Adaero Property

Almost everyone in the property community will at some point have heard this quote from Warren Buffet, but we often need reminding of it. 

One reminder for me came recently from a brilliant entrepreneur in property who was talking about the economic backdrop and how we can choose to respond- essentially stating that the best investment you can make during times of inflation and recession is in yourself. 

You can interpret that in many different ways but in the context of property it’s well worth the time reflecting on this – how can you invest in yourself during these times of inflation and pending recession?

Investing in yourself can take many forms,  from taking intentional time out of the frontline to strategise, to reading, to keeping yourself healthy and vital, to attending webinars and online courses or becoming part of mastermind groups. 

The key thing is taking action now to invest in yourself so that you know what to prepare for and how to act in this inflationary environment.

Here are 5 suggestions of investments you can make in yourself and with your time and resources to help you right now:

#1 Invest time to look up and read some economic reports that help you understand the mechanics of what’s happening rather than getting caught up in the fear of dramatised press articles.

#2 Invest in good property [this may well require a prior step to invest in your education first, to understand how to safely invest in property]. At a very simple level, what happens to property in an inflationary environment? Good letting stock appreciates, the monthly rent goes up with the imbalance of demand exceeding supply, and the magnitude of debt in real terms diminishes. So, it makes sense to increase your long term asset holding in times of inflation. 

#3 Protect your margins – if you have a cashflow business like HMOs or SAs where you are responsible for variable costs you need to do as much as you can to control those monthly outgoings. Just this week I had a meeting with our Property Managers to run analysis on our monthly utilities and get communication out to our emergency accommodation guests about fair usage (this message will also go to contractor and holiday guests). You can also look at increasing your nightly rates slightly to accommodate the increased utilities costs.

#4 Move the responsibility of utilities from you to your tenants where possible. With HMOs that I have in Scotland and England I am in conversations with my agents right now to move them from all inclusive and individual room tenancies to leasing the whole house ie one lease to a group of students with the Edinburgh property, or one long term lease to a housing association or supported living operator with the English HMOs.  

#5 Carry out a review of your portfolio to explore the merits of a product switch now. Even if a mortgage on a BTL is not due to expire until next year, the early repayment charge might be relatively small compared to the long term saving you make by locking in a lower interest rate on a 5 year fix now as opposed to a likely higher rate come the time of expiry next year. I am literally going through this process with a couple of properties now. 

How will you invest in yourself right now?

The application window to our Mastermind Retreat is now closed as we were oversubscribed and are now officially sold out! 🥳🥳🤩

Chris and I would like to say a huge thank you to everyone who registered their interest and to those who went through the application process. We are sorry that not everyone who applied can be part of this one, however you will be on our waiting list to be alerted about our next retreat 😊. If you’re reading this now and want to get ahead of the game for next year’s mastermind retreat you can join our priority waiting list here: 

https://bit.ly/3RmOcpM

A huge congratulations to our successful applicants who will be joining us at the end of September for this year’s Mastermind Retreat. The countdown has begun and we are incredibly excited about working with an awesome group of property entrepreneurs.

In a few weeks we will be meeting at this incredible property to help each other create a clear and compelling vision for the year ahead, and then artfully map out the implementation plan to make it happen. Following the retreat our group will transform into EXECUTION SUPERHEROES, implementing their plan week by week. 

We could not think of a better way to celebrate the close of summer and to set up what will be a power finish in Q4 that will see us carrying huge momentum into next year.

When will you schedule time to create your vision and implementation plan for the next 12 months?

This week’s post is all about the WHO – as it relates to ‘Who Not How’ and in relation to WHO you need to become [in order to achieve your big property goals]. These are probably two of the biggest nuts to crack on your journey to property success. So, let’s dive in and address each of them.

#1 WHO NOT HOW

Anyone familiar with the message from the book ‘Who Not How’ will know that we can’t achieve big goals by ourselves. It takes having a brilliant team around you [the WHO’s] all playing their part to make the end goal happen. 

