Real estate can be simple, but the tools for success are challenging to implement.
How do we make sure we’re spending time on high dollar productive activities and not admin and support tasks?
How do we develop the strength and fortitude to push through the "teething" issues of a new business?
How do we weave core values into the team’s operations and the hiring process?
On this episode, Wes Madden talks about the phases of growth that his business has gone through, the attitude he applies to implementing growth strategies, and the importance of core values.
"The implementation is where the majority of the failures come from." -Wes Madden
Three Things You'll Learn From Wes Madden
How to tell if you’re doing dollar-productive activities
There’s a difference between support activities and dollar-productive activities. In order to see what you’re spending time on, break down your schedule to 15 or 30 minute blocks and write down what you did in each time block. Use different color markers to highlight whether the activity was dollar-productive or support.
The importance of humble implementation and disciplined execution
When you’re starting out, you must have the intentional fortitude to stay committed even when it hurts. If you stick to it long enough, you will develop the good habits. By the time it’s a part of you, you will have forgotten how painful it was to implement.
Why you should infuse every part of the business with your core values
You should be relating everything back to your core values and weaving it into the fabric of your business. Recite the mission statement before and after meetings, and make the values go beyond the office. Make sure you’re not making concessions on core values and culture fit.
Success in real estate is activity-based, and if we have the discipline to do what we’re supposed to do, the desired result will follow. We have to be putting our time towards activities that actually make money and grow the business. Core values have to be brought into everything we do, and not just something we claim once in a while. If we follow the right steps, set up the right systems, and track everything, the effort will always pay off.
When growing a team there will be aches and pains, but why sacrifice your time longer than needed and in the wrong areas? REBS is here to help you grow, and grow your team, so you can get the true balance in your life back. Do you want help?
About Wes Madden: Wes Madden is a Real Estate agent for Scenic Sotheby's International Realty in Santa Rosa Beach, FL. Go to https://www.scenicsir.com/agents/107549-Wes-Madden/ for more info.