Taking the Leap into Success

<p> Recently I contacted one of my many mentors to discuss a new way to promote my business.  The idea was to put on one day seminars at the cost of $50,000 each.  Although I had never put on a seminar myself, I had worked closely with someone who put on similar events and therefore felt that I could be successful. I figured I would give it a shot and if it didn’t work walk away with minimal lose. <p/>

<p> His suggestion was “Drew, you’ve got to plan to do at least three or four of those events before you work out the kinks. Be prepared to lose money on the first few.” Basically I shouldn’t expect to get everything exactly right on the first try.  Through perseverance I could hopefully succeed. <p/>

<p> He was exactly right.  The first event lost $20,000 and the second broke even.  Not too bad but I am in business to profit so I gave it one more shot.  The third event finally did it and I made a pretty significant profit.  If I had just given up I would have lost out on a lot of money that I made in the future.  It is learning experiences like these that ultimately lead to our success. <p/>

<p> After recently speaking in Vancouver, I had two ladies approach me and ask what I thought about the state of their business at the time.  They were very educated.  They had read a number of real estate books, attended many wealth building seminars, and taken several real estate courses.  The problem was that they had not purchased their first property yet.  <p/>

<p> Later in the conversation I invited them to discuss their business over a cup of coffee.  The conversation started with the ladies expressing their frustration in making an investment into their business yet not returning any type of profit.  It soon became clear that they were trying to think of the solution to every conceivable problem they might have instead of just taking the leap. <p>

<p> I am in fact a huge fan of having a working plan to act on. Yet at some point you do need to just dive in and see where the road takes you.  In just a few more minutes together we outlined a three step plan to get them “unstuck” and on their way to actual real estate investing. <p/>

<p> For more wealth building tips visit us at pfbs.com. <p/>