Fortune Favours the Bold

 2016 will be an average year for you...unless you decide otherwise. 

2016 will be an average year for you...unless you decide otherwise. 

Welcome to my first blog post! This month I've chosen to focus on entrepreneurship as a theme, since as of late, it seems to occupy a lot of real estate during my dinner conversations with friends.

Having recently changed real estate agencies to KW Urbain, I have devoted more time to thinking about aspects of my business, and things I could be could be doing better, areas I want to improve in, as well as strategies to get to where I want to be. For many small business owners that I've spoken to, this time of year is also the time to take stock of the previous year, in order to reboot for a new one. (For others, maybe it's just the time of year to buy pair of new winter boots.)

My approach to 2016 has so far been, "it's now or never". Part of this inspiration has come from a fresh start at a new banner, but also from a profound resolve that there are simply things that can't get put off any longer...like my website, which I feel I've been pregnant with for two years. It's time to give birth to that baby already, but more on that in a bit.

It's February, so how are your New Years's resolutions coming along? January has already come and gone, and yesterday we celebrated the year of the Monkey to start the Chinese New Year. Are you still thinking about all of the things that you have to do, or are you going bananas with all that you're doing? Thinking and doing are two very different mindsets for an entrepreneur. They are each complimentary, but neither one on their own will guarantee success in achieving your goals.

In speaking with a lot of friends who are entrepreneurs, I've realized that the key difference between those who are marginally successful and truly successful is their ability to execute. Executing means putting ideas into action, both thinking and then doing (and then thinking about how that could have gone better).

If you don't try, how will you know what works and doesn't work? Fear of failing (or fear of success - it's the same thing) can hold you back from realizing your wildest dreams. Both failure and success are forms of learning, and both outcomes can bring you a step closer to fulfilling your goals, with the right mindset. Your mindset should be that you can learn from anything.

Of course, success is relatively easy to digest and learn from, in contrast to the alternative. So the key is really about understanding how you respond to setbacks. Are you able to get back up after falling down, and pull a Taylor Swift, and shake it off? Or are you stuck in a state of analysis paralysis?

Analysis is good, but too much can be crippling. When I was working for a real estate development in downtown Montreal, my boss once said to me, after a particular sale had gone awry, "Let's not try to understand this, Gemma. Just sell." It was quite shocking for me to receive this Wolf of Wall Street feedback at the time, but in essence, she was telling me to shake it off and not obsess over it. She wanted to set my frame of mind back into execution mode. As a result, I made a sale the very next day.

In this day and age, life runs at the speed of light (or the Internet, depending on your bandwidth). Entrepreneurs who are able to pivot easily and make the right adjustments at the right time, are the ones that excel. So if you've been thinking about doing stuff for your business, or overwhelmed by everything on your to do list - stop now. Pick one thing. And execute.

1. Think about what you would like to accomplish this year. Set goals.

2. Prioritize your list of things to do to achieve your goals. Pick one thing.

3. Execute.

4. Review. Success and failure are both forms of learning. Don't be afraid to learn. Both outcomes exist precisely for this reason. It's life teaching you a lesson.

5. Fear of failure and fear of success are the same thing. You're the only one standing in the way of your own success. It's a mindset.

6. Shake it off.

7. Get back to executing.

It's now or never.

Thank you for taking the time to read my first post. Every month, I'll be exploring a different aspect of real estate through this blog, with bi-weekly posts on Tuesdays and Thursdays. I will also have website launch news for you this Thursday! 

I'm always open to your ideas and I'm happy to answer any real estate questions you my have. So holler at me: gemma@kw.com.