In this episode of The Building Bigger Lives Podcast, Michael and Kathryn discuss the "K economy" phenomenon in the housing industry, where business results have split into two categories: those experiencing significant success and those struggling to keep pace. Kathryn explains that the separation began about a year ago when people made different choices about maintaining business disciplines during challenging times, with some maintaining consistent efforts while others became discouraged by lack of output. Michael emphasizes that the key difference between successful and struggling businesses often comes down to mindset, specifically whether individuals adopt a growth mindset versus a fixed mindset that focuses on winning and losing. The discussion includes practical advice for those experiencing the "slide" side of the K economy, including recognizing personal contributions to current challenges, making conscious changes in attitudes and surroundings, refocusing on the original reasons for entering the business, and potentially taking a hard reset by attending different events or surrounding themselves with more positive influences. Michael stresses that the first steps involve acknowledging personal responsibility and deciding to make changes, while successful businesses should stay focused on their proven strategies rather than chasing new distractions.

Building Bigger Lives Podcast

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