An experienced RES Course Provider in Singapore says, “Every year we train 100s of candidates to step into Realty sector. During the RES course and license training, we suggest them ways to survive the turbulent waves of the industry, but not all can win over this in practical world. They make mistakes and affect their business. It happens just because they are not prepared. Not prepared for the worst.”
Here are some reasons for why one can fail in RES. Scroll down and make sure you never make these affect your career.
Not Knowing Or Undervaluing The Competition
Whether you have recently stepped into the RES industry after completing the course in real estate and clearing the RES Exam, or you have years of experience in this industry, at every stage you have to be aware of your competition. Analyze your competition at every level. Be it the new comer in the industry or be it experienced, try to identify its working strategy and analyze how he approaches his clients and what strategy is he implementing to move ahead in the career.
If you fail in doing this at any stage, then there are sure chances that your business would move towards downfall:Sooner or Later, but it will.
Unable to set precise expectations:
If you think that keeping goals high would make you touch heights, then this is another biggest blunder that you are committing. With unrealistic expectations, you would not just affect your business planning, destroy the momentum & work spirit but would also de-motivate yourself along with the people connected with your business.
To move ahead positively make sure that you set realistic & achievable goals. And for doing this, you have to consider every available & possible option.
No preparation for lean years:
Ups & downs are part of every business. If you think that your strategies and working style would keep your business rising high and you will not have to face the downfall, then you are on a wrong track. The spirit is no doubt good, but overconfidence might affect the momentum. You have to be prepared for the lean years from monetary ways as well as mentally.
Accepting burn out:
There would be days when you would need to travel miles to show property to your clients, and there are chances that you would yield no better results out of that. To survive the burn out, you would need to do little hard work in creating work tactics & strategies along with mentally preparing yourself for this.