about the way he was running his life in terms of how much effort he put into the job and what he was getting out of it.
“I started my journey after moving to Raleigh, NC in 1995. Since then I have been a husband, father, carpenter turned into builder, and ultimately entrepreneur. I now know that I actually own my business vs my businesses owning me. When I started, it was just a high paying job and I had no life. I love what I do, and I do it on my terms.” Recounts Terry.
Now, Terry helps teach others about gaining their own financial freedom on their own terms. He shows people how to make money without losing too much of their own free time by maximizing their efficiency throughout the day. For him, it is important that people continue to make money, but continue to be more and more efficient and build tems to create duplication. You always have the opportunity to make more money but you will never get more time.
“Now, I get to teach others to not make the same mistakes I made that cost me a ton of time and money. I can always make more money, but I will never get more time. I have learned how to duplicate time with everything I do. Mentoring people is a passion and a choice. It is probably the one thing I spend the most time on and make the least amount of money from. This is the one thing I don’t mind doing myself.” States Terry.
Terry has also made himself more successful by streamlining his processes and automating them to save him more time and money. This gives him the freedom to create other opportunities and spend more time doing the things he loves.
“I have been a residential real estate investor since 2002 and have closed over a quarter billion in transactions since then. No matter what business I start, I find a way to automate it so I can do things that I want. In real estate we do things big in the residential space. I would like to be perceived as the guy who helps entrepreneurs scale and automate their business.” Says Terry.
Terry plans to continue his real estate business in the future and will continue to guide people on their own entrepreneurial journeys. He had to face numerous challenges and had to face them mostly by himself. His mission is to help as many entrepreneurs as possible so that they can avoid doing things the hard way. Because he learned the power of mentors himself, he is now giving back by being a mentor for others.