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How can you develop resilience when starting a new job in Commercial Real Estate?

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Starting a new job in Commercial Real Estate (CRE) can be challenging, exciting, and stressful. You may face high expectations, steep learning curves, and fierce competition. How can you develop resilience, the ability to cope with adversity and bounce back from setbacks, when entering this dynamic and demanding field? Here are some tips to help you thrive and grow as a CRE professional.

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1 Know your why

Resilience is fueled by a sense of purpose and motivation. Why did you choose CRE as your career path? What are your short-term and long-term goals? How do you want to contribute to your clients, colleagues, and community? Remind yourself of your why regularly, especially when you encounter difficulties or doubts. Your why will help you stay focused, optimistic, and passionate about your work.

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Matt Gardner

An enthusiastic leader, astute investor, and experienced fighter pilot, I am dedicated to cultivating high-performing teams and enhancing operational efficiency.
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To develop resilience when starting a new job in Commercial Real Estate, focus on building a strong foundational knowledge of the industry. Embrace learning opportunities, seek mentorship, and stay informed about market trends. Cultivate a network of supportive colleagues and industry contacts. Be adaptable to change, open to feedback, and ready to face challenges head-on. Lastly, maintain a positive mindset, set realistic goals, and manage stress effectively to navigate the ups and downs of the industry.

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2 Learn from feedback

Feedback is essential for your improvement and development as a CRE professional. However, it can also be hard to receive, especially if it is negative or critical. Instead of taking feedback personally or defensively, try to see it as an opportunity to learn and grow. Ask for feedback from your mentors, managers, and peers, and listen to it with an open mind. Identify your strengths and areas for improvement, and make a plan to address them. Thank them for their feedback, and show them how you apply it in your future actions.

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JT Marting

Underwrote $1,000,000,000+ of Potential Multifamily Acquisitions & Leased 100+ Units | Sharing a Student's Journey in CRE
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As a student, I've been able to experiance many different environments and niches in commercial real estate through a variety of internships. When receiving feedback, it is imperative to maintain an open and receptive attitude. Listen attentively and objectively, seeking to understand the underlying message and the context in which the feedback is given. This approach will enable you to discern constructive insights that are crucial for your professional development.

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3 Embrace challenges

Challenges are inevitable in any job, but especially in CRE, where you have to deal with complex transactions, diverse clients, and changing market conditions. Rather than avoiding or fearing challenges, embrace them as opportunities to stretch yourself and develop new skills. Adopt a growth mindset, which means believing that you can learn from your experiences and improve your abilities. Seek out challenges that align with your goals and interests, and approach them with curiosity and enthusiasm. Celebrate your achievements, and learn from your failures.

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4 Build relationships

Relationships are the key to success in CRE, as they provide you with support, guidance, and opportunities. Building relationships with your clients, colleagues, and network can help you develop resilience, as you can rely on them for advice, feedback, and referrals. Invest time and effort in cultivating and maintaining relationships that are based on trust, respect, and mutual benefit. Be proactive in reaching out to people, offering value, and following up. Be respectful of their time, preferences, and needs. Be grateful for their assistance, and reciprocate when possible.

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5 Take care of yourself

Resilience is not only a mental skill, but also a physical and emotional one. To cope with the demands and pressures of CRE, you need to take care of yourself holistically. This means paying attention to your health, well-being, and happiness. Make sure you get enough sleep, exercise, and nutrition. Manage your stress levels, and find healthy ways to relax and recharge. Pursue hobbies and interests that bring you joy and fulfillment. Seek help when you need it, and don't be afraid to say no when you have to.

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6 Keep learning

The CRE industry is constantly evolving, and so should you. To stay resilient and competitive, you need to keep learning and updating your knowledge and skills. Read industry publications, attend webinars and events, enroll in courses and certifications, and join professional associations. Seek out mentors and coaches who can help you grow and advance in your career. Be curious and humble, and always look for ways to improve yourself and your performance.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How can you develop resilience when starting a new job in Commercial Real Estate?

1

2

3

4

5

6

7

1 Know your why

2 Learn from feedback

3 Embrace challenges

4 Build relationships

5 Take care of yourself

6 Keep learning

7 Here’s what else to consider

Commercial Real Estate

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How can you develop resilience when starting a new job in Commercial Real Estate?

1

2

3

4

5

6

7

1 Know your why

2 Learn from feedback

3 Embrace challenges

4 Build relationships

5 Take care of yourself

6 Keep learning

7 Here’s what else to consider

Commercial Real Estate

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