From the course: Seven Streams of Real Estate Income
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Determine how much time you can commit
From the course: Seven Streams of Real Estate Income
Determine how much time you can commit
- [Narrator] Before starting any new venture, we have five questions to ask yourself. One, how much time does this opportunity consume? Two, does it leverage my core business? Three, how much revenue will this generate? Four, do I need to acquire a new team, network, or resource to be successful? And five, do I have a successful model to follow? I'll go back through each one of these questions and add more detail. How much time does this opportunity consume? This is more important to ask than how much revenue will it generate? You already have a core business, and if it's generating revenue or about to generate revenue, you don't want to take away from that. You want to add in supplement. So at the beginning, it's very important to ask how much time is this going to take? There is only so much time in a day, and your team only has so much time. So if you start something new, will it be taking away from what you're…
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