The difference between a job as a realtor and a realtor who runs a business

By
Real Estate Broker/Owner with Mitch Ribak - The Real Estate Success Network

It's very simple:

 

A job is a 40 hours week.  Owning a business is doing whatever it takes!

 

Have a great day and realize that you have the power to be the best Realtor in the industry.  You simply need to not stress about those things that are items beyond your control, have a plan, and go for it at all times!

Comments (5)

John Michailidis
Real Property Management of Sarasota & Manatee - Sarasota, FL
Real Property Management of Sarasota & M

I sure do not agree with that! Owning a business is all about delegating to people to whom you have given both responsibility and authority to do whatever it takes!

Business owners design and manage systems, and they hire people to operate those systems.

Sep 13, 2011 06:32 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I agree - I OWN MY ONE-PERSON * MOI * business.  I've never experienced real estate as a 40 hour per week business even when I was a salaried property manager.....I just plan my weekends AROUND NASCAR!

Sep 14, 2011 12:15 AM
Mitch Ribak
Mitch Ribak - The Real Estate Success Network - Melbourne, FL

That was my point.  Owning a business takes planning and doing whatever it takes to accomplish your business.  Of course a smart business person will delegate and manage systems as you state.  The point of the comment is that most Agents look at this as a "job" verse a business.  Those of us who understand this are usually at the top of our games while those who look at it as a job are usually not.  

I always ask my Agents; "If you invested a $100,000 in your business would work differently".  The answer is always yes!  If a broker, me, can change their mindset from "job" to "business owner" all of our bottom lines increase. 

Sep 14, 2011 01:05 AM
Rick Hogue
Realty Group of SW Florida - Cape Coral, FL
Let Me Be Your Guide To Living In Paradise

Mitch, I had an internet marketing and advertising/web design company for 20 years before I got into real estate. I do know you can treat it like a business, but the moment it becomes not fun, is the time to get out and go do something else.

We all want to enjoy ourselves when we work, if it is selling real estate or painting toes at a nail salon. If you love what you do you will have a much happier and healthier life.

One of the things we are taught by my company is to treat it as a business and schedule your time effectively to produce the highest results. My calendar is all color coded with every bit of my calendar set up for what I do from 5am to 7pm Mon-Fri. Sat-Sun are different as I have lots of home time and time with my wife and dogs. I also set times for showing on the weekends and for having open houses. I set my phone to let people know that it is a great day to buy or sell real estate  and return calls twice per day. This all helps in keeping me organized and on track.

Believe me I am not a control freak or a organized person so doing this has been a challenge, but it really helps me reach and attain the goals that I set for myself.

I do have a business plan, and we are not just talking like, "I am going to sell 75 homes this year." or whatever. It is a true business plan with projected income, projected expenses, projected costs of goods, and marketing plan.

So I now enjoy my time and stay on task more often.

I can get a job and not have the worries of anything but keeping the job or I can be the master of my own destiny and organize it so I am putting a specific amount of time to reach the goals I have set for my group, my recruits, my family and for me.

As I was told in a recent program, If it is not on your calendar, It does not exist. Also there are four D's in what you do, you can Delay it, you can Delegate it, you can Dump it, or you can Do it!!goatnut

May 17, 2012 01:20 PM
Peter Mohylsky. Broker Associate
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

I like this last post with the four d's. 

Mar 20, 2016 08:52 PM

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