The sign in the reception area boldly reads: “You are 1 of 36 chosen for the opportunity today. You were selected from a pool of 600 – 3,000 submissions.”
When most of us think of Hollywood and more specifically, the Film & Television business, common images come to mind – glamour, massive homes, lavish dinners and VIP perks waiting around every corner.
With award season now in full swing, this luxury lifestyle becomes even more sensationalized across mainstream media as we watch the industry elite be recognized for extraordinary achievement on some of the world’s biggest stages – from the Emmys, Golden Globes, to of course the Oscars.
Yet, we rarely consider the tremendous challenges aspiring actors face when pursuing a career in this highly competitive field. While the many success stories are well publicized, the reality is that success at this level takes time, continued study and relentless dedication.
Back to the staggering odds. Being 1 out of 36, 600 or even 3000 are astonishing figures when contrasted against what most of us face in our professional careers. A typical opportunity in Commercial Real Estate rarely forces us to compete against more than a few people or firms. In comparison, here is an industry where so many promising actors face often unfathomable odds.
Recently, my team competed against two other highly skilled competitors for a large real estate project in Los Angeles. Full transparency, we did not win the account (this time). That said, I will take 1 in 3 odds anytime. I also remain aware that some of the very best life lessons come not through winning, but the breakthrough and renewed focus a loss can provide.
In the coming weeks as we watch the winners accept their awards and express gratitude for those that played an integral role in their success, remember that for the overwhelming majority, it did not happen overnight. In fact, these exceptional nominees and winners remind us of a few very important life lessons:
- Be Prepared. Similar to how actors are continually taking workshops, practicing, studying, and creating their own material – real estate professionals need to be doing the same. For us, its mastering a market, staying on top of real estate trends and improving on our presentation skills, constantly improving – becoming our very best.
- Remain Resilient. Rejection is part of any business. In my world, it more often comes in the form of a closed conference room with a handful of people or prospecting by telephone. Consider the actor and obstacles associated with receiving a same day audition, little to no lead time and performed amongst a room full of strangers.
To anyone competing on a scale less than what Hollywood faces, put your chin up, keep fighting and striving for excellence. To those working in the fascinating world of entertainment – you inspire me. Thank you for being an example of perseverance and above all, reminding us to never give up on our dreams, whatever the odds.