Mid-Year Review: Assessing Goals and Planning for Success

Posted by Angela Hoffmann on Jul 4, 2024 6:00:00 AM

 

Conducting a mid-year review is essential for understanding your current business performance and making necessary adjustments to achieve your annual goals. An objective assessment provides a clear reality check that can enhance your performance in the latter half of the year.

By this point, you likely have an intuitive sense of how your business is performing. You know if you're on track or falling behind. A mid-year review translates these feelings into concrete data through a thorough business assessment and analysis of your numbers to date.

Reviewing your business now allows you to identify areas where you might be falling short. This gives you the opportunity to implement changes, such as hosting a client event, in a timely manner. Starting now rather than waiting until later in the year ensures you have enough time to make a meaningful impact.

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Topics: Business plan, action planning,, real estate performance, financial analysis, mid-year review, business strategy, annual goals assessment

Mastering Your Quarterly Business Review

Posted by Angela Hoffmann on Apr 22, 2024 7:00:00 AM

 

In the fast-paced world of real estate, success hinges on more than just securing deals. It's about staying ahead of the curve, adapting to changing circumstances, and consistently striving for improvement. One powerful tool in achieving these goals is the Quarterly Business Review (QBR). In this blog, we'll delve into the importance of regular performance measurement, share actionable insights, and guide you through mastering your QBR for sustained success in the real estate industry.

 

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Topics: Business plan, Goal Setting, Success, growth, quarterly review

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

Commit to the End and Go the Extra Mile

Posted by Angela Hoffmann on Oct 1, 2021 12:15:00 AM

Living in Canada means that I get to enjoy the change of seasons, and I for one love this time of year.  Here we call it ‘sweater weather’ where you can go out feeling comfortable, feeling neither super hot nor super cold.  My dogs and I love going out on super long walks drinking in the crisp fall air.

The colours in the fall are gorgeous and it puts us in a new mindset.  We realize that we are approaching the end of the year.

Actually, if you were to count from October to the end of the year; we really only have 10 weeks left before the New Year!   In fact, in terms of working that translates to 8 working weeks.  Really, where does the time go?

What are you going to do for the last 8 weeks? Well, let’s start off with this, forget about what you did or didn’t do in the past, it’s gone and over with.  Starting TODAY, let’s make a fun plan to give you that extra push to get you moving. Then, by the time the holidays roll in, you will feel great about how you ended off your business year.

Here’s how simple it can be…

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Topics: Agent Profitability, Business plan, Goal Setting, Last Quarter

Keep Your Eyes on the Goal

Posted by Angela Hoffmann on Oct 19, 2020 8:15:00 AM

With over three quarters of the year now behind us, we are now in the last quarter of the year. It begs the question; will you finish in the red or in the black? Are you on track to finish strong or will you miss reaching your goals?

We cannot change what’s behind us, so the only thing that matters now is your ability to finish the year strong. The good news is that there’s still plenty of time and opportunity for you to reach your goals and exceed your home sales targets.

Closing out strong is primarily the result of a consistent quarter, and here are 6 steps to help you move in that direction. 

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Topics: Agent Profitability, Business plan, Goal Setting