By Steve Shull, Teles Properties for Teles Talk

Are you taking the risk to live, not just dream the dream? Being successful in any business requires…

1. Goals
2. A Plan
3. Capital
4. People
5. Systems
6. Execution
7. Accountability

You may have some more things you want to add to this list. Taking the risk of being successful in real estate includes:

1. Knowing why you are in this business and what you want to accomplish.
2. Developing a detailed plan of action that can turn your goals into reality.
3. Having the necessary capital to support your business even when you have a down month or a down cycle in your business. YOU MUST INVEST FINANCIALLY IN YOUR BUSINESS TO MAKE IT GROW!! The idea that real estate does not require capital is PURE MYTH!!
4. You need a support team around you including your office manager, office support staff, affiliates, and perhaps a personal assistant or team of assistants.
5. You must have an organized way to generate, process, and manage business. Winging it, sticky notes, and a great memory doesn’t work!!
6. You must actually follow your plan. In essence a business plan can be broken down into a daily schedule. Stick to your schedule and you will be much more productive.
7. You must measure and evaluate your progress on a regular basis. Also having a business coach is very helpful to keep you on track.

You cannot escape this list if you want to both do well and be well in this business. It sounds like work and it is work!!

Most agents who take the risk of getting into real estate end up:

1. Winging it…
2. Working harder…
3. Worrying….
4. Whining…
5. And Wishing for things to be different!!

The agents who actually take the risk of being successful focus on the 7 steps I listed above!!
Which risk are you taking in your real estate business??? The risk of just getting in OR…..The risk of being successful!!

For additional questions or comments, Steve Shull can be reached at  steve.shull@telesproperties.com and you can check out his website at www.telesproperties.com.

Filed under: Uncategorized on June 24th, 2009