Pay or Quit
Shawn Austin Johnson
the podcast for entrepreneurs and business owners ready to face the raw truth of what it takes to succeed. Host Shawn Austin Johnson goes beyond polished success stories to explore the real, often messy, and challenging aspects of business ownership.
This podcast is for those who feel isolated in their entrepreneurial journey, battle imposter syndrome, or face burnout. Shawn offers candid insights and isn't afraid to tackle tough conversations on what truly matters in business.
Expect in-depth discussions, spicy takes, and interviews with guests who aren't afraid to confront the hard questions. Tune in weekly for an unfiltered look at entrepreneurship. It's not always pretty, but it's always real. Buckle up!
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Top 10 Pay or Quit Episodes
Goodpods has curated a list of the 10 best Pay or Quit episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Pay or Quit for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Pay or Quit episode by adding your comments to the episode page.
S1: E4 CEOs that Succeed Have These
Pay or Quit
08/05/24 • 52 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Welcome to Pay or Quit, the podcast where Tony Cline and Shawn Johnson dive deep into the real secrets of property management—from landlord-tenant relationships to investment strategies and everything in between. In this episode, we tackle the resilience of successful CEOs, future impacts of AI on business, building impactful marketing strategies, and the ins and outs of selling a property management firm.
🔥 **Topics Covered in This Episode:**
1. The key factors that determine CEO success, based on an extensive Harvard Business Review study.
2. Understanding AI's rapidly evolving role in business and reality.
3. Effective strategies for engaging your team and adapting to changes.
4. Maximizing the value of your property management firm when selling.
5. Types of property management entrepreneurs and their unique approaches to success.
👉 Whether you're a seasoned property manager or just starting out, Tony and Shawn provide valuable insights and actionable advice to help you thrive in your property management journey.
✍️ **Show Notes & Resources:**
- Harvard Business Review Study on CEO success: https://hbr.org/2017/05/what-sets-successful-ceos-apart
- Real-world examples and personal anecdotes from Tony and Shawn.
- The referenced video from the 2008 Election and social media companies: https://youtu.be/IzF7nBmwPso?si=RJnH8CvzgWRfB07C
🔔 **Subscribe and hit the bell icon** to stay updated with our latest content! Don't forget to like, share, and comment on your thoughts below.
#PropertyManagement #CEOSuccess #BusinessStrategy #aiinbusiness #Marketing #realestate
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00:00 Introduction to Vision and Communication
00:31 Welcome to Pay or Quit Podcast
00:59 Exploring the Future of Truth
06:01 Impact of AI on Business and Marketing
16:37 Planning Your Exit Strategy
25:51 The Importance of Reputation in Acquisitions
27:13 Types of Property Management Entrepreneurs
27:44 The Real Estate Agent Turned Property Manager
30:00 The Investor Turned Property Manager
31:07 The Franchise Owner's Dilemma
33:41 The Property Management Employee Turned Owner
34:25 What Sets Successful CEOs Apart
37:34 Deciding with Speed and Conviction
40:24 Engaging for Impact
43:37 Adapting Proactively
45:56 Delivering Reliability
49:07 Building Championship Teams
51:01 Episode Wrap-Up
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
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10/21/24 • 36 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Redefining Success: Courage, Health, and Financial Wisdom with Tony Cline
In this episode, Tony Cline delves into his redefined vision of success, emphasizing peace, morality, and quality of life. He shares his battle with celiac disease, detailing the misdiagnosis struggles and the importance of core values and courage in business. Tony reflects on pivotal life moments, the significance of consistent effort, and the lessons learned from mentorship and personal relationships. The conversation also highlights the importance of delegating, embracing discomfort, and the impact of a supportive community.
