Thursday, April 15, 2010

Goal: Implement a System NOT Complete a Deal

Have you ever woke up, felt totally optimistic that this was the time things change, that you were going to get that first deal done in the next 7-14 days, set out to make it happen and day 15 arrives with no deal?  I have.  It can be frustrating because you are doing the things you've been taught will work: marketing, free classifieds, putting in offers, and maybe even using Ad Words or bandit signs, and still nobody wanted to accept your offers, or take the bait you put out.

As much as we are able to control our own destiny, there are others out there who too are in control of their own.  The problem is that your free will and their free will don't always align, meaning you cannot control what other people do, think, or want.  I know that this can lead to frustration with investing whether it be wholesaling, rehabing, or whatever.  Instead perhaps the focus for those goals should be redirected.
 
One guru out there - The Maestro - always tell his students not to put a timetable on their first deal.  By doing that, you are adding increased pressure to accomplish something that is largely out of your control.  What needs to have a strict timetable is the process that goes into landing that first deal - your marketing and the things that need to be done to be successful.
 
Many things have to line up right for you to flip a house. And, much of it is out of your hands.  Sure, you can
assemble the pieces, but they must make it happen.  So,don't put a timetable on the outcome... put one on the
necessary parts to get you there.

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