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Real Estate Business Tips – Outsourcing
In this week’s edition of Real Estate Business Tips I would like to discuss with you the topic of outsourcing. If you are reading this and have any desire to grow a massively successful real estate investing business then delegating and outsourcing is something that you must work toward as soon as possible. A motto that I like to live by is: “Only do what you do best and find someone else to do the rest.”
In your early days this will not always be 100% feasible and that is ok. However it is something that you must work toward. I remember in my early days, I wore all the hats, made all the calls, negotiated all the short sales, met with all the sellers and buyers, went out to all the BPO appointments, faxed all the paperwork, returned all the emails, etc. What I began to realize is that things weren’t growing as fast as I thought they would. Now, although I was successful and making pretty good money, I felt as though my business had begun to plateau a bit. Why was this, I asked my self? Then it hit me, I was the bottleneck in my business. The simple fact that I was trying to save money by trying to do everything myself was in fact keeping my business from growing and making more money. Does this sound familiar to anyone?
I now know that my job is to be the CLO…Chief Leverage Officer. I am buying and selling and negotiating short sales like crazy in my business, however the only reason why I am able to do this is because I am NOT the one doing it. I have two very hard working people helping me. Do I get my hands dirty sometimes and make calls and negotiate deals, etc? Absolutely, but the majority of my time is focused on growing my business, and keeping others accountable, and generating new business, and creating multiple streams of income and keeping the peddle to the metal, and causing constructive chaos. This is the job of a CLO, and I think that I’m pretty good at it. So, if you ever feel like your real estate investing business just isn’t growing as fast as you like and you are feeling stressed out and burned out then perhaps you need to GET OUT OF THE WAY and begin to implement some outsourcing and delegating of tasks that you don’t need to be doing.
I hope you enjoyed this short article. If so, please post your comments below.
To your real estate investing success,
Brian Evans
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