Success in the sector is very hard and requires a specific set of skills, a proper approach and more. With lessons on real estate success by Farhan Cheema, the senior official of Zaitoon, we can now learn the 5 most important qualities for an entrepreneur to succeed in the real estate sector.
- Entrepreneurial Mindset
- Effective Communication
- Investment Strategies
- Strong Work Ethic
- Market Knowledge
Entrepreneurial Mindset
An entrepreneurial mindset is something that evolves with time, experience and industry knowledge. With your goals ever-changing, you need your mindset to evolve as well. Farhan Cheema from the top management of Zaitoon and years of experience in the sector believes that real estate has a lot of potential for emerging entrepreneurs. With industry norms changing it is important to have new minds in the sector for its betterment.
Success in the real estate sector as an entrepreneur is more on the aspect of having a problem-solving approach, calculated risk-taking ability and your choice to grow and innovate. Mr Cheema believes it is one of the most important aspects of real estate.
Effective Communication
According to Mr Cheema, communication plays the most important role for an entrepreneur to succeed in any sector. For instance, the real estate sector is full of negotiations, deals and problems that require efficient resolution. Hence, an entrepreneur who can create a liaison between the two connecting sectors such as construction and real estate, banks and real estate or so, has the best chance of exponential growth.
Furthermore, clarity in communication is also necessary since concise conversations save you time and misunderstandings. In conclusion, we can say that a communicative person can be an ideal choice for a top management-level position of any real estate developer, builder or consultancy firm.
Investment Strategies
Every person either an entrepreneur, a businessman, a job seeker or a 9-5 employee should have a strategy of investing. A strategy to invest helps you to formulate goals, define your targets, channel your money into a particular direction and have a safer approach. Every successful investor has a plan, a plan that does not revolve around fast money but also growth, innovation and sustainable income sources.
Strong Work Ethic
The key difference between a successful and a failed entrepreneur is persistence and work ethic. You can never be successful with just one of these two traits. For success, Farhan Cheema explained,
Having the right work ethic is one thing, doing the right things with a correct approach is good, but doing it with consistency is what brings success to a person.
Farhan Cheema – Country Head of Zaitoon
Hence, persistence and work ethics are what define success in the real estate sector for an entrepreneur or even an investor. The industry in itself is challenging, full of obstacles, and not new to setbacks. Hence, resilience and determination help you to face the issues and succeed. In the pursuit of success, communication, mindset, continuous learning and market knowledge are what ensure that your work ethic is good.
Market Knowledge
To keep up with the trends, the new innovative approaches and strategies it is important to have market knowledge. Learning and implementing new things not only helps you to grow but learn and improve your company or you as an entrepreneur. According to other successful entrepreneurs in the field, it is important to keep track of the things that can have an impact on the real estate sector.
