I struggle with numbers. I do not have a natural talent when
it comes to math, statistics or finance. I used to joke with people about my undergraduate degree in business,
telling them that I loved Calculus, Stats and Accounting so much I took those courses twice. The reality was
that I was failing them the first time so I had to go back and do them again.
I was good at any courses that revolved around communication like marketing and organizational behaviour. If the
course required a report, a presentation or even just reading, learning and regurgitating I was almost always
assured a B+ or better. If I had to include numbers, I had to work really hard to get a B.
So when I decided to pursue my MBA in real estate, I chose finance as a second major. I wanted to be a well rounded
business person. And I know that the numbers side of the business and of real estate deals are critical.
But math doesn't come easy to me. I scored highly in math in school and even the second time around in University
because I put a ton of effort and determination into my math work. During my MBA I didn't have the same focused
determination to get through the finance classes. I just wanted to learn what I could and get through. If it
weren't for the fact that I had quite possibly the smartest math mind in our class in my group (seriously Dariusz -
I would never have survived if it weren't for you), and group work accounted for 50% of my grade, I would still be
trying to finish my MBA nearly a decade later.
I wasn't really doing myself any favours by studying finance in school, but I was smart enough to know that I just
couldn't stomach being an analyst when I graduated even though that was the best paying job opportunity available
to me in real estate upon graduation.
I should have been studying writing, marketing, and communication in school. These are some things I have
natural talents in. They are also things I love to do.
So sitting there listening to Jay Niblick I realized that it's a wonderful thing that Dave and I
are partners. He is marvelous with numbers. I decide in 60 seconds
whether a property is a good deal or not, and then he runs the numbers to make sure I'm right. He also prepares
the joint venture presentations and packages for the lenders so we're not trying to sell our deals by saying:
I just have a good feeling about this one.
Because, maybe the odd person out there would put $50,000 down on a gut feeling I have, but most people are a
little more rational than that and want to understand what their investment will give them in return ... thank
goodness for Dave because he takes care of that (and loves doing it too!) so I don't have to.
Meanwhile I worry about finding tenants for the property which
involves marketing and communications!
What we're doing today is moving in the right direction towards what Jay Niblick was teaching and if you do the
same you'll find that you can do a lot more in a day with less time. Specifically what you have to do is:
Make your success dependent on your natural talents. Fix the role you are in to fit your natural
talents - which is turning right (see image at the start of the article). Don't try to fix YOU to be successful in
the role (which is turning left).
You're not broken. Fix the role, don't try to fix yourself.
Do this, and you'll find you'll love what you're doing so much more and you'll also find the great gift of
increased productivity with fewer hours.
And for crying out loud - if you're a student trying to choose your major in University - pick something you have a
talent for and develop that natural talent!! Do yourself a favour and give yourself strengths you can depend
on!
And if you're not sure what your natural talents are - it's definitely time to find out. http://www.whatsyourgenius.com/ should help you get started.
Published June 16th,
2010 -------------------------------------------------------------------------
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