First deal jitters
Okay, it is time for your first deal but you are feeling really nervous about it. The big question is how to conquer your fears. Overcoming this fear is a process. You have to break it down into categories: 1) Acquire necessary knowledge 2) Identify the opportunity 3) Do your homework on the deal 4) Know that you have the drive and determination to succeed 5) Set your goals 6) Take action (execute) Know that knowledge is power. When you posses the appropriate knowledge you can approach just about anything with the confidence that you will do well and succeed. Identifying the opportunity is the one thing that everyone in business has to understand that you cannot do alone. Therefore, you must surround yourself with good people to help you every step of the way. When it comes to doing the homework on a deal not only do you want to hear what the people on your team have to say but you must seek out any and all suggestions, ideas, or recommendations from wherever you can and analyze them as best as you can. Although you may be organized and well informed you will still need the drive and determination to see your plan through. Be certain that when you set your goals that they are realistic. One of the things that I have discovered is that some people do not know whether or not their goals are realistic, this often times comes from a lack of knowledge. You just cannot read a book, buy a program, or go to a boot camp or seminar and think you have all the answers. This is a business and like any other business it takes time and experience to get good at it. One of the people that I admire the most has to be retired General Colin Powell. He has written a book called 'My American Journey' and in this book he lists thirteen rules of life. Here they are, this is great stuff. 1. It ain't as bad as you think. It will look better in the morning. 2. Get mad, and then get over it. 3. Avoid having your ego so close to your position that when your position falls, your ego goes with it. 4. It can be done! 5. Be careful what you choose, You may get it. 6. Don't let adverse facts stand in the way of a good decision. 7. You can't make someone else's choice. You shouldn't let someone else make yours. 8. Check small things. 9. Share credit. 10. Remain calm. Be kind. 11. Have a vision. Be demanding. 12. Don't take counsel of your fears or naysayers. 13. Perpetual optimism is a force multiplier. By General Colin Powell Always remember some people dream of success while others strive to make it happen. The things that we do and the way that we choose to do them, ultimately define who and what we are and how we are perceived. If you choose to make things happen and dedicate your life to the things that are most important to you, you can and will achieve success. This is all about improving the quality of life, expanding your horizons and gaining knowledge, this could never be a bad thing and certainly nothing to fear, and if by chance you should profit on the way consider yourself fortunate. I sincerely hope this will, at the very least, give you something to think about and hopefully inspire you to move forward in whatever direction allows you to grow. Graywolf http://finance.groups.yahoo.com/group/CREI-Alliance/ ------------------------ Yahoo! Groups Sponsor --------------------~--> In low income neighborhoods, 84% do not own computers. At Network for Good, help bridge the Digital Divide! http://us.click.yahoo.com/EpW3eD/3MnJAA/cosFAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
