Thursday, October 4, 2007


Tomorrow will be my weekly trip to the courthouse. I'm looking forward to it because it will be a welcome break from my current work monotony. Based off of the real estate numbers from articles I've read this week, there should be a good number of foreclosures.

To date I've compiled a list of 71 foreclosures over the last month or so. Unfortunately none of this has led to any actual purchases or cash flow to this point. It is understandable why though, since I've only been sending leads to my investor for 3 weeks. The first round of leads contained some that were weeks old and potentially had gone bad. The last round I sent had a total of 6 leads, so there wasn't much help there.

Based on what I read in the Jobber information, you should expect something like 1 in 100 leads will produce a sale. Right now I haven't reached 100 and if you don't count the first few weeks that had turned stale, then I still have a ways to go. This serves as reinforcement to my idea that I should be going out to other counties to pick up my lead quotas. Currently, I'm still sticking with the plan of exploring during the holiday on Monday, but if the courthouse is closed then I'll have to make other arrangements.

One of my brothers is actually currently employed and I've played with the idea of recruiting him. I've tried to involve him on some ventures in the past with poor result, so it makes me hesitant to even offer up the suggestion now. Also, when you don't even have a flow of income it's hard to figure out how you would split it up. What I might do is offer him a flat rate for every lead that ends in a purchase, and then hopefully the deal I have setup with my investor will provide me some solid income over that. It's hard to say what to do though, since I don't have any precedent to use for measurement.

For now, my current plans remain at a trip to the courthouse tomorrow and one planned but unconfirmed for Monday.

In concert with the books I've been reading, I developed a few new goals yesterday. My first is to get a new job doing something more inline with my goals by January 1, 2008. This is a bit of a surprise since I just changed jobs at the end of May, but the daily grind at my current job has reached an unbearable point. It's not that I don't like the job, but the work is unfulfilling and boring. It's nice to have a certain amount of free time at work, but I don't have that feeling of freedom to spend the time towards something constructive. The environment of my cubicle has become mentally taxing to the point that I find it hard to accomplish anything, even just simple tasks because I'm so use to the lackluster stream of intellectually stimulating work.

The second goal is to build contacts, systems and ideas to the point that in 3 years I will be able to break off from any job I'm involved with and start my own business. I don't have a 100% game plan of how to do all these things yet, but the idea will be to find a mentor as well as start implementing ideas from the books I read, rather than them just remaining abstract ideas. I'm not sure if I'll take the route of going to get an MBA or just trying to find a job that will teach me how to run a business, but based off of goal 1's result, that should be easy to determine.

The third goal is to be a CEO of a successful business in 5 years. Either through the business I start reaching a profitable and successful level, or through the skills learned from the business opening up offers from other businesses for me to step in at the CEO position. This is a lofty goal, but I feel like completing the first two goals will put me within grasp of achieving this.

Now the problem I have is finding a path to reach each goal. For the first one, I've already started updating my resume, I'm going through the Pathfinder, and I've started looking into companies that seem to implement the business systems I would like to learn. The hard part is breaking out of this mental rut I'm stuck in and pushing myself to focus and make progress. I'm hoping that establishing these goals here will help me to do just that.

One final note, I've been doing some reading about how to build up traffic to your blog. Some of the stuff is really gimmicky and I really don't want to do. Like I could start putting together lists of things, but it seems to trivial and pointless. But I would like to keep increasing traffic. If anyone reading has some ideas or suggestions, or things they would like to read, leave some ideas in the comments.

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