Want to Be Insanely Productive Without Busting the Bank? Here Are 4 Tips
We all want to do more in less time. This is one of the reasons that we build teams. We start to delegate work. When a finite amount of labor is delegated to a staff more things get done.
But that’s an awfully expensive way to do it.
Wanting to be more productive is also another reason why we fall for the latest technology fashion. This tablet can save you more time while this email autoresponder can communicate with leads while you sleep.
These new technologies also come with a cost.
What you and I want is to be able to do more stuff without having to write a check or swipe a credit card. Is that even possible? It is. Let me show you.
Making money is not enough. I mean, it is enough when it comes to paying bills and clothing your children. But when it comes to motivating you to perform at your highest performance level, money alone is not going to do the trick. You also need praise and recognition for your work.
Perhaps you prefer it to be quiet and in private. Or you might prefer it to be verbal and in public. Find out what your sweet spot is and work to get more of that particular self-esteem reward. Make sure it has impact.
For example, this could be kind words from satisfied clients. Make sure you are asking them along the process on how you are doing. Seeking validation is okay. You will work hard when you do a good job, but when you are recognized and praised for doing a good job you will work even harder.
When you are happy you will work harder.
Eliminate Busy Work
We all have them: things that we do that were once important but are no longer important. So why do we keep doing them? Good question.
Sometimes we keep doing something because other people expect us to keep doing them. This could be a report or a memo. Why not contact those people and ask them how you could improve that particular task? Ask them what sort of impact it would have if you stopped doing that particular activity.
Measure the cost and benefit of everything you do and eliminate those tasks with little benefit but high cost. Next in line eliminate those tasks with little benefit but low cost. Then look at all activities that are high benefit and high cost. Finally, any activities with high benefit but low cost should be kept.
Ask yourself “What one thing could you remove that would make your work easier?” It could be keeping track of paperwork or making follow up calls on your 800 hotline. Is there a way you can delegate these activities to an intern or low-paid high schooler?
The goal is to get you to focus on the the four most profitable tasks of real estate–and forget about everything else.
When it comes to being insanely productive it is helpful if you are insanely focused. This means you have to be harsh about what you accept. And you have to be a Nazi about what you don’t accept.
One thing that I’ve noticed as I’ve gotten more successful is that more and more people approach me about opportunities. I used to listen to all these opportunities until I realized it was a waste of time. There will always be opportunities–and rarely will they ever be as successful as the person suggests. This is why I will only accept opportunity ideas via email. I’ll review the idea and then let the person know if I want more.
In the end, your main focus should be on negotiating, prospecting, listing and selling. Those are the only activities that will make you money.
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