• Open Valuate
  • Product Chooser
Real Estate Financial Modeling Real Estate Financial Modeling Real Estate Financial Modeling Real Estate Financial Modeling
  • My Account
  • Open Valuate
  • Product Chooser
  • Home
    • About
    • Why Real Estate and REFM
    • The REFM Story
    • Testimonials
  • REFAI® Certification
    • About REFAI
    • Preview the Course
    • Buy Now
  • Textbook
    • Learn More
    • FREE Audiobook of Chapter 1
    • FREE Online Companion
    • Buy Now
  • Software & Tools
    • Software
      • Valuate®
    • Free Excel Tools
      • Apartment Development
      • Multi-Family / Apartments
      • Condominiums and Townhomes
      • Office / Industrial / Retail
      • Hotel
      • Land and Housing
      • Self-Storage
      • Leasing
      • Excel Keyboard Shortcuts & e-Books
    • Excel Projection Models for Purchase
      • Apartment Development
      • Office / Industrial / Retail / Leasing
      • Hotel
      • Land and Housing
      • Self-Storage
      • Private Equity Funds
      • Mortgage Notes
      • Condominiums and Townhomes
  • Training & Certification
    • REFAI® Certification
    • Private Coaching
    • Corporate Solutions
      • Corporate Solutions Overview
      • Corporate Live Training
      • Corporate Self-Study Courses
    • Self-Study Programs
      • The New York Course
      • Foundations and Certification
        • Level 1, 2, 3 Bootcamp Bundle – Best Value!
        • Level 1 Excel for Real Estate Bootcamp
        • Level 2 Real Estate Finance Bootcamp
        • Level 3 JV Waterfall Modeling Bootcamp
        • Understanding IRR
        • Level 1, 2 Bootcamp Bundle
        • Level 2, 3 Bootcamp Bundle
      • Joint Ventures and Private Equity Funds
        • Level 1, 2, 3 Bootcamp Bundle – Best Value!
        • Level 3 JV Waterfall Modeling Bootcamp
        • Level 2, 3 Bootcamp Bundle
        • Private Equity Fund Modeling
      • Development Transactions
        • Condominiums/Townhomes
        • Apartment/Multi-family
        • Office/Industrial
      • Acquisition Transactions
        • Apartment/Multi-family
        • Office Property
    • Excel Certification
    • Colleges and Universities
      • Colleges and Universities Overview
      • Live Training
      • Self-Study Courses
    • Free e-Books and Excel Keyboard Shortcuts
  • Consulting & Auditing
  • Blog
    • Home
    • Education & Skills
      • Real Estate Finance 101 Mini-Quiz
      • Joint Venture Waterfall Modeling Mini-Quiz
      • Financial Modeling 101 Mini-Quiz
      • Principles of Commercial Real Estate Finance Course
      • Principles of Commercial Real Estate Finance
      • Video Tutorials
      • 60-Second Skills
      • Peter Linneman Audio Interview Series
    • Cap Rates
    • Capital Markets
    • Crowdfunding
    • Development
    • Financing
    • Joint Venture Partnerships
    • Private Equity Funds
    • Valuate Software
    • Valuation
Real Estate Financial Modeling Real Estate Financial Modeling
  • My Account
  • Open Valuate
  • Product Chooser
  • Home
    • About
    • Why Real Estate and REFM
    • The REFM Story
    • Testimonials
  • REFAI® Certification
    • About REFAI
    • Preview the Course
    • Buy Now
  • Textbook
    • Learn More
    • FREE Audiobook of Chapter 1
    • FREE Online Companion
    • Buy Now
  • Software & Tools
    • Software
      • Valuate®
    • Free Excel Tools
      • Apartment Development
      • Multi-Family / Apartments
      • Condominiums and Townhomes
      • Office / Industrial / Retail
      • Hotel
      • Land and Housing
      • Self-Storage
      • Leasing
      • Excel Keyboard Shortcuts & e-Books
    • Excel Projection Models for Purchase
      • Apartment Development
      • Office / Industrial / Retail / Leasing
      • Hotel
      • Land and Housing
      • Self-Storage
      • Private Equity Funds
      • Mortgage Notes
      • Condominiums and Townhomes
  • Training & Certification
    • REFAI® Certification
    • Private Coaching
    • Corporate Solutions
      • Corporate Solutions Overview
      • Corporate Live Training
      • Corporate Self-Study Courses
    • Self-Study Programs
      • The New York Course
      • Foundations and Certification
        • Level 1, 2, 3 Bootcamp Bundle – Best Value!
        • Level 1 Excel for Real Estate Bootcamp
        • Level 2 Real Estate Finance Bootcamp
        • Level 3 JV Waterfall Modeling Bootcamp
        • Understanding IRR
        • Level 1, 2 Bootcamp Bundle
        • Level 2, 3 Bootcamp Bundle
      • Joint Ventures and Private Equity Funds
        • Level 1, 2, 3 Bootcamp Bundle – Best Value!
        • Level 3 JV Waterfall Modeling Bootcamp
        • Level 2, 3 Bootcamp Bundle
        • Private Equity Fund Modeling
      • Development Transactions
        • Condominiums/Townhomes
        • Apartment/Multi-family
        • Office/Industrial
      • Acquisition Transactions
        • Apartment/Multi-family
        • Office Property
    • Excel Certification
    • Colleges and Universities
      • Colleges and Universities Overview
      • Live Training
      • Self-Study Courses
    • Free e-Books and Excel Keyboard Shortcuts
  • Consulting & Auditing
  • Blog
    • Home
    • Education & Skills
      • Real Estate Finance 101 Mini-Quiz
      • Joint Venture Waterfall Modeling Mini-Quiz
      • Financial Modeling 101 Mini-Quiz
      • Principles of Commercial Real Estate Finance Course
      • Principles of Commercial Real Estate Finance
      • Video Tutorials
      • 60-Second Skills
      • Peter Linneman Audio Interview Series
    • Cap Rates
    • Capital Markets
    • Crowdfunding
    • Development
    • Financing
    • Joint Venture Partnerships
    • Private Equity Funds
    • Valuate Software
    • Valuation
Blog
Real Estate Financial Modeling / Model for Success / One Swell Foop
Jun 09

