Most parts of the country are experiencing that beautiful time of year when the leaves start to change colors and fall is in the air. However, as the seasons change, so will your maintenance priorities. With the coming of fall, owners can expect a lot more yard work. For both practical and aesthetic reasons, most homeowners do not want their yard covered with leaves. In fact, how an owner takes care of their yard can tell you a lot about their engagement as an investor.
The Plan: Depending on the size of your yard, the first thing you will notice is that there are probably a lot of leaves to pick up. Just like your investing business, you have to start somewhere and you have to have a plan. Are you going to mow the lawn first? Are you going to use a tarp? Do you want to use a blower? These basic questions are not dissimilar from the ones you ask yourself when starting your investing business. Where will you invest? What types of properties will you invest in? What neighborhood? These are just some of the questions you should ask yourself before starting a business. Without a plan you are doomed to fail.
Old School vs. New School: There is always more than one way to get things done, regardless if you are talking about raking leaves or getting deals. With leaves, you have the old reliable rake or you can take advantage of leaf blowers. Investing is no different. You can use tried and true methods to get deals. Networking and investing club meetings remain a popular place to acquire deals while some investors will take advantage of the new technology. With social media and iPhone applications, you should be able to find the most efficient and easiest way to run your business.
Problems Don’t Fix Themselves: There are many homeowners who will wait until every last leaf has fallen from the tree before they start any form of cleanup. Others will spend some time every weekend taking the new leafs off until there are none left. Instead of putting off work or making excuses for the wind, they take action and constantly keep the process moving forward. Deals will not just fall into your lap on a regular basis. You have to do things to get them, even if this means doing a little bit every day or every week. You can keep putting off seemingly mundane tasks, but you will find procrastination to be the bane of your career.
Sense of Accomplishment: Raking leaves and doing yard work may be considered fun for some, but for most, it is something they would rather not do. The real reward comes after you are done and the fruits of your labor are realized. Your hands may be sore and your shoulders tired, but you feel good about what you have accomplished. This is the same feeling you get after you close a deal. It may have been a difficult process with plenty of twists and turns along the way, but after you are done, you want to do it again. Once you close a deal, you figure out what you did wrong and what areas you can improve on. Success brings a feeling that you want to have again, even if the process was difficult.
Work is work, whether you are talking about closing a short sale deal or spending four hours with a rake and a tarp. How you approach respective tasks will separate you from your competition. The next time you are stuck spending a weekend raking leaves, think about how it may be applied to your investing business. You may be surprised on how similar they are. At the very least, it puts things into perspective.