This Static Spot is open for sponsor

Click Here to Sponsor MCT Eric Post in Full Page

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sundanese Sundanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

 

 

Article Navigation

Back To Main Page


 

Click Here for more articles

Google
The Comfort Zone
by: Paul Lemberg
I have a friend named Gene, a serial entrepreneur who currently runs a software business. Like many people, last year was a tough one for his company. They survived largely by providing add-on services to existing customers - a decent response to difficult circumstances. They even grew revenues a bit. But here's something else that happened: They got comfortable. They decided they could exist on their base of customers, and then they "realized" there would be no new ones.

Is that bad? Isn't that just accepting reality as it is?

It might not be bad, except that Gene's people got used to the idea of "no new customers", and it stuck with them. They've continued to draw revenues from this satisfied base, but lead generation and prospecting has remained almost nil. They are now looking at an empty pipeline, and unless things change soon, I'd say the forecast for the future is not bright.

There is a state of mind I'd like to acquaint you with known as the comfort zone. Perhaps you are already familiar with this insidious disposition. Did I say insidious? How can comfort be insidious?

You know, don't you.

You get seduced by the status quo. You think things are pretty good the way they are. You like it this way, and you don't really want anything to change. When I was a young pup at General Electric we called this state of being "fat, dumb, and happy". And after a while, your progress grinds to a halt.

Comfort is defined as a condition or feeling of pleasurable ease.

You can become comfortable with all sorts of things - good and bad. You can become comfortable with your existing level of business - even if it is not quite as much business as you'd like. You know how to handle it, you can keep your staff size level - and you know how much profit you can earn from it.

Or you can become comfortable with your sources of business - even when your niche is shrinking. After all, you understand these types of customers. You know their personalities. You are familiar with how these particular people will react to your ideas. Isn't this great, you think.

You can become comfortable with your competition - even if they are bigger or more nimble or just plain better than you. At least you know where you stand, right? And since you think their moves are predictable, you perceive a measure of safety.

And of course - as you can easily see - each of these situations is fraught with danger. If not right now, then soon.

What is so comfortable about the comfort zone?

It goes all the way back to pre-history. Human beings like regularity and predictability. Change is bad. Consider the existence of a hunter-gatherer - living life in the wild - every change in the weather...every change in the environment...every new sound in the night...new people...new animals. Every one represents a mortal threat.

As modern, civilized people, we still prefer it when things remain constant and stable. We've learned the right responses so we feel adequate to the challenge. We know how to gauge our efforts, so we don't have to work too hard for acceptable results. And we can make predictions about the future, so we generally feel safe.

And it just feels so good.

The weird part is we can be comfortable even when we shouldn't.

Look at Gene's company. These people got so used to others saying no to them, they just stopped looking for new business. At least it was something they understood, right?

Wrong!

Staying in the comfort zone will kill your business, just as surely as it will kill Gene's.

Why? "My company isn't like his. Our business is sound", you say. What's wrong with being comfortable, as long as it's the 'good' kind of comfort?

On the face of it, nothing.

Except that things change.

When you are in the comfort zone - that place of pleasurable ease - it means you have accepted the status quo. You like it, and you hope things are going to remain just the way they are. You aren't changing with the changes. You aren't making progress. You have probably lost sight of your vision, and you are doing things you've done over and over and over...

You've become fat, dumb and happy.

And the precipice you are rushing towards is just out of sight around the bend.

What to do about these nice-feeling but dire circumstances?

There are 5 steps to getting out of the comfort zone.

One: Recognize that you are in the C-zone.

Have you become used to the way things are? Have you stopped pushing your business forward? Have you ceased looking for new opportunities? Have you given up taking new ground? Have you taken your eye off the ball? Have you started to let certain things - things that used to be important - slide? Have you become comfortable with your current circumstances?

If you have more than one yes - or even one - you are probably in the comfort zone.

Two: Re-commit to your vision.

Do you have a vision? Are you passionate about it? When was the last time you thought about it? Is what you see in your future the place you really want to take your life?

If you don't think you have a vision, or are no longer feel strongly about the vision you have, then it's time to do some vision work. (See www.lemberg.com/articles.html for what to do next.

Three: Set new goals and objectives.

Where does your newly resurrected vision lead you? What goals do you want to achieve along the way to realizing it? Be specific. Be concrete. (You don't have to do a whole strategic plan here - just get the motor running again.)

Four: Examine the consequences

If you remain in the comfort zone, what is likely to happen next? What are the consequences of you maintaining your personal or corporate status quo while the world around you changes? Be brutally honest. If things truly look rosy, wonderful. Good for you. But if they don't...

Five: Time to take action

The stuff that used to work, well it don't work now*

In the end, the only thing that really makes a difference is action. Whether you need a shift in what you do or a shift in who you are, either way you need to take action for something to happen. And you may not be used to action - you may have lost the habit.

Here's the short solution to busting out of the comfort zone: set five new actions which will move things forward.

Pick one and execute it right away. Start today. The best time would be as soon as you're done reading this. Then pick another and do that. And so on.