“Whos” help you focus on your unique abilities and achieve your goals.

The tagline of the book captures the key message as this:

 ‘The Formula to Achieve Bigger Goals Through Accelerating Teamwork’

I had the honour of kicking off mastermind week by presenting the monthly webinar. What insights could I share? Since I had recently presented our whole company vision to our SA business team, I thought that showing behind the scenes of that meeting, and explaining its rationale may be helpful for others looking to build a team for their property business.

In the presentation I drew out and shared insights and rationale to help others think about the different stages and steps in their property business journey, and about the application of who not how.

By way of a whistle stop tour, here are some highlight points:

# The purpose of the team meeting was to enroll each of them in the bigger vision that Chris and I are working towards and to show them how their contribution feeds into this bigger vision.

# Whilst our Serviced Accommodation business started with just myself and Chris, our team is now 9 altogether (split between local and virtual). I highlighted that by empowering our Managers to run the day to day business, it allows Chris and I to reallocate our time and energy to complimentary property businesses.

# The SA business is our cash flow business, and with that cash flow in place we are now focusing more time on adding long term assets to the portfolio through build to rent. 

# Our whole approach to build to rent stems from our SA learnings in being demand-led to provide accommodation solutions to different end user groups.

# I then touched on how much we enjoy applying our experience to date to help others through mastermind mentoring and coaching calls.

# The final piece to the vision that brings everything together is our long term dream of designing and building amazing retreat venues where we can host our own retreats, run high end holiday lets, and donate memorable holidays to families who have a member fighting cancer (something very close to our hearts). 

The purpose of sharing all this was to highlight how it takes a team of WHO’s all doing our part to make the goal happen. I wanted to show the team that because they are running the trading business, Chris and I are able to work on other things that create diversified income, meaning more stability for them and more opportunities for growth and development. 

Now to segway to part 2.

#2 WHO DO YOU NEED TO BECOME?

Imagine it is a year from now, and we are talking, and the mood is celebratory because you have literally had your best year in property so far…

What would need to have happened for that to be true?

More importantly, WHO WOULD YOU NEED TO BECOME, to make that happen?

Answering these two questions, and then helping make those answers a reality is what Chris and I love helping property entrepreneurs with. 

And we are super excited to extend our invitation to our Mastermind Retreat to you.

WHO IS IT FOR?

This is for those who want help to set a clear vision for their best year yet in property, create an implementation plan to make it happen and then go execute that plan.

Jim Rohn famously said, “Don’t start your day until it’s finished on paper”. Well, the same can be said for your year, and this is what our retreat does for you. 

HOW DOES IT HAPPEN?

We bring together a small group of property people to work together over 3 days, away from the front line distractions of the day to day. We walk you through a process to set the vision for the year ahead and then design a psychologically optimised plan to implement the vision.

Following the ignition of the retreat, we create the optimal conditions around you to jump start that 12 month plan with a 90 day execution sprint of weekly accountability. 

WHAT’S THE BENEFIT TO YOU?

# Learn the process for setting psychologically optimised plans

# Come away with your own bespoke implementation plan

# Execute at a far higher level with weekly accountability

# Find your private board of advisors (and accountability group) and journey with them for years to come.

# Make that vision of your best year yet happen, and become the next level you

WHEN & WHERE?

23-26 September in a luxurious setting on Lake Windermere

One of my long standing mentors who coaches high achieving entrepreneurs across the world has identified this key distinction –  amateurs set goals for the year ahead. The pros, meanwhile, are artfully designing implementation plans for their vision.

If you’d like help to set a clear vision for your best year yet in property, design the implementation plan behind it, AND execute that plan…….then we’d love to help you. 

Go here and request a 15 min call to find out more about the retreat, and when we speak we’d also be delighted to offer any advice that might help with your current property projects. 

