Taking The Leap: From Employee To Real Estate Entrepreneur in Malaysia
Leaving a 9-to-5 stable income job in Malaysia can be daunting. It is not an easy task to become a real estate entrepreneur, but definitely achievable. Not everybody has what it takes, or are willing to pay the price to reach such a goal. There are setbacks, uncertainty and challenges both mentally and emotionally. A commitment beyond the norm is much needed to see things through.
However, it can be very rewarding for those who are willing, no matter what background you come from. To become a real estate entrepreneur, you must start with a dream. By having the right mindset and attitude, you will optimise your chances of achieving this goal that’s been brewing in your heart.
In this article, we will be discussing about simple disciplines that will build you a good reputation as a trusted real estate entrepreneur in Malaysia. We hope you walk away with useful information as you forward your journey in developing the right wisdom and stature.
The most important skill you must possess in order to become a real estate entrepreneur in Malaysia is to have the right mindset. A persistent drive and mentality to learn continuously. No matter how much you know, there is always space to learn, especially when it comes to property investment. It’s important to keep in mind that in order to succeed, you must take massive action. There is no point if you have all the knowledge in the world but fail to execute. Consider this: Each year, thousands of Malaysians start a business in Malaysia. After the first year, a huge majority of those businesses fail, and after five years, 90 percent of those businesses eventually fail too. Even if they are still around, most of them have already reached their maximum potential.
The market is always unpredictable, and so is your success. It is not guaranteed, even if you work hard. If you’re starting out as a real estate entrepreneur, you are likely to make lots of mistakes. Nevertheless, those who don’t make mistakes, don’t make anything.
Instead of dwelling on failures, learn from them. You must be tenacious to the ever-ready mindset of meeting obstacles with a smile. Be willing to overcome them at any time in order to thrive and bring your experience to another level.
One thing to know when it comes to becoming a real estate entrepreneur, is that the timing will never be right. An early start is better than later or even worse, never. There’s a popular Chinese proverb that says: “The best time to plant a tree was 20 years ago. The second best time is now.” Don’t wait. The “right” time will never come. Successful people always seize the moment PROACTIVELY to build the habits to form the foundation of lasting success.
Keep your mindset sharp throughout the day, here are some mind-sharpening habits that will keep you on top of your game:
1) Get up early in the morning: The first thing to conquer, is your alarm clock. Waking up early sets the tone and attitude for the entire work day. Sticking to your wake time is an accountability exercise to master your mind. You must fight the desire to continue sleeping. This is your first obstacle and first victory of the day. Avoid laziness like the plague.
2) Visualize Success: Whatever the mind can conceive and believe, it can achieve. Our Mentality is important in all areas of life. Your success and results are formed through the blank canvas called your goals. All you need to do, is to set a goal and envision a detailed process to obtain it. This simple practice will give you the discipline to pay property dividends in the long run.
3) Network: As you are starting out in your entrepreneur journey, it’s vitally important to build an extensive network. The phrase “It is not what you know, but who you know” seems to speak directly into the property industry. It is crucial to your long-term success in property because networking gives you the exposure to people of all levels of expertise. It would be even greater if you could find a supportive peer group that could later on become potential business partners. Networking is more than just making conversation. It is an interpersonal skill refined over time through practice and daily application. Attending conferences and networking events is a great way to get started.
4) Self-Talk: Ask any successful entrepreneur, the majority of them will tell you that self-talk methods are important. Whether you realise it or not, you already have been using self-talk techniques your whole life. If you’ve ever told yourself to wake up at a certain time, “relax”, “sleep”, “concentrate”, “smile” — you HAVE used self-talk. Self-talk is a tool that can help you to build your confidence and willpower. Talk to yourself positively and gracefully just like you would, to a good friend. There will be times when we make mistakes or fail from time to time. Implementing compassionate self-talk will help you “fail-forward”
In a nutshell…
The path of a real estate entrepreneur is truly a path less travelled. It’s not easy, but it is certainly worth it. Through the application of the tips we’ve shared in this article, we are in the hope that you gain the clarity and certainty to overcome all the obstacles you meet on the way to your success in real estate.
Would you like to avoid beginner potholes? Have the ACCESS to a WORKABLE ACTION PLAN that could help you ACHIEVE YOUR GOALS? Attend our PROPERTY TRAINING to LEARN from a SUCCESSFUL property entrepreneurs!
Warning: Our trainings may cause you to lose sleep and seriously think about changing your current financial state.