Model, Time, & Accountability

3 Factors for Approaching The Growth of Your Real Estate Business

Growth Curves and The Decisions To Make –

How Your Approach to Learning Impacts Your Growth In Business

Growing in the real estate business is synonymous with learning in business. Real estate professionals all possess distinctive characteristics, varying abilities, and different learning styles.

Our differences represent why it is possible to have many different models from which to plan your growth. 

The approach you take to gaining knowledge is uniquely your own. This approach can be both instinctive and calculated. 

Many times,  growth by learning and growth by experience can feel like trial and error. As expert real estate coaches, we aim to help you compress the learning curve.

If you’ve ever felt like all that stands between you and your next level of success is a hit-or-miss experiment, this article is for you. 

Model, Time & Accountability

In the real estate business, our growth trajectories are largely determined by the decisions we make about: 

1) Model – the real estate business growth model we choose.

2) Time – the time we devote to the implementation of that model.

3) Accountability – the accountability/real estate coaching structure we put in place.

We’re going to break it down for you below, and we also recommend you check out this short video by Middleton Elite Coaching founder & head Coach Bill Middleton, for further insight into this topic.

Model – determining your growth path

To determine the growth curve you will ride for your real estate business, you must first ask yourself – “What’s my model?”

Your real estate business model is your company’s plan for continuing to generate revenue and making a profit.

The initial model you created for your real estate business more than likely included the planned revenue streams you wanted for your business, the services your business would offer, and how you would market your real estate business.

Growth models for your real estate business are similar to your business plan, only they focus on the way your business can change, and likely has, over time.

These changes may present themselves as financial, developmental, or organizational.

How Do I Know If I’m On The Right Path?

The growth model for your real estate business can be determined not by asking yourself  “Am I doing it the best that I can do it?”, but by asking yourself “Am I doing it the best it can be done?”.

If this question sends you on an expedition to find the very best model for the way your real estate business should operate – go find it. Once you find it, make this your model.  

The model for the growth of your real estate business comes when you can examine the best models and analyze the data they represent. 

• HOW is this the best model for my business?
• WHY do I want to grow my business following this model?
• WHAT 
  • am I willing to learn to grow my business within this model?
  • skills am I willing to develop to grow my business within this model?
• WHO do I need to put in place to grow my business within this model?

RELATED: The right WHOs for your HOWs

By evaluating your answers to the questions above, you should be able to plan the course of growth for your business. This is your growth model. 

Your next step will be to determine the amount of time your growth model will require.

Time – how and where to spend it

As a real estate business owner, it is important to spend time ON your business, not just IN your business. 

Now that you have determined the growth model for your business, you will want to determine how much time you need to devote to your growth model. Next determine how much time you are willing to devote to your growth model.  

The age-old saying is true that you get what you give.  Time is no exception. It takes time to master anything. Your business is something you should aim to master – or at least be really, really good at.

The success and growth of your business can be measured by the time devoted to growing, learning, and building the future of your business.  

Somewhere between devoting no time at all and devoting every waking moment is where the magic will happen. 

How Do I Measure My Time?

Work to develop a system by which you can measure the time needed to accomplish the growth model you’ve chosen. You should be able to easily communicate this system to yourself, to your team, and to all the people contributing to the success and growth of your real estate business. 

The amount of time you determine will be needed to follow the best model for your business is the exact amount of time you should devote to achieving it. 

To ensure you devote the required amount of time, you must have accountability.

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Easier said than done? Don’t fret – we have our own system for helping you! 

Click Here to find out how working with a Real Estate Coach has contributed to the success and growth of so many of our Real Estate Coaching Clients! 

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Accountability – keeping you on pace for growth

You’ve picked a model by which to plan your business growth. You have determined the amount of time you are willing to devote to growing your business. Now, you need to see it through. 

You may have the determination, the grit and the will power of an unparalleled superhero. The more realistic truth is that you may need accountability to keep the course.

Having the proper accountability structure in place will help you accomplish your real estate business growth goals. 

In the same way that you may have an accountability practice in place for your team members and their team members, you need someone to have accountability over you. 

Having the accountability you need for growth within the model and time you have chosen for your business is critical. 

This accountability will help you to stand by the decisions you’ve made and will help you turn your plans into actions. 

How Do I Find Accountability?

For some, accountability is a log or a personal diary. For others, accountability is a calendar, an alarm clock, a pop-up reminder.

For most, accountability is expected from an accountability partner. 

Find an accountability partner who is willing to push you. This partner should motivate and drive you. Your partner should also have the license to call it the way they see it when your actions fall short of your plans. An accountability partner can be a spouse, a business partner, someone you look up to in the real estate industry, or a real estate coach who is a perfect stranger. 

You should be transparent with your accountability partner about your growth model, the time you need to devote to accomplish your desired level of growth, and the accountability you need in order to keep this commitment. 

Related: The Four Growth Curves: An Approach To Understanding Your Growth Trajectory. We help you discover new ways to use the concepts of Model, Time, and Accountability in the growth trajectory of your business.

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Working with a Real Estate Coach is one way, if not the best way, to ensure you stay on track to break through your ceiling. When you’re ready to talk, we know the best in the business. Click to Learn More