Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

How I run 5 companies successfully

6 Nov 2022 · 0 min

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In this segment, Christian Osgood shares what he calls the number‑one piece of business advice for entrepreneurs: the disciplined practice of giving credit to the team when things go well, while personally owning any failures. He explains that failures indicate gaps in knowledge, systems, or personnel, and as the owner you must accept responsibility for those shortcomings. This mindset underpins his approach to running multiple companies successfully.

Hands down, number one piece of business advice. If you are an entrepreneur in any field, this is the key to success. When stuff goes right, you distribute that to your team because you would not be where you're at without them. When stuff goes wrong, you own that. You either didn't equip someone with enough knowledge, with good enough systems, or surround them with the right people for them to be successful in whatever that task was. When stuff goes wrong in your business, it's on you. You're just playing the role of owner. If you're going to be an owner, you have to own it.