The Importance of Not Doing Everything Yourself
Innovative entrepreneurs are go-getters by nature. They see an opportunity and lunge to conquer it.
Learning the importance of scaling your business is essential to success. Glenn shares his insights about delegation in his video
Bold and successful entrepreneurs possess no fear in terms of taking risks. While some seem more attracted to huge risks, savvy entrepreneurs take measured risks where the potential loss is tolerable.
There is a dividing line between incredibly successful and marginal entrepreneurs – and that line in vision.
The Visionary Entrepreneur
Starting a real estate investment business is no different from starting any other company. The real estate investor can see the scope of their business clearly – this is an investor with a vision.
Real estate investors, like most entrepreneurs, take charge, move forward, and make things happen. They do this by first understanding the basics and intricacies of the market.
Training is vital in this regard, and organizations such as Home Flipping Workshop make all the difference in correctly launching your real estate investment business.
The new real estate investor is ready to seize the day with security training and continued mentorship.
The vision, an inspirational explanation of your engagement in real estate, drives you from one day to the next.
You care for the concept, nourish the idea, protect it, and flawlessly execute it. Always remember, your vision is your foundation for success.
Without a vision, your ideas will crumble into nothingness.
While vision is the absolute most ideal foundation, the growth of the business becomes the next challenge.
Ask yourself the following questions about your business:
Think about it. You can only do so much in a day, throughout the week, during the month, or by the end of the year.
Any business with a visionary foundation only excels and exceeds expectations due to scaling.
What Does It Mean to Scale Your Business?
Scaling your business means operating a company with more depth, breadth, speed, enhanced functionality, and robust capability. Simply put, scaling is getting more done daily than you usually can.
How does a real estate investor scale the business? A good leader does so by hiring quality people and building an ambitious team of got-getters.
The Real Estate Team
Building a real estate team is a sign of maturity in the real estate investor.
Savvy and innovative entrepreneurs know they cannot do it all. If vision is truly the foundation of your business, it will always require the inclusion of others.
The beauty of having a vision is that it enables you to grasp broad and deep goals.
It seems simple at first, but as the entrepreneur develops his business, the vision has an uncanny way of exposing room for growth and expansion.
Therefore, scaling becomes a necessity when you attain the vision. Consider building a team to fulfill the following roles:
With an initial team like this, you will be able to build a thriving business much sooner than if you make the mistake of “going it alone.”
Many new investors make the mistake of operating solely because they fear losing control of their business.
Prepare to Start Relinquishing Control
Glenn Schworm, the founder of the Home Flipping Workshop, discusses the importance of relinquishing control.
Most real estate investors fear relinquishing control of daily tasks. They think about all the negatives that can happen.
Sure, relinquishing important daily tasks comes with risk. It is no secret that delegating tasks to another person is not the same as doing it yourself. But let’s examine the risks:
So, relinquishing control comes with risk, but it is a risk well worth taking. Once your team member is competent, training time will pay off quickly.
You will be able to move quicker and more efficiently in finding deals and transacting business.
The more tasks you can delegate that are not directly associated with finding and closing deals, the quicker you achieve freedom and wealth.
Relinquishing control is not irresponsible. It’s utterly logical if the business building is your aim.
The question remains; Do you want to be incredibly successful or marginally successful?
Learn More About Delegating to Scale Your Business to Success
Please do not make the mistake of thinking you can do it all. You can’t.
Building your business on the foundation of a clear vision will always require the inclusion of others.
Learn more about building a thriving real estate investment business by attending a virtual workshop with Glenn and Amber Schworm, founders of the Home Flipping Workshop