Do you work on your Business?

We all spend countless hours working IN our business, but how many of us spend time working ON our business?  The difference between the two is simple yet very different from one to the other. 

Working IN our business just simply means doing what we have to do each and every day to keep it running.  That could mean finding new clients, working with the clients that we have, and retaining old clients for future business or referrals.

Working On our business is the part that tends to get overlooked from time to time.  This is where we are coming up with new ideas on how to grow our business or how to do something more effective.

5 Simple steps to follow when working on our business:

Step 1.

Look for better ways to do a given task that usually takes up a good portion of your time.  Or look to other business for ideas on how you can grow your own.  Spend at least 10% of your time on this step every week.

Step 2. 

Implementing that new idea in your business.  Lets say you have just learned how to save time on follow ups by creating an automatic response system to make most of your follow ups to your potential clients so they don't fall out of the pipe.  Now you need to come up with emails that will benefit your potential clients to keep them interested in your business.

Step 3.

Follow through.  How many times do we start to do something get distracted then weeks go by before we can get back to what we were doing?  More often than we would like to admit.  That is why we need to stay on course and work that new idea or system in our business.

Step 4.

Keep it going.  It is so easy to stop doing something after one or two weeks because we didn't see results in that time frame.  I know that I have been guilty of this one.  What we don't realize is that it takes time for results to start showing.  It is like planting.  By the first month if we don't see a plant we assume that it didn't work.  But what we don't understand is that under the ground the seed is sprouting out ready to show its first sign of life and we kill it off.

Step 5.

Do the whole process over again and again.  I know that sometimes I get going on something and I am so focused on making it work, that when it does, I sit back and pat myself on the back.  What I fail to realize is that I need to be always looking to improve every aspect of my business all the time whether it is doing good or bad.  Because you never know what storm is ahead and what damage it can do to your business if you don't.

If you follow these simple steps starting today you will discover that three to four months down the road how much your business has grown and you are feeling better about things.

 

Now go out and do it!

 
Post is included in group: The Art Of Marketing You
Post is included in group: Real Estate Helps - What You Need To Succeed
Post is included in group: Out Of The Box!
Post is included in group: Coaching and Mentoring
Post is included in group: The "young" Real Estate Professional

6 Comments on Do you work on your Business?

Bronson, you've written some very logical tips here. I get tripped up on following through, trying to spin too many plates in the air I guess.

02/15/2008 12:08 PM by Andrew J. Lenza (ABR*GRI*MBA) Monmouth County NJ Real Estate Broker (Andrew J. Lenza Realty)


It is unfortunate...agents work hard until they get busy...then everything goes by the waist side...they slow down...and then they focus again.

02/15/2008 12:13 PM by Team DiMuria, Katy Texas Realtors (Prudential Gary Greene Realtors)


This is why Virtual Assistants have become so popular.  Because, as agents get more and more busy, they can offload more and more tasks to the assistant.  Then, as things slow down, they can cut back on how much time they need to use their VA.  Of course, this also means that the agent needs to have a Step 1a - Be willing to outsource tasks that Step 1-5.  Or maybe that should be Step 6??  Great post!

~Renae

02/15/2008 01:01 PM by Renae Bolton ~ Marketing 4 Realtors (Marketing 4 Realtors, LLP)


It's very important to remember to keep running your business even when you have business. Great post.

02/18/2008 09:36 AM by JL Boney, III (Russell and Jeffcoat)


Great post. I love a quote from Floyd Wickman "You can never make $100,000 a year doing minimum wage work". I think the future is using Virtual Assistants (VAs) so you can pay only for whatever time/service you need.

02/18/2008 12:58 PM by Sharon Sapp (Century 21 Call First)


Hey!  A Virtual Assistant advocate!!  Thanks for the plug, Sharon!

~Renae

02/18/2008 01:16 PM by Renae Bolton ~ Marketing 4 Realtors (Marketing 4 Realtors, LLP)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Bronson Barber (Utah Select Realty)
Bronson Barber
Farmington, UT
More about me…
Utah Select Realty

Office Phone: (801) 712-1607
Cell Phone: (801) 712-1614
Email Me
Are You Struggling to Fuel Your Business

Stop Paying Real Estate Commissions

Homebuyers overspend by 10 Billion


Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find UT real estate agents and Farmington real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved