LAU Episode 19 - My Embarrassing Lesson in 7th Grade on Taking Action Without A Plan

As you guys know, I am a HUGE fan of taking massive action. You’ve heard me say over and over that Action leads to Results and results lead to Momentum.

However, massive action without a plan can lead to disaster.

Action always leads to results. However, it doesn’t always lead to your desired result.

I learned an embarrassing lesson in 7th grade about taking action without a plan, listen to the podcast to hear my story.

I love action takers. I’ve always considered myself an action taker and sometimes it has gotten me in trouble.

Many people in the VR world take action and purchase a property without a real plan for what to do after they own it. They know that there are platforms like Airbnb to help them and they figure that is all they need. Their investment is very market dependent. Sometimes it works out and sometimes it doesn’t.

Compare that with the people who purchase a property with an acquisition plan to help analyze the location and property type.  Identify the profit potential and invest ability of the area they are looking for. They then have a specific management structure that fits their property and location as well as their needs. They know the details of who their target guest is and where they are coming from. They follow a plan to deliver a unique experience to that target guest. And finally they know every detail about how to market to that target guest and get them to book their home without the help of the OTA’s like Airbnb. They have a platform to follow up with all of their happy guests to generate repeat bookings and the list can go on and on.  Who do you think has a better chance to succeed and really maximize their investment?

Obviously, the person that has a plan and pays attention to the details.

My lesson for today is to have a plan, pay attention to the details of that plan and THEN take massive action following your plan.

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The Lifestyle Asset University and the Empire Club was formed to introduce you to the proven processes in Acquisition, Management & Marketing of your Lifestyle Assets.

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Lifestyle Assets are more than just short-term vacation rentals.  Learn how you can build a portfolio of Lifestyle Assets that provide Lifestyle & Financial Freedom for you and your family.

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For more content and expert advise, visit www.LifestyleAssetUniversity.com