Who Is Driving Your Bus?

Your company is like a bus rolling down the highway, but are you driving or are you letting other people take the wheel?

The fact remains that your company is, in fact, your company. While seeking out advice from professionals such as accountants or listening to your trusted administrator are good things, you need to do what is right for you.

Lack of knowledge can put you at the mercy of others!

Let's face it, running a real estate company is a challenging job. Many brokers today were salespeople yesterday where they only had to look after themselves. Ask yourself this: can my administrator take a two-week holiday without putting too much strain on the back office? If the answer is no, then you have a challenge.

Many administrators are very helpful and do a great job. Others, however, make it so that the company can't function without them. This is called empire building and must be avoided.

There is also the accountant, who obviously serves a worthwhile purpose. Too often, however, the accountant will give advice based on his convenience and not yours. Most accountants prefer you operate a generic accounting system like theirs.

The fact remains, you have to run a system that is specific to your needs—a system you run every day but the accountant runs once a year.

Bottom line – seek out advice but keep control of your company.

To view the original article, visit the Lone Wolf blog.