The Path To Great Answers

Mike: Welcome back to the FlipNerd.com REI Classroom, where experts from across the real estate investing industry teach you quick lessons to take your business to the next level. And now, let’s meet today’s expert host.
Matt: Hey, it’s Matt Garabedian with Phenom Investor and I am your host for today’s REI Classroom and today’s topic is The Path to Great Answers.
Mike: This REI Classroom real estate lesson is sponsored by theinvestormachine.com, FlipNerd’s private investor coaching program and your blueprint to investing success.
Matt: So basically the path to great answers can be summarized in one sentence. If you want great answers, you have to have great questions. I think there is a lot of power in great questions, and this can be used in any scenario you’re in, in a sales process, in growing your business and hiring and anything you want to do in your business. If you can reverse engineer what you’re looking for by asking great questions, you’re going to get great answers.
So it’s designed to stretch what your current beliefs are or what you believe the surface answers are. It allows you to ask questions that will ultimately lead to the answer you’re looking for. Now, this is something that you have to kind of practice and put down on paper to really analyze what it is you’re looking for. It’s not going to be something that’s going to pop up automatically, but if you spend some time on it, you can definitely get what you’re looking for.
So an example would be, you know, think big and specific. Something that’s not specific is “I want to increase sales.” So there is really no specific answer to that because it’s very broad. A big and specific question would be “I want to increase sales, I want to double sales in the next six months.” So if you say, “I want to double sales in the next six months,” that’s going to force you to ask yourself, “What do I need to do to double sales in the next six months?” because it’s big, it’s specific, and it’s giving you a time period.
So in six months you’re going to have to strategize and ask questions about your business that are going to force you to eliminate wasteful ideas, wasteful business practices or just time-consuming things that aren’t money-making activities. So if you could focus on specific questions, you’ll get very big and specific answers.
So that’s a quick tip for you today. Thanks for tuning in and I look forward to seeing you on the next show. Thanks.
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