Speaking about Entrepreneurship and Encouraging Buyers’ Due Diligence

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Update 26 May 2009; transcription of the video follows:

Jim Duncan with RealCentralVA.com here driving in to meet some potential buyers moving here from out of State. They had initially e-mailed me a couple of weeks ago and said that after further consideration they had decided not to buy in Charlottesville, but that they would rather rent. Now that they are here they want to investigate buying further which I think is absolutely the right thing to do. It may or may not be the right time for them to buy, but I would much rather have my clients determine for themselves whether that’s the case rather than trust really anything they read online or hear in the media. So again, doing your due diligence is absolutely the right thing to do.

The second thing is I’m talking tomorrow at Piedmont Community College to a group of tenth graders and my topic is going to be: Entrepreneurship. The two things that I think I want to convey to them is one: screw up a lot. The only way you learn is by failing over and over and over again and analyze what you did wrong. I had something on my wall when I was a kid that said: “Make New Mistakes!” I think that’s crucial. Kids who are too afraid to fail and screw up and who want to do things by the numbers are destined to be the demise of our society and our nation.

The second thing is they need to develop a network of the right people. You don’t know the right people until you’ve built that network. The right people today may be the wrong people tomorrow and the right people tomorrow may be the wrong people today. I think that I want people to understand the value of developing relationships. I think that it’s something that’s getting lost as my kid has 600 Face Book friends, but really only 15 that are active communicators. We need to value handshakes and meeting and dialogue and conversation. I think it’s something that is lost more and more in this technological age. I fear that some of the 15 and 16 year old kids out there couldn’t do a blind lunch with somebody they’ve never met and just spend an hour conversing.

Those are my thoughts. If you have any ideas on what you think tenth graders need to hear when discussing entrepreneurship, please let me know, www.realcentralva.com or call me or text me anytime: (434) 242-7140. If you’re a spammer, don’t call me.

Thanks. You all have a good day.

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1 Comment

  1. michael guthrie March 11, 2009 at 14:18

    tell them short term pleasure (bad decisions they make) can result in long term pain.
    examples:not studying because they want to have fun, reduces the chances to control their own destiny later.
    under age drinking and worse yet, driving…seems like not a big deal until you caught or even worse


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