Have you ever considered the impact of a tiny change? A seemingly insignificant adjustment can lead to significant, long-term consequences.
A Flight Path to Incremental Change
I was reminded of this concept during a flight from DFW to LAX. Glancing at the flight information display, I was struck by the precision required to navigate a massive aircraft.
A One-Degree Error: A seemingly minor one-degree deviation in the flight path can result in a substantial miss after a relatively short distance. After just one mile, the plane could be 92 feet off course.
Small Shifts, Big Impact
Perspective. The flight path from Boston to Los Angeles is 2986 miles long. If you were to deviate from this path by 1%, you would end up about 30 miles off course. Closer to John Wayne (SNA) in Orange County than LAX.
This principle isn’t exclusive to aviation. It applies to every aspect of our lives, from personal habits to professional goals. A slight positive shift, like consciously practicing gratitude daily or dedicating a few minutes daily to learning a new skill, can compound over time and lead to significant personal growth.
Conversely, small negative habits, such as mindless scrolling on social media or indulging in unhealthy snacks, can gradually erode our well-being and hinder our progress.
Recalibrating Your Course
If you find yourself off course, don’t despair. Accept, reflect, and redirect. The key is to identify the small shifts contributing to the problem and make conscious efforts to correct them.
Ready to Make a One-Degree Shift?
If you’re interested in discussing how you can make positive changes in your real estate business, I’m here to help. Let’s work together to identify the small steps that can lead to big results.
Remember, every journey begins with a single step.
Overcoming the Paralysis of Analysis: From Knowledge to Action
Have you ever found yourself caught in a cycle of endless learning, yet struggling to take action? This phenomenon, often referred to as the “paralysis of analysis,” can hinder progress in both personal and professional endeavors.
I found myself in a similar situation, preparing for a Spartan race. Despite not being in peak physical condition, I was determined to push through. I realized that my biggest challenge wasn’t the physical demands of the race, but rather the mental battle against self-doubt.
This experience sparked a reflection on the broader concept of knowledge versus action. As the saying goes, “Knowledge without action is futile.” While acquiring knowledge is essential, it’s equally important to apply it.
So, how can we break free from the cycle of analysis and move towards action?
A few strategies to consider:
1. Transition from Learning to Doing
Stop Procrastinating: Don’t let perfect be the enemy of good.
Trust Your Tools: Utilize the knowledge and skills you already possess.
Take the First Step: Even small steps can lead to significant progress.
2. Embrace Imperfection
Perfection is a Myth: Strive for excellence, not perfection.
Small Changes, Big Impact: Focus on incremental improvements rather than radical overhauls.
Learn from Mistakes: Failure is an opportunity to learn and grow.
3. Create and Execute an Action Plan
Set Clear Goals: Define what you want to achieve.
Break Down Tasks: Divide large tasks into smaller, manageable steps.
Prioritize: Focus on the most important tasks first.
Track Progress: Monitor your progress and celebrate your achievements.
I always try to remember that the key to overcoming the paralysis of analysis is to take action, no matter how small. By implementing these strategies, you can break free from the cycle of endless learning and start making real progress towards your goals.
What are your thoughts on the balance between knowledge and action?
A System Will Produce What A System Will Produce, Nothing Less and Nothing More!
The “Perfect Day!” In this classic exercise, you write out your idealized, perfect day in great detail, beginning with what time you get up and what you have for breakfast, continuing through what you do for each hour of the day and who you talk to. The more detail you can add to the plan, the better.
So how do I get started? Try this:
Where (location) would you wake up, and who would be with you – if anyone?
What time would you wake up?
How would you wake up?
What’s the first thing you would do?
What would your morning routine look like?
What would you have for breakfast?
When / where, and what time would you go to work?
What contribution to your organization, to your community to others would you make?
When, what and with whom would you eat for lunch?
What time would you finish work?
What would you do in the evening?
What time would you go to sleep?
Would you exercise, have fun, or work reflection into this day?
How would you connect with your friends and family?
What hobbies would you be doing?
How would spiritual fulfillment fit into your day? What would you add?
What would you add to the list?
What would you remove from the list?
In this exercise of envisioning a perfect day, I’ve found myself drawn to a productive and fulfilling routine. My ideal day is one that balances professional growth with personal well-being. It’s a day where I can achieve my goals, contribute to my community, and maintain a healthy work-life balance.
While this may be a fictionalized version of my day, it serves as a valuable reminder of what truly matters to me in my professional life. It’s a vision of a career that is both challenging and rewarding, where I can make a meaningful impact and find joy in my work.
It’s a story of a high school football team with nothing going for them – personally or as a team. Yet, despite all odds, they end up winning the state championship.
How’s that even possible?
