Growth, Balance, & Planning for an Exit in Short-Term Rentals | Fouad Bazzi

This podcast episode delves into the world of entrepreneurship, focusing on the realm of short-term rentals and property management. Fouad Bazzi shares his journey from a corporate career to entrepreneurship, touching on the challenges and strategies of growing a business with an intention to sell, tackling work-life balance, and the importance of building relationships. His story, from starting a coffee shop to shifting into real estate investment due to the impacts of COVID-19, highlights resilience and adaptability. The conversation also covers the concept of using other people's money for business scaling, the value of being involved in masterminds for personal and professional growth, and the nuances of preparing a business for potential sale while retaining real estate assets. Practical advice on business planning and management strategies, including the use of the Entrepreneurial Operating System (EOS), is discussed alongside personal reflections on family life, setting boundaries, and the ethos of giving back. This episode is brought to you by our sponsors at: Minut – Minut has more than just security features! They monitor noise, movement, and occupancy all within one device, and all Slick Talk listeners get 2 months FREE when they sign up with this link! Hostfully – Use code SLICKTALK for 3 months free of their digital guidebook or $100 off their property management platform! Hudson Creative Studio - Get your direct booking site and brand built by them, and never look back! ——– Thank you for tuning into our podcast! Slick Talk is a Hospitality.FM production, and you can find more of our shows at Hospitality.FM or anywhere else you listen to your podcasts! Listen to more episodes on our website and take a look at our amazing podcast and network sponsors that make this all possible! You can also listen to our Monday morning podcast, Good Morning Hospitality, where we dive into the industry as a whole in a more casual setting! If you ever want to contact us for guest suggestions or anything else related to the podcast, please fill out our contact form, and we will be in touch! Last but not least, we love to connect on LinkedIn! Let’s connect there so you can see the daily content we post beyond the podcast! Learn more about your ad choices. Visit megaphone.fm/adchoices