Do you feel like you are your own worst enemy when it comes to finding a new revenue strategy ? If you find that you are regularly making excuses for the common hurdles you may face, then this is likely the case.
What is important to note as an investor - you are not alone!
It is part mentality and part execution - but when you get it right, the reward is great and you'll find similar gains to those big players in record time.
So, do you ever find yourself saying any of the following?
I have no experience
I have a limited budget
I have limited time
I do not have the technical knowledge
I fear failure
I have no experience
If you feel you have no experience then TMG would recommend that you write down in the centre of a page your name, and then from this write down all you have done in your past, professionally and personally.
The property industry is full of people who have a wide range of experience and by identifying your skills, you can then find others who lack the skills you have.
Have you considered teaming up with an expert in your field who you can shadow or finding a mentor who can teach you in the areas you have yet to exercise? Join a property Facebook group to see how open and inviting the community is and maybe check out a PIN or PPN meet up near to you.
I have a limited budget
Many people have the wrong impression that to start in business you need a lot of savings to start up the company but this is untrue. There are a wide number of people who have started business with a small outlay and gone onto be very success such as WhatsApp founder Jan Koum, Media mogul Oprah Winfrey and Chelsea Football Club owner Roman Abramovich.
It is true that to start a business with capital can be slightly easier but you must think and look harder for capital – it is out there! Again think about what you can offer to a partner who has capital as not all skills and knowledge is capital.
I have limited time
Time is a limiting factor for many as we live in a world that is the fastest it has ever been.
For some their current career, passions and family time mean there is little time left for other ventures. So if you can offer someone time and they have the capital, is this not a great partnership! Again what can you bring to a partnership?
Alternatively if you have no time and would like to have more, look at what you do un 24 hours. Keep a log of what you do in a day over 2 weeks and see what you really do each day – you will be surprised. You can then adjust your time spent on non essential items for those activities that help your business or outsource the tasks to others such as cleaning, shopping or admin duties.
I do not have the technical knowledge
The technical knowledge is a roadblock that you can overcome by teaming up with others who have that knowledge and who lack technical knowledge that you have. This is a win win partnership. To find the perfect partner you need to shout about what you are doing so join Facebook communities and also network.
Jumping into the unknown is one of the biggest fear people can have as there are no certainties wth a new venture, you may lack the knowledge, you may fear losing money or you may fear the unknown, but if you really look at fear it is just F.E.A.R: False Evidence Appearing Real. From this stance F.E.A.R is letting yourself look at a situation and make things seem real and scare you from taking the leap into the unknown. For example you see that there is a UK slump in property rental prices yet if you were to look at your specific goldmine area you would find that your area is excelling.
For those with an entrepreneur mindset, they would say that F.E.A.R stands for Face Everything and Rise. With this mindset the person would take on a challenge and see it as a may to grow and learn so they can better themselves and the company.
The difference in those who succeed and those who do not is the mindset and how they see F.E.A.R.
Feeling a little stuck in the mud?
It's essential to get yourself in the right frame of mind to start achieving the results you want. Once you are aware of these common drains on your time and results, it becomes so much easier to overcome them.
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