When you enter new experience in life, it is just natural for you to search for some guidance. This is also what happens when you are so new to property business world. As an inexperienced investor, you need to rely more on others. Thus, having a mentor in this business can be a choice for you to take in order to help you make the right decision for your property business. Some people may simply pursuit formal education. However, you can always prefer the unconventional method such as having a property mentor by your side. A mentor in property business is usually those who have gone through many experiences in achieving their success in property investment. Thus, you can learn from the best since they have real experience in property investment anyway.
Finding the right property mentor to achieve your goal
The idea of having a mentor to help you build your property business is reasonable. Instead, it is creative and more convenient instead of taking formal education which is more like theoretical instead of practical. It is not wrong to take formal education though. You can use it as the foundation. However, having a property is also helpful in many ways. The next thing you need to do is to find the right mentor that will help you achieve your goal in your investment. Here are some tips:
- Before listing criteria of what kind of mentor you will need, it is wise to do self-reflecting first by asking yourself what you want to accomplish from your investment. What is your goal in involving in this business industry at the first place? If you cannot find the answer then decide it. Once you get the answer, it will be easier for you to identify the right mentor who is suitable with you. You will find the right mentor who you will look up to and learn to.
- There is obligation to choose successful mentor because success itself is subjective term. You need to have your own standard of what kind of success of a mentor that you can emulate. Every mentor may experience different kind and level of success in their investing experiences. Make sure you choose the one that you think will help you achieve your goal just right.
- There is always risk when it comes to investment including in property business. Every mentor may have their own degree in taking risk. You may need to find out first about your willingness in taking risk in what level. Then you can try to find a mentor who is willing to take acceptable risk just like you expect.
- Mentorship in property business is not a one way street. It is indeed two way street which means there should be mutual respect in it. If the mentor respects you, they will likely give you full attention since they know where you come from and your intention. Thus, make sure you find a respectful mentor who can respect you back.