00:00 Defining Success: Inner Peace Over Wealth
00:44 Welcome to Pay or Quit: Meet Your Hosts
01:11 Tony's Interview: A Deep Dive into His Journey
02:21 Pivotal Moments: Personal and Entrepreneurial Challenges
02:48 Health Crisis: Battling Celiac Disease
04:35 Finding Solutions: The Road to Diagnosis
09:49 Delegation and Control: Lessons from Illness
12:28 Redefining Success: Peace and Values
15:29 Core Values: Courage and Belief Systems
18:25 Balancing Beliefs and Company Values
19:36 The Importance of Core Values in Business
21:31 Aligning Ambition with Personal Well-being
22:04 The Real Ultra Marathon: Growing a Podcast
23:19 Finding Your Tribe and Ambition
29:47 The Role of Family in Entrepreneurial Success
32:38 Advice to My Younger Self
34:31 Closing Thoughts and Gratitude
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
07/22/24 • 47 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Navigating the Complex World of Property Management
In this episode of 'Pay or Quit', hosts Tony Cline and Shawn Johnson delve into crucial aspects of property management, emphasizing the importance of proper timing when implementing value-associated fees and the pitfalls of fee maxing in the property management industry. They explore how bad timing can leave landlords with negative experiences, leading them to either sell their investments or manage properties themselves. The discussion also covers why real estate agents attempting property management and landlords who don't treat their investments seriously make the worst property managers. Furthermore, the hosts share their insights into recent books they've read, highlighting themes like organizational growth, personal development, and strategic innovation in business. They tease future topics, including the intricacies of a specific trademark, multifaceted benefits of real estate investment, and setting effective company goals.
00:00 The Importance of Timing in Value-Associated Fees
00:21 Introducing 'Pay or Quit': The Property Management Podcast
00:45 Diving Into Today's Hot Topics in Property Management
01:44 The Personal Side: Running Ultra-Marathons and Building Value
03:45 The Controversial World of Fee Maxing in Property Management
04:23 Unpacking the Fee Maxing Strategy: A Deep Dive
07:23 The Impact of Legislation on Property Management Practices
11:40 A Personal Journey Through Fee Implementation and Its Effects
17:25 Maximizing Value: A Strategy Beyond Fees
18:24 Unpacking Value Maximization in Property Management
18:47 The Pitfalls of Fee Maximization and Its Impact
20:25 The Dream of Fluid Agreements in Property Management
23:34 The Worst Property Managers: A Candid Discussion
25:41 Expanding on the Worst Property Manager Traits
30:04 Diving Into Recent Reads: Strategy, Focus, and Insight
31:56 Personal Growth Through Literature: A Trail Runner's Perspective
35:51 Teasing Future Topics and Wrapping Up
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
10/07/24 • 44 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
From Alpaca Shearing to Real Estate Investing and Beyond
In this episode, Marty Hofmann shares his journey from an agricultural upbringing to becoming a serial entrepreneur with ventures in real estate investment and alpaca shearing. Emphasizing the importance of mindset shifts and intentionality, Marty discusses his transition from traditional to entrepreneurial paths, the interplay between personal experiences and business pursuits, and how running marathons informs his approach to entrepreneurship. The episode also discusses the challenges of managing properties, leveraging assets for business growth, and maintaining work-life balance in entrepreneurial ventures.
Check out Marty's podcast, Kill Complacency here: https://podcasts.apple.com/us/podcast/kill-complacency/id1734476089
00:53 Marty's Background and Early Entrepreneurial Ventures
02:49 The Transition to Real Estate Investing
11:07 Challenges and Lessons in Property Management
14:15 The Power of Leverage in Real Estate
16:35 Balancing Debt and Investment Strategies
17:46 The Case for Leveraging Other People's Money
18:30 Leveraging Tenant's Money for Debt
18:38 Marriage Struggles and Financial Freedom
19:01 Getting on the Same Page with Your Spouse
19:33 Analyzing Real Estate Investments Together
20:53 Switching Gears: Building a Real Estate Portfolio
21:28 Starting a Podcast: Kill Complacency
21:42 Teaching Real Estate and Mindset Shifts
22:53 Running Marathons and Setting Big Goals
23:48 Mindset Shifts Through Running
25:08 Learning from Long-Distance Running
31:30 Entrepreneurial Struggles and Lessons
31:49 Deepest Darkest Moments as an Entrepreneur
34:29 The Reality of Entrepreneurship
35:13 Opportunities and Shiny Object Syndrome
38:10 Problem Solving in Business and Running
40:21 Contributions to the World and Final Thoughts
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
10/14/24 • 44 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Chad Hymas: Transforming Tragedy into Triumph
In this thought-provoking episode, Chad Hymas shares his inspirational life story, beginning with a tragic accident that left him with severe disabilities. At the age of 27, a ranch mishap resulted in a broken neck, paralyzing Chad and confining him to a wheelchair. Instead of succumbing to despair, Chad chose to focus on his capabilities and positively impact others. He discusses the early days of his recovery, the crucial role his father played in his journey, and how he went on to set a world record by traveling 513 miles in a wheelchair from Salt Lake City to Las Vegas. Through overcoming immense challenges, Chad became a renowned speaker and mentor, touching lives worldwide with his message of resilience and positivity. Listeners are encouraged to draw inspiration from Chad's journey and re-evaluate their own perceived limitations.
