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Why would someone want to build a real estate team? We are big believers in the “why”. Without this understanding, nothing is ever really accomplished. Without knowing why we are doing something, we can never know if we are successful or not.
Team building is hard work (like anything else business related). Building a team is an entrepreneurial endeavor. You are building a small business. Like any small business it takes time, effort and money to get it moving and growing. Without the right motivations behind your actions, it’s destined to fail.
The first thing you need to decide is why you want a team. Is it a status symbol? Is it to create immense profit or to provide a better way of life for you.
One of the most common mistakes when agents first start a team is they focus on the selfish reasons – “the results”, instead of the grand picture of what a quality team provides to everyone. A team cannot function solely for an individual. The reasons why to build a team include:
The more the team leader focuses on others (clients and team members), the better the chances are of the team becoming successful. The direct result over time is that the team leader will also reap huge rewards from the team environment. Let’s look at these benefits closer.
A team provides a platform that creates an easier way to do things. It should provide sources of leads, as well as help doing the non-dollar productive activities so the licensed team members can spend more time doing what they are best at, buying and selling homes. This means that one of the very first benefits to team members is time freedom. They need to spend less time per transaction, and therefore they can spend their time on either making more sales or living their life outside real estate.
We know how to build teams! It's all good here at Veltri & Associates, Realtors! To find out more, contact Al Veltri, Broker of Record at 1-866-483-5874 Ext. 401.