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Posted on: 07/17/2010
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Building credibility is an important an ongoing effort for real estate principals. You can go about your career and you will build credibility. However, putting your shoulder into the task and working at the process is more productive and more effective. A principal not only needs credibility, but they should determine what the elements of their credibility will be to the extent that they can.

What are the credibility building activities you can engage in as a principal or would be principal?

 

  • Industry event participation,
  • Public speaking,
  • Forums,
  • Committees,
  • Job assignments,
  • Writing,
  • Investment participation and development

 

These are probably the best specifics. Having identified these, how can you capture these opportunities and once captured what do you do with them?

Industry Event Participation

You can buy a booth, simply attend and meet, greet, and interact with attendees, volunteer to help, or participate in panels. You will be staying abreast of activity in the business and developing your own resume.

At events and investment clubs, volunteering to speak is a great way to make an impression on a lot of people and create credibility. In our world, acting in a leadership role like this is a tremendous way to gain credibility.

At events and investment clubs, topical forums are a frequent presentation and engagement tool. Participating in these forums like public speaking builds credibility.

Joining committees for your local community or other government levels delivers instant credibility. Additionally, you expose yourself potentially to tremendous opportunity as you understand better where the industry is going in your local area.

Past work experience is the most tried, true and common approach. Unfortunately, this is to some extent directed by the company you work for and because of this may not offer the positive pointed credibility you would like to have.

Writing in blogs, for other media, preparing plans, and other related items delivers credibility on several levels. The big advantage this area has is so few people are comfortable writing or have the capacity to really produce written product. By way of examples, only.01% of American's will ever write a book. While writing a book is the extreme, probably only 1% will ever write a report or a plan over 50 pages. Because assembling a complete business plan and the related documents can extend past this level, you've left much of the competition behind in the process. And, speaking of this, probably few activities create instant credibility like a blog.

In closing, as principals or would be principals, these options not only build credibility, but in many cases offer a tremendous opportunity to shape exactly what your perceived credibility and competency is. Proactively working these points is a great way to build toward a successful position as a principal.

Blake Ratcliff (US Naval Academy Graduate & Marine Officer, Serial startup entrepreneur, COO/CEO, multifamily / residential investment founder, and property manager).

Blake's crafted 100+ business plans, prepared and delivered 1000+ investor presentations, and is an expert financial modeler. A deeply experienced real estate business person and startup business expert, Blake hones your Business plans, reports, and presentations.

Visit http://internationalresidentialrealestateinvestorsassociation.org/real-estate-project-services-due-diligence-reports-business-plans

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