Doing What Must Be Done by Chad Hymas: https://a.co/d/iMtGVsB
www.chadhymas.com
00:00 A Parent's Perspective on Tragedy
00:52 Chad Hymas: An Inspirational Journey
01:12 The Life-Altering Day
02:56 Ignoring Warning Signs
03:57 The Accident and Its Aftermath
04:29 Overcoming the Victim Mindset
05:22 The Power of Positive Influence
07:13 The Emotional Aftermath
08:44 Adapting to Change
10:40 The Importance of Perspective
18:52 Chad's Message to the World
22:03 Navigating Life's Challenges
23:12 Family and Fatherhood
23:28 Lessons in Leadership
26:55 A Father's Influence
28:58 Finding Purpose After Tragedy
33:56 Honoring a Mentor's Legacy
34:36 The Ultimate Marathon
42:25 Reflecting on the Journey
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
12/24/24 • 39 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Mastering Mindset and Financial Discipline for Wealth Building
A dive into essential principles for building and maintaining wealth. They discuss the importance of reshaping mindset, setting clear financial goals, and the power of compounding interest. They also cover strategies for reducing expenses, increasing income streams, and disciplined spending habits. The conversation highlights the balance between leveraging pain and pleasure for motivation and the importance of long-term financial planning.
00:00 Introduction to Mindset and Wealth
00:34 Welcome to the Entrepreneurial Journey
01:06 Defining Riches vs Wealth
01:34 Setting Clear Financial Goals
01:51 The Power of Vision Boards
03:53 Emotional Attachment to Goals
06:38 Adopting a Wealth Mindset
11:28 The Power of Compounding Interest
17:42 Planning for Retirement in Your Fifties
18:14 The Importance of Investing Now
18:43 Maximizing Income and Reducing Expenses
19:59 The Cost of Living and Financial Discipline
21:45 Leveraging Skills and Career Growth
27:45 Living Below Your Means
32:26 Pain and Pleasure as Motivators
35:24 Conclusion and Future Topics
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
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TikTok: https://www.tiktok.com/@shawnaustinjohnson
Your business is failing because of this
Pay or Quit
04/28/25 • 7 min
The dangers of becoming too comfortable in business, warning that complacency can lead to failure. A quick-fire challenge with five crucial questions to determine if your business is on the path to growth or just surviving. Topics include systematizing and delegating, regular price adjustments, focusing on strategic work, taking calculated risks, and planning an exit strategy. Sean shares his personal experiences and offers actionable advice to help business owners stay competitive and thrive.
00:41 The Reality Check: Why Your Business is Struggling
01:47 Quick Fire Challenge: Assessing Your Business Health
02:14 Question 1: Can Your Business Survive Without You?
02:55 Question 2: When Did You Last Raise Your Prices?
03:38 Question 3: Are You Working In or On Your Business?
04:53 Question 4: Are You Playing to Win or Not to Lose?
05:41 Question 5: What's Your Exit Strategy?
06:15 Conclusion: The Price of Growth vs. Complacency
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
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Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
08/26/24 • 49 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Strategies for Effective Masterminds and Real Estate Investing
In this episode of 'Pay or Quit,' hosts Tony Cline and Shawn Johnson delve into the importance of providing feedback and the best ways to share experiences rather than directives in professional settings. They introduce key elements of successful masterminds, emphasizing the significance of clear and common goals, structured meetings, relationship-building, and accountability. Additionally, they explore the benefits of one-on-one meetings in fostering strong company cultures and reducing turnover.
The episode also provides valuable insights into the financial advantages of real estate investing, covering topics such as cash flow, appreciation, loan paydown, tax benefits, and leveraging inflation as a hedge. Listeners are encouraged to utilize these insights to elevate their status in the property management and real estate investing markets.
