DAY 5

We met today around 10am.  It was the first business meeting with member's of our team.  Our goal was to set some guide lines for working together as well as establish a timeline for upcoming projects.
There was also a property we were going to look at, it's an 8 unit apartment building.  This particular property has been on the market for a long time which means the seller's may be open to some creative financing techniques.
The meeting started off well, however, about half way through there was a disagreement between several parties concerning our choice to focus on real estate this year.  Unfortunately they did not see eye to eye and things escalated into an argument that ended the meeting with one individual actually leaving.
An unfortunate set back to say the least.  Due to this happening, no business was accomplished.  This was upsetting for me because it seems once I get so close to making it happen some unexpected obstacle alway's seems to arise.  Although I am empathic with both parties on the issues that arose and helping them both come to a resolution, I am also dismayed, that once again, business is put on hold.
It's not to say that the problem is unimportant or cannot be solved, its just sad to me that people have such a hard time focusing on the task at hand.
To me, personal issues must be kept separate from business even when that is hard to do.  There also must be a mutual respect between parties to, at the very least, agree to disagree.  Maybe its a good thing that this happened now instead of slowing things down later.
At any rate, I am going to focus on moving forward, which is exactly what I did after the meetings end.
Once both parties were taken care of I continued to focus on the task at hand and salvage what I could of the meeting redirecting things back to business.  Unfortunately we had to cancel the property viewing and move on to something else.
I was determined to still get something on paper today even if it killed me.  Remember, I also worked all night at the casino, so by this time I had already been awake for a long time and was running out of energy.  Since my goal this year is to take action I was committed to getting something done even if it meant changing the plan.  They say that one must be flexible in business in order to survive and today was a test to that effect.

So, we decided to reconvene at another location and go from there.  We were meeting in a local restaurant and would need to go home to use the computer and look up needed info in order to continue.  Once we got to the apartment of one of the members of the team we took a quick break and got something to eat.  Then we decided to take a drive and look at other properties that were not on todays schedule.
Once we got back on the road I felt good again.  It was nice to get out even though it was late and I was getting very tired I wanted to make sure to take action no matter what.
We headed to the book store to look up some real estate info and get some new idea's.  Luckily I was able to find exactly what I needed!  I was looking for the denominator's for figuring the number's on properties.
There are several computations to make when figuring a property's current and future value.

One thing I believe is very important is to have things written down.  Especially when it come's to writing a business plan.  I think the one thing that stops most people from getting their idea's off the ground is the lack of knowing how to write a business plan or read a financial statement.
Writing a business plan, actually getting it on paper, is in my opinion, one of the most important things I must do this year.  I must learn how to write a plan and the best way to learn that I know of is by doing it.
Once I have a plan on paper I can get financing for it!  Any kind of financing be it through a bank or private lender must have a written plan.  My goal this year is to get things on paper, not just writing down my goals or do to lists, but actually writing an entire business plan from beginning to end.

So that's what we did today, even though we had a set back, we continued on to do what we could with the time we had left and to continue with taking action and getting something down on paper.
After looking up the information we needed, we sat down in the coffee shop and began to write down a simple list of things we would need to move on a project we came up with several weeks ago.

That's it for today, I'm happy that I have three day's off and I plan to get lot's more done.  It's been a long night and day, for now, I'm going to get some rest and start again tomorrow.

Next post coming soon.