August 1 is rolling around. This is a pretty significant date for me because this is when I had officially open shop for business. Yes, 3:16 team REALTY is 1 year old. I didn't even realize how fast time flies. As I am reviewing my business plan from 2007-08, I thought I share some of my thoughts from my 1st year of brokerage.

The biggest lesson I can say I have learnt this first year is: FLEXIBILITY. I had learnt this lesson through so many various sources - sometimes far more often than I really want.

Some of you know may that I write my blogs about being a mom/ realtor. Both are in fact a full-time job. Being the over-achiever that I am, the most difficult lesson I have learnt is that I do expect to run my business with 110% energy, yet at the same time, I have this little one to care for. Yes, I am my child's primary care-taker and it will be this way until he is old enough to go to a Mother's Day Out program at 18 months old. Hence, automatically, the biggest lesson here is FLEXIBILITY on my expectations of myself - what I can or cannot do with what limited time I have. It's a very hard lesson to digest and sink in simply because of my personality. Yet, everyday I seize to amaze with myself.

My business is better than last year. Most of it came from the blogs I wrote about my communities and my cities. I believe that my readers do read my blogs about my personal rants, cheers and sadness as well. As I do my annual reviews of my business plan, (honestly) I didn't get most of the stuff I wanted done like I had planned out. The hind sight is that "It's okay" because business is indeed better than the year before. So, I guess I am still on the right track. The biggest flexibility I find that I have to accept is that I'm no longer just me, but because I do have a priority - a little shinning star with me every day, I am not able to commit to my business like I want. I make up for loss time when he is in bed at night. That means just 6 hours of rest time when my head hits the pillow at night.

One of my latest transactions thought me the FLEXIBILITY of my words. I guess I need to look at this in a good way. I was dealing with what I thought was a "MY WORDS ARE WORTH GOLD" type of agent. There was no reason to indicate that she was not. My blog about reading contracts carefully spurred this newly learnt lesson. Apparently, it was not that she did not read the summary correctly, she basically just wanted to buy time to negotiate another offer with a different buyer - with no "courtesy" of letting me know. She took one item on the contract (as per the summary) and with that 1 item, the seller and buyer went back into negotiation for another 12 hours, thus my clients lost the deal. So often people say, Do to others as you want others do unto you. I'd never treat somebody that way, especially in a negotiation that took days to work, what I saw was that a relationship was building. There was no simple courtesy, "Hey, I'm not trying to create pressure, but there is some interest in this property also. I want you to be aware of it".... Nope. No indication whatsoever. The next thing I got was an email saying, We received another offer and we are executing it this afternoon. I am not upset with the outcome. I do not think she did anything wrong. I basically did not see it coming. So, what I learnt here is that until you get an executed contract, everything and anything is still up for negotiation. I was the one who saw that a gentleman's handshake is all it took to do business. You can call me naive. But it would not change the person that I am. It would also not change the perception that I have - to give the benefit of the doubt to the other person.

Broker Bryant taught me another lesson of FLEXIBILITY - in taking listings. I saw it at "Either listing it at this price to sell or just not to take that listing at all". I am very clear about what prices takes to sell a house in my area. I can see it but just me seeing it is not enough. So, I had to learn to be flexible in taking listings - if they are somewhat reasonable and work at it if it really does not get the results I want. A good lesson here.

The fact is that I dont like the word FLEXIBILITY. I see the world as black and white with hardly any grey areas. Flexibility means I need to change and adapt. Not something that I do easily. I guess like everything else, I will have to learn it slowly. I guess next year will be better than this. There's no reason to believe that it's not. As I tweak my business plan this evening, I want to encourage you to tweak yours too. Did you include flexibility in your plan? Your day-to-day activities? And in your life?

PS: I just have to throw this picture in. As I am typing this blog, my little sunshine is popping his head up and down to make sure I am still in the room. I'm just waiting for him to fall asleep... Well, I would say, this FLEXIBILITY lesson is not easy, but I'm pretty sure worth it.

 
Post is included in group: RealtorsĀ®
Post is included in group: Agent Mom
Post is included in group: Selling Soulfully
Post is included in group: REALTOR LIFE
Post is included in group: Diary of a Realtor

13 Comments on Did You Include Flexibility In Your Business Plan?

JUL
31
2008
136,242 Points 11 Featured Posts Localism Sponsor Outside Blog Hit Router

Loreena....geeez...the last picture made the whole post worth it!!! How cute and what a proud Mom you must be!

