During the 2 years of the pandemic, a lot of traditional businesses shut down. For instance, a lot of bubble tea shops at SS2, Petaling Jaya shut down because of the pandemic.
While no one knows exactly what the future holds, when the pandemic ends, the commercial real estate business will accelerate again. It happens every real estate cycle.
There are plenty of opportunities to be successful from the peak to the through of a cycle. The right place at the right time, connection, and having valuable information are the three keys to success in commercial real estate. For example, the investors will agree that you make the most money when you buy right with the right price.
Investors are always looking for ways to make more money in the commercial real estate and development business. Don't struggle to determine the right time, the right place, and how to find unique insider information and big relationships. The right time is now.
Now is the right time.
Now is the time to expand your relationship.
Now is the time to improve your information and take risks.
1 Build Your Relationships
To expand your networking, use your contact management software such as LinkedIn, Facebook, Instagram, Tik Tok, even the hottest platform Xiao Hong Shu, and even your email address book. Rate the quality of the contact by their ability to help you win future business opportunities, determining the soonest and largest opportunities first.
2 Leverage Your Time
What’s one of the biggest complaints of business owners?
“I don’t have time!”
“I’m busy!”
But most of the time, we’re wasting time on things that aren’t that important to our businesses. Time is precious; we should spend the time by meeting with your best people and finding ways to help them. Spending time with your tribe is not time wasted; it’s time well spent. Plan your weekly or monthly schedule to avoid your time being wasted.
3 Take Smart Risks
Maybe you try out different investments, you may find that you’re trying something entirely new. It might feel scary and insecure. To be frank, taking risks is intimidating, but taking smart risks can have big payoffs. Taking a smart or calculated risk means researching potential outcomes and determining what your chances of success are and if the payoff is worth risking the harm that could be done.
By Mark Zuckerberg : ‘’The Biggest Risk is NOT Taking Any Risk.’’
It’s best to start out by taking small risks. When you get familiar with it, you’ll probably become more comfortable.
Need help getting started? We are here to the rescue! Our CRM will give you the best advice to invest in commercial real estate by determining the best investment for you. Click the button below to learn more.
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