Be honest with yourself.

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

Soothing color of purpleThere is an ActiveRain member, Lisa Stafford of Broken Arrow, Oklahoma, who is in a situation that happens way too often to the self-employed, especially those in service industries, and this post was inspired by her post. I'd also like to thank Al and Peggy Cunningham for pointing me in Lisa's direction. When you finish here, stop by and give Lisa some encouragement and then stop by Al and Peggy and thank them for caring.

If you're feeling overwhelmed by all the new technology and social networking sites, or you don't think you're accomplishing enough each day, or your family and friends seem to take up a lot of your time, or, or, or.....

Do this:

Sit down and decide where you want to be five years from now. It won't be easy, but it can be done. It might take some real introspective vision and honesty with yourself, but you can do it.

After you've done that, figure out what you need to do to get where you want to be in five years. Again it won't be easy. In fact, I can honestly tell you that it's difficult.

Once you know where you want to be in five years, break that down into periods of 12 months. What do you need to do each year to get where you want to be in five years?

Now break down each year into periods of months. What do you need to do each month to get where you want to be at the end of year one, year two, year three, year four, and year five?

Now break the year down into periods of weeks. 52 weeks. What do you need to do each week to get where you want to be at the end of the month, two months, three months?

Now break down the week into periods of days. As a self-employed real estate professional, I can guarantee you that you will have very little success if you just want to work 40 hours a week. No great professional in any industry works only 40 hours a week. If you want to work 40 hours a week, you are in the wrong profession. You are in a job and simply haven't found your career yet. That's okay as long as you realize it and keep searching for your career. This is where a career counselor can help.

I like to treat each day like any other day. That way I can start a new business, a new career, a new month, a new year, a new anything on any day. After all, why should you be restricted to a calendar system that was invented by some yo-yo 500 years ago. Create your own calendar and get started today!

I usually work about 16 hours a day, but the word work might not be a good word to use because I consider work to be something that I generally don't enjoy doing. It's work to change the oil in my car or rotate the tires, so I let the car shop do that. It's work to file my income taxes, so I let my CPA do that. It's not work for me to help other people get their businesses up and running. That's my career.

If you have health concerns, financial concerns, parents, a son, your religion, etc., you have to plan time for that and for them. For the self-employed, it's important to schedule time for them, to plan for them. Otherwise you wind up thinking that you are not giving them enough of your time, and that affects your career.

I would suggest working a minimum of 60 hours a week. You can do that by working 10 hours a day for 6 days a week, or 8¼ hours a day for 7 days a week. I don't think you'll be able to be successful in real estate without that type of commitment.

Once you determine what you need to do each day, break it down into hours. If you need to get your son off to school, schedule your time to do that. If you want to sit down each day and visit with God, schedule your time to do that. S/He'll appreciate knowing exactly when you're going to stop by.

Schedule everything. Sure, occasionally the unexpected will happen, but it's much easier to catch up when you only have to work a couple of extra hours on any specific day rather than waiting until the year is gone, only to realize that you didn't accomplish what you needed to accomplish. How are you going to catch up then?

Once you have things broken down into hours, work those hours persistently and consistently. If you'll honestly do that -- you should track everything you do -- you'll find that the days, weeks, months, years, and five-year plan will fall naturally into place. You might fall short, but it won't be by much.

It does take honesty with yourself, though, in determining if real estate is your career or a job. Honesty in working persistently and consistently, even when things are gloomy. If real estate is really your career, and you work persistently and consistently, and honestly, you'll find that the gloomy days are actually few and far between. 

Be honest with yourself.

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  1. Gerry Michaels 03/20/2010 11:57 AM
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Rainmaker
1,143,413
Cheryl Ritchie
Southern Maryland 301-980-7566
RE/MAX Leading Edge www.GoldenResults.com

I like one day off a week which is Sunday but the last 8 months it has been reserved for a whirlwind crash course in social networking and blogging.

March 20, 2010 10:14 PM
Rainer
286,978
Leslie Helm
Real Estate For Trail Riders
Tennessee Recreational Properties

Hi, Russel. I'm surprised that this post wasn't featured! If I'd have seen it sooner, I would have flagged it!

This is such good advice and it's something we all should do. So many times, something seems overwhelming but...you are absolutely right....breaking it down into segments makes each piece manageable.

 

 

March 21, 2010 10:54 AM
Rainer
74,235
Lisa Stafford
Broken Arrow OK Homes For Sale
Broken Arrow, Tulsa, McGraw Realtors

Russel, I just found this post!  I couldn't understand why people were saying Russel sent me over.  Another WOW moment. Now I know. 

When I joined AR in January, I wrote my first blog the first day.  And it was featured!  I've had 5 featured since Jan.  I just thought that was what writing was about.  I had no idea what was doing on and how much power, knowledge, experience and help I had gotten my hands on.  I do have a 1 year business plan.  Very detailed to the day.  But not to the hours and minutes of the day.  I'm a detailed person and get lost if I don't have that.  My plan is also straight from Buffini.  It's a good one, but that was before Active Rain.  I'm going to do as you've said in this post and start 5 years out and work backwards.  I also will add my personal time with God, exercise and my son and get a detailed day.  And most important add Active Rain.

And you pics are GREAT!  My son has a cat named: Zoey.

THANK YOU

March 21, 2010 02:35 PM
Ambassador
1,254,571
Robert (Vegas Bob) Swetz
Commercial & Residential Real Estate Agent
REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156

Hello Russel and another great post and I have my thoughts and feelings on a huge step in my life but it hasn't totally come to me. Maybe my trip to South East Asia will complete my calling!

Vegas Bob

March 24, 2010 07:28 PM
Anonymous #25
Anonymous
Anonymous

Hey, Folks.

Thanks for stopping by and commenting.

I have read all the comments, but since this post is rather old, rather than making comments here in my post to each and every one of you, I'll just let everyone know that I have read all the comments and if there are any questions, I'll answer those below. Otherwise I'll simply post this comment and then head over to your blogs soon to visit and do some reading and commenting. I hope you'll have a nice welcome mat out for me!

Don't forget to let your cat come out to play with all the other ActiveRain kitties. Your cat-friendly dogs can come, too!

If you need a great cat book, get yourself a copy of Peg Silloway's The Cat Lover's Book of Days.

Hope all is well with everyone.

March 27, 2010 10:33 PM
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Rainmaker
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Jim Frimmer

Realtor & CDPE, Mission Valley specialist
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