Published on July 16th, 2018 | by Chad T.0
Daniel Ballerini – New Jersey Real Estate Maven
Daniel Ballerini graduated Cum Laude from Rutgers with a MBA in Finance and Management. His current passion is investing in real estate. Ballerini specializes in residential single-family homes and small apartment buildings in New Jersey.
Where did the idea for First Station Real Estate come from?
I always knew I wanted to start my own business, and I always had a fascination with real estate. It took a while, truthfully. I had to decide my niche, my business model, etc. Then I had to take the leap! It isn’t easy risking everything you have, but I figured I was relatively young, no family yet, so no real responsibilities. It was the right timing, and I am so glad I put in those long hours and sleepless nights to get it off the ground.
How do you bring ideas to life?
I have an MBA, and a background in business management, so I have my vision of how things should operate. From there, it’s just execution. If my business fails, I have no one to blame but myself. All the pressure is on my shoulders. Because of that pressure, I make sure that everything is done the right way, the way I want it to be done. Being a business owner, the buck always stops with you.
What is one habit of yours that makes you more productive as an entrepreneur?
Setting goals. I always have short term and long term goals that I try to make sure I’m hitting. When you run your own business, it can be very easy to be so caught up in the day-to-day, that you can find yourself spending a lot of time pushing papers around, putting out the small fires, dealing with personal issues, etc.
What is one failure you had as an entrepreneur, and how did you overcome it?
I experience failure several times a DAY. It comes with the territory. You need thick, thick skin in my business. You cannot have a fear of rejection. You cannot be bullied by Vendors, Lendors, or even employees and tenants! You have to be firm but fair, believe in what you are doing, and stick to your instincts. No one has the best interest of your company as their number 1 priority. Only you.