If you’re anything like me then finding accelerated paths towards your goals is something you’re always on the lookout for. Just to be clear, I’m not talking about magic buttons and silver bullets, we all know they don’t exist- you can’t one up the universe. Whilst you can’t avoid ‘doing the work’, you CAN find optimal ways of doing things to accelerate the journey and enjoy it rather than battle through it. 

What I’m writing about in this post is one of those optimal paths – a tried and true way to accelerate your property growth journey but minimise procrastination, isolation and stress. That’s why for anyone serious about leveraging property entrepreneurship as the primary vehicle for creating life on their terms, activating the Pygmalion Effect is a necessity. 

What on earth is he on about? (you might be thinking). Lets share some definitions and I’ll explain my rationale so you can draw your own conclusions.

I am fascinated with psychology and human performance, and in the various things I read and listen to the Pygmalion effect is often referenced as a key ingredient for high performance.

Here’s a brief definition form behavioural science consultants, The Decision Lab:

“The Pygmalion effect is a psychological phenomenon that describes how other’s positive expectations of us can become a prophecy, as they lead to improved performance.”

WHY IT HAPPENS

“The Pygmalion effect happens because as social creatures, we are influenced by our own and other’s expectations. If we expect success from an individual, we are likely to give them greater support in order to help them achieve that success. Similarly, if we believe someone has high expectations of us, we will work harder to meet those expectations. Expectations act as a prophecy because they become motivators for hard work.”

If you’ve read this far, hopefully you’re connecting the dots, but I’ll explain my rationale for property entrepreneurs. 

WHY PYGMALION FOR PROPERTY ENTREPRENEURS

We (Chris and I) know first hand that a property entrepreneur’s path is fraught with obstacles and challenges like uncertainty, overwhelm, lack of clarity, lack of accountability, mental isolation and procrastination.

This makes trying to implement your best laid plans a constant struggle. 

That’s why we love to create incredible mastermind experiences for property entrepreneurs to work through these obstacles together, and help each other execute at the level of their best self. 

What I’m talking about here is literally the Pygmalion effect at work – You supercharge your results after a retreat experience like this because you’ve invested the time to stretch your thinking and translate something inspirational and meaningful to you, into an implementation blueprint that you can artfully execute on week by week. 

The bonds created on the retreat, and the understanding of each others’ business goals ignite this Pygmalion Effect which fuels a highly effective implementation sprint to finish the year strong and carry the momentum well beyond.

For people who are serious about raising their ability to execute and implement their property business plan, this is why Chris and I believe that activating the Pygmalion Effect is a necessity. 

We are going through the application process for our mastermind retreat with applicants right now but there’s still time to apply. 

CLICK THE LINK TO LEARN MORE AND TO BOOK A CALL TO DISCUSS IF IT’S RIGHT FOR YOU

IN CONCLUSION

To borrow the words of Darren Hardy, ‘there is a big difference between speed and velocity’ i.e. there’s a difference between simply being super busy and trying to work fast versus moving fast in a specific direction.

‘Velocity is going fast with a well mapped path to a clear destination.’ Darren recommends 3 things you need to do in order to achieve this:

#1 – It starts with intentional time away from the front line of your business so you can think, plan and make decisions, then you can do fewer things that matter more.

#2 – Eliminate weight by deleting, delegating and diminishing unnecessary tasks

#3 – Have tunnel vision – put your blinders on by blocking out the world and blocking out your calendar with scheduled priorities. 

We work through all 3 on our mastermind retreat.

‘Once you have your direction set and guidance system in place, then you can add speed and create massive velocity”.

This is exactly what we facilitate happening for people through our implementation sprint.

If you were to activate the Pygmalion Effect and become an execution powerhouse, how would you channel it to progress your property journey? Book a call and tell me about it 😁

Image credit: Discover Magazine

How will the second half of your year go?

OK, for some people reading this you might be thinking ‘give me a break, it’s summer holiday time, I’m not thinking about how the year will finish’. For others, thinking about what you can do to finish the year strong might be a regular thought. Yes it is summer, and you definitely need to have some time off, but we also know that summer will fly by and before long the daylight will be shorter and we’ll be looking at where we will likely finish the year. 

