Tuesday, July 31, 2007

Three Traits You Absolutely Need to Be Successful in Commercial Real Estate

Unfortunately, commercial real estate is not for everyone.
Before taking the plunge into this vastly competitive
field, you may want to ask yourself the following
questions, all of which relates to how you work and your
personality.

-Do I Have an Entrepreneurial Mindset?

Successful professionals in commercial real estate tend to
have an entrepreneurial spirit. The have a motivated drive
or desire to succeed. Having an entrepreneurial mindset
could mean that you possess the following qualities:

-hardworking
-innovative
-goal oriented
-passionate
-organized
-creative
-a leader
-a risk taker

Some people describe having an entrepreneurial mindset as
having a "fire in the belly." In short, you have burning
desire for success in commercial real estate and you have
the creative and innovative spirit to translate that fire
into concrete action.

-Do I Have a Passion to Help Others Succeed?

If you want to be successful in commercial real estate,
particularly as a commercial real estate mortgage broker,
property broker, agent or lender, you must have a passion
to help other people succeed. In the end, your success in
any one of these specialties within the realm of commercial
real estate depends on your own ability to assist other
people achieve their own goals. Do you thrive on seeing
others succeed and knowing that you were able to contribute
to that endeavor?

-Do I Have an Internal Personal Belief System That Supports
My Success?

Finally, when it comes to achieving success in commercial
real estate, it is absolutely fundamental that you develop
and maintain a personal belief system that permits you to
fully understand that you are capable of achieving any
goal. Although some people may conclude that it is a
trite saying – you have to BELIEVE in yourself. If you do
not believe in yourself, how can you expect your clients to
trust and believe the advice that you give them? By
believing in yourself, you will have the ability to develop
an appropriate plan of action that will ensure that your
important dreams become realities. By setting goals and by
believing that through your own best efforts you can
achieve those goals, you will enjoy significant and lasting
success in the commercial real estate profession.

If your answer was "yes" to each of the questions above,
you are well on your way to finding a great career in
commercial real estate. The industry is not made for
everyone, but for those who can appreciate what it takes to
succeed, they are in for one exciting ride! Best of luck
to you!


----------------------------------------------------
Contributed by VEC Financial Group. The VEC Financial Group
(VEC) is dedicated to providing commercial mortgage and
business financing to property owners and entrepreneurs
across the country. VEC Financial provides these services
by connecting the right broker with the right borrower, who
ultimately finances with the right lender.
http://www.vecfinancial.com

No comments: