January 19 2023
I do my best reading and creative thinking while riding my bike that goes nowhere (a.k.a. my stationary bike). Yesterday, before skiing, I came across the image below which instantly triggered recent experiences.
As entrepreneurs, we are inspired by our vision, by the chase for greatness and the rewards of our accomplishments. Hard work, teamwork, logic, and efficiencies all contribute to our drive for success.
Massive corrections are occurring at nearly all the former disruptors in our industry, from the iBuyers to the technology companies—which are still learning the real estate business—to the discount brokers.
Our business is simple. We are people dependent. The people are our horsepower. The people are real estate professionals and their client relationships. We can drive the business by adding horsepower through:
Don't overthink the business – we are in the people business.
Add horsepower to your operation and discard those people with the buggy-whips—they're neither motivators nor efficient.
Mark McLaughlin serves as CEO of McLaughlin Ