Going in Bakespace regards to real-estate investing very few investors actually look at building their property portfolios as a real business. They need a shift within their way of thinking and to approach real estate investing more like an entrepreneur.
In our opinion two of the essential keys to running a successful Real-estate Development business are using great systems and forming great long term relationships.
Entrepreneurs use proven systems and leverage off others to run their business effectively and they view their business as separate from them. They realize that they are not their business and find out their business as the end product. A property developer who understands that, has a real chance to become very successful.
When you realise that real estate development is a business and that the business is your product, you can then start to work on building your business. To build a successful real estate development business you will need to change the way you think and your approach to real-estate investing.
In the event the business owner is additionally the on the job developer it shall usually require far more hard-work to make the business successful. It is much smarter for anyone considering entering in to the industry to set up a business where the systems run the business, and let others run the systems. Basically the systems and other people work for you so you do not have to.
As owners and proud parents our most significant asset is time and around we wanted to be actively involved with real estate development we knew we did not want to be traditional real estate developers who worked long hours trading their time for money.
Instead we looked at the big picture and applied the same entrepreneurial skills we had developed in our architectural practice to property development. Real estate development had to contribute to our ultimate goal of achieving financial freedom and giving back.
We knew that once we achieved our ultimate goal it will give us more choices so we could begin to live our dream lifestyle in line with our core values and with passion and purpose.
In our opinion two of the essential keys to running a successful Real-estate Development business are using great systems and forming great long term relationships.
Entrepreneurs use proven systems and leverage off others to run their business effectively and they view their business as separate from them. They realize that they are not their business and find out their business as the end product. A property developer who understands that, has a real chance to become very successful.
When you realise that real estate development is a business and that the business is your product, you can then start to work on building your business. To build a successful real estate development business you will need to change the way you think and your approach to real-estate investing.
In the event the business owner is additionally the on the job developer it shall usually require far more hard-work to make the business successful. It is much smarter for anyone considering entering in to the industry to set up a business where the systems run the business, and let others run the systems. Basically the systems and other people work for you so you do not have to.
As owners and proud parents our most significant asset is time and around we wanted to be actively involved with real estate development we knew we did not want to be traditional real estate developers who worked long hours trading their time for money.
Instead we looked at the big picture and applied the same entrepreneurial skills we had developed in our architectural practice to property development. Real estate development had to contribute to our ultimate goal of achieving financial freedom and giving back.
We knew that once we achieved our ultimate goal it will give us more choices so we could begin to live our dream lifestyle in line with our core values and with passion and purpose.