I don’t know many people who’ve never seen a reality cooking show featuring a famous chef going through their processes of taking raw ingredients and turning it into a culinary masterpiece.
Whether that’s MasterChef or Gordon Ramsey. I’m not a big TV watcher, but even I’ve seen one.
Isn’t it amazing how despite the seeming chaos and activity, they have a process from getting from A to B. The raw ingredients being the starting point and whether that’s shots of them going to the market and sourcing fresh produce or it starts in the kitchen, the raw ingredients must come first.
Then, step by step they carefully and meticulously carry out each task until they finally arrive at their masterpiece. It makes for interesting watching and we’re all usually salivating wanting to taste what they’ve created.
Property development is a lot like that and we’ve even seen the explosion of reality shows on property that try to mimic what the cooking shows have done. People are fascinated by it. As it happens, I think that the property shows (the few that I’ve seen) are terribly misleading as they don’t show everything (well they simply can’t) and I am astounded with some of the figures they quote.
The point I am trying to make is that development is a process and once you know it, you can repeat it over and over again.
Having established your principles and philosophy, which I talked about previously, you can then simply layer the process over this foundation and with diligence and effort, you can create a wealth creation machine, one that amazes your family and friends as to how you actually do it.