READY... FIRE... AIM —> Fire Again

[Shiloh Lundahl]

As I was looking for information on developing a mastermind group, I started reading (listening on audible really) to The Success Principles by Jack Canfield. As I was listening to the book, one concept really stood out to me. Ready... Fire... Aim. Basically the concept was, take the shot and then adjust based on where the bullet goes. And then shoot again.

I really like this principle and I think it is a great one for new investors to consider. In my opinion, it is impossible to know everything that you should know before you purchase your first deal. You will most likly not hit the center of the target on your first shot. However, your first deal could help you get a baseline by which you can adjust your aim for future deals.

Each time I do a deal, I learn something new that I can take into the next deal and so on and so forth. However, if I were to wait to know everything that I should know before investing, I’d still be waiting to invest today. 

When have you used the concept “Ready... Fire... Aim.” worked for you in the past? Good or bad.

Disclaimer: I am not encouraging people to be reckless when investing in real estate. I, like many others, believe in working with mentors, coaches, and good partners with integrity when investing to mitigate the risks and lessen the likelihood of serious loss while starting out with investing in real estate.

[Mike Dymski]

"You don’t have to be great to start, but you have to start to be great."

~ Joe Sabah

Skills and knowledge lead to confidence (overcoming fear) which leads to action...but we have been taught not to fail and we often get stuck in the knowledge building phase.