Investor Cheat Code Podcast with Mike Simmons

310 – Break the Business Down into Bite-Size Pieces


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Today we're going to talk about getting things done. Whenever you're starting something new or you're trying to build something you're unfamiliar with from scratch, the tendency is to get overwhelmed. It helps to break it down into smaller pieces so you can keep putting one foot in front of the other. I talk to new investors all the time, and I always tell them: you have to figure out what you're going to do first, and focus on that step alone.

Real estate is not that complicated, but it might feel that way to someone who's just getting started. Most of real estate success, and maybe even business success in general, comes from not giving up. It might sound cliche, but it's true. It's the people that don't give up who end up succeeding. But you need to have a plan, and take massive action in a purposeful, thought-out way.

Here are a few bite-size pieces you can break real estate into:

networking
learning to evaluate a deal
finding a good deal

If you find a good deal, everything will fall into place. But you have to compartmentalize and do things one step at a time.
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