Could Starting a Real Estate Business Save Your Life?

by | Oct 8, 2021

In a post from the archive, researchers documented a direct health benefit from starting and managing a microbusiness (a business with less than five employees).

By examining data from more than 3,000 counties in the United States, the researchers documented the number of microbusinesses per 10,000 residents in each county.

Then they compared CDC health data to the same study groups.

Their findings revealed a strong correlation between the health and well-being of citizens in those counties that had high percentages of microbusinesses.

More specifically, compared to national averages, mortality rates were up to 55% lower, obesity rates were up to 63% lower, and diabetes rates were up to 55% lower in those counties that had high numbers of microbusinesses.

Why should you care?

Part of your job as a hiring manager is to sell the dream of owning a real estate business to talented individuals who could easily make a substantial amount of income in another job.

If you’re only talking to people who have limited options, you’re not aiming high enough.

A second part of your job is to retain and motivate the most talented agents to stick it out until they reach their potential.

Going back to a traditional job after hitting some obstacles is not what healthy and successful people do.

Let your agents know you’re not just pulling for them to be successful in their jobs, but prosperous in all areas of their lives.

Agents are attracted to managers who help them see the bigger picture.

 

The Simple Psychology of Real Estate Recruiting [2nd Edition]

Unlock the secrets of effective real estate recruiting. Revised to include actionable frameworks for sharper execution and to help you turn psychological theory into a repeatable recruiting system.

How to Get it Right by Being Wrong

How to Get it Right by Being Wrong

There are several well-documented strategies researchers have discovered, but the easiest one to implement quickly is using a structured interview process. Develop a common set of questions for your interviews and record the answers candidates provide (take notes). And then try to hold back judgment until after the interview and when you’ve had time to review your notes.

Doing Only the Things You Like Doing

Doing Only the Things You Like Doing

For most recruiters and hiring managers, recruiting is a complex, end-to-end process containing a bunch of the individual tasks all of which they’re not going to enjoy. Those who push through unpleasant tasks not only find success but also find more satisfaction in the parts of the recruiting process they do enjoy.