00:56 Today's Big Agenda
01:15 Mastermind Success Recipes
02:38 Structuring Effective Masterminds
05:26 Building Strong Mastermind Relationships
07:25 Setting Clear Goals and Accountability
13:29 Mastermind Meeting Frequency
17:54 Contributing and Commitment in Masterminds
26:42 Mastermind Success and Community
27:27 Six Critical Steps to Effective One-on-One Meetings
28:28 Defining and Conducting One-on-One Meetings
35:59 The Importance of Follow-Through in One-on-Ones
42:17 Investing in Real Estate: An Overview
42:38 Five Ways to Profit from Real Estate
50:30 Leveraging Opportunities in Property Management
53:35 Conclusion and Future Topics
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
12/16/24 • 46 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Scaling a niche entertainment business in multiple cities:
Cody Stovall, a pastor who turned his passion for escape rooms into a thriving business. Cody shares the challenges he faced in opening venues, dealing with family business dynamics, and navigating the uncertainties of the COVID-19 pandemic. He emphasizes the importance of market research, customer experience, and the grit required to overcome significant setbacks. From his innovative approach in the escape room industry to the strategic decisions that shaped Escapology's success, Cody's story is a testament to entrepreneurial resilience.
01:31 Launching Escapology Franchise
02:58 What is an Escape Room?
05:36 The Passion Behind the Business
06:47 Market Research and Franchising
10:08 Navigating COVID-19 Challenges
13:39 Balancing Passion and Business
16:52 The Future of the Escape Room Industry
19:24 Category Creator and Amplifying Impact
23:48 Optimizing Escape Room Spaces
25:20 Marketing to Existing Customers
27:29 Enhancing Customer Experience
33:42 Challenges in Business Operations
38:09 Overcoming Moments of Doubt
43:44 Connecting with the Community
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
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Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
08/12/24 • 26 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
In this episode of 'Pay or Quit,' hosts Tony Cline and Shawn Johnson dive deep into the essential components of building a championship team in the business world. They start by discussing the foundational elements like mission, vision, and core values, explaining their critical role in setting the direction and aligning the company. The conversation then shifts to a comprehensive breakdown of the seven crucial components necessary for creating a winning team: the game plan, rule book, playbook, positions, players, equipment, and scoreboard.
Tony and Shawn share their own experiences from their time at HomeVault and other ventures, offering valuable insights into the challenges and triumphs they encountered. They emphasize the importance of having a clear mission and vision, creating policies before processes, and the significance of hiring the right people for the right roles. They also touch upon the pitfalls of promoting employees without proper training, known as the Peter Principle, and how it can affect team dynamics.
Join us for an engaging and insightful discussion that not only reveals the gritty truth behind business success but also provides practical advice for entrepreneurs looking to build and lead successful teams. Don't miss this episode filled with real-world stories and actionable strategies!
00:00 The Importance of Mission, Vision, and Core Values
00:34 Welcome to Pay or Quit: The Real Stories of Entrepreneurs
01:03 Challenges in Property Management: Key Topics
01:27 Building a Championship Team: The Seven Critical Components
02:07 The Role of Core Values in Business Success
04:29 The Game Plan: Foundation of a Successful Company
05:43 From Policies to Playbooks: Creating Effective Processes
11:41 The Importance of Roles and Responsibilities
19:44 Leadership One-on-One: Coaching and the Peter Principle
24:28 Conclusion: The Realities of Running a Property Management Company
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
X: https://x.com/shawnAJohnsonX
Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
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FAQ
How many episodes does Pay or Quit have?
Pay or Quit currently has 26 episodes available.
What topics does Pay or Quit cover?
The podcast is about Wealth, Entrepreneurship, Investing, Asset Management, Mindset, Podcasts and Business.
What is the most popular episode on Pay or Quit?
The episode title 'S1: E8 Spinning your wheels and can't gain traction. Do This' is the most popular.
What is the average episode length on Pay or Quit?
The average episode length on Pay or Quit is 39 minutes.
How often are episodes of Pay or Quit released?
Episodes of Pay or Quit are typically released every 7 days, 2 hours.
When was the first episode of Pay or Quit?
The first episode of Pay or Quit was released on Jul 11, 2024.
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