Your team is a crucial part of your growth and success. If you want to be able to scale your business and grow it to where you want it to be, you have to make sure that your team is on the right track and they’re empowered to keep going even without you in the picture!
Watch this video to learn what empowering your team means in scaling and how you can start doing it for your own business!
Key Talking Points of the Episode
[00:00] Introduction
[00:48] Why you need to create a process
[01:19] Anybody can make money here
[01:58] A repeatable system
[02:26] The biggest limiting factor in scaling a business
[02:50] Learning to put constraints on your business
[03:40] Expanding with processes
[04:14] Empowering your team
[04:32] What are you involved in?
Quotables
“That empowers them to go ahead and be able to put the deal together without talking to anybody in upper management.”
“Do it the right way where you know you’re in a range.”
“Now you’re creating a process that can be repeated by multiple people over and over again in your business.”
“Anybody right now can make money in this marketplace. The market’s so strong and the supply is so low.”
“What I’m talking about is a scalable system that you can use over and over to grow your business.”
“This is what has allowed me to be in a position to step out of the day-to-day operations. I’ve removed myself completely from the day-to-day operations.”
“Now I’m in a position where it allows me to pull back and start working more on the business.”
“What you haven’t learned yet is learning how to put constraints in your business. Part of those constraints is building processes that eliminate you from parts of it.”
“If you don’t put that in place, it’s impossible to do this on a bigger scale without having these components working for you.”
“You empower your team to move forward.”
“When you put these processes in, that’s how you empower your team. Then they can make decisions on deals without you even being involved.”
“When you’re doing deals, what happens is, you’re not only involved in all the decisions on the offers but also in the decision of what the exit strategy is for each and every property.”