Let's face it, only the strong and savvy survive a shake up and shake out of the magnitude the past few years showered upon the real estate industry. If you're still in your home and still have your job then give yourself a self-congratulatory pat on the back. You are a survivor and still in the game.
What a difference a decade makes. The new millennium began with Let the Good Times Roll and ended with The Party's Over. Many agents cleaned out their desks and fled for greener pastures. Others banished the excess, trimmed the fat from their business plans and hunkered down for the long haul. Similar situations occurred in many other industries. The Fat Cats were not quite as portly and the slices of the Great American Pie grew smaller.
My guess is if you're not running a leaner, meaner and greener business than you operated in 2000, you are no longer in business or you have very deep pockets while you wait for things to return to "normal." Real estate is a volatile industry marked by cyclical ups and downs. Whatever stage of the cycle it is currently in is normal.
One of the trademarks of a survivor is to adapt to the current environment and thrive during every market swing. The challenges are greater but so are the rewards for those who persevere. Whatever your industry, your real estate goals or your personal goals, 2010 will present challenges and opportunities as the year unfolds. Your success will be determined by your actions.
Make it a Happy and Prosperous New Year!
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.
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