Just as the real estate market and the strategies it takes to win at real estate investing have evolved so are the dynamics of the workplace. Whether you are starting out with one or two virtual assistants or have offices packed with full time staff supporting you, your management approach can make or break your organization.
Take a look at today’s most successful brands and leaders and how their management and organizational structures are so much different to how you may have been managed at other jobs in the past.
What’s different about the way leading CEOs manage their companies today and how should real estate investing business owners be tweaking their management philosophies?
Today the workplace is much more social. Despite a tougher job market employees won’t put up with what they used to and are choosing to be a part of something over simply collecting a paycheck. Top CEOs create communities and organizations with a lifestyle of their own versus factories cracking whips above their staff’s heads.
If there is one thing that real estate investing pros need to become great at it is delegation. Though barking out orders without accompanying them with the tools to achieve the tasks doesn’t help anyone. You need to empower employees to accomplish what you need done and go beyond by enabling them to make decisions and providing easy to follow systems.
Frustrated when things go wrong and people make the wrong choices? Get better at uniting the crew behind your grand vision and their role in it. The path to the top should be clear and everyone should benefit from successes, not just you at the helm.
Work is a lot better when it is fun and team members perform far better when they are placed in the right positions. Then even the challenges are welcomed, rather than ducked and left to build up.