Will you be closing your laptop for Christmas on a high because of what you’ve accomplished? 🥳

Will you be set up to carry huge momentum and clarity of direction into 2023? 🤩

Or will you be feeling disappointment and regret because you didn’t do what was in your control to optimise your finish to the year? 😔

How you finish the year will strongly influence how you start the new year.

Either way it is in your control. You get to decide. It starts with a DECISION and continues with a commitment to DAILY ACTION of doing the RIGHT things.

SO WHAT DOES IT TAKE TO STACK THE ODDS OF SUCCESS IN YOUR CORNER SO YOU CAN FINISH THE YEAR STRONG?

Here are 5 ANSWERS I know for sure to that question:

#1 – it takes having a crystal clear goal that is psychologically optimised because it is fully aligned with your big reason why and your subconscious mind

#2 -it takes having an implementation plan with enough granular detail so that you know exactly what to start working on and what to complete each week of the quarter

#3 -it takes having a clear mechanism for measuring progress to keep you sane, happy and motivated along the rollercoaster

#4 -it takes having clear and meaningful deadlines in your calendar throughout your quarter that guide and stretch you

#5 -it takes having a private board of advisors [aka a mastermind group] who deeply understand you and who are committed to holding you accountable every week

We, and others who have journeyed with us, know that these ingredients are what delivers a strong finish to the year, and any quarter for that matter. 

If this is the kind of finish to the year that you want for yourself in 2022 and beyond, then let us help you.

This is what we love helping people with and it’s what we facilitate on our Mastermind Retreat and with our follow up accountability sprint.

CLICK HERE to find out more about it and to request a call to discuss if it’s right for you. 

We love helping people in property create more of the life they want by helping them become execution superheroes. 

That’s one month Quarter 3 done already, the end of Q3 and the final sprint to the year will be upon us soon. How will you decide to finish?

If you like the sound of becoming an execution superhero check out our retreat info here and request a call.

Are you on a journey of building a property business in alignment with your highest values?….are you striving to create more of the life you want? 

I reckon that’s probably what most of us are doing in our own unique way, but what does that specifically look like for you, and more importantly – are you happy with the progress?

Over the last 6 years, the main journey for Chris (business partner) and I has been one of starting and running our property businesses, all while aligning this with our highest values (having learned all about that on a weekend with Dr John Demartini). This journey has seen us pivoting a failing SA business into a highly successful one, single let investing, and development for long term letting assets. Alongside this we have been mentoring through mastermind days for small groups of property investors/entrepreneurs since 2018. 

We know first hand that the journey of building a property business on your terms is fraught with obstacles and challenges like uncertainty, overwhelm, lack of clarity, lack of accountability, mental isolation and procrastination.

Despite all of this, we strongly believe that every property investor/entrepreneur has the potential to make the impact they want and live in alignment with their highest values…IF they turn themselves into execution superheroes. 

That’s why we love to create incredible mastermind retreat experiences for property entrepreneurs to work through these obstacles together, and then move forward executing at the level of their best self.

I’ve been part of various mastermind groups since 2014 and ever since Chris and I started working together in 2016 we’ve dreamed of creating powerful mastermind retreats in beautiful locations.

Last year’s mastermind retreat was a huge success and we are now super excited to tell more people about it. 

WOULD YOU LIKE TO SUPERCHARGE YOUR JOURNEY AND FINISH THE YEAR STRONG WITH US?

Our applications are open to bring together a select group of people who are up and running on the property entrepreneur path, and who are looking to progress their business with the support of an awesome peer group.

We’ve been having a number of application conversations but there’s still time to register your interest and apply. 

Our next retreat is at the end of September and we could not think of a better way to celebrate the close of summer and to set up what will be a power finish in Q4 that will see you carrying momentum into next year.

If this sounds like something you’d love to be part of you can CLICK HERE to find out more.

