Tips To Help You Navigate The Commercial Real Estate Market

Investing in commercial real estate is a good idea, but you need to know the type of real estate you plan on purchasing beforehand. A poorly research investment could end up costing you more money than it returns. Review these tips to learn to make good choices when seeking a commercial real estate property for investment.

Prior to making a large investment on a property, look at the local income, unemployment rates, and contraction of the local employers. Your house will sell more quickly and at a higher value if it is near a university, hospital or any large employment center.

Try practicing patience and remain calm, if you are considering purchasing any commercial real estate. Don’t jump into any investment without doing your research. Without due consideration, you might find that the real estate purchase does not meet your criteria for successful financial gain. It could take up to a year for the right investment to materialize in your market.

TIP! When you are buying or selling commercial real estate, always negotiate. Be heard and fight to get a fair property price.

Your investment may require a large amount of time to begin with. Although the investment might be a tremendous opportunity, it will only be good if you take care of any repairs or perhaps do a bit of remodeling. Even though this work takes time, don’t lose heart! You will be rewarded later.

Once you have narrowed your choices down to two major contenders, you should expand your decision to include the big picture. Obtaining adequate financing is a major undertaking, whether you opt for a ten-unit apartment complex or a twenty-unit apartment complex. The concept here is the same as any other situation where you are purchasing multiple things. The more you purchase, the less you will pay for each unit.

When making the selection of brokers to work with, be sure to find out how much experience they have on the commercial market. Make sure they are specializing in the desired area that you’re selling or buying in. Also, consider entering into an agreement that will be exclusive between you and that broker.

TIP! Be calm and patient when looking at commercial real estate. Do not rush into investments, or make decisions impulsively.

Net Operating Income, or NOI, is one of the most important metrics used in commercial real estate. You must understand what it means, and how it’s used. Success means that your income outweighs your operating costs.

You deal should naturally include inspections, and you should also evaluate the credentials of the inspectors. This guideline is especially important when working with people who deal in pest management; these specific fields are often populated by practitioners who lack proper credentials. Making sure all your inspectors are certified will prevent problems from arising after the sale.

It is most assuredly possible to make a good profit with commercial real estate, and these tips you have read will give you a head start. While luck can’t hurt, success in this venture will require significant work and research on your part. Not all individuals are destined for success, but with the application of the aforementioned advice, your odds of victory are higher than they would’ve been otherwise.

Whether you are a seasoned or newbie real estate investor, possessing the correct mindset will be critical to your level of success. Wall Street Journal best-selling author Mr. Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which covers this topic of developing mindset and personal excellence superbly well. It’s a must-read.

Confused About Investing? These Tips Can Help!

Making smart investments is an excellent way to capitalize and profit over time, at the very least ensure that it keeps up with inflation. Investing takes on many forms. There are bonds which are safe and stocks that are more of a risk. To learn all you can about this subject, read on.

Determine which sector of real estate excites you. You may like flipping real estate. Or, rehab projects may be more up your alley. Each area of real estate offers something different, so its best to know where your talents lie.

As you analyze business strategy when it comes to your real estate investments, understand the costs that are outside of the actual price. You may have to pay closing costs, legal fees, and staging costs, along with many other potential expenses that will impact your bottom line. When you are calculating your margins, make certain you add all your costs to the line item list you are making.

TIP! You should know that reputation is of the utmost importance when it comes to real estate. This means living up to your word, being honest, and dealing with people fairly.

Try to invest in real estate in locations that are in-demand. This is crucial since you can get more from the resale value with this type property. Try finding property that can easily be maintained.

During a negotiation, always listen more than you talk. If you try to dominate the negotiation right out of the gate, they know everything and can actually end up bidding you higher than they would have accepted to begin with. Finally, by listening closely, you will know when to offer your best deal.

Don’t do any digging around a property you haven’t closed on. It is illegal in some areas to dig, and you do not want to damage this property, either.

TIP! Find a niche and work within it. If you know your market, you’ll be more successful.

Consider hiring a company to manage your properties. It costs money to do so, but the investment can be worth it. An experienced property management company can effectively screen potential tenants as well as managing repairs and maintenance. This leaves you with more time to focus on searching for other investment properties.

