Sunday, February 14, 2010

Opportunities or Negativity?

Kia Ora,

I have being chatting to someone who is looking to move to NZ. They are saying I am negative on how it is here & yes it can come across as that. When I look at it I see two things that I am doing.

The first is being a realist. Too many people arrive in NZ with a starry eyed view to suddenly be confronted by the realities.

The second can be taken as negativity, but in fact in a ham fisted way I am trying to get across to them what the rich do.

The rich look for problems then aim to find solutions. Because if there is a problem you can bet most people are staying away from it. But a problem will lower the price of something & you make your profit when you buy, not when you sell.

So for example in a recent blog I talked about some rooms in a complex up for mortgagee sale. Eight in one day & there has being a steady stream of them lately.
Having looked at a property here before I know there is a problem. If I had the cash I would be buying those for no more than fair value, which is well below the valueation.

I noted that their occupancy was not great either, so if, with all that is going on over these I could own a large majority I would change things & use these good quality rooms for those on a benefit. Means certain occupation & any issues you get the rent paid straight from WINZ.

Also means with expected issues to come with this set up, my company that owned the rooms would engage my security company to provide guards around the clock.

Although you have to be careful in the set up of the contracts there.

But that is a simple way of looking at problems. Look for a problem & come up with a solution. I have seen a real problem in the security industry for a long time & have being working on a way to fill that gap. True there have being set backs & haven't quite made it.

So whilst I have being voicing my concerns, I have also being working at ways after each set back to plug that gap.

You just have to open your mind to the opportunities out there & then find a way to deliver. Once you do there are so many opportunities daily it is just frustrating that when you are unable to take advantage of them

Coming from a family with roots in an isolated area,we are good at seeing opportunites, not so good at converting them.

At one security company I was asked to come to a meeting with opportunities I could see. One mate came with none, one with two, the boss with one & I showed up with 26.

So to convert them it is obvious I need to team up with others who have strengths in those areas.

No comments:

Post a Comment