|| Facing the Fear Factor
What's Holding You Back From Achieving Your Goals?:
What separates entrepreneurs from investors? Entrepreneurs have a great deal more tolerance for taking risks. By and large, entrepreneurs embark on ventures the investors are only willing to participate in when a particular venture’s outcome can be predicted with a reasonable amount of certainty.
Entrepreneurs by their very nature want to hit home runs while investors are happy to get on first base and let some entrepreneur drive them home. If it weren’t for the entrepreneur’s ability to clear the bases, neither one of them would score.
Investors willingly trade off the chance to become multi-millionaire in return for lesser pieces of the pie and of future profits. What investors fail to realize is that, if the entrepreneur strikes out, the game could end with the investor still on base. So, despite their aversion to risk, investor profits are linked to entrepreneur success, or to the success of the companies they have formed.
I haven’t even mentioned the most unfortunate person in this scenario. It is the person who is unwilling to undertake the risks associated with entrepreneurial activity, and who is unwilling to set aside a part of his earnings to be able to invest them for his own future welfare. Instead, he blithely consumes his earnings and bases his future and that of his family on promises made by the government, the union, or his employer; both of which have earned a solid reputation for reneging on those promises.
This little booklet is aimed at people who haven’t yet begun to put their time, energy, and talent to work to get their share of the entrepreneurial pie; and passive investors, who are held back by fear, who could realize much greater results as entrepreneurs.
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Table of Contents:
I’m afraid of:
NOT HAVING ENOUGH MONEY TO BUY AND TO MAKE PAYMENTS
UNPREDICTABLE UPS AND DOWNS IN THE ECONOMY
MARKET UNPREDICTABILITY - WHETHER TO BUY, SELL OR HOLD
TAKING A GAMBLE WITH TRANSACTIONS AND PROPERTY
INVESTING YEARS OF FOCUSED EFFORTS AND NOT SUCCEEDING
NOT HAVING SUFFICIENT KNOWLEDGE OF REAL ESTATE
LACK OF EXPERIENCE, SKILL, AND A HAND HOLDER
NOT BEING ABLE TO FIND AFFORDABLE AND FEASIBLE HOUSES
TAKING ON TOO MUCH PERSONAL DEBT
NOT BEING ABLE TO FIND TRUSTWORTHY PEOPLE TO WORK WITH
NOT HAVING THE CONFIDENCE TO CRAFT CREATIVE OFFERS
FEELING FOOLISH HAVING MY OFFERS REJECTED
INABILITY TO LEVERAGE DEALS AND PAY INTEREST PAYMENTS
BUYING THE WRONG HOUSE FOR THE WRONG REASON
PAYING TOO MUCH WITH THE WRONG TERMS
CONCEALED PROPERTY DEFECTS
LACK OF LIQUIDITY FOR REPAIRS, VACANCIES AND SURPRISES
MANAGEMENT, TENANTS, COLLECTIONS, AND VACANCY
LEGAL ISSUES AND PERSONAL LIABILITY
FAILING, AND LETTING DOWN FAMILY AND INVESTORS