Flip Tip Summary
Systems are critical in your real estate investing business. Without them, it’s difficult to scale, or step out of your business at all. Fortunately, there are more opportunities to use technology and automation in your business than ever before now. Jeff Shadrick shares more in this FlipNerd.com Flip Tip!
Flip Tip Transcript:
Mike: Hey, it’s Mike Hambright with FlipNerd.com. We have a quick VIP tip to share with you from Jeff Shadrick, who’s going to share a tip on the importance of systemization in your business.
Jeff: Thanks, Mike. I think your systemization is one of the most important, if not the most important, piece of your business when you’re getting started or at an early stage. You have got to make sure you have the right system that fits your business model. You have got to make sure that you utilize that system throughout your business model and get your people to buy into that system as well. It just helps you all the way from the beginning to the end.
If you don’t, you’re going to be all over the place and your people are not going to be in the same line and in the same thought process as you. I think they are going to fall through the cracks and miss opportunities if you don’t. I guess one of the biggest things I can tell you when you’re starting a business out is make sure you spend adequate time on your systems and building those systems up to complement your business model.
Mike: And enable you to step out of your business every once in a while if you need to.
Jeff: Absolutely. That’s the only way you’re going to get out of your business is if you put good procedures and systems in place. If not, you’re going to be tied to it and every little problem that happens with your business, people are going to come to you and try to get an answer because they don’t know.
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Mike: Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.