In this episode, I discuss the ten skills required to crush it in your marketplace. These skills are well laid out in the famous book “Think and Grow Rich” from Napolean Hill. When building a business, someone needs to assume the leadership role and real estate is no different. In fact, not having a clearly defined, qualified leader can bankrupt a company in short order.
As you might imagine, there’s a big difference between being a leader and being “in charge”.
It takes a ton of courage to assume the leadership role, in fact, Courage is the first of the ten I will discuss this week. If leadership is not your thing, or you suffer from a lack of confidence, unwavering courage may be a challenge for you. The good news is that you can bring in someone to lead the company who does possess these skills.
Being successful as an investor does not mean having all the answers, it means knowing the right people to join you who have those answers. I believe that these people are around each one of us, and it’s our job to attract them to us.
Self-control as an investor means avoiding impulsive decisions that are based on emotion instead of logic or mathematics. Don’t follow the crowd, lead the crowd by example. Be the person that does all the math, not just the math that forces a lousy deal to appear to be a good one.
Having a keen sense of justice means treating all parties in a transaction fairly and ethically. Win/win or no deal is a great mantra to follow and results in faster, more profitable growth.
Ever dealt with a wishy-washy buyer or seller? That type of behavior can destroy a deal in a heartbeat. Ask questions, listen for the answers, then, make decisions and stick to them. Those that have a tough time making decisions rarely make skilled leaders.
Investors who operate from the mentality of a servant’s heart often outperform their peers. It’s very difficult to say no to someone who clearly demonstrates that they have your best interest at heart.
So as not to spoil the episode right here in the show notes, you’re going to have to tune in to learn more.