Are You Treating Real Estate Like a Business?

12/01/17 • -1 min

Thinking about a career in San Diego real estate sales?
Email me today for a private San Diego real estate career consultation.

The difference between business owners and real estate agents is that business owners tend to focus on profit, rather than commissions.

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If you don’t know whether you’re on track with making a profit, you should.

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This is because the point of a business is to turn a profit. I can’t tell you how many agents I meet with who don’t have any idea what their profits are like.

If you don’t know whether you’re on track with making a profit, you should. Based on your income level, what should you be taking home for a net profit?

I’ve got some great PowerPoint slides that can help you determine these numbers. They’re from the new Keller Williams course “Business by the Book,” and they’re available for download here and here.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Thinking about a career in San Diego real estate sales?
Email me today for a private San Diego real estate career consultation.

The difference between business owners and real estate agents is that business owners tend to focus on profit, rather than commissions.

“

If you don’t know whether you’re on track with making a profit, you should.

”

Previous Episode

Do You Play “Red Light, Green Light” With Your Expenses?

Thinking about a career in San Diego real estate sales?
Email me today for a private San Diego real estate career consultation.

As real estate agents, it’s very important that you play “Red Light, Green Light” with your expenses.

In other words, we agents have to hold our money accountable, especially as you make investments to grow your business. You need to understand that those are investments, not expenses.

We meet so many agents who throw their money at different things. When we ask what kind of return on investment they get on those, they shrug their shoulders. Frankly, they have no clue what their ROI is.

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Do you know what your return on investment is?

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We make sure that our agents are getting a return on their money. That could mean the investment they are making with us here at Keller Williams, online lead generation, and more.

We have a few suggestions of where your budget should be spent as an agent. We also have a little exercise on how to play “Red Light, Green Light” with your expenses. Check out the PDF here and here.

As always, if you have any questions, please don’t hesitate to reach out to me. I would be happy to help you!