OPERATIONS
COLLABORATION
Faster Alone, Further Together
THIS IS A LESSON YOU SHOULD TRY TO LEARN AS EARLY AS POSSIBLE.
by Jim Tannehill
n often-quoted African proverb states: “If you want to go
When should you develop those collaborations or relationships? Before you need them. It’s a lot more difficult to leverage a brand-new relationship versus one that has been in place for years. COLLABORATION WITH EMPLOYEES/YOUR TEAM Whether or not you have one employee or 100, this is very important to get right. Your business can only grow as far as your weakest link. You have to be willing to establish the correct culture, which includes ensuring your business purpose aligns with your employees’ personal purpose. If you can map out a path that allows them to grow through your business, you’ll achieve much more and much faster than you can imagine. If you have a good hiring process, you shouldn’t be afraid to teach your employees everything they need to be successful. Will some of them eventually leave for better opportunities or because they outgrow you? Yes, but what’s even worse is when an undertrained and underperforming employee remains employed. Sure, you didn’t lose that employee, but they will hold back your success.
A
quickly, go alone. If you want to go far, go together.” It is advice you would be wise to heed. Why? Because it takes a team to build an Empire. Yes, you can be the emperor or leader, but you can’t run it all by yourself. Actually, you can, but your success will be greatly limited by you . Of course, sometimes you might need to clear the path ahead and then bring your team up to speed, but that should be the exception and not the rule. If you are looking for sustained success, you’ll need to collaborate on many levels, including the following.
COLLABORATION WITH VENDORS As you look to build your
Empire, you’ll need to develop many strategic relationships and alliances. In real estate, it’s always helpful to have a good relationship with city officials, architects, general contractors, subcontractors, wholesalers, realtors, etc. Depending on the market/economy, you’ll need to heavily lean and leverage the right relationships to continue to grow and be successful.
26 | think realty magazine :: january – february 2023
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