9:47pm • #1
183,055 Points 19 Featured Posts Localism Sponsor Outside Blog

Hi Loreena...Flexibility needs to be included in every aspect of our lives, throughout our lives.  Otherwise we will be miserable.  There is no way we can control everything and if we are not willing to bend when we must we'd better give up.

Real estate is filled with so many unknowns you simply cannot be fully prepared for each and every one. 

As you know, moms, have to have lots of flexibility.  Enjoy!

Kate

9:58pm • #2

I can definitely relate! As a broker/owner for 5 years with a 6 month old baby---I haven't ever needed to be MORE flexible in how I'm used to doing things.   I agree w/pp that the picture made it worth reading the post.

10:20pm • #3

Hey Loreena,

I am from Virginia Beach, Virginia. Your post was great. Your right we are all out to make a living and try and help our clients with a very big decision, As agents we should be working together to sell the homes we have listed and help our buyers in purchasing them. I don't understand some of the agents that don't get that concept, that we are all working for the same goal. I was always taught to that you do unto others as you would want to be treated. Having that in mind, you will go on to succeed in your business. Good luck in year 2! and you should be very proud to be a mom, that is an adorable baby!

10:48pm • #4
155,219 Points 1 Featured Post Outside Blog

Your baby is growing fast! My little one is almost a year old and it amazes me. I am SO happy with the flexibility that I have learned to attain in real estate. Congrats on your one year mark at your office. You are a great mom taking great strides to take great care of your business and little one. :-)

11:19pm • #5
583,435 Points 62 Featured Posts Outside Blog

Hi Loreena, I'm just popping by to say you have a beautiful little Mr. Sunshine boy there. All your "flexibility" will pay off in his happiness. Just bend, and move away more from the black and white you see in the world. The world has so much gray in it or look at it as a rainbow of colors. I'll buy you a 64 Crayola box of crayons as a reminder LOL. You son might loan you his.

11:22pm • #6
412,239 Points 21 Featured Posts Localism Sponsor Outside Blog

Loreena, Congats on your one year in business.  It sounds like things are moving right along.  I like the picture of the little ray of sunshine that makes it all worth while.  WOW is he growing fast!!!!

11:23pm • #7
Localism Sponsor Outside Blog

Congrats Loreena on a year! Flexibility is something I struggle with daily! Where is grants me the ability to be around more children more than if I had a 9-5 job, I struggle with the ability to be all things to all people - just a trait I have had all my life - but I am getting better at setting boundaries.

Thanks for sharing, and your little guy is ADORABLE!

11:28pm • #8
AUG
01
2008
172,543 Points 4 Featured Posts Outside Blog

Loreena - Love the picture of your son.  Looks like you have a knack for picture taking.  My wife can do that also, but not me.  I would have gotten the crib to come in clearly and the baby would have been blurry.  Nice job.  Sorry to hear about the deal falling through.  I guess with todays marketing, some agents are taking up unprofessional practices.  What comes around goes around.  Congratulations on your 1 year anniversary.  Cheers to dozens more!

12:02am • #9
144,052 Points 1 Featured Post Outside Blog Hit Router

Great advice. Flex-ability? I guess this is what I have been daunting for the past year. I agree that most of us would not do what the other Realtor did... But I'm never surprised or go a day without learning in this industry!

Your bundle of joy is the cutiest....

7:41am • #10
567,819 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

I know it is a black and white word, but we have to be somewhat flexable in our business. We had to yesterday at the closing table, long story and I'm tryng to get Christa to blog on it. If she doesn't I will.

8:51am • #11
AUG
02
2008

When we developed QuickPlanner Plus, a strategic business planning software, it was with the idea that all plans, business, strategic or otherwise, must be dynamic, living, flexible documents - helping to ensure the success of the entrepreneur behind the plan. Thank you for this post and for reinforcing that concept.

Matsonian
6:39am • #12
AUG
03
2008
652,379 Points 108 Featured Posts Localism Sponsor Outside Blog

Loreena - This is an excellent point.  I think flexibility is critical for our business!  In fact, when I sense that an agent I am interviewing is not flexible, I will not hire them.

10:00pm • #13

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Loreena Yeo - Broker|Realtor(R) of www.Frisco-TX-Homes.com (214) 783-2210

Frisco, TX

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3:16 team REALTY

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