Mastery in 10,000 Steps

By
Managing Real Estate Broker with Pino Agency NJ - 9235504
https://activerain.com/droplet/Rd5

"Neurologist Daniel Levitin has studied the formula for success extensively and shares this finding: "The emerging picture from such studies is that 10,000 hours of practice is required to achieve the level of mastery associated with being a world-class expert in anything. In study after study of composers, basketball players, fiction writers, ice skaters, concert pianists, chess players, master criminals and what have you, the number comes up again and again. Of course, this doesn't address why some people get more out of their practice sessions than others do. But no one has yet found a case in which true world-class expertise was accomplished in less time. It seems it takes the brain this long to assimilate all that it needs to know to achieve true mastery."                   ~Harvey Mackay, author of "Swim With The Sharks"



286 weeks X 35 hours per week = 10,010 hours
 
In other words, at 35 hours of Real Estate work per week it will take 5 1/2 years to reach the milestone of 10,000  hours of practice needed to become a master.  I suppose if one wanted to be picky, one could say that it takes 10,000 hours to become a master-listing agent and another 10,000 hours to become an expert buyer's agent.
 
In any event, it would behoove a new agent to remember these statistics.  The industry drop-out rate hovers somewhere near the 90% mark after only one year of practice. According to Dr. Levitin an agent who gives up after only one year or 1,820 hours of work (practice) never really had a shot at being successful.  Perhaps if those agents only knew to plan for a longer learning curve, they could persevere and remain in the game.  Maybe a new agent's business plan should map out those first 10,000 hours.
 
Set yourself up for success, rather than failure.
 
 
So, here are some words of encouragement for all of you new(er) agents out there: 
 
"Patience is a virtue."
 
"Only the strong survive."       
 
"Never give up."
 
"Hang in there."
 
Aw, heck.....just remember this, "Everything will be ok."
 
"You can do it."
 
Sometimes these simple sentiments are just what the good doctor ordered, don't you think?
 
Now go get 'em!  slow no wake
 
 
 
 
 
 



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Rainmaker
354,173
John F Muscarella
RIVER FARM PROPERTIES, LLC - Venice, FL
Broker/Owner, Venice, FL, Florida's Suncoast

I read this too.  I tend to agree.  So choose wisely.

Jan 02, 2013 06:28 PM #1
Rainmaker
1,237,665
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

10,000 hours is a lot of practice!   833 days at 12 hours per day.  So years and years.  I guess I should keep at the piano practicing.  I'm no where near 10K hours!

Jan 03, 2013 05:53 AM #2
Rainmaker
2,860,404
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Christine I did not know about all these studies but my famous motivational quotes are almost word for word what you wrote:) at least the first three quotes:))

Feb 25, 2013 02:21 PM #3
Rainmaker
524,241
Ralph Janisch ABR CRS Broker
Janisch & Co. - Conroe, TX
Selling Northwest Houston to good people like you!

Interesting to hear that it takes 5 years.  In my early working life it took me about 3 years to achieve unconscious competence or until i didn't have to think about what the right thing was to do.

Feb 25, 2013 02:29 PM #4
Rainer
284,179
Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 25 Years in Real Estate!

Hi, John.  Wise words, "Choose Wisely."

Hello, Kat.  I'm wondering how long have you been playing the piano?  Don't give up.  My mom still plays everyday and she is 81 now.

Feb 25, 2013 02:30 PM #5
Rainer
284,179
Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 25 Years in Real Estate!

Endre, I think there are several ways to say the same thing and make the same point.  Sometimes we all just need to be reminded that everything is going to be alright.

Jeanne & Ralph, hang in there!

 

Feb 25, 2013 02:32 PM #6
Rainer
295,171
Paddy Deighan JD PhD
TimeshareLawyers.pro - Vail, CO
Paddy Deighan J.D. Ph.D

of course we are from Jersey so we are masters of a lot of things (all good)..we just do not seem to get the credit for such things!!!

Feb 25, 2013 02:40 PM #7
Rainer
284,179
Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 25 Years in Real Estate!

haha, Paddy!  Nice to meet you!  Thanks for stopping by this morning.  

Feb 25, 2013 02:46 PM #8
Ambassador
1,821,066
Michelle Carr-Crowe Just Call 408-252-8900 Top 1%!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

What's interesting is how many people consider themselves experts after 10 minutes!

Feb 25, 2013 03:53 PM #9
Rainer
284,179
Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 25 Years in Real Estate!

Hi, Michelle....what is that all about?  I see it, too.

Feb 26, 2013 11:52 AM #10
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Rainer
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Christine Hooks

Celebrating 25 Years in Real Estate!
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