Wednesday, July 6, 2011

Great Book: Drive by Daniel Pink

Occasionally, we will digress from traditional real estate topics to review some truly revolutionary books.
Drive by Daniel Pink fits right into that category.  He turns traditional thinking about how we motivate employees on its head.  In his book he shows that traditional carrot and stick motivators do not bring out the best in employees and in fact may have a detrimental impact on their productivity.

Equally as important as compensation are qualities like autonomy, control over your work, purpose, and creativity.  Along with these insights, Pink introduces the reader to concepts like Flow - when we reach that state of joy and focus through work.  Anyone who has played a sport can connect with that concept also referred to as being "in the zone."  When you lose track of your surroundings and perform your task with ease.

Pink also suggests some other great books that explore this topic, which is a very thoughtful gift.  They all sound very intriguing and he is generous to share this additional wisdom with the reader.  You can tell he genuinely cares about the reader's development in this new area of motivation.

This book has a lot to teach us about the entrepreneurialism involved in real estate investing.  So much of what makes doing this worthwhile are the autonomy, control, creativity, and purpose that come from running your own small business.  It is amazing but you can lose track of time doing the accounting for your small business because it is yours and you are investing in yourself.  Take a look at Pink's book.  It is a quick and enjoyable read that will enrich your life and your business.

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