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Study Business Leaders of our Time
For those just starting out, you quickly find out you have access to a ton of information and don't know where to start. Most beginners sign up for a course, or take a boot camp. Some find a mentor, while others just dive right in and learn as they go. Whatever the path you take, at some point you will feel overwhelmed. It is at that point that you have to take a look at what you are doing and realize one of two things, either A. you are doing too much yourself or B. you are complicating things to the point that they cannot be duplicated. Neither A or B is the right answer if you want to create wealth.
Hence, successful investors are those that find what they like in this vast universe of real estate investing and they become experts in their particular field of interest. They become a Ray Kroc, Harlan Sanders, JW Marriott, or Henry Ford. Someone that can put a system together that works, and keep it simple enough to replicate it without having to do it all yourself.
I know I am still learning this long into my career. It took me a while to figure out that even though I specialize in niche products like Self Directed IRA's and Land Contract Notes, I need to setup systems so that others can carry on my work, so I can grow business. Small lesson to learn, invaluable returns once you do it.
Comments (1)
I agree Kevin. When I am getting stressed out by all the demands on my time, I step back and think that I will keep on doing this and get the same stressful results. A system is usually the answer to relieve the stress. Thanks for the blog post.
Greg B., over 14 years ago