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What I've learned about growing my business

By
Real Estate Agent with Compass CA DRE# 01215160

Active Rain Ambassador Paul McFadden has created a September contest, "What Have Your Learned About Growing Your Business?" There's still time to participate, so join in and share - we learn a lot from one another.

Since getting my license in 1996 and striking out on my own in the year 2000, there have been many changes, especially around technology and our use of it. I've changed, too, in how I run my business.

I've learned:

  • Clients and potential clients want to hear from us. We're not bothering people by staying in touch. I've often received an email, or heard words like, "thank you for thinking of me" and "you've been so good about staying in touch all these years." It's not difficult to make a quick call or shoot a note to someone, letting them know about a house you saw that made you think of them, giving them info about a place similar to theirs that just sold. This summer I listed for sale 2 properties that I helped the owners purchase 8 and 9 years ago. I was honored they chose to work with me again, and it's good business.
  • Creating and implementing systems brings peace of mind and make us more efficient. Make the templates for listings, for sales, for initial customer contact. Who enjoys waking up at 2:00 AM afraid that you forgot to place the home warranty on the sale that records in the morning, or neglected to put the 'for sale' sign up in time for tomorrow's open house?
  • Treat your business as a business. It's essential to work ON your business as well as IN your business. Near the end of every year I spend 2 days to review the past year and make my plans for the upcoming year--what do I want to accomplish, and how will I achieve it? Each quarter I take one day (off-site is best for me, where I'm less distracted) to assess the prior quarter, adjust plans as necessary to stay on track, and plan the activities for the upcoming quarter. Each Sunday evening I review the past week, re-focusing and planning the week to come. Each day I track my progress and plan the next day. If you'd like copies of the weekly and daily forms I use, just send me an email. They might be helpful as starting points, to be massaged and changed to suit your particular needs.

With all the changes technology and experiences has brought, one of the things that remains timeless is: Never Cut Corners!

 

Geri Sonkin
Douglas Elliman Real Estate 516-457-7103 - Merrick, NY
Long Island Real Estate & Staging Expert

Lottie, you're so right.  They do want to hear from us.  I'd love to see your forms, so I'll email you.

Sep 20, 2013 11:06 PM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Lottie, I agree with you.  Having the right systems in place is critical to success.

Sep 20, 2013 11:56 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Geri, I'm happy to send them your way--I'll look for your email

Kathy, systems keep us sane!

Sep 21, 2013 12:12 AM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA
Hi Lottie! I think your dedication to really planning your business goals & then regularly evaluating things is a sign of what a professional you are....with a business that really is a business!
Sep 21, 2013 02:19 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

It's too easy to get off track if one doesn't plan, Nancy. I know you know that, too. Planning and evaluation also allows me to take time off when needed, without feeling guilty!

Sep 21, 2013 02:54 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Lottie- Great advice and tips for anyone looking to grow their business.  Your suggestion to treat your business like a business is a really good tip!

Sep 21, 2013 12:59 PM
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Lottie: Thank you for sharing in our contest. I think you're right. Our clients do want to hear from us yet a lot of times we hesitate to reach out. Thanks again!

Oct 10, 2013 02:40 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Laura, businesses have plans, right?

Paul, thank you for encouraging us to think about what we've learned--part of running a successful business is assessing what works, what doesn't - you've encouraged us all to do just that.

Oct 11, 2013 01:19 AM