In this next post for BiggerPockets.com, I discuss how building a real estate investing business can be compared to a flywheel.
Here is a short excerpt:
“They mention the concept of the flywheel effect in several episodes. This concept, coined by Jim Collins who authored Good to Great, can be imagined as a large wheel that is very difficult to move without a great amount of strength. However, once it begins to move at a sufficient speed, very little energy is required to keep the wheel in motion.
Relating this concept to real estate investing, most people start their real estate business with a combination of low investing capital, poor credit, few real estate related connections and/or little knowledge. I’m sure a lot of people feel like they are doing this alone as their family and friends think that they are crazy. For most people this will be the hardest point in their business.”
Comments and questions would greatly be appreciated.