Where Are You Spending Your Time?

by | Dec 9, 2021

Peter Drucker once wrote,

The supply of time is totally inelastic. No matter how high the demand, the supply will not go up.

And the demands on a real estate manager’s time are always high.

Time is, therefore, always in short supply. And the manager’s time scarcity is bound to become worse, not better.

Time scarcity is a ubiquitous problem—every manager has struggled with it, and all successful managers have faced it down.

How?

Drucker offers this plan of action:

1. Document where your time is going. Record/categorize the activities to which you dedicate your time.

2. Eliminate the things that don’t need to be done. Ask yourself: What would happen if this were not done at all?

3. Redirect the tasks that would be better performed by others. Ask yourself: Who could do this task better than me?

4. Consolidate your discretionary time into time blocks. Time blocks should be long enough to gain the benefit of serious thought and focus, but not longer than 90 minutes.

Being effective does not come from finding efficient ways to cram more into your schedule.

It’s the result of focusing on getting the right things done.

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.

The Attrition Variables

The Attrition Variables

While these attrition constants still have the greatest influence, there are some emerging attrition variables worth noting. People also tend to leave companies when: They feel like they’re not doing as well as others in their peer group outside the company. They feel like they’re not as far along as they should be at a certain point in life.

The Attrition Constants

The Attrition Constants

If you’re not focusing most of your retention effort on these issues, you’ll miss the mark. If you’re not focusing most of your recruiting effort on exploiting these weaknesses among your competitors, you’re missing the best opportunities.

The Persistence Mindset

The Persistence Mindset

A leader equipped with this mindset can have a profound effect on the life and career of each individual they engage. It works because an agent is getting a real-time glimpse of what it would be like to work on your team. But it only becomes believable when it is persistently applied over time.