REAL ESTATE NEWS (Orange County, CA) — You may have read the headline about the Record $70 Million Sale of Jason Moore’s Laguna Beach Mansion.
Here are the top ten rules for financial success that I’ve learned from a top business man, whom I’ve had the opportunity to observe in action, Jason Moore. Not long ago, he sold his property, the largest residential real estate transaction ever in Orange County, CA. Here are some of his success principles that he has demonstrated over the years, which have inspired myself and many others:
Motivation – The beginning of the success process, motivation is required for any amount of success. It’s the reason or reasons one has for getting anything done, the key ingredient to success. Appreciation is an integral component of this motivation requirement.
Role Models – While genetics can play a role, the main reasons why successful parents tend have more successful kids is because we see what can be done by seeing others do it.
Sales – It’s a key ingredient to financial success and career success — the ability and willingness to sell yourself, and to believe in your product or service enough to convince others how valuable it is.
Real Estate – The property market is usually among the biggest money makers for just about everyone. Business to business has also been a key part of Jason’s success.
Teach – Learning and helping others are important parts of the success process.
Team – Super successful people don’t go it alone. They recruit talent to share the load, to add powerful abilities, to make up for shortcomings that everyone has, and to leverage the work and skills of others. Teams allow one person to leverage the work of many, accomplishing much more than a solo entrepreneur. Working with employees or contractors also forces the owner or manager to create an efficient, systematic workflow. Hiring profitable teams is one of the most challenging and rewarding aspects of success.
Share – Giving is not just nice. It is often the biggest motivators, the raison d’etre for success — and a potential solution to the problem of it being “lonely at the top.” Jason Moore was so into giving that he would read and give away many copies of The Giving Tree book.
Early to Bed – Early to rise provides huge advantages in time, lengthens the potential work day, and allows beating out competitors to the best deals. The early bird gets the worm.
Be Quick to Implement, Quick to Change – The most successful people implement first, ask questions later. Some call this success principle “Ready, Fire, Aim.” Don’t be afraid to miss at first. After firing, it’s much faster and easier to course correct than to try to calculate or guess the exact coordinates in advance. If something is not working, be fast to recognize it and to stop it. After giving something a quick try, it becomes much easier to add precision, make a profitable change or to do something different.
Mentors – Jason has fantastically smart, helpful parents. He also always has very successful mentors in business, role models to help guide and to motivate.
Happy Customers – While not every customer will always be happy 100% of the time, it’s important and necessary to address the concerns of all customers, and to try to satisfy customer one way or another.
Here’s another success principle: Under promise and over-deliver!
Charge More – The most successful companies tend to charge more so that they can provide better service, earn more profit, invest, expand and grow. To get paid more, provide more service and a more thorough sales process.
Live Below Your Means – Jason lived below his means: no expensive watch collection, no sports cars, no yacht. He put his money into improving the business and into real estate.
Invest – Successful people are always investing in themselves, their education, their team members, reducing costs, increasing efficiency and growing.
Leaders are Readers – Successful people read lots of books and listen to more experienced leaders. Jason tends to read books that help increase success, not entertaining trivia.
Copy, Copy, Copy – Don’t reinvent the wheel. Many successful business are based on copying a high-quality business model that your mentor is already doing successfully. When something works for you, repeat, repeat, repeat.
Hard Work and Determination – These timeless ingredients are what Jason is known for: work ethic. Work, work, work tirelessly. These are the basic ingredients of big success.
Focus – The definition of a business is FOCUS. Jason focuses on people and investments only. He does not waste time on minutiae or trivia.
Gray Area – Above average success comes from being willing and able to do what others are not. The gray area in business includes some activities that may be too difficult, require more work or may not be considered by some to be quite legitimate, but are not quite illegal. In a worst case scenario, some may call it unscrupulous, others might call it “gray area” dealing, where rules are undefined or unclear. Successful people are willing to test, to venture where others are afraid, to stake a claim where some might be afraid. Bill Gates would call it being extra competitive. At a minimum, highly successful people don’t leave money on the table. It’s sometimes easier to apologize than it is to get permission. Successful people are more likely to stake claims to what is theirs and what could be theirs.
Treat Others Right – Jason always tries to treat everyone right, to make people as happy as possible, to put others on a pedestal whenever possible. If anyone does complain about how they were treated, Jason always tries to make things right.
Whether you’re looking to achieve a $70 million real estate transaction, or to accomplish something more down-to-earth, you are sure to get a lot out of these success principles.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.