"Rarely is it a quick turn around, you have to adopt a long-term plan much the same as an athlete in the Commonwealth Games."
Nearly every single professional athlete has had major setbacks in their career, and Malcolm said the same thing happens in the commercial real estate world. Things go wrong, but it's how you pick up yourself and get on with it that matters.
"You cannot be put off or disenchanted when you have a short term setback," Malcolm said.
"It may be a roof leak or you may have a major tenant leave. You have to be prepared for this, and have the ability to manage it."
Also sometimes in sport it's not about winning the gold medal, but achieving something to the best of your ability and managing your expectations, and the same goes for commercial real estate.
"Do not expect results beyond your capability. Doing a personal best is a bit like making a profit slightly above market. Don’t be greedy, that is what matters.”
* this article was originally published on the Commercial Property Guide website here.
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