Capitalism: Let the Fittest Survive
I do believe we need capitalism to run it course.
I'm tired of hearing:
I'm waiting for the next stimulus plan before I buy.
I don't want to buy now; home prices may go down more.
I think we are in for a double dip, and I want to wait till we are at the bottom.
There has not been a better time to buy then now, Interest rate are at an all time low and home prices are lower than they have been in years.
Capitalism:
People buying and selling goods at a fair price with good service; the strong will rise to the top.
There's so many thoughts that go through my mind when I read blog after blog of real estate professionals considering "throwing in the towel". When I look up, more doom and gloom news about the real estate market. The rain for over 24 hours now in Frisco TX isn't helping very much either. It's funny how sunshine can affect one's mood.
I read Katerina Gasset's post on So Are You Thinking About Quitting Your Real Estate Business? I read about posts and comments about how these times are challenging and troubling for and in real estate. While I do not deny these facts, at times I get a little tired that these terms need to be described and associated with real estate.
My question is: Why can't we let the fittest survive? Not everyone or every company (real estate or not) need to survive this "market". The weak has to make way for others to give the new an opportunity. Because America is built upon capitalism, we should and must let those who cannot fit in dwindle and die. Perhaps there is a better place for them somewhere else. Perhaps they haven't performed fully to their expectation because this is not their right path? Their destiny?
In How They Mighty Fall, written by author Jim Collins (of the Built to Last and Good to Great), Collins mentioned one very important question all businesses must answer:
How will the world be worse off if the (your) company cease to exist?
He asked, When Do You Fight to Hold On? and When Do You Decide Enough is Enough?
When he studied the demise of great companies, he saw the difference between those who offer a clear and inspired purpose for survival, built on core values than those who do not. He said, a business cannot just survive but to make a distinctive impact on the world around it, and does so with superior performance.
With that, when do you decide it's time to move on to something better? Or have you really sat down to study how distinctively you can create the impact around those you serve and serve with a clear and intentional purpose?
Capitalism is the greatest economy there is. Let the consumers decide if you should be in business or not. Sounds too gutsy? Well, it takes guts to succeed in a capitalistic country.
If you decide to you want to give it one more try, then find core values and build a business based on it.
This is the 1st of a "few" part series on How to Give Yourself A More Successful Chance at Success in the Business. I just haven't decided how many parts. I have a big heart of a mentor, in business and in life and yes, sometimes all mingled up together.
Here is Part 2: Not a Question of Value but IMPACT.
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Loreena Yeo - Realtor® in Frisco TX
Realtor®/ Broker of 3:16 team REALTY
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loreena@loreenayeo.com
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Capitalism: Let the Fittest Survive
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