Follow this approach to create a successful business.
So, you want to become an entrepreneur in the real estate industry?
Get ready for the ride. Your idea for your business is just the beginning.
You must find a business model for carrying out your idea. You must build a plan and processes. And, importantly, you must have strong convictions. If you do not believe in yourself and your idea, your plan and processes won’t matter.
Successful entrepreneurs follow their own 12-step program. Here are the 12 core steps you must completely embrace with passion and commitment if you wish to be successful.
Every successful entrepreneur you have met has had a failure. If they tell you they haven’t, they are either very lucky or they are lying to you. Either way, aren’t they successful now? That means they overcame the failure.
Don’t let problems distract you. Focus on solutions, keep looking forward, and learn from your mistakes. You must recognize you will reinvent yourself and your idea multiple times throughout the process, which means embracing new ideas and making modifications.
Listen to your mentors. Most important, listen to your staff and clients. Don’t be scared to change. Embrace it instead. If you can learn to thrive on change, you will create opportunity.
If you remember just one thing, it’s this: whatever it takes. If you truly believe and practice that philosophy, you will have the very best opportunity to succeed.
Bryce Malone is the chief operating officer for Axylyum Charter. Well-known throughout the private lending space, Malone’s experience includes more than 25 years in the mortgage and financial services industries. Previously, he was vice president of operations for First Residential Mortgage (dba Surepoint Lending), where he led a staff of nearly 200 mortgage professionals. From there, he made the transition from broker to banker, producing an average of $168 million monthly.
At Surepoint Lending, Malone oversaw all operations with a focus on investor and warehouse relations, secondary markets, impaired assets, and legal and compliance. In further developing impaired assets monetization, Malone became a managing partner of Right House Capital, a leading default asset liquidity company, where he later sold his stock options.
Malone’s dedicated approach defines organizational success, not only in margin maximization, but on the overall focus on efficiency of processes and market adaption.
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Follow this approach to create a successful business.