We now know that the fallout from COVID-19 hit women the hardest. From more job losses to added responsibilities now that children are home, this time has changed and challenged women. Yet, we know the strength and perseverance of women! For motivated women, real estate investing offers a way to secure your financial future with flexibility.
At Real Estate Investing Women (REIW), we come alongside women real estate investors to offer support and resources to grow your business. We have extensive knowledge both investing and teaching others to invest in real estate. In fact, we’ve successfully navigated many challenging times, like the different economic downturns over the last thirty years.
We want to help you tap into your entrepreneurial mindset and launch a real estate investing business of your own!
Do You Have an Entrepreneurial Mindset?
Cultivating an entrepreneurial mindset is the main factor we’ve seen in women investors that succeed over the long term. Notice we said “cultivating”. Even if you don’t feel like you currently have what it takes, don’t give up your dreams. Most people aren’t born entrepreneurs. Instead, they dedicate themselves to building the skills, knowledge and backbone to succeed.
Think about your current mindset and how you can shift your energy to a more positive path forward. Real estate investing is much more about grit than degrees or pedigrees. Yes, many people in real estate investing have wealth. But, you don’t have to start wealthy. In fact, it’s possible to use other people’s money for real estate investing. You simply need to learn the tricks of the trade and have the right mindset.
What is an Entrepreneurial Mindset?
An entrepreneurial mindset is a way of thinking that helps women identify and capitalize on business opportunities. This type of thinking overcomes obstacles and focuses on success and creative solutions. Also, while professional skills, like business training, benefit entrepreneurs, any skill is teachable. The way you think about success matters more than your current training, especially in real estate investing.
In fact, REIW launched because we saw a need in the market. We wished for a place where women real estate investors could connect and learn from each other. Instead of settling for a solution that didn’t quite fit our needs, we built our own solution. That took an entrepreneurial mindset!
Four Keys to an Entrepreneurial Mindset
1 – Establish Short-Term and Long-Term Goals
Successful business professionals know goals matter. You need to know what you’re aiming for so that you can get there. Maybe your goal is financial freedom or to create your own hours. Maybe you need a way to earn an income after a layoff or want to create wealth for early retirement.
Understand your motivation and desired end game to create a vision. Then, work toward that vision with a detailed plan, like a real estate investing business plan. The plan can change as you learn more and grow. However, a roadmap gives you a direction to start. You want to make your dream a reality.
2 – Connect with Others in the Industry
Success in real estate investing hinges on relationships. Almost every aspect of this industry requires a connection to other professionals. For example, you need funding options, real estate attorneys, contractors and more to help with real estate investment projects.
Also, your network impacts your reach and reputation. At REIW, we are a community of like minded women dedicated to helping each other learn and grow. Part of being an entrepreneur is understanding how to build and gain from a strong network. Join the REIW community to link to proven and enthusiastic women in real estate.
3 – Focus on Resilience and Perseverance
As we are seeing now, running a business requires strength and focus. To be successful you must understand that failures and mistakes are part of the process. That is how you learn and become better.
In real estate investing, markets shift and adjust. You can’t throw in the towel at the first sign of struggle. True entrepreneurs know when to push through difficult times. In the end, those that persevere usually create a viable business that spans years.
4 –Become Adaptable
Life and business can change quickly. Smart entrepreneurs adjust and adapt as markets shift. For example, in the face of COVID-19, virtual real estate investing offers a way to grow your business despite restrictions.
However, adaptability matters even in good times. Regulations, markets and technology change. To stay relevant and grow you must adapt too. Invest in ongoing education to understand current trends and new strategies.
Are You Ready to Launch Your Real Estate Investing Business?
Real estate investing provides a way to set your own hours and control your financial future. However, it does take determination and information to launch a real estate investing business. An entrepreneurial mindset is a great start!
In our experience, connecting with REIW opens the doors to real estate investing. We offer coaching and mentoring to help you avoid common mistakes and learn about real estate investing from the experts. We offer both one-on-one and group coaching to match your preferences and personality.
In addition, the REIW community includes live seminars, articles, eBooks, videos, online discussion groups, networking events and more. Joining the REIW is a great way to start building your real estate investing network.
Contact REIW today to schedule a call to discuss your real estate investing needs. We’re passionate about helping women in real estate investing reach your full entrepreneurial potential.
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