In this episode, I ask you a very important question: are you on track to reach your goals in 2014? If you are like most people, you made New Year’s resolutions at the beginning of the year. If you are interested in starting a real estate business, I hope you set goals for yourself for 2014. So, the first quarter is over. How are you doing?
This is the kind of show that I like to do once in a while. No lesson, no real estate investing technique. Just a mirror being held up, and a question: are you taking the action necessary to get you to where you want to be by the end of the year?
For my business, I am on track for some of my goals and for others I am a bit behind. One of my goals for this podcast was to start working with sponsors. I hit that goal and intend to continue to work with sponsors that I believe in throughout the rest of the year. Another major goal for me was to start a coaching program this year. I started that this month and it’s going very well! I’m nearing the end of the first session with my first round of students. I am excited to have met the goal and am really looking forward to working with students for the rest of the year.
One of the areas that I am falling behind at is my goal of building a rental portfolio this year. I have one rental, and would like to buy several more. I am still speaking to investors and working on the best financing for that endeavor. Because I am so busy with the rest of my business and this podcast, in addition to working with my students, I am behind schedule to meet my goals with rentals. That’s okay though! Because I’m evaluating quarterly, I have an opportunity to pick up the pace and end the year by meeting my goal. I’m confident that I can do that and fully intend to!
So, are you on track to meet your goals? It’s important to be very honest with yourself when assessing your progress. If you are, then you have time to set your course and meet your goals. Course correction is a natural part of business. That’s why we monitor progress. Every business has to do it. But if you don’t look at your business critically, you can fool yourself into thinking you’re getting somewhere. Don’t try to fool yourself, it’s only hurting you in the end.
If you are on pace, or maybe even farther than you anticipated being at this point, then congratulations! Feel good about your success, and let it motivate you to push yourself even further next quarter.