0
0
If you’re looking to learn how to set up a real estate business in 2022, then you couldn’t be better off learning from Jeff. Jeff (not the real Jeff) was a Brooklyn child who was able to expand a mom-and-pop brokerage in Williamsburg to a small business that he sold to NRT for an estimated mid-eight number.
You might be thinking Jeff was fortunate. He started his career at the bottom of the market before riding one of the biggest upwards of New York City real estate history until he was able to make F #$&* Your cash. Of course, but then you’d miss the important point.
To quote a wise man I once met You can only fish using the rod you have. You cannot make the market, but you can create a real estate venture which will allow you to double the gross commission you earn (GCI) in 2022. Here’s how to start.
Before You Even Think About Starting a Brokerage, Find Your Why
Before you even consider setting up a real estate broker it is important to realize that working for 80 hours will become your norm and there’s a higher chance than the average you’ll be a failure. If you fail then, you could end up in the same place you were when you began with an additional $50,000 (or more) in debt. However, failing isn’t a problem. Failure equals growth.
Why You Should Trust My Advice
Over the course of my 27 years in the real estate sector I’ve served as a REALTOR 30 under 30-year-old agent as well as a broker owner franchisor, recruiter speaker as well as a coach and author. I’ve founded two brokerages and invested in two others and mentored dozens of brokers-owners. I’ve already put in hours of 80+ as well as the nights of sleeplessness, purchased the Porsche and the boat and yes, I’ve made mistakes throughout the process. Many of them.
This is the reason I decided to create this article. I hope you can learn from the mistakes that I made and create a viable brokerage from the beginning. To achieve this you must start with the fundamentals.
Why Do You Even Want Your Own Real Estate Business?
If you’re determined to perform at your best and perform at your highest every day, you’ll require motivation. I’m sorry to say it however, the truth is, unless your a Lex Luthor, money won’t suffice. In the end, you’re living comfortably , aren’t you? Do you really believe you’ll get up and go every day when all you’re looking for is money?
Money Is Not Enough to Fuel Your Daily Grind
If you truly desire to be successful, you’ll need to look a bit further than the notion of money as a motivational factor. Perhaps you’ll think, “Why do I want money in the first place?”While it may sound obvious initially, the question becomes unclear as you consider it. How Many Jobs are Available in Basic Industries? What are the reasons you’d like to become rich?
Perhaps you’re looking for freedom or you want to demonstrate that you are your loved ones. Perhaps your family is one you are determined to provide for. Whatever the reason, you must know the reason before you begin. If, however you’re hoping to get up in an uneasy sweat in nine months and discover that you’d like to join a non-profit organization writing books, or teach kids, or take on a thousand other enjoyable adventures and you don’t worry about money.
“He who has a why can suffer anyhow” — Friedrich Nietzsche
Research After research has revealed that to succeed at a difficult task the goals you set must be measurable, not fantasies. Therefore, if you’d like to be motivated to push yourself beyond your comfort zone every single day it is essential to determine what you’d like to achieve in the most precise way feasible. Once you’ve established your goals You’ll be amazed by how much motivation you’ve got to achieve them. umt card manager download
It All Starts With Your MVV (Mission, Vision & Values)
To generate an incentive to persevere that is more motivating than money, you’ll need to meet with your team and create an inspiring mission (why it is that you’re doing this), Vision (what it will look like once you reach this), and Values (what values, ideals and principles you’ll use to reach this)statement. Although this might sound to be a bit over the top it’s actually an essential first step in building the foundation for a profitable business. Every choice you make, each agent you hire, and the way people perceive your business in the market will be dependent on your MVV.
Also, Read
Can Dogs Eat Eggs?