It sounds simple - and it is! The hard part is lifting off that easy chair and getting started.

Things feel so good the way they are, don't they?

Don't they?

*Apologies to Warren Zevon.

About the author:
Paul Lemberg is the President of Quantum Growth Coaching: More Profits and More Life for Entrepreneurs, Guaranteed. To get your copy of our free report with detailed steps to grow your business at least 40% faster, go to www.fastergrowthnow.com


Circulated by Article Emporium

 



©2005 - All Rights Reserved

This Static Spot is open for sponsor

Free Business Information

Read Articles:

Double Your Business Results Using Th...
Creating A Value Proposition For Your...
What are the benefits of blogging for...
Ever Wondered What An eCommerce Merch...
Running Your Own Business: The Options
Networking: Beyond the Elevator Speech
Thinking about Free or Cheap Web Host...
The Value Of Safety Videos
Succeed with your own Home Based Inte...
Five Reasons to Incorporate a Company...
How to Create Your Own Information Pr...
Why Is Small Business Health Insuranc...
Failing At Your Network Marketing Bus...
Brochures. Are yours helping or hurti...
Finding a Niche
Think Positive - Care for your Customers
Checklist for starting a business
What Goes Around Comes Around
MLM Training - Don't Sell Your MLM Bu...
Creating a Business Strategy
Interviewing Job Applicants Can Be Ha...
Internet Home Business Opportunity
Connecting With Customers
How To Get All The Traffic You Can Use?
Convert Leads Into Customers, And Cus...
How to Find Those Niche Markets Your ...
Choosing A Business Opportunity - Sta...
Tips For Hot List-Building
How To Market Without A Website
New Year's Planning - Critical Succes...
Collective of Modern Concepts to Bett...
Are You Serious About Your Work At Ho...
How To Make The Most of Public Domain...
The Power of Small Business Branding ...
How to use Three Step Direct Response...
11 Rules for Selling to a Skeptic
The 12 Reasons Why Most Ads Fall Flat...
Investing the Profits from Your Home ...
Maximizing the Use of Autoresponders
Invest Wisely in Yourself and your Bu...
Tax Tips For Small Businesses
What Software Do You Need For Your Sm...
Purchase Order Financing: for Start-u...
There Are Tons Of Small Business Gran...
Home Based Business vs. Family Time
Home Based Franchising
7 No Cost Tips to Market Your Business
How to work from home.
Call in Your Advisors!
Mark Anastasi Interview
Ozana Giusca Interview
Richard Parkes Cordock Interview
A Home Based Business That Works
Web Host Review - To Prevent Web Hos...
5 Powerful Rules for Writing Advertis...
Waiora Top Recruiters Using Conversat...
VoIP vs. Analog
FOR WOMEN: THE 5 MOST DEADLY NETWORKI...
Home Business Start up--Relocation Co...
How to Educate your Prospects
Entrepreneurs - You Might Want To Dro...
Learn to walk before you start to run!
How to Quit Your Job
Writing A Business Plan What Makes A ...
The Goldmine known as Private Label R...
Image and Branding Advertising¡KGet o...
Sales Leads - How to Generate Quality...
The Fun Of Starting A New Business
Why cutting your prices is like cutti...
Higher Prices Lead To Higher Profits ...

More Article Pages 1 - 2 - 3 - 4

Rental Property Investment - Finding The Properties
 by: Steve Gillman

Rental property investment starts with finding the best deals. To do this, you can increase your odds by finding more deals. Who's more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are those ten:

1. Look in old papers to find "For Rent" ads. Call if they are a few weeks old. The landlord may be ready to sell, especially if he hasn't yet rented the units out.

2. Look up old FSBO ads. Call on two-month-old "For sale By Owner" ads, and if they haven't sold, they may be ready to deal. Owners often give up the effort, but still would love to sell. Help them out!

3. Drive around looking for "For Sale By Owner" signs. Owners often don't want to pay to keep the ad in the paper every week, so you won't see all properties there.

4. Find abandoned properties. That's a pretty clear sign that the owner doesn't want to deal with the property. He might sell cheap.

5. Talk. Let people know you are looking and sometimes the properties will come to you. There are a lot of owners out there who want to sell, but haven't yet listed their property.

6. Talk to bankers. You might get a foreclosed rental property cheaper if you buy it before they list it with a real estate agent.

7. Offer someone a finder's fee. There are people that always seem to hear about the good deals. Have such people coming to you.

8. Eviction notices. If your local papers publish eviction notices, or if you can get the information at the courthouse, it can be useful. A landlord who just went through the procees of evicting tenants is a likely seller.

9. Use the internet. Go to a search engine and enter the type of real estate you are looking for, along with the city you want to invest in. You never know what you might find.

10. Put an ad in the paper. "Looking for rental properties to buy," might be sufficient to generate a few calls.

There is a lot more to learn to do it right, but finding good properties is a good place to start for rental property investment.

About The Author
 

Steve Gillman has invested in real estate for years. To get a free real estate investing course, and see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com.

 

 



©2005 - All Rights Reserved

JV Blogs Visit free hit counter