Dec 20 2023 42 mins
Ready to venture into the world of hospitality investing? Grab your seat as we delve into an insightful conversation with Josh McCallan, an experienced investor with an impressive portfolio in wineries, resorts, and more. We unpack the intriguing dynamics of hospitality investing, highlighting key points including due diligence, potential pitfalls, and the golden opportunities within this industry. Plus, learn about Accountable Equity, a platform where accredited investors are empowered to own properties and businesses that promise attractive returns.
Our conversation takes an unexpected spiritual turn as we analyze the heart and soul of hospitality. We dissect what makes a winery successful, uncovering the crucial role of top-notch service, the significance of the physical space, and mastering the seasonality of the business. Josh shares his own journey of delivering a four-star hospitality experience in a seasonal beach setting. We unravel the deeper implications of hospitality, sharing how it not only creates a memorable customer experience but also fulfills a higher purpose.
But it doesn't stop there. We embark on a thought-provoking discussion on the power of experiential investing. We reflect on the wisdom from Jett Holmes' Ultimate Sales Machine, particularly his advice for interviewing potential hires. Together, we look at our own company cultures and the three key virtues we seek in candidates. Plus, Josh reveals an ingenious hack for investing in enjoyable experiences such as resorts, golf courses, and wineries. If the wedding industry is on your radar, you're in for a treat. Josh shares his experience of owning a wedding venue, the financial benefits it offers, and the social significance of weddings in our society. Prepare to be enlightened and inspired!
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