2017 is about to end. That means if you’re hoping to invest in a business in 2018, you should start deciding on your New Year’s resolution or resolutions now. If you’re still struggling to come up with the perfect goal, the resolutions below will help get you started.
What New Year’s Resolution You Should Keep as a New Investor?
It’s almost the new year! As a new investor in the field, it’s time to set your sights on resolutions to help you in the year ahead. Here, we’ve gathered nine New Year’s resolutions to keep you on track.
1. Set Due Dates
This will ensure that you’re on track with your business goals. However, be realistic. If you set challenges that are too difficult, not only do you put undue stress on yourself, but you decrease your chances of actually working on them.
- Have a set due date, so you’ll be less inclined to procrastinate.
- Set deadlines that not too challenging to meet.
2. Involve Other People
Being accountable to people who have been in the business field for quite some time can endow you with wisdom no one else can give. That means you should start sending invites and emails now!
- Surround yourself with people who will have a positive impact on you and your real estate career.
- Accountability is a very strong tool. Tell people you trust what it is you want to accomplish and make them hold you accountable.
Experience is the best teacher. Learning from other people’s mistakes can be eye-opening in terms of discovering what you really want to accomplish.
- Attend real estate networking events or workshops to meet like-minded people.
- Learn from industry experts who have more experience.
4. Get Rid of Bad Habits
Finding the kink in your armor can make you a stronger person and propel you forward at a faster rate. Be open-minded and take criticism as positive feedback.
- Find out what’s holding you back and try to move forward from it.
- Find out what triggers these bad habits so you can learn to avoid these situations in the future.
5. Make Sure Your Sales Pipeline Is Always Full
Having an overflow of activities and deals can ensure a higher chance of closing sales. Keep in mind that, in this business, it’s a percentage game.
- Ensure you have upcoming deals to look forward to.
- Set a goal for how many leads you want to add to your pipeline every month and do everything you can to meet it.
6. Experiment With Different Marketing Strategies
Trying out something new won’t hurt as a New Year’s resolution. If it works, then it works. If not, then find another strategy. Keep trying different tactics until you find the right one for you. Remember, everyone was new at some point.
- Try different things so you can find out what works best for you and what you are trying to achieve.
- Remember, you’ll never know if it works unless you try it yourself.
7. Break Your Goals Into Smaller, More Manageable Goals
Patiently chip away at your goals, and soon enough you’ll get to what you need to accomplish.
- Smaller goals are more realistic and more attainable.
- Work towards reducing any debt you have to avoid stacking it up.
8. Take the Emotion out of Your Investing
Involving emotions can cloud your decision making. Instead, it’s best to step back and let things cool off before you decide. Building this habit in business can be a great advantage.
- Make saving and investing a habit.
- Find a platform that automatically rebalances your portfolio and is based on your specific goals.
9. Take Advantage of Your Current Resources
Live with what you have and make it a sounding board of your current status in the business. Figures can tell you a lot about your accomplishments. At the end of the day, it’s the numbers that count.
- Pay attention to your credit score and credit report.
- Financially educate yourself to understand your present state.
If things go according to plan as you follow these new year’s resolutions, you will achieve your goals. It requires dedication, commitment, and passion that only you can deliver. Have a great and prosperous new year!
Which one of these goals will you turn into your New Year’s resolution? Let us know in the comments below.
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