The "Profitability Mindset": A Blueprint for Business Success

Posted by Angela Hoffmann on Jan 8, 2024 12:24:01 PM

As we begin a new year, it is good to set the tone for success and growth in our endeavors. We believe at The Profit Centre that at the forefront of any thriving business is a fundamental element that we consider to be foundational to success and that is “The Profitability Mindset.”

This is no ordinary mindset; it is the very foundation upon which successful businesses are built.  In fact, it forms the foundation of the Profit Centre's "Profitability Business Model," which provides real estate entrepreneurs with a clear roadmap to ensure the stability and prosperity of their business. In this blog post, we will explore the significance of the "Profitability Mindset" and its transformative impact on businesses.

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Topics: Agent Profitability, Brokerage Profitability, Goal Setting, Success, Mindset, real estate broker

Two Sides of the Coin in Managing Profit

Posted by Peter Mueller on Jul 8, 2022 8:32:16 AM

 

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Topics: Recruiting, Brokerage Profitability, Business plan, Goal Setting, Real Estate Business Plan, Mindset, growth, real estate broker, real estate brokerages

The Power of Growth Potential

Posted by Peter Mueller on Jun 22, 2022 8:15:00 AM
 

What is growth potential and why is it powerful?

I believe that growth potential is an important component of Profitability in understanding the value of your business. I can best explain growth potential from a Real Estate Brokerage perspective using an example.
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Topics: Recruiting, Brokerage Profitability, Business plan, Goal Setting, Real Estate Business Plan, growth, real estate broker, real estate brokerages

What's your "One Big Thing"?

Posted by Peter Mueller on Feb 2, 2022 8:00:00 AM
 
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Topics: Agent Profitability, Team Profitability, Brokerage Profitability, Goal Setting, Success, Mindset

Profiles of Profitability Success: Salt Fowler Real Estate Team

Posted by Peter Mueller on Jul 12, 2019 12:59:00 PM


Welcome to our new series called 'Profiles of Profitability Success'.  In it we want to share knowledge and insights on how to build a profitable business by interviewing the best and most successful people in the industry. This month, we will be profiling the Salt Fowler Team.

After going through our Team Profit Analysis process, we discovered that Gord Fowler and Lisa Salt are number one in just about every single category we have, and notably in category: Team Leader Net Profitability. To gain more insights watch the interview here: 


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Topics: Profiles of Profitability Success, Agent Profitability, Team Profitability, Brokerage Profitability

Profitable Compensation Programs - Know The 9 Principles

Posted by Peter Mueller on Feb 1, 2019 10:53:48 AM

Before designing a compensation program it is important to first identify who your customer truly is before you start recruiting. I believe that many Brokers do not have a defined outline of the REALTOR® they want to attract. Given the challenges of recruitment, Brokers tend to be seduced by the physiological win of a new heartbeat as opposed to being focused on acquiring the right REALTOR®. The result is often the development of compensation programs designed to attract them on price.

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Topics: Recruiting, Brokerage Profitability, Real Estate Compensation Plan