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Dr. Robert Zoellner | Oklahoma Auto Auction Founder, Bank Investor, Optometrist, & Serial Entrepreneur Legend, Dr. Zoellner Answers 63 Questions from a Thrivetime Show Listener Shronson Brubert's Questions

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January 29, 2025

TLDR: Schedule a FREE 13-Point Assessment for business success at ThrivetimeShow.com, learn about branding, marketing, SEO, sales, workflow design, accounting, and more in Clay Clark's Business Workshop.

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In the latest episode of the Thrivetime Show titled "Dr. Robert Zoellner | Oklahoma Auto Auction Founder, Bank Investor, Optometrist & Serial Entrepreneur Legend", Clay Clark interviews Dr. Robert Zoellner, who responds to 63 thought-provoking questions submitted by a listener. This episode encapsulates Dr. Zoellner's rich entrepreneurial experience and provides practical advice for aspiring business owners.

Key Insights and Discussion Points

The Importance of Continuous Learning

  • Choosing to Improve: Dr. Zoellner emphasizes the significance of being proactive in personal and professional development. He acknowledges that engaging with instructional content is a choice, highlighting the importance of education in growing a successful business.

Investment Strategies

  • Tax Savings: He introduces the concept of 1031 exchanges as an effective tax-saving strategy for investors looking to delay taxes on property sales.
  • Investment Preferences: Dr. Zoellner expresses a preference for diverse investment types including real estate, precious metals, and cryptocurrency. He cautions against putting all resources into a single investment.
  • Selecting Investment Vehicles: He encourages ensuring personal stakes in investments to foster accountability and shares his reluctance towards angel investing without ownership.

Business Management Techniques

  • Hands-On Approach: He discusses the importance of staying engaged with business operations even when they run smoothly, advocating for a light-touch daily check-in and comprehensive quarterly evaluations.
  • Employee Compensation: Dr. Zoellner recommends that top performers be compensated based on their asks, emphasizing the need to invest in your best employees to retain talent.

Building a Positive Work Culture

  • Managing Stress: He simplifies the idea of managing stress by acknowledging its inevitability and recommending consistent exercise and healthy living as effective coping mechanisms.
  • Outsourcing Duties: He advises leveraging virtual assistants to maximize productivity and operational efficiency without sacrificing quality.

Family and Business Balance

  • Family Time: Dr. Zoellner discusses the critical balance between work and family life, advising listeners to actively listen to their loved ones to gauge when to adjust their focus towards family commitments.
  • Presence is Key: He points out that being present during family time is crucial and cautions against distractions such as phones during family interactions.

Conclusion: The Journey Toward Business Success

Dr. Robert Zoellner's insights from this episode are a testament to his diverse experiences as an entrepreneur and investor. Key takeaways include:

  • Invest Wisely: Focus on diverse investments but ensure personal accountability in those investments.
  • Cultivate Talent: Invest in your people and ensure they are fairly compensated.
  • Stay Engaged: Regularly assess business operations and maintain a balance between personal and professional life.
  • Manage Stress Proactively: Prioritize health and find effective stress management techniques.

This episode is a must-listen for anyone looking to start or grow a business, as Dr. Zoellner’s practical advice and life lessons could guide listeners on their entrepreneurial journey.

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