In this episode, Alex and Pooh talk about mindset. Running an Airbnb business is not always easy, especially at the start. There are downsides as well as upsides and you need to become resilient enough to deal with those issues, which means developing the right mindset. Alex and Pooh explain how to do this.

Including how to develop the right mindset and understand your motivation so you can tap into that to keep yourself going when things get tough. They share the strategies they use to deal with feelings of overwhelm and crises of confidence, which all entrepreneurs encounter.

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KEY TAKEAWAYS

• Educating yourself properly about the Airbnb business model is invaluable. You greatly reduce stress and save time and money.
  You have to be realistic. At some point you will doubt yourself. If you don´t have the right mindset you will give up.
• All entrepreneurs experience massive highs and deep lows (valleys of despair). Prepare yourself to ride those waves.
• You need a strong why. A reason to put in twice the work for half the money for 6 months, a year, maybe more.Surround yourself with people who are on the same journey and at a similar stage as you.
• You need people who are going to listen, be sympathetic, and help you to turn your thought processes around.
• You need to take your partner with you. They need to be prepared for the short-term sacrifices that will need to be made.
• Don´t get too ahead of yourself. You need to achieve short term goals to reach your ultimate goal.

BEST MOMENTS
“Before people come to any kind of business, they need a reason that's bigger than themselves.”
“There´s going to be a period of time where you have to put in the hard yards. Just accept that.”
You´ve taken that money and switched it into freedom.”
“Unless you are Elon Musk, which most of us aren´t, then it´s back to earth with a bump.”
“If you are with someone who is really negative, who is holding you back, that can be really toxic to allowing you to be successful.”

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years. -

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.