You worked harder than you ever thought possible to get through college and land that corporate dream job. Life was good….until reality set in. Right? The grim reality is that for most, their chosen careers meant very hard work and inadequate compensation for their time. So one day you made the decision to stop working for ‘the man’ and break out on your own. Start your own business.
Your decision to start your own real estate investment business is one that you will not regret…provided you do it right! Unfortunately, most start-up businesses fail a short time after they start. The reasons are many and varied, but the truth remains that it just doesn’t pay to try and go it alone! Remember the old adage: “No man is an island.”
Today we are going to discuss the advantages of working with a group in your own Real Estate Investment business. Isn’t it true that one person simply cannot wear all the hats in a working business? So why try? There is strength in numbers. And the best way to grow and be profitable is to work with skilled people in each area of business management.
For example, there is sales, marketing, accounting, office/personnel management, advertising, website development/maintenance, ongoing education, etc. We could go on and on about the many facets of a business. What kind of accountant do you suppose a salesperson might be, vice versa? Certain personality types lend themselves to certain patterns of thought. Wouldn’t it be unfair to ask your accountant to handle your sales as well? Usually so.
Now imagine yourself associated with a group of investors in a sort of network. You share a common buyers list. Perhaps you all have access to the same training materials. What if you all used a shared internet marketing machine developed and managed by some of the best in the industry? And let’s say you had someone experienced with whom to discuss your deals and seek advice whenever you felt the need? Each of the foregoing questions address some of the areas in which private investors have longed for support.
One fear that independent real estate investment professionals have is that of competition. As with any industry, competition exists and can kill deal we work so hard to put together. If one is to work with a group as discussed earlier, he/she would have to have assurance that their privacy and autonomy was respected.
Imagine if you could enjoy all the benefits of an investment group or network without fear of competition from your associates. What if you had a designated territory that was owned and managed solely by your private business, but carried the power of a much larger brand than you could exert? That kind of opportunity exists today at one national company. There the training, materials, mentoring, marketing, etc. is all provided for the private business person seeking to sell house cash deals to cash home buyers. In turn they joint venture with the company. This type of business model has great potential because it allows the individual business to operate at their own pace while providing all the support in each of those vital areas already mentioned.
Remember this: There is no longer a need to go it alone. Help is available to serious private business people with a determination to succeed. Why not investigate the available networks that you can join. There are groups for every level of involvement out there. Don’t let the ominous economic climate deter you from your objectives. You can do it with a little help from your friends.