Pick Yourself Backup If You Fall

There was a man in Virginia named Jim Wheat. He started J.C. Wheat and Co. a Strong Regional Brokerage firm (Stocks and Bonds... not Real Estate) He suffered the same fate just after opening his company.

Being a man of character he moved his family to a smaller home, sold everything he could, and rebuilt, paying everyone back on the way.

He eventually had one of the most successful Brokerage Houses in the region. His company was bought, several times since his death, now it's part of Wells Fargo Advisors.

So... Long story short... Nice to see someone else with that same tenacity and character, it is inspiring.

-Ingrid

Stay upbeat. We had MANY upstart brokerages during the boom times. Most, if not all have closed. But on the upside, several of the brokers are now large team leaders. Making more money and having far fewer headaches. Best of luck!

I opened my own office Sept 2006 during the boom times and thankfully I was able to sock away rainy day money for when the inevitable hit.  Several times last year, sharks called to see if they could offer me some high interest capital to stay afloat. Thankfully, I still have my rainy day fund in tact and have never needed to tap into it.  Owning your own brokerage is very time consuming and not that fiscally rewarding, however the freedom to do it my way has overcome the challenges. Hang in there and hopefully the rewards will come to fruition for you this year.

That's my motto too:  "Pick yourself up, dust yourself off, and get back to it."  The longer you stay on the ground, the harder it is to get back up.  Good luck to you.

This is one of my favorite quotes from "Rocky Balboa" :

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done. Now, if you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hit, and not pointing fingers saying you ain't where you are because of him, or her, or anybody. Cowards do that and that ain't you. You're better than that!"

I'm better than that...and so are you, as you have already proven! Have a great day!

Great story of getting back in the game.  I wish you much success.

Deborah and Stever #10.  That is a great scene.  I love Rocky.

You gotta keep on keepin' on.  There is a reason you chose this profession and obviously you are committed.  You never know when the next opportunity will present itself.  In my life, the greatest success was born out of what I perceived at the time as a great failure.

Best of luck to you.  I'm sure that you'll rebuild stronger than ever because it sounds like you learned what didn't work and are now back to focusing on what does work.  Like the market, life has ups and downs and it sounds like you're on the way back up.  WTG.

More motivational quotes:  Nido Qubrin - "If what you're working for really matters, you'll give it all you got."

Oh by the way - that time clock you don't want to punch; don't worry Real Estate is 365 & 24/7.

I wish you much success in your present endeavors and I often think about Thomas Edison and his many trys at creating the light bulb.

Don,

I'm not a broker, but I know what it's like to deplete your savings to stay in business. Wishing you success.

Never give up and keep going.  I have been up and down several times in life.  Just got my broker lic.

Every true winner can list their failures....and at times they are huge ones. Find how to win at something...and do it.

Thanks for sharing your experience with us!

Thanks for the share.  You are not alone!  Keep your head up.

Don

As a broker and owner of a small brokerage, I feel for you and know how difficult and challenging it can be. I too am actively selling and must, if not, I don't eat

Ty

Good for you Don. Keep on keepin' on!

Once you get real estate in your blood and find you are doing something you not only enjoy, but that helps people in a very real way, it gives you motivation to keep on keeping on!

Don,

Glad to see you were able to bounce back!  When I start questioning myself about LIFE and it's issues, I go over all the wonderful things in my life!  Putting it in perspective really helps!