By Mike Baird
Man, I love my dog! Of course, you’ve probably heard that from every dog owner out there, right? And, if you have a dog, you’re probably convinced it’s the best animal out there. It’s true — dogs are great, but they’re not just great companions and a lot of fun. They can also teach us about ourselves and how we should approach our lives, especially our careers. I’ve been thinking about this a lot lately, and I’ve come up with a few ways that my dog has taught me about effective real estate investing.
Loyalty, Loyalty, Loyalty
What’s the first thing that comes to mind when you hear the word dog? Loyalty. That’s the first thing that people should think of when they hear your name or the name of your real estate investing business, too.
If your contractors and project managers know that you’ll stay loyal to them and continue working with them whenever you can on future flip projects, they’re going to do better work for you. The same goes for your real estate agent (if you aren’t a licensed realtor yourself) and everyone else you team up with to flip houses. You don’t have to keep working with someone who doesn’t live up to your expectations, but don’t abandon them for the competition if you know they do great work at reasonable prices.
Stay Focused — And Learn to Let Go When You Need To
Stop me if you’ve heard this one before. You’re out in the yard with your dog, and you throw a tennis ball for him. He runs, grabs it, brings it back to you…and won’t let go. He wants you to throw the ball for him again, but he doesn’t want to let go of it long enough for that to happen. Eventually, you convince him to drop it, and he gets to chase after it again, which is what he really wanted in the first place.
When you start your house flipping business, you’re probably going to be doing just about everything, besides construction work and other specialty stuff. As your business grows, though, you’re going to have to learn to let go of the “ball” and let others help you. If you do, you’ll achieve your goals a lot faster and with a lot more ease.
There’s Nothing Wrong With Getting Your Paws Dirty
If you have a dirty job that needs to get done, roll up your sleeves and do it. Your dog isn’t afraid to get his paws dirty, and you shouldn’t be either. If you’re willing to do the easy-but-dirty tasks on your flips (at least in the beginning, before you have a lot of flips happening simultaneously), you can save yourself a lot of money and feel more connected to your projects, too.
It’s Important to Get Outside and Play
Finally, never underestimate the power and importance of a little R & R. Specifically, if you can get outside for a little while every day and take a walk, go for a run or play with your dog, you’re going to be a lot happier and get a lot more done when you plug back in and get to work. Playtime, exercise and relaxation are all just as important as finding leads and making deals.
So what do you think? Can you think of any other lessons you can learn from your dog about real estate investing and starting your own business? Keep an eye on man’s best friend — he might teach you some surprising lessons about growing your flipping business.