A lot of pieces in your real estate flipping business can become redundant. Discover the solution to this massive virus in your business
Create a user guide and/or a system that does the motivation work for you. Plug your team in on it.
If they are supposed to be in your team, your user guide and system will wake them up to the reality of your team being a REAL business.
Creating Systems will motivate the RIGHT PEOPLE.
You do not have time for babysitting henceforth. When you know better that you can use books and systems to motivate your team while you are not there physically, your time becomes worth more than money itself all of a sudden.
It’s called leverage.
Most people practice real estate flipping without building a team. They essentially approach the business like a job.
If you’ve studied rich dad poor dad’s 4 quadrant, you’d know that the only quadrant where you can build wealth is in the ‘B’ (Business) and the ‘I’ (Investing) quadrant. The fundamental difference between the E/S duo and B/I duo is leverage.
That’s why I recommend running your real estate flipping business as a Business.
The other 2 quadrants are the ‘E’ (employee) and the ‘S’ (self-employed) quadrant.
With the E/S, you are earning income as a single person and you can only earn income when you show up to work. With the “I” quadrant, you have your earned and saved income working for you without necessarily being involved.
When it comes to the “B”, you have or create systems that work for you either you are there or not in flesh. In my opinion, this is the most stable and promising way to build wealth.
There are 2 ‘T’s that you need to apply leverage to you Real Estate Flipping.
- T for Technology and
- T for Team building.
QUESTION FROM THE VIEWER
“Hey coach, I had to fire the dude that was assisting me so I met with another guy. I knew be might be though because he seems to have some experience with the business. He just kind of lost everything in bankruptcy recently.
But I noticed that it’s hard to schedule time to cover the training that I had to go through with him. However, He also said in a text to not that he can only work 2 days a week.
This was last Thursday. Today he’s all over my text with an ultimatum for the training session within 24 hours. He now wants to meet me for tomorrow.
I have not responded. I can’t deal with this. It all seems wrong. What am I doing wrong? Could this be a good candidate?”
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ABOUT YOUR HOST ::::|
Ola “Tux” Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
#myEmpirePRO #OLATuxAbitogun #RealEstateFlipping
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