Lesson 1 – Don’t Write A Bad Day, Week, or Month Off As A Loss Before It’s Over Lesson 2 – Once You Hit A Goal, Don’t Give Up Lesson 3 – Give Your VERY Best Lesson 4 – You Inspire Others When You Perform At Your Best Lesson 5 – No Matter What, Refuse To Walk Around Defeated
In the end, we all know the CHOICE is ours. Yet I know – you and I – have too much to offer to play small the rest of this year.
We may make a touchdown, drop a pass, or even fumble the ball. We get back up to win the day.
“A business system will produce what a business system will produce. Nothing less, nothing more.”
Not happy with your results, month to date or year to date? Look at your systems and adjust, tweak, and innovate until you get the results you desire and deserve. Then rinse, lather, and repeat.
Be hard on the SYSTEM!
Be soft on the PEOPLE!
That’s how we do it here.
A System Will Produce What A System Will Produce, Nothing Less and Nothing More!
You only have control over three things in your life:
1. The thoughts you think,
2. The images you visualize, and
3. The actions you take.
In other news. I told Bev earlier, “True character comes out in the parking lot when you are a few minutes late, and you think someone took your parking spot!”
For our recruiting and attracting clients, the future is bright for agent growth.
As my business partner Ben Hess – a sailor, says – “fair winds and following seas:” A well-known phrase in the maritime world that means the wind and sea will likely be going in your direction.
October 2024 Commentary
Jobs and real estate work together… has that changed? My business acquaintance Mike Simonsen from Altos Research coined the term “the Great Stay.” In summary, Mike states:
Conventional wisdom has been that the job market must weaken and unemployment must rise… yet unemployment has stayed low for several years.
Normally, when unemployment is low, many of us have confidence we can find a new or better job. Maybe more likely to change jobs.
What we are seeing post-pandemic is layoff rates are very low, and the rate at which companies are hiring is low. So, no one wants to upset “a good thing.”
Housing? Homeowners have a good thing with low rates and a very good run-up in equity.
The incentive to move to “lower cost” states has equalized with higher rates. So, no one wants to upset “a good thing!”
The great stay for jobs and real estate.
While inventory is more than the prior year (34% more), it is compressing as recently at 40% more than last year.
The story that real estate is local is becoming more pronounced; for example, while Denver has more inventory than at any time in the last decade, Orange County, CA is still much tighter.
The outlook? On a National basis, Ralph McLaughlin, Senior Economist, Realtor.com, said, “We expect the economy to land softly and housing inventory to continue to recover. This should put downward pressure on mortgage rates this fall and winter and set the stage for a much better season for homebuyers in 2025.”
Bankrate did a survey that indicated “More Than Half of Homeowners Would Be Motivated to Buy With Rates Under 6% while 33% Of Sellers Would Be Motivated Below 6%.” Some are projecting that this rate scenario could occur in the first quarter of 2025.
Some additional highlights?
Conditions are better now than in prior quarters.
The third week in a row with more sales – this week, 16% more than a year ago
Very different market-by-market
Mortgage rates are now 6.18%, and a four-firm prediction says 5.68% by Q4 of next year.
National average price appreciation is expected to slow to 2.6%
Wide variation depending on geography and new home builder activity
A 14% increase in home sales (low-range 10% and high-range 21%)
2024 is projected to end at 4.7 million homes sold
2025 is projected at 5.4 million (average of 3 sources with a range from 5.2 to 5.7)
Waiting until next spring or summer would give you more inventory to choose from, but you will be up against greater competition during peak buying season.
“Nothing Good Happens When You Wait,” ~ Mark Johnson.
My takeaway?
No one can give perfect advice… yet you can provide informed advice.
Follow the data.
The trends leave clues.
It’s never been more important to understand the Macro (State and National) and Micro (Regional and Local) markets. My friends at Altos and KCM have some pretty great tools to do both. Hit me up for more insight.
In a world of endless distractions, protecting your most prized resource—”your attention”—must be a priority.
What if?
What if… we didn’t fight distraction? We just made them irrelevant.
How?
Accept, Reflect, and Redirect!
It’s not the distraction’s fault; it’s your focus.
TCF+ is the daily discipline and the daily focus!
Touches
Conversations
Face to Face or Zoom to Zoom
Plus +
Referrals
Database adds
Hires
And we all know the “R” in CRM is relationship!
Sometimes, these distractions come from A.N.T.S.: ants, say what? Automatic negative thoughts… (l learned this from Dr. Daniel Amen).
Let’s face it—agent recruiting and attraction are hard work and typically play out in the long game. They require frequent repetition of proactive tasks with infrequent positive feedback, which is fertile soil for negative thoughts and doubts.
The antidote? Complimentary resources from Recruiting Insight!
We’ve put together a library of resources to enhance your recruiting and attraction game – click here – to check it out.
What if… we didn’t fight distraction? We just made them irrelevant.