The passing of Steve Jobs saddened the technology world – and those touched by the genius synonymous with Apple. Steve Jobs epitomised the technology era – like a Father of the faith bringing the world into a modern technological era – seeing the rise of the personal computer and more recently mobile devices such as the iPod and iPhone.
Lets have a look at what it was that captured us all about Steve Jobs. There are many lessons I feel we can translate into our property portfolio and handling the current and emerging property market.
On Innovation
Steve said that “innovation distinguishes between a leader and a follower” Property investors like yourselves need to be innovators, always looking for the next deals and focusing on growth, looking for ways to broaden, improve, mould your strategy.
The great property investors see their portfolios like a business, a place that has room for innovation. Particularly in uncertain times.
Why do you invest in property? What are you doing with your investment? Is it merely a retirement plan, or do you have a greater purpose – a plan to use your portfolio to continue to grow what you do, invest in something else or use your social conscience. Its not just your portfolio but what you do with it that will really separate you out.
Focus
Steve talked about focus and excellence as the opportunity to focus on those few things that you have chosen carefully to undertake – not say yes to every good idea that comes along.
As property investors we need to understand where we are at – what our focus is and what the end goal looks like. Only when we understand these things can we really focus on the property portfolio that is our best strategy.
Passion & Purpose
Good property investors are passionate about property. They love buildings, they get a thrill out of the deal, they understand the investment imperatives and are always looking for ways to grow or secure their portfolio.
Steve aptly said “being the richest man in the cemetery doesn’t matter to me… going to bed at night and saying we have done something wonderful… that’s what matters to me”
Resilience
On a final note, and a great word of assurance for property investors in the current market, Steve had a lot to say about resilience in developing a successful outcome.
On remembering losing his job at Apple originally Jobs said “It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don’t lose faith.”
Good property investors plan for the long term. They don’t panic, they don’t behave erratically and even in a flat or down market will still find those deals that work now and into the future.
What Can We Say Then?
To those looking to invest in property – now is a great time with dropping interest rates and bargains galore in the market – whilst rents are not declining. Life deals well to the calculated risk taker – what are you waiting for?
The team at Portfolios are passionate about property investment from finance to property to the long-term deal.
“Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in square holes… they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think they can change the world, are the ones who do.” Steve Jobs.
The passing of Steve Jobs saddened the technology world – and those touched by the genius synonymous with Apple. So what can great investors learn from such a person?
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