TWO: BEST PRACTICES – TACTICS & TOOLS
Achieve Your Plan
Congratulations on creating your financial plan! Business planning is not a calculator. It’s thinking strategically about your business and keeping, meeting, and exceeding the goals that you have set, and staying accountable to your plan. Now that you know where you want to be in five years, let’s talk about how to get there.
1. Be Accountable One of the best ways to stay on track with your goals is having someone who can help you stay motivated to reach your goals. Brokers or managers are ideal resources as they understand more than most people where you might be struggling and have some insights to help you reach your goals and your team potential.
DISCUSS
Staying motivated is key to being successful in real estate. Being accountable for meeting your goals is an important part of staying on track.
Share the strategies that have been most effective for staying motivated and being accountable.
OTHER IDEAS? Coaching: Regular meetings with a trained coach can keep you on your path to success, helping you track your activities and then stay or get back on track by leading you through a process of self-discovery to uncover the strategies that work for you. Their experience can also be your guide through the “I did this, and it didn’t work” or “Here’s what I did, and it worked” methodology. Weekly meetings are recommended; however, you are free to meet at an interval that works for your business. Mentoring: Regular meetings (weekly or monthly is recommended) with a mentor will help you track your activities. And, as with coaching, a mentor’s experience can be a timely and relevant resource as they are peers with experience in the same markets and have access to the same tools and resources as you. Peer Group Masterminds: Regular meetings with a group of peers with the same goals and level of production are useful brainstorming sessions where the collective wisdom will uncover answers and lead to results.
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