We had the good fortune of connecting with Dan Shelhamer and we’ve shared our conversation below.
Hi Dan, how do you think about risk?
Risk taking is one of my favorite matters to discuss, and also in my opinion, the most misunderstood. Everyone has their own risk tolerance, however, the people who I admire and study from have been able to push past their own tolerance to achieve incredible things. I can’t think of a single entrepreneur who hasn’t taken a risk on themselves or on an idea. I also believe that risk level goes down when you increase your preparation. For example, some people may look at real estate investing as very risky. They only see what could go wrong. Bad tenants, bad returns, having to fix toilets, and evictions (to name a few). However, if you do your due diligence, screen your potential renters, and have a handyman maintain the property those issues suddenly go away. By being prepared you take much of the uncertainty out of the equation, and therefore the risk decreases dramatically. People always ask me, “Were you scared to go off on your own, and leave your day job behind?” For me, the riskiest thing I could have done is to put my future in the hands of an employer. So many people are disillusioned to believe that their W-2 job is secure. Most employers have a line of people waiting to replace you. This is more present than ever, with the current unemployment numbers. An employee will ALWAYS lose their job before a business owner does. In addition, you have no control of the direction of the company and compensation plans can be modified at any time. You’re truly at the mercy of an organization that doesn’t always have your best interest in mind. To me, that was truly risky. Most entrepreneurs really want 1 thing. That thing is control. I am willing to bet on myself time and time again and want to reap the rewards of my mindset and hard work. Risk taking had been one of the most beneficial aspects of my life. Because of the risks I have taken, I now have built my life in a way that most people can only dream of. I truly enjoy what I do now, and it never feels like work. My risks have allowed me to live life on my terms!
Alright, so for those in our community who might not be familiar with your business, can you tell us more?
I have a few different businesses, and am always looking for more opportunities and like-minded people to connect with. I am most proud of the years of hard work and dedication that it took to get me to the point I am at now. People on the outside don’t necessarily see all of that, and only the life I currently have. Several years of working a 9-5 while also acquiring assets on the side have resulted in a life where now I am fully in control. I refuse to set limitations on myself, and am always thinking I can do and be more. I have been able to be the architect for my own life. It definitely is not easy, but if you refuse to give up, it is possible for anyone. You have to always be able to adapt to change, and pivot your beliefs as you learn more. I am constantly evolving and growing as a businessman and person. I am a big believer in preparation, but I have learned along the way that I will still make mistakes. It is only a failure though if you don’t learn anything from it.
If you had a friend visiting you, what are some of the local spots you’d want to take them around to?
I would take them to The Phoenix Open to witness the “The Greatest Show On Grass”! We would eat at one of my favorite restaurants in Old Town, The Mission. Then we would head up to beautiful Sedona for a few days of golfing, hiking, and relaxing.
Who else deserves some credit and recognition?
I would like to thank all of my friends and family who have supported me throughout the years. Especially to my parents who instilled a great work ethic in me and gave me the belief that I can be whatever I want to be. Also, to my amazing wife who brings out the best in me and always supports me.
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