<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

How to Manage Economics, Systems & People During a Market Shift w/Tiffany Lachnidt

By Lars Hedenborg

.

How to Manage Economics, Systems & People During a Market Shift w/Tiffany Lachnidt

Lars Hedenborg    June 2, 2020

GET THE LATEST EPISODES

pod-phone2.png

Leading a team during a shifting market is one of the most challenging things to do.

How do we keep our fingers on the pulse to know when to pivot and when to let go of the wrong people on our team?

How can we keep an eye on lead sources so we know when one isn’t working anymore?

What can we do to help us enjoy the journey of building and running our businesses?

On this episode, I am joined by Tiffany Lachnidt to talk about the lessons she’s learned from failures and successes, and how she has grown as a leader over the years. 

I’ve stopped caring about being the biggest, and I’m focused on being the best and the most profitable. -Tiffany Lachnidt

 

Three Things You'll Learn From Tiffany Lachnidt

 

Stay on top of what isn’t working anymore

Tiffany’s team were unequipped for how their market shifted with discount brokers, low inventory and more agents in the market.  It hurt them because they didn’t try anything different since what they had always done had always worked. As a result, their profitability and staff retention took a hit.

 

Know when to cut the wrong people loose

One of the biggest mistakes leaders make is letting people stick around for a long time even when they aren’t having success. It comes from taking too much responsibility for the issues and thinking it’s your problem, and not the person’s problem. To avoid this you have to get really good at figuring out how long to give people to learn and fail before you cut them loose.  

 

Getting enough sleep is crucial to your success

Some hard-chargers pride themselves on waking up at 5 am, but they do it while going to bed at midnight. It’s not just about waking up early— it’s about sleeping early and getting 8 hours of quality sleep each night.

 

Opening Quote-7   

When we’re going through the fast-paced requirements that come with running a business and leading a team, we can easily lose sight of the market and what’s changing around us. We may miss the fact that our lead sources aren’t working anymore, or that certain people just aren’t fitting in with our culture.

It’s important for us to slow down and pay attention so we can see the shift and adjust accordingly. When it comes to recruitment, we must keep an eye on the people we hire first because they determine who will join us and stay in the future.

About Tiffany Lachnidt: Tiffany is the leader of The Distinctive Group with Keller Williams Premier Realty. The Distinctive Group understands that the real estate process can seem overwhelming. In today’s ever changing real estate market, Tiffany and her team have dedicated themselves to helping both seller’s and buyer’s make the right decisions based on their individual needs and situation.  Tiffany has become a Certified Distressed Property Expert and the team has helped dozens of families avoid foreclosure.

Go to https://www.thedistinctivegroup.com/about for more information, or connect with Tiffany on LinkedIn https://www.linkedin.com/in/tiffany-lachnidt-5701814/.

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