Tuesday 9:15 AM
Re: The First Step To Doubling Your Business
Get clear on what it is that you want to double. Sounds simple, but it really is a huge step toward accomplishing your goal.
Ask yourself this simple question:
“Do I want to do more transactions, or do I want to do larger transactions?”
Think about that for a second. If you are currently doing 2 transactions every year, but making a profit of 50k on each deal, would it be a big help to grow your business to 4 deals every year? Of course.
On the other hand, if you move your business from making 50k on each deal to 100k – haven’t you also doubled your business?
Let me tell you, one of these is much easier on your time. I have seen it a few times through the years. An investor thinks that they are growing their business just because they are “doing more deals”.
In reality, they are slowly going broke. Their deals have gotten so thin that there is little or no profit at the end of the day.
Those are the people that look terribly busy, but secretly they are losing money on each deal. They create so much overhead in the form of employees, office space and other obligations that they are now obligated to feed their “monster.”
Next Monday at our WREIA meeting we are going to talk about the most important steps that you can take to double your business. I am going to give you some concrete steps that I took when I wanted my business to grow.
By the way, I know these steps reap huge rewards. That time of focus and emphasis on growth is still reaping dividends 10 and 15 years after I put these steps into action.
There were strategies I had to put in place when I wanted to grow my business. There were also mistakes that slowed me down. I want to share both the good and the bad with you at our next WREIA meeting on March 23rd.
I’m going to focus in on the top things that helped me grow from 5 to 10 deals and then again when I wanted to grow from 15 to 30 transactions in a year. These were two very different stages of my business – and required bringing different tools and strategies to the “business growth” project.
Do you want to grow your business and do more? If you do, then come out and join all of us at the next WREIA meeting next Monday.
March 23rd. Put it on your calendar.
Let me know if there is anything I can do to help you grow your business.
Reserve your seat for the March 2015 WREIA meeting Here.
That’s all for now.
I hope I see you in a little less than a week on Monday, March 23rd at WREIA.
Washington REIA Network, President
Profitable Property, Founder