Hope to be finishing the year strong with some of you 😊

As property investors/entrepreneurs, we are constantly learning with the aim of achieving our goals. Whether we’re learning informally through reading or listening to a podcast, or in an educational setting like a webinar or course, so many experiences will continue to provide new and important information that can enhance our knowledge, and potentially our results and our lives.

However, there’s a big difference between absorbing information and putting what you’ve learned into practice. Without doing the latter, the information and training you’ve received will go to waste, so it’s essential to have a strategy for implementing what you learn. 

Here we are at the half-way point in the year and if you read my post last week you will have seen the powerful review process and implementation plan I shared. Whether you invested the time to complete that or not, I’m sure just knowing we are halfway through the year prompts you to reflect on where you stand with implementing your goal related actions from the things you’ve previously learned. 

[For those who missed it, I highly recommend review last quarter and follow these steps to plan Q3 – here’s the link:  http://adaeroproperty.com/download/quarterly-review-and-planning-steps-for-next-quarter/   ]

So how good are you at actually implementing what you learn in order to progress your property endeavours? It’s a challenging thing to measure, but let’s give it a go. Everyone loves a bit of self discovery, so to this end I’ve created a little self assessment to help measure your ability to implement.

WHY WOULD YOU WANT TO DO THIS?

*Most of us have room for improvement however we can’t improve what we have not measured.

*To see how effective you are, and if you’re already great, brilliant – acknowledge it and double down 😁🙌.

*To know that our ability to implement is not a fixed set point, but rather it’s like a muscle that can be intentionally trained to massively grow and improve. 

*To grow your self awareness and confidence – little tests like this one are great tools for better understanding oneself, and with that comes confidence and a greater understanding of who we are and who we want to become. 

SELF DISCOVERY QUESTIONS

Here are 7 questions you need to answer honestly by scoring yourself on a scale of 1-4 where the following scoring applies:

1- I’ve never done this before

2- I occasionally do this

3- I actually do this quite a lot

4- This is exactly what I do everytime

Q1. I am clear on my WHY and on my highest values, and these act as a filter for selecting what I choose to learn and implement.

Q2. When I complete a course, I create a mini action plan to implement the top ideas and I schedule time to work on them in my diary.

Q3. Even though I might feel overwhelmed after a course or event, I’m good at defining the first small step to get me started on implementing my takeaways.

Q4. I have a weekly and daily routine that includes reviewing, planning and blocking out focus time for actioning tasks from the plan.

Q5. I am quick to turn learning into action by seeking real life situations to interact with the market place and learn from feedback/mistakes. 

Q6. I increase my chances of completing the tasks I set by layering in accountability with a coach/mentor/friend who cares about my journey.

Q7. I regularly meet with high performing action takers because being around them helps me set a higher level of expectation for myself.

WHAT DOES MY SCORE MEAN AND WHAT CAN I DO ABOUT IT?

Eager to know what your answers mean for you? You’ll find an explanation of what your score mean here:

Download the PDF for a full explanation of your score PLUS 7 HELPFUL TIPS you can start using today that will massively improve your ability to implement both what you learn and your goal related tasks.

I do hope you find this little self discovery exercise both fun and insightful.I’d love to know who invests 5 mins to do this – share your score and what you found out about yourself here. 😁

In the week ahead we will hit the end of quarter two and the half year mark for 2022. Will you use this marker for strategic reflection and planning? 

In this post I’ll share 6 POWERFUL STEPS TO REVIEW THE MID YEAR POINT IN 30 MINS OR LESS. Not only that, I’ve also included a guide for creating your implementation plan for Q3. [There’s a link further down to access an instant download of the guide, no email address required.]

