Vlad Kats is a self-described introvert. Despite this, he is also a real estate entrepreneur, business leader and highly sought out speaker on all things real estate brokerage, agent recruiting, and profitability. He is the founding member of the Thrive Network at eXp Realty in Baltimore, Maryland.

Today, Vlad talks about team-building and explains why management is important in any business. He also explains the often-misunderstood key difference between management and leadership, and understanding whether circumstances call for managing or leading your team.

Vlad also touches on three common pitfalls that mega agents -- and entrepreneurs by extension -- fall into. They revolve around having a crystal-clear picture of your destination, hiring the right team members, and taking your environment into consideration on your journey in business.