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KNOW WHEN TO LET GO
As a broker owner you must have adequate controls since you are the responsible party. There is, however, a delicate balance between control and empowerment.
Here is a problem that comes up all too often. A business owner or agency owner spends most of his or her time working IN the business and virtually no time working ON the business.
This is the result of a natural progress of a growing business. When you started your business, you needed to do everything, or it did not get done. You worked through your time management issues as they came up. Your business grows, and you simply can't get it all done. Time to hire someone in your office maybe. Time to bring on some agents.
Now you are at the pinnacle of a growing business. At this point you are now not only the owner but also a manager and the leader.
When you hire a new employee is it very important that you are ready to devote time to train and empower. You must teach the mission and desired results. Remember, you want to take details off your plate. For example, don’t react in this way: When your new ... more
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