Location is paramount when considering a real estate purchase. A bad house in a good neighborhood is almost always a better investment than a good house in a bad neighborhood. You could wind up sorry if you forget to factor in a property’s location in your investment decision.

In addition to residential rental properties, you may want to purchase an office building. You can earn quite a lot of money over the long term by investing in business properties. You might think about a mini-mall or an office center, allowing you to broaden your portfolio.

TIP! There are to essential rules to making an investment in an industrial or retail property. For starters, do not spend too much on the property.

Register with a reputable foreclosure listing service so that you can know about potential deals when they surface. This will help save you time. These will usually be very up-to-date.

Now that you’ve gone over this article, it should be clear what the investing basics are. Hopefully, you’ll now be able to reach your financial objective by investing wisely. Now you can get closer to any goals you have set for yourself.

Regardless if you are a investing in real estate, having a bulletproof mindset will definitely be critical to your success. New York Times best-selling author Mr. Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which goes over this topic of developing mindset and personal excellence superbly well. It’s a must-read.

Simple And Straight Forward Recommendations For Your Commercial Real Estate Ventures

This collection of general commercial real estate tips is a great place for beginners to start learning. The following collection of tips can help the beginner become a pro in the commercial real estate market.

If you are renting or leasing, be sure to know about pest control arrangements. In some areas, in particular in areas with known populations of pests, this is a very important concern.

Websites with abundant real estate investment information are worthwhile references for novices and experienced investors. No one can ever honestly claim that they know too much.

TIP! Before you invest heavily in a piece of property, investigate the economics of the neighborhood such as unemployment rates, income levels and local businesses. For example, buying a home near a large employment center, such as a university or hospital, will lead to a higher value and faster sale down the road.

It is a far lengthier, and more complicated, process to purchase a commercial property than a residential one. The duration and intensity is necessary if your investment is to yield a high return.

Your investment may require substantial amounts of your individual time and attention in the beginning. You have to look around for the right chance, and you might need to do some improvements on the property once you purchase it. Don’t throw in the towel because the process is taking too long to complete. Once you get the property ready, you will be compensated for years to come.

If you trying to choose between two or more potential properties, it’s good to think bigger in terms of perspective. Getting enough financing is a huge undertaking, no matter if you get a ten-unit complex or a larger twenty-unit one. You may have a better price, figured per unit, on the larger apartment complex than on the smaller one.

TIP! Take digital photographs of the unit. Include all the defects in the photo, such as carpet stains, or holes in the walls.

When choosing brokers with whom to work, find out the amount of experience they have dealing with commercial properties. Choose one that specializes in your area of interest. Make sure your agreement to work with that broker is exclusive.

Prior to listing your property for sale, you should first hire a reputable, professional inspector to go over the place. If there is anything wrong with your property, have it fixed right away.

Advertise your property for sale locally and outside your region. There are a lot of people who make the big mistake who think that only local people want to purchase their property. There are many investors who are interested in financing properties which are outside their area as long as they are a great deal.

TIP! Do some research on the internet to learn more about real estate and investing, whether you have a lot of experience already or are completely green on the matter. It is wise to learn all you can, as it is impossible to know too much.

Take a tour of a property you might purchase. You should consider asking an experienced professional to come with you and examine the properties you have an interest in. Set the stage for future negotiations by putting forth the preliminary proposals. Carefully look over any counteroffers you receive before you make your final choice, whatever that may be.

A letter of intent should be kept simple by focusing on larger issues and leaving smaller issues to negotiate later. This will make negotiations less tense and make gaining agreement on the smaller issues easier to complete.

It’s hoped that the information in the preceding paragraphs are more than plentiful in getting you started in your commercial real estate dealings. Remember to apply these tips and work on improving your skills linked to property hunting and negotiating.

Regardless if you are a new or veteran real estate investor, having the proper mindset is most absolutely going to be critical to your level of success. Wall Street Journal best-selling author Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which goes over this topic of developing mindset and personal excellence superbly well. It’s a must-read.

You Can Sell Your Commercial Property Quickly And Easily

Commercial real estate is a very difficult, time-consuming investment. Yet the rewards can be substantial, outweighing the risks easily. Follow these tips to become successful in commercial real estate.