 At the beginning of the year Chris  and I always set some Big Hairy Audacious Goals (BHAGs), both to grow ourselves and our property businesses. Our goals tie together our ambitions across our SA business, our resi and commercial assets, development projects and our training and mentoring. Reflecting on where we are, there has been a great deal of progress in our businesses and growth in ourselves. Whilst it can sometimes feel like taking a 6 month snapshot right now doesn’t equate to half of what we want to achieve in 2022, we recognise the importance of measuring the progress and gains. Measuring progress is such an important part of the property journey, and any endeavour for that matter. To borrow the words of big Tony Robbins, he said that “Progress equals happiness”, and I definitely believe in the psychology behind that. 

That’s why every quarter end I invest 30-60 minutes to review the past 3 months, predominantly focusing on our property business but also reflecting across other key areas of life. 

Whether you set big hairy audacious annual goals, half year goals or 90 day goals, this mid-way point in the year prompts a great opportunity to check in on where we stand with things.

This kind of exercise holds multiple rewards for you and is a goldmine of learning and ideas if you’ll just take the time to do it. Benefits include, taking time to acknowledge your incremental progress, course correcting, checking in on alignment to your highest values, identifying patterns or insights you can learn from….and so much more, you get the idea.

If you’re up for investing some high value time on yourself, here’s the full 6 step process I originally got from entrepreneur Peter Voogd several years ago and I continue to complete this every quarter. 

For those serious about their growth, I’ve made this into a worksheet with a few prompts that you can download and complete – you’ll find that here. 

As an added bonus I’ve also included a step by step guide for crafting your implementation plan for the next quarter. Taking the time to DECIDE your priorities and craft your implementation plan in this way will see you executing at the level of your best self.

You can quickly download the full pdf guide here, and no email address is required 😊

Section #1 – OVERVIEW

What went well, what didn’t?

When was I in my zone, when wasn’t I?

When was I at my emotional energy peak?

What caused me peace of mind?

What frustrated me? Did I do what I said I was going to do?

What systems have I put in place?

Section #2 – PSYCHOLOGICAL

What have been my biggest breakthroughs?

What have been my biggest frustrations?

What have been my mind-shifts?

What have been my biggest disappointments?

Section #3 – TACTICS

This section looks at what were my top 5 wins from last month/quarter; financial, family, adventure…?

Getting down to business metrics ask yourself:

Did I hit my property business income goal last month/quarter?

What were the top three marketing campaigns or sources of income last month/quarter?

What were my top income producing activities?

What are the biggest ways I’ll be producing income this next month/quarter?

How did I add value to the marketplace, could I have added more?

Did I leverage technology?

Did I maximise my reach?

What will exponentially grow my reach this next month/quarter? [you need to define this for the context of your property business ie for your SA market, or rent to buy market for example]

What did I do to stay adventurous and feel fully alive?

To help keep you from the nitty gritty march of each day it’s important to mix it with the things that energise you. It might be something small ie for me it’s getting in a game of tennis once a week, or maybe you had planned a mini break with your loved one. For those with freedom in their highest values this will be particularly important. Can you mix your passion and profession and link up travel to fun destinations with your work?

If you aren’t consciously making a decision to put things in your diary that will keep you alive and vibrant, you will become complacent and procrastinate on the big work needed for your goal.

 

Section #4 – RELATIONSHIPS

I love this one:

Who did I connect with and reach out to last month/quarter?

Did I take care of my current relationships and did I reach out to people who can cut my learning curve in half- i.e. people who I can partner with in some way that’s relevant to your business?

Did I leverage partnerships?

Section #5 – TEAM

Think about questions that will help with your team review:

How was my team engagement?

How was my speed of communication?

What feedback can I give them?

What do they need in terms of skill development?

Section #6 – LEGACY

What did I work on that was legacy focused? In other words something that you work on now but won’t get paid until long into the future, or something that you don’t reap the benefits for until way later, ie it can be creating things that you value but that you get paid 6 months or more down the road for. Note that if you just do this kind of work for the rewards/benefits you will lose steam, it’s important to engage in legacy work for other reasons, for something bigger than you.

