One of the challenges facing entrepreneurs is the issue of cash. In business , cash is oxygen. You have it, you are a hail-fellow. You don’t? Well we’ve all been there.
Amidst the exchange woes gripping the nation currently, there is hope. Wailing about how terrible the economy is won’t add more zeroes to your account balance. In this season, choose your outcome!
One of such healthy choices for budding entrepreneurs is real estate. In choosing real estate, the entrepreneur needs to be aware of certain things:
1) BARBELLS vs BARBECUES: Who doesn’t love the good life? The problem most entrepreneurs face is the fact that they sacrifice the better life on the altar of the good life.
Saying good bye to ‘squatter hood’ is achievable with discipline and so is pivoting from a rented apartment to your own building.
Do more of barbells than barbecues.
2) PLAN :There is always a plan for every individual. God’s was redemption.As an entrepreneur do you have one?
A healthy real estate portfolio would require a healthy savings plan, a healthy spending habit amongst others. You can acquire that piece of property without paying a heavy mortgage. Now what’s your plan?
3) NUMBERS: One of Christian billionaire, Strive Masiyiwa’s favorite admonition to young entrepreneurs is to follow the numbers. The numbers never lie period. Here are some numbers for you to crunch:
*Nigeria is projected to hit 400million in populace by 2050.
*Analysts suggest that to avoid a serious housing crisis by 2020, there is a need for the provision of a minimum of 1million houses per annum for the next 4 years. Somewhere in these numbers lies a gold mine for the entrepreneur. Question is : Who will find gold ?
4) TEAM UP: Even your super heroes have teams. Where are my Justice league fam?! Unless your middle name is Jil, I’d advice you find an appropriate squad to help navigate the real estate jungle.
Lawyers , estate agents etc all have a role to play. Engage! I leave you with these words by Helen Keller
“Alone we can do so little, together we can do so much”
PS: This article is a failure on arrival if it won’t spur you to deep thinking and consequent action .