Negotiate, whether you’re the seller or the buyer. It is important that your concerns and opinions are heard and recognized by the other parties; you must always put forth the effort to ensure fair pricing for the commercial property.

Use a digital camera to document the conditions. Be sure the photos capture any defects that exist in the unit, such as holes in the wall, and damaged or dirty carpets.

TIP! Regardless of whether you are buying or selling the property, it is in your best interest to negotiate. Make your voice heard and strive for fair market value pricing.

There is much more time and work involved in purchasing a commercial property rather than a residential property. Yet the greater the risk and time, the greater the profit, so take this into consideration when you think about the type of investments you want to make in the future.

If you are trying to choose between two desirable commercial purchases, the larger one may be the better choice. Getting the financing you need is going to be complicated whether you choose a five-unit building or a fifty-unit building. This works in the same way as buying bulk items from Costco. You buy large numbers of items to pay less per item.

When choosing a broker, ask about their experience specifically in the commercial real estate market. Make sure you know that they actually specialize within the area you plan on selling and buying. Most brokers will require you to have an agreement to work exclusively with them.

TIP! You should take numerous, high-quality photographs of the property. Make sure your pictures clearly show any damage or defects, including carpet stains, holes in the walls or discoloration of plumbing and counter tops.

It is always best to be aware of how your asking price is in relation to the market price. Your property’s actual value is influenced by many factors.

Prior to listing your property for sale, you should first hire a reputable, professional inspector to go over the place. This way you can make sure it is prepared in advance of a sale, and if any problems arise during the inspection you can take care of it on the front end.

As has already been stated, the purchase of commercial property can be a very profitable investment. Follow this advice to succeed, and avoid traps with your commercial real estate.

Whether you are a real estate investor, possessing the right mindset will definitely be crucial to your level of success. Wall Street Journal best-selling author Mr. Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which covers this topic of developing mindset and personal excellence superbly well. It’s a must-read.

Read This Crucial Information About Commercial Real Estate

Getting involved in commercial real estate transactions is sometimes overwhelming, and both beginners and veterans will find it stressful at times. This article provides several valuable tips, along with a lot of useful information that will help make your endeavors in commercial real estate easier to manage, less stressful, and more successful.

Buying commercial real estate is much more complicated and time-consuming than buying a home. You should understand that although this is a huge undertaking, when all is said and done you will receive a big return on the investment.

You should expect your commercial real estate investment to require a significant time commitment. The time aspect of the investment includes finding the property and making any repairs to the property. Don’t let the amount time you need to put in during this phase discourage you. Stick with it and you’ll be rewarded.

TIP! Take digital pictures of the place. Include all the defects in the photo, such as carpet stains, or holes in the walls.

When interviewing potential brokers, ask them to tell you about their experience level with the type of commercial investments you are interested in. Be sure that they specialize in the area that you are buying or selling in. Then if they meet the criteria you are looking for, you can agree to work with that broker exclusively.

It is always best to be aware of how your asking price is in relation to the market price. Your property’s actual value is influenced by many factors.

If you plan on renting out your commercial properties, find simply and solidly constructed buildings. A well-built building will attract tenants quickly because tenants want a property that is solid. Not are the buildings more sturdy, there will be less maintenance issues for the owner and the tenant.

TIP! When entering the commercial real estate market, patience is perhaps your best ally. Never rush into a particular investment.

Strive to keep your commercial properties occupied at all times if you choose to rent them to tenants. If you have open spaces, then you are the person who will be paying for their upkeep and maintenance. You need to ask yourself why properties are not getting rented and fix any issues you discover.

Check a commercial property for access to electricity and other utilities; make sure there is good access. Your business has its own utility needs, but you are most likely going to need water, sewer, electric and possibly even gas.

Searching for commercial real estate may be stressful and likely overwhelming for someone new to the process, but also the same is true for someone who is experienced. Apply the advice from this article to help make your search for that perfect piece of commercial property a little less stressful, and a lot more enjoyable.

Regardless if you are a new or veteran real estate investor, having the proper discipline will definitely be crucial to your success. New York Times best-selling author Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which goes over this topic of developing mindset and personal excellence superbly well. It’s a must-read.