And there you have it. With the gold mined from your previous 90 days you are primed to set yourself up for success by planning out Q3. You can do that quickly by completing the step by step guide that you’ll find here: 

Now it’s all about taking action consistently each week, measuring the progress and feeling good about showing up to put the effort in

I’d love to know if you complete this exercise, tag me with a post on Facebook and you will massively increase the likelihood of following through 😁.

Did you know that our brains have two different modes of focus?

By understanding and leveraging these modes effectively, making progress in your property business (or anything for that matter) can feel straight forward as pushing a hot knife through butter. However, by not leveraging these modes effectively your days and weeks can feel the total opposite – like trying to push treacle uphill. 

I first learned about these modes of focus about 6 years ago from a long standing business psychologist mentor who bases his approach on scientific research. When I understood and intentionally applied what I’m sharing, I experienced a step change in both productivity and sanity.

This week was mastermind week and what I’m sharing is essentially what underpinned everything we worked on in our sessions each day. More on that in a moment, first I’ll clarify the two modes of focus you need to understand:

DECISION MAKING FOCUS

We all know how tough it can be just to arrive at a decision, even with something simple like what Netflix movie to watch with the family 😊. Now take something much bigger and more impactful, like choosing a property strategy to focus on or deciding where your time is best allocated, and it can feel like climbing a mental mountain. 

The point is, we know decision making is hard mental work – it requires us to think through different options and possible outcomes. It’s tiring stuff and will literally deplete us of willpower and mental capacity. You’ve heard of ‘decision fatigue’ right – well it’s called that for a reason. Suffice to say that making decisions relating to your property business is difficult, especially when you’re trying to make decisions on your own and you are unsure of what your possible options even are. 

In order to arrive at decisions it takes that intentional focus to clarify what exactly is the decision in hand and to figure out what you will do to arrive at a decision. 

Winston Churchill referred to decision making as ‘the long road of agony’- that agony being the period before deciding should I or shouldn’t I, this path or that path. 

Churchill concludes however that“Once the decision is made all the agony goes away”. You will feel infinitely lighter and can now switch focus into taking action. 

ACTION TAKING FOCUS

This is when you have decided on a course of action – you have a clear picture in your mind of a completion point, you know your starting point and the first step, and you can just get on and do the thing without distractions or second guessing yourself. This is where the time invested in decision making pays huge dividends in your ability to execute and make visible progress.

Here’s the risk of jumping into ‘perceived action’ without investing in the DECISION MAKING FOCUS first. The danger of someone simply blocking out 3 x 1 hour slots in their diary to ‘work’ on their property business is this – when time slot 1 arrives they revert right back into decision making focus, trying to figure out what task to do first. This in itself depletes willpower and takes time. 

There’s an empirically measurable brain chemistry cost to sitting around picking out what to do next.

So lets say you decide after 10 minutes what to make a start on, it’s common to then second guess yourself and change tasks part way through because you think something else may be a better use of time. The hour flies by and at the end of it you can feel horrible about having bounced around tasks but not accomplished much. 

WHY IS ALL THIS RELEVANT?

We all know it, making decisions is hard mental work, especially trying to make decisions on your own in mental isolation. That’s why I love masterminding – as a small group acting as each other’s ‘private board of advisors’ we can arrive at big decisions far more easily. 

The way I see it, the work we do round a mastermind table is the mental gym work of decision making. Using this time to assess options and arrive at a decision- for example this strategy or that, pursue a certain property deal or not. This is all made far easier in the group environment where your thinking can be validated or challenged by your private board of advisors. With big decisions made, along with the first action steps to implement that decision, people can transition into action with clarity and conviction. This is the catalyst for making massive progress.

This is exactly what Chris and I do on the day long mastermind tables, and to an even deeper extent on our mastermind retreats where the decision making is for clarity on future self, the longer term, the year ahead and on creating implementation plans with granular specificity. [Keep a look out for more details about these mastermind retreats in the coming weeks].

So now you know the two modes of focus you need to master for massive progress in your property business.

What decision can you make today that will see you switch into action taking focus tomorrow?