Real Estate Investor Magazine South Africa November 2013 | Page 12

MASTER INVESTOR understand what the bigger picture is about. Master the art of negotiation, networking, valuation and education. Coaching is a must! Paying for a mentor is a different game than getting free advice. Ettiene has ambitious plans for the future. He is currently creating a model to access property listings faster. He says that if all goes well, he should have contact details of 75% of all homeowners in South Africa within the next three years, which will change the game. His 30-year plan is to lead our country with one term as president and create the future with a more capitalistic than political approach. He believes it is time South Africans take action and control of their own lives: to stop talking and start doing. RESOURCES Engel & Volkers ETTIENE’S 7 LESSONS FOR BUSINESS AND LIFE 1 Keep it simple He started his first business at the age of six, selling beer to the 350 workers on their farm over weekends, for which they would otherwise have to walk 15 km to town. 2 Create a passive income At the age of 10, Ettiene realised buying and selling would require sacrificing sport and time with friends. So he set up a foozball table that charged 50c per game at the farm store and created a passive income stream. 3 There is no such thing as a quick buck At the age of 11, Ettiene invested in a “project” offering returns of 45% per month. He lost his entire life savings in one month. Today, when offered an opportunity with a return higher than 15%, he walks away. Since then, he has never regretted his decisions. 4 Lead conversations with questions At 17, his mother had a stroke and lost her speech. He learnt from her that the only way you can communicate effectively is if you ask questions. This taught him to guide negotiations, meetings or conversations to the desired outcome by asking the right questions to which the other party can only respond. 5 Take action At the age of 21, he bought his first property after visiting a friend. As he left, he announced: “I am going to buy my first property”. As he drove away, he saw an estate agent driving by, so he followed the agent, stoppe d behind him at the house and made an immediate offer. The rest is history. 6 Live with purpose and meaning Losing his father suddenly when he was 24, jolted Ettiene and made him realise two things: live life to the fullest every day, and always be ready for when your path changes. 7 Context One cannot create context from one experience. Multiple experiences will allow you to form different perceptions of the same event. Evaluate every perception and then create the bigger picture (context). 10 November 2013 SA Real Estate Investor www.reimag.co.za