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How To Hire Your First Virtual Assistant: An Entrepreneur’s Guide
It has often been said that if you don’t have an assistant, you are one. In the real estate business, this rings especially true.
Ninety-nine percent of businesses in America today are considered small businesses, and eighty percent of those are lone operators.
According to the U.S. Census Bureau, of those small businesses that do have employees, only 4% manage to net $1 million a year.
If you are in real estate, go ahead and slash those odds in half.
That’s right, only 2% of real estate businesses ever reach the million-dollar mark.
Why is that?
One reason could be that many real estate entrepreneurs are natural solopreneurs. Accustomed to being compensated by commission, these are go-getters who know how to work hard and network. But not necessarily how to delegate responsibility to others.
They are used to doing everything themselves, from prospecting all the way to closing.
While not every jack-of-all-trades is necessarily a master of none, becoming stuck in that mindset has an inherent opportunity cost. Without a team, it is impossible to scale your real-estate business.
If you were to survey every top-performing real estate business in the country, the one thing they would all have in common is multiple virtual assistants, each with his or her own strengths ... more
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