Want To Start Investing But Are Confused On Where To Start? Read This!

Are you considering an investment in real estate? If you are, then you must understand how real estate works prior to spending money. Jumping into a purchase without knowing how to not make mistakes can cost you big money. To start on the right path with investing, continue reading the article below.

Avoid purchasing property before having a property inspector come and take a look at it. If they offer to pay for the inspection, it may be someone that favors them. You need neutral inspections or reports from a person that you can trust.

There are to essential rules to making an investment in an industrial or retail property. Firstly, do not overpay for the plot. Do not pay too much for the business itself. Look at both the potential property value as-is, and understand how much rent is paid by the business. You must make sure that both of the answers are good enough to make a final purchase worth your while.

TIP! Location is key when searching for an investment property. Property condition and other factors are usually subject to change.

Try using a company that specializes in property management. Even though it will eat into your profits, in the end, it can be a wise investment. An experienced property management company can effectively screen potential tenants as well as managing repairs and maintenance. This gives you extra time to spend on other investments.

Location is a big part of real estate. A bad house in a good neighborhood is almost always a better investment than a good house in a bad neighborhood. Think about the location of the property you want, and consider ways to work with this to maximize your profits.

Always look for properties locally. When you do this, you already know what the neighborhood is like. Plus, if you’re renting, you can be more secure in the fact that you know what’s going on in the place. The true way to control the investment is through self-management because it is nearby.

TIP! Seek out fellow real estate investors. It is helpful to get pointers from others who have more experience.

If you want to purchase different properties, make sure to do it in a certain geographical location. This will reduce the transportation expense that you incur. It will also allow you to become an expert in the real estate market of that specific area.

It can be great when investing in real estate, but you must absolutely know what to do. Using the advice above, you can invest wisely. Remember them as you go forward.

Whether you are a seasoned or newbie real estate investor, possessing a bulletproof mindset will be crucial to your level of success. New York Times best-selling author Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which goes over this topic of developing mindset and personal excellence extremely well. It’s a must-read.

No Clue How To Start Investing? You Need To Read This!

Investing in real estate can help you when you want your income supplemented, and it could really become a source of income. To succeed, you must use proven methods that actually work to make people money. Avoid bad deals in real estate; continue to read for great advice that help you make money.

Learn all you can before you start investing in real estate. You are going to learn many techniques and strategies that can help you when investing in real estate. It is recommended that you research as much information as possible to better your chances of success.

Investing in retail and industrial properties requires that you pay attention to two things. First, do not pay too much for the ground. Second, don’t pay too much for the business. Consider every aspect of the property’s value. Both numbers need to be good for you to buy this property.

TIP! You must develop a good feel for local property values. Mortgages and rent in your local neighborhood could give you a better feel for the house’s value as opposed to its financial statements.

Ask other people who have invested in real estate for their advice. It is important that you get the advice of investors who are more experienced than you. Their knowledge can prevent you from making mistakes and save you some money. Search the web for people who know what they are doing. Join some forums and make an effort to meet some of the users.

When thinking of purchasing a property, make it a point to get a good and affordable handyman. If you don’t, you may end up having your profits eaten up by expensive repairs. Good handymen are great for emergencies that a tenant may have if it is after hours, as well.

Know the opportunity cost of your time. Perhaps you intend to fix up properties; however, is the time spent worth all the work? Would your time be better used searching for new properties? Outsource what you can. It’s worth freeing up your time for the more important aspects of your business.

TIP! Have a professional inspect real estate before you buy it. Sellers often will cover the costs of inspections.

When investing in real estate , you’ll recoup your initial investment, plus a profit. If you only recover your investment and don’t turn any profit, then you have wasted the time spent flipping the property in the first place. Make necessary changes and renovations, and list the property for more than what you originally got it for.

It is important that you start out slow in the beginning. You might find that your first transaction takes some time. There may not be the right properties out there, or your terms couldn’t be met. Don’t get nervous and put your money into something you don’t need. You could be throwing money down the drain. Instead, simply be patient until you find the right property.

Now that you’re done reading this article, you know what it takes to succeed at real estate investing. Naturally, you want to make money, and these tips should help you do that. You will get what you want only through hard work, so it is essential that your learning process never stops.

