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#1 of 7 Changes Managers Must Make

By
Education & Training with David Knox Productions, Inc.

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1. Fire the bottom third of your agents

When you arrive at your office parking lot, are there cars you hope won’t be there? Are there agents  you wish would stay home and never return? Yes, they’re nice people, which is why they’re so difficult to fire. But fire you must. They are holding you back, they’re holding the team back and they’re harming your company’s reputation.

Harvey Mackay, author of Swim With the Sharks Without Being Eaten Alive, says; “It’s not the people you fire that give you problems, it’s the ones you don’t fire.” He went on to ask this question: “How do you know when to fire someone?” Answer: “As soon as you think of it.”

Is this a harsh view? Not as harsh as keeping people in jobs for which they are unqualified. It is time to let them get on with their lives and move to careers for which they are better suited. It is NOT your responsibility to let them stay just to give them a place to go.

There is a belief among Managers that if agents bring in ANY business, then it’s worth it to keep them. Not true, because they cost you more than they bring in, so the net profit is negative. They cost you time, toner, advertising and stress. They also cost your ability to recruit new agents. Your current team is waiting for you to let go of this group. Only then will they support your recruiting efforts.

So, draw up your list of agents who’ve been there too long with too little production and schedule a meeting. Begin with the words; “I’m meeting with you to tell you why I’ve decided to let you go…"

For the list of all 7, go to davidknox.com

 

 

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Show All Comments Sort:
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

David - Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Nov 26, 2008 03:26 AM
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi and welcome to Active Rain, a great site to network, share, learn, and have fun. Good Luck.

Nov 26, 2008 06:52 AM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post. 

I hope you will look into the many groups as there are some great group both local and broad based,.... 

enjoy!

Nov 27, 2008 09:58 AM
Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC

Welcome to Active Rain! This is a great website for building your business, as well as learning from others.  Pat yourself on the back, because you made a GREAT choice in joining the blogosphere!

Write often, and write whatever comes to mind.  Blogs about personal topics and non-real estate items are often the best.  It helps your readers to bond with you, and ends up bringing you a lot of business!

Good luck with your future blogging.  If you'd like more info on points in Active Rain, I wrote a blog about it (click here). Feel free to ask me any questions if you need a hand!

Nov 27, 2008 01:25 PM
Paula Reno
Astro Realty (Buyer Agency) - Cedar Lake, IN
Broker, Owner - Cedar Lake Indiana Realtor, Astro

David Welcome to Active Rain, Many of us will be reading your every word.. Paula

Dec 29, 2008 11:51 AM
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas

David, Welcome to AR--I think the cut and paste comment makers should be fired. 

Who on earth put cuts and paste comments on David Knox's blog welcoming him to the Rain and wishing him luck in business?  He's David Freakin' Knox!  I am cracking up!

Dec 29, 2008 12:26 PM
Paula Reno
Astro Realty (Buyer Agency) - Cedar Lake, IN
Broker, Owner - Cedar Lake Indiana Realtor, Astro

Hello Amanda, Yes I was thinking the same thing when I read this as well. Who are they talking to...hahaha Paula Reno

Dec 29, 2008 12:36 PM
Fran and Rowena, La Canada Realtors - (818) 952-0077
Dilbeck Real Estate - La Canada, CA

David - welcome to Active Rain.  We look forward to reading more from your on your blog. 

Best wishes in 2009!

Dec 29, 2008 01:17 PM
Anita Ricketts
HER Realtors - Bellefontaine, OH

Welcome to ActiveRain David!   I read your #1 list of changes managers must make to my husband and he said "see, I told you so"...now he thinks he should be a national real estate trainer!   I am kicking off the new year with your Real Estate Live series for our weekly sales meetings.  Power Prospecting is first on the agenda....I am using it in conjuction with training of our franchise prospecting tools.  I am hopeful that the two together will achieve great results.  Keep the useful tools and advise coming - we appreciate them!

Jan 08, 2009 12:08 PM