Impatience is definitely my virtue. Not that it got me anywhere. Fresh out of college, I started a business. And another. I often wondered why I fail a lot of times, and usually, not because of me, but because of my hires.
In other words: it’s still my fault.
I stumbled upon Than Merrill‘s blog post on Successful Business Practices for Real Estate Entrepreneurs. He is the founding president of FortuneBuilders Inc. and an expert in the field of real estate marketing. I don’t usually read how to’s and lists and definitely not from the internet. But reading his post, the guy was like exactly reading my mind or something. You know what they say when you’re reading a good book? It’s so good that you wanted to give the author a call and ask him to hangout with you and talk for hours. That’s exactly what I wanted to do.
Young people, fresh minds, rookies starting out to create a place for them in the real estate business are impulsive and creatively insane. I was in a million directions at once, my mind was bursting with ideas I wanted so badly to come to life but the more I pushed, the more I become unfocused and eventually, I got bored. Than Merrill had a line that completely froze my mind: “It wasn’t until I realized I needed to slow down before I could speed up. This is a common problem for many entrepreneurs. Creative people with visionary ideas are often bored and lack the focus it takes to build a long term sustainable business. The entrepreneur moves from idea to idea and the employees are left to pick up the pieces.” I rest my case. That definitely hit a nerve.
In the end, it all comes down in three: chaos, control and balance.
I often use my inexperience as an excuse to everything: I have a lot of chaos, no control and obviously out of balance. However, failing is not a nice hobby and it took a lot of time for me to admit that. I am about to start anew and hopefully, this time, I can put aside my perfectionist personality and know learn to deal with it.
Now, aiming for perfection is phenomenal. Problem is, we tend to over think, lose our focus and block reality. Well, I sure did.
I’ll keep my fingers crossed. And probably stumble on more blogs and stay online a little longer.
Than Merrill’s Successful Business Practices for Real Estate Entrepreneurs | kozmom said
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Cashflow Cindy said
Too close to descriping ME. I get bored easily and need to be constantly challenging myself. I’ve been investing in Real Estate for over 2 1/2 years and I love it. However, managing is an area I am getting away from in 2009. Lke you mentioned above, entrepreneurs have many ideas and so do I. As a matter of fact, 2009 is my year to start purchasing Residential Multi-units. My experience is in Single Family homes, Duplexes and Tri-Plexes.