Regardless if you are a investing in real estate, possessing the correct mindset is most absolutely going to be crucial to your level of success. New York Times best-selling author Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which covers this topic of developing mindset and personal excellence superbly well. It’s a must-read.

There Are Steps That Need To Be Taken When Purchasing A Commercial Property

Purchasing commercial real estate is vastly different from purchasing a residential property. Here you will find some effective ideas and tips to help you get started in your commercial real estate project.

Try practicing patience and remain calm, if you are considering purchasing any commercial real estate. Never rush into an investment. You might find out that the property is not what you needed after all. It could take as long as a year to find the right investment in your market.

Find websites which contain expert information on commercial real estate and use the information to your own advantage. No one can ever honestly claim that they know too much.

TIP! Negotiating is essential. Make sure you have a voice and that you are offered a reasonable amount of money for the property.

Commercial real estate is more time consuming, confusing and involves more than just buying a home. Understand, however, that this additional time and effort often translates into higher returns.

If you are in a situation where you have to choose between two attractive commercial properties, remember that size matters. Getting adequate financing is very important in undertaking an investment that pertains to a ten or twenty unit apartment complex. Also, purchasing more units is like buying in bulk. The more you buy, the cheaper each unit will be.

Research your prospective brokers to see how experienced they are with the commercial market. Make certain that they have experience and expertise in the community you are dealing in. Entering into an exclusive contract with that particular broker is a good idea.

TIP! Be calm and patient when looking at commercial real estate. Do not be hasty about making a investment decision.

Learn to set realistic prices by observing the market. Your property’s actual value is influenced by many factors.

If you rent or lease the commercial properties you own, keep them occupied as much as possible. You’re the one who has to pay to keep the building maintained, and if no one’s renting them, you’re wasting your money. If you have multiple unoccupied properties, try to determine the reasons why, and rectify the problems that are keeping tenants from renting the spaces.

If you put the commercial property up for sale, have it inspected. Repair any problems that the inspector finds immediately.

TIP! When purchasing any type of commercial property, pay close attention to the location of the real estate. Think about the type of neighborhood the property is in.

If you are hunting among multiple properties, make a checklist for touring sites. Allow yourself to consider the initial proposal responses, but avoid carrying it any further without informing the current owners. Do not be scared to let the owners know about other properties you have in mind. Telling the property owner that he has competition for your money might inspire him to offer a better price to encourage you to buy from him.

It should now be apparent that you need to consider any commercial real estate transaction from multiple angles. Have the tips in this article in your mind so that you can make sure you receive a good deal, which is exactly what is needed for housing a business.

Regardless if you are a new or veteran real estate investor, possessing the proper discipline will be critical to your success. New York Times best-selling author Mr. Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which covers this topic of developing mindset and personal excellence superbly well. It’s a must-read.

Expert Investing Tips You Can Use Today

Investing in real estate can be a very profitable way to increase your income substantially within a short time period. But, success in this type of investing comes about with learning how to do it the right way. The following article offers the best tips in real estate investing.

You need to decide the type of real estate you want to invest in prior to beginning your adventure. You might find flipping ideal for you. Perhaps, you’re more suited to doing rehab projects that need rebuilt from the ground up. Each type offers its own set of challenges.

Ask other people who have invested in real estate for their advice. You should reach out to these investors that are more experienced for some great advice. Friends who know about investing in real estate can be a great asset. A great way to find some is by using the internet. Join forums to learn as much as you can.

TIP! Prior to investing in real estate, do your research. Doing so can give you a lot of useful advice about how to make money in real estate.

Educate yourself on the basics of investing in real estate prior to spending your hard earned money. This will put you in the best position to make money. Taking time to learn all you can about it can help you stay protected.

Be mindful of the value of your time. Rehabilitating properties might be something you are good at, but it might not be worth it due to all the labor that is involved. Or, are you better off handing off the work and spending your time hunting new opportunities? Whatever you can outsource, do it. Make time for other parts of your business.

Avoid digging around your property if you are trying to improve the home for sale. Call a professional to come over just to make sure there are no electrical lines or anything else that is important lying around the property. In some places, it is illegal to do any kind of digging and you also don’t want to damage the property.

TIP! Always have any property inspected by a professional, third party before investing. A seller may offer to have the inspection done, but he may use someone who is biased.

Think about hiring professional property managers. This will cost a little but will help a lot in the long run. They can screen potential renters and help with repair costs. This gives you extra time to spend on other investments.

Try to buy local properties. When you do so, you are less likely to fail as a result of not knowing the neighborhoods and markets. You will live near your rental property so you won’t have to constantly worry about it. The true way to control the investment is through self-management because it is nearby.

There is not doubt that investing in real estate offers impressive potential for producing substantial wealth. If you don’t know the right things, this arena is a tough area to get into. Hopefully, you have learned some helpful advice from this article so you can get started.

Whether you are a new or veteran real estate investor, having the correct mindset is most absolutely going to be crucial to your success. New York Times best-selling author Mr. Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which covers this topic of developing mindset and personal excellence superbly well. It’s a must-read.

Strategies On How To Get A Good Deal In Commercial Real Estate

Commercial property is a good investment if you can take care of it. You may feel overwhelmed, or worry that you won’t be able to take care of all that you need to. There’s certainly a lot you need to learn before you get involved in commercial real estate, but this article will familiarize you with the basics.

Before you sign a lease, find out about pest control. You should make inquiries regarding pest control procedures, particularly if you plan to lease somewhere that is known for insect or rodent infestations.

In the beginning, you may find it necessary to spend a great deal of time handling your investment. It will take time to find a lucrative opportunity, and after purchasing a property, it may need repairs or remodeling. Don’t throw in the towel due to the massive hours needed. Once you get the property ready, you will be compensated for years to come.

TIP! To prepare for any sizable investment in commercial real estate, investigate indicators of fiscal health around the property in question, such as average income levels for nearby residents, rates of employment and unemployment, and whether jobs in the area are rising or falling. A home that is in a great area, like next to good schools and parks, and has jobs available, will have a higher value than surrounding properties.

Make sure that the broker you decide to work with has experience in the commercial market. Make sure that they are experts in the area in which you are selling or buying. At that point, you might want to consider entering into an exclusive listing with that agent.

For a commercial property you plan to rent out, make sure it is a solid construction with a simple design. Rental spaces that appear sturdy and well-maintained tend to attract tenants more quickly. Buildings like these are also easier to maintain, for both owners and tenants, since repairs are going to be required less frequently.

Try to keep your commercial property rentals at full occupancy. If there is still open space, it will be incumbent upon you to pay for maintenance. If you have more than one property without someone in it, think about why that is, and fix any problems that might be occurring.

TIP! Commercial property dealings are exponentially more complicated and time intensive than buying a residential home is. Keep in mind, though, that the complexity is required to ensure that your real estate investment gives you a high return.

Make sure you have the right access that has utilities on commercial properties. Your particular business might need additional services, such as cable, but at the minimum there should probably be sewer, water, phone, electric and gas.

When advertising your available commercial property, do so locally, but also regionally and even nationally. Many people make the mistake of assuming that only local buyers will be interested in buying their property. In many cases, a private investor will be interested in a property even if it’s not in their area, so long as its price is a good one.

When hiring a real estate agent, read the disclosures completely before signing a contract with a realtor. It is important that you realize that you may be entering a dual agency transaction. In a dual agency the Realtor represents both parties of the transaction. This means the real estate agency will work as the landlord and the tenant. Real estate agents must disclose any dual agency. Both the tenant and the landlord must agree to accept dual agency.

TIP! Once you have narrowed your choices down to two major contenders, you should expand your decision to include the big picture. It’s just as difficult to obtain adequate financing for a 10 unit apartment complex as it is for a 20 unit building.

As you now have learned, buying any type of real estate requires a lot of work and effort yet is truly rewarding in the end, use what you learned and you can have a promising future ahead. Perseverance is another important attribute for anyone interested in this market. If you follow these tips, you should soon become the owner of a property.

Whether you are a investing in real estate, possessing the proper discipline is going to be critical to your success. Wall Street Journal best-selling author Mr. Orrin Woodward published a book called “RESOLVED: 13 Resolutions for LIFE” which covers this topic of developing mindset and personal excellence extremely well. It’s a must-read.