Maintaining the Psych Through Due Diligence

Maintain the Psych In Due Diligence

It’s similar to a great weather window that you’ve just missed on a summit bid. Or, when you’re on a ride and you go out to the halfway point and turn around, only to see a ferocious storm bearing down that will be with you for the rest of the journey. You know it’s going to be a rough one to get where you want to go.

But at the same time, there’s nothing more gratifying than the moment of actually getting there. And actually? The ride’s pretty fun too.

It’s a mixed bag, and the feelings are similar to those we get on the sharp end of an alternative development project as we’re wading through seemingly-endless due diligence.

Alternative development projects do not fit into any sort of quick approval process. In fact, it’s usually the opposite.

Maintaining the psych through the process can be one of the most challenging aspects of being a developer and operator of a visionary project. The opening that leads to progress seems to be running further and further away from us on some days.

The problems associated with what I call ‘The Wait” come from almost every angle possible. As the leaders, it’s our job to show up and push through to ensure everything stays on course. We lead through the turbulence.

Mentally we’ll be put through the ringer. We’re the champion of our own vision and we have to stay amped up.  This can be tough when projects can go from months to years just to bring them to market.  Beyond the mental calisthenics, we can’t forget about regular life, other projects, jobs, bills, overhead and managing expenses. All can wear us down, hack at our own vision and cause us to question the very belief we have in why it is we are doing all this in the first place.

I want to be up front about this: The risk associated with the due diligence obstacles are VERY REAL! Keeping your eyes open through the entire process and being open to asking for help are beyond important to do. And, if we can’t maintain the psyche as we manage, the risk, we could undermine ourselves and potentially jeopardize the entire project. So keep that clear in your mind too – people will be looking to your psych level to believe in what their doing.

There’s pressure…. A lot of it come from ourselves, our teams, friends, family’s, partners, INVESTORS; really everybody involved. It’s like we’re the barometer.  We’re the personification of where the rubber meets the road.

Leadership is a skill that drives a visionary project forward. Just like in the battle field, morale is the difference and that comes from the top and as the operator and developer, we are the top.  We shape the story, we’re the architects, and how go about furthering our vision will have long ranging impacts on every facet of our business.

So what can we do?  Continue forward with the vision in hand.

We had an idea, we started, and there is a good chance we’ve even garnered a pretty significant amount of support along the way. The doubt however can – and likely will – hit us multiple times through just about every phase of our project.  Getting through these ups and downs takes a combination of many attributes and actions that could be summed up fairly as resilience.

Resilience. Great right?  Just pick up some of that and you’ll be good to go… If you’re wondering where to get that, I’m right there with you.

As I’ve been working through my own multi-year project, I’ve spent a lot of time trying to figure the whole resilience thing out.  For me it’s the small (even if temporary) wins, learning something new, hearing about other people making it happen, and maintaining a network around myself of those who truly get what it is I’m doing.

While looking for these things I really didn’t find much. And that’s largely what birthed Radify.

The community-building side of this business is essential to making Radify a success.  Yes, I want to consult, coach, partner, and generally help bring visionary, life-altering projects to reality. But for me to make all those things happen, we must first create a place to start and to come back to, a hub of sorts.

This is why creating and maintaining a community for those making it happen is simply an essential step in process with this whole thing.

Radify Development is the place for us to gather, start, learn, get inspired, get resourced, and generally be better.  Through all we navigate and weather, we’ll grow confidence and create assurances that what we’re doing is right. And if by chance, we find out it’s not right? Well, our community will help getting us back on course. All of this helps us maintain our psych as we push forward armed with the knowledge that as members of the Radify Development community:  We are not on our own.

I’d love to hear about what you are working on and where you are in the process.  If you’re just getting started, it’d be great to hear about what you have in mind.  Post below in the comments section and let us know, we’d also love to hear what you think of the content or would like to see more of.  If you have any questions for me directly feel free to shoot me an e-mail at jariens@radifydevelopment.com

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