One Swell Foop

  • June 9, 2011
  • Bruce Kirsch, REFAI®

Recently I was on the phone with a software entrepreneur who was describing his new product to me.  He was so excited about the capabilities of the product that he was practically grabbing me by the shirt through the phone, and at the end of his listing of the product features, he had generated so much enthusiasm in himself that he emphatically shouted, “and it does all of these things in one swell foop!”

I don’t know if he realized that he had transposed the beginning letters of the last two words, or how funny it sounded, especially at maximum volume, but I bit my lip to prevent myself from laughing.  I continued the conversation without correcting him or pausing at all.  I recognized that his level of passion and energy are required (but not sufficient) to be a successful entrepreneur.  It is a crowded, crowded world and marketplace.

To paraphrase Professor Linneman in his textbook, just being average in business is extremely hard and a full-time job.  To even get yourself to “average”, you need a real passion for what you do, otherwise you’re toast.  There are just too many people out there fighting to win.

What do you think about how absolutely competitive it is in the marketplace, and job market?

[woochimp_form]

About The Author

Hi, I'm Bruce Kirsch, co-author of the leading CRE finance textbook, Real Estate Finance and Investments: Risks and Opportunities, and the associated REFAI® Certification program. Over the last 20 years, I have had a diverse and interesting collection of adventures in CRE. I am the founder of Real Estate Financial Modeling and the creator of the Model for Success blog. I hold an MBA in Real Estate from The Wharton School, and I graduated with a BA in Communication from Stanford University.

Leave a reply Cancel reply

You must be logged in to post a comment.

Categories

  • 60-Second Skills
  • Analysis Framework Series
  • Apartments
  • Asset Management
  • Back Of The Envelope
  • Bankruptcy
  • Best Practices
  • Cap Rates
  • Capital Markets
  • Careers
  • Certification
  • CMBS
  • Commercial Leases
  • Company News
  • Construction
  • CRE JV
  • Crowdfunding
  • Deal of the Day
  • Debt
  • Development
  • Discount Rates
  • Disruption
  • Disruptive Innovation
  • Distressed Debt
  • Distressed Projects
  • Due Diligence
  • Entrepreneurship
  • Equity JV Partnerships
  • Executive Interview
  • Feasibility
  • Financial Model Audit
  • Financing
  • Hotel
  • Housing
  • HP 12c Financial Calculator
  • In Plain English
  • Investment Analysis Demand Monitor
  • Investment Sales
  • Job Hunting and Interviewing
  • Jobs
  • Joint Venture Partnerships
  • Knowledge Assessment Mini-Quiz
  • Leasing
  • Lenders
  • Linneman Audio Interview Series
  • Macroeconomics
  • Market Demand
  • Market Supply
  • Model for Success
  • Mortgage Notes
  • New York Real Estate
  • News
  • Online Calculator
  • Online Innovations
  • Partnerships
  • Present Value and Net Present Value
  • Principles of Commercial Real Estate Finance
  • Private Equity Funds
  • Project Leadership
  • Property Management
  • Real Estate Companies
  • Real Estate Cycle
  • Real Estate Education
  • Real Estate Education and Students
  • Real Estate Market
  • Real Estate Private Equity
  • REFM Best Practices
  • REFM Certification
  • REITs
  • Retail
  • Sunday Weigh-In
  • The IRR Files
  • Transactions
  • Trends
  • Valuate Software
  • Valuation
  • Value Add
  • Video Tutorial
  • Weigh-In
  • Wise Words

Learn About REFAI Certification

Get Free Tools from REFM

Download the world's best real estate resources directly to your computer. Click here to join the 1,000's of other real estate professionals who have already done so.

Legal

  • Terms and Conditions
  • Privacy Policy

Valuate

  • Learn more
  • Create account
  • Login

Customer Support

  • Support Center
  • Contact Us
  • Product Chooser
  • Subscribe to our Newsletter
© 2009 – 2026 Real Estate Financial Modeling, LLC. All rights reserved | Trademarks