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 only dream of success while others take
the time, energy and effort to do something to make things happen,
for themselves and their business. If you choose to make things
happen then 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. The CREI-Alliance group was created for the
express purpose of educating and helping you get started on your
journey in real estate investing. I urge you to avail yourself of
this opportunity. Join us at
http://finance.groups.yahoo.com/group/CREI-Alliance/ learn what it
feels like to be empowered with the courage, knowledge and wisdom to
succeed in real estate investing.
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/
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