“Invest in education. If you can adopt one or two good ideas a year, you won’t have to go through all the pitfalls of figuring it all out yourself.”
Playing college basketball taught Andrew Gaydosh, GRI, to deal with the highs and lows of success and defeat. In one year, his team went from being in the top 20 in the country to 4-26.
“Athletics really parallels our business, because if you fail, you have to get up the next day and start all over again,” he says. “I find the competition motivating.”
In his college days, Gaydosh never planned to sell real estate, but he did invest in a single-family rental home with a friend. Then the summer before his senior year, he took his mom up on an invitation to go to real estate school with her and get their licenses together.
After graduation, Gaydosh joined his mom as a salesperson at a local franchise and began to learn the business. He and his mom decided they’d do better on their own, so he sold his rental property and, together with his mom, bought a RE/MAX franchise.
“I was 24--just naive enough to think I could do it,” he recalls. Indeed, Gaydosh did $10 million in sales in 2000.
Youth, he says, is an advantage. “Because I was so successful at a young age, people think of me as a go-getter.”