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6 months down, 6 to go

First of all I hope you had a wonderful and safe 4th of July, and now it's time to get back to work. Half the year is gone--forget the talking heads, was your first 6 months what you were hoping for?

For me this time of year is always a checkpoint. I can't control what happened January 1 through June 30, but I can control WHAT I NEED TO DO for these next 6 months. Here are some things you may want to consider.....

What did I do RIGHT?

Where did I go off course? or What did I do wrong?

What can I do to improve?

What adjustments do I need to make?

How can I make better use of my time?

Was my business profitable? This is critical and yet many realtors don't know if they made money and if they did, how much, by the same token many don't know if they lost money and if so, how much. And just because you had a lot of closings doesn't mean you necessarily made money! Remember, this IS a business. It is your business and you can run it they way you want but how many successful businesses of any type don't know if they were profitable?

Do I need to change my advertising focus and/or budget?

Do I need to change how I market myself?

Hopefully these questions will get you to thinking. I know there are others, these just came to mind quickly. What are your thoughts? Remember, less than 6 months till Christmas!

Posted by Steve Mangus on 07/07/2008 04:44 PM

Comments (12)

business, realtors, profitable

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12 Comments on 6 months down, 6 to go

Thanks for the post Steve.

It is a great to to evaluate what is/isn't working & push forward to the year end.

Best of Luck.

07/07/2008 04:45 PM

by Eric Egeland (Chicagoland Realtor / Broker) (Re/Max United)

Yeah, I have looked back at this year and know I need to change some things. But sometimes I don't know where my efforts and money will get me the best results. Try and try again, I guess.

07/07/2008 04:48 PM

by Steve Dawson (Prudential California Realty)

Thanks for the reminder about Christmas! Wow how time flys. Your thoughts about six months midway definately got me thinking.

07/07/2008 04:50 PM

by Lorrie Miller, Ocean County NJ Real Esate (Coldwell Banker Red Top Realty)

Steve.. thanks for your comment. It is tough to know if if we're making the best use of our time and money. For me though, I think there are times when I need to stay the course and be consistent with what I'm currently doing which is not always easy(for me, anyway). We live in a society that wants results immediately and it doesn't always happen that way.

07/07/2008 04:53 PM

by Steve Mangus (Keller Williams NorthPointe)

Thanks Steve.

With today's market I find it very important to not only look at what you have done but to also look to see what you need to do

Good post

Tony

07/07/2008 04:56 PM

by Tony Grego with AmeriSave

Most of the people I know are saying ' Phew, can't believe I made it through the last six months'. I am thinking 'only six more months til the new year and hopefully a much better spring market than this year'.

07/07/2008 05:02 PM

by Lisa Friedman Central New Jersey Real Estate (Pinnacle Realtors)

Hi Steve,

great blog and great points/questions to focus on! Gosh, has it been 6 months already?

07/07/2008 05:38 PM

by Clark Garrison, "Mr. Short Sale" (Taylor 1 INC)

Good post, it seemed like yesterday I joined AR. Time to assess what strategies worked as far as marketing goes and work from there.

07/07/2008 09:29 PM

by Frank Bailey (Prudential Classic Realty)

Gotta keep doing the basics. It's not a great market, but it could get worse!......or better, depending on attitude.

07/07/2008 09:32 PM

by Ellie McIntire Real Estate in Howard County Maryland (The McIntire Team of Long & Foster)

Steve, I think it is a great idea to give ourselves a 6 month "check up". Great list you posted and it made me realize I too, needed my check up!

07/07/2008 09:41 PM

by Huntsville, Alabama Real Estate Agent Elizabeth Ramsey Cooper-Golden (Remax Huntsville/Madison)

Guess we should look at our business plan and goals and make sure we are on track for a good year.

07/07/2008 09:49 PM

by Denise Allen Realtor@ Chesapeake (GSH Real Estate)

I know one of the best things I did in the first half of this year is join AR. I can't believe how much information is on here and I have barely scratched the surface.

Ellie mentioned attitude. It is so easy to let everything we read and hear mess with our attitude. I remember Zig Ziglar calling it "stinkin thinkin." I think for most of us we need a"checkup from the neckup" on a continual basis.

Thanks for all your great comments.

07/07/2008 11:30 PM

by Steve Mangus (Keller Williams NorthPointe)

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