<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1613612528878905&amp;ev=PageView&amp;noscript=1">

Our NEW Business Foundations program is here! Click to learn more and sign up TODAY.

The Business Freedom PodcastEpisode

3 Ways to Motivate & Celebrate Your Real Estate Team

By REBS Team

.

3 Ways to Motivate & Celebrate Your Real Estate Team

REBS Team    May 21, 2020

GET THE LATEST EPISODES

pod-phone2.png

Whether you give a pat on the back or a kick in the butt, great leaders are really good at rewarding and recognizing their people.

They understand the value of praise and criticism and administer both fairly and consistently. Need a little help with rewarding and recognizing your real estate team? Here are three simple ways to celebrate and motivate.

 

1. The 24-hour rule

This one is pretty self-explanatory. Whether you need to praise performance or talk about an area that needs improvement, schedule that meeting within 24 hours of the incident occurring.

motivate and celebrateAlways make praise public and criticism private. People want to be recognized for good work in front of their peers. And their self-confidence and self esteem get a boost from being noticed for their success.

Bonus? The rest of the team will be inspired to follow their example.

Negative feedback, on the other hand, should always be discussed in private where the manager and team member can have an honest, (hopefully) clear conversation.

 

2. The three strikes rule

If you have a problem with an employee — maybe they are not on board with some of your core values — you need a process to address the matter.

motivate and celebrateConsider a 30-day plan whereby you (strike 1) meet with the employee, discuss the issues, create a plan for resolution and agree to check back.

After a week, (strike 2) meet again to check their progress. If there hasn’t been any, they'll likely take the hint and leave on their own.

When the 30 days are up, (strike 3) meet again to either praise the employee for a job well done or terminate them for failing to meet your clearly stated expectations.

 

Give a Holler

Praise is an integral and important part of team culture. Did you know studies show people are more motivated by recognition than money?

motivate and celebrateSo take advantage of this human tendency by creating a system that properly recognizes your employees for a job well done.

The system doesn't have to be complicated or costly. You can do something as simple as selecting an “employee of the week” who gets a gift card for stellar performance.

Whatever you choose, know the time and money you invest in praising your employees will come back to you tenfold.

So, ask yourself, “Am I rewarding and recognizing my team?” This isn’t a hard one, but does take some time and planning.

Do your part, be a good boss and start rewarding and recognizing your people today.

Much Love & Respect,

Lars' signature

Lars Hedenborg

Founder of Real Estate B-School

P.S. If you are struggling right now wondering what your next step is, here are a few ways I can help you right now:

  1. Sign up for our NEW Business Foundations Program
    Ready to get started on your journey to growing your real estate business? As a member of our all NEW Business Foundations program, you’ll get exclusive access to the tools you need to transform from an overworked real estate agent or team leader to a profitable real estate business owner!
  2. Get a Plan for Predictable Success despite the Current Realities of the Market.
    This short 15-minute training will show you that predictable real estate success is possible even during these crazy times! Find out how to implement the systems and strategies to scale your business despite the current market shift!
  3. Get Instant Access to our Masterclass Training Series.
    Learn how to apply the same tools, systems, and strategies I used over the last 12+ years to go from a struggling solo agent making roughly $20 per hour in 2008-2009 to building a sustainable, profitable real estate team where I now earn over $500 per hour.
  4. Subscribe to The Business Freedom Podcast.
    Join me on The Business Freedom Podcast where I talk about the good, bad and ugly of building a highly profitable, systems driven real estate team.
  5. Schedule a Business Growth Strategy Session.
    If you want to crush the current market and thrive while others fail to even survive, schedule a call with a business coach so we can arm you with a clear plan to profitably and predictably scale your business. No gimmicks or hype! Just the stuff that works!
thumb
Schedule Session
thumb
Enroll
thumb
Grow my business
thumb
Join the community
STRATEGY SESSION MAY 2020
BOOK NOW
PREDICTABLE SUCCESS MAY 2020
GET THE PLAN
SHIFT TOOLKIT MAY 2020
GET ACCESS