Real estate investing is ever evolving. As an investor, we have to be cognizant of these changes and adapt our business models to stay current.
New marketing strategies.
New systems and tools to improve efficiency.
New investors in the market.
New stages of the market cycle.
This is why setting 90-day goals is crucial for your business. While it’s good to think long-term as well with 1-year, 5-year, and 10-year goals, the market and industry itself is going to change drastically between now and then.
With a 90-day goal, it should be something that you can accomplish within the time period but also stretches you to do better than your norm. Think about where your business and personal life is going and what you want to work towards that will improve the quality of your business and your life.
Why do we mention 90-day goals in your personal life? There’s a few key reasons why this is important. First off, it’s beneficial to take a look at where you’re at in life and consider opportunities that would improve your personal life.
It could be spending a certain amount of hours with your family, getting up early to hit the gym on weekdays, not checking emails after a certain time, etc. Take the time to consider areas that could use improving in your life and set a goal for yourself.
It’s much easier to stay on track when it’s a shortened time frame. 90-days allows for you to have small milestones to get to your ultimate goal but isn’t too far down the timeline that you lose touch with it and toss it aside.
In real estate investing, you are your own boss. You make your own hours, your hard work is directly correlated to your success financially, and your personal life can easily merge into your business life. If you’re thriving personally, it will most likely carry over into your business life, and vice versa.
Every week or so, take a look at your goals and see how you’re progress is going. Are you going to meet your goal early and want to surpass it? Maybe you need to kick up your efforts a notch to remain on track.
By looking at your progress weekly, it’s easy to see if you’re on track.
Goals are a healthy addition to your normal routine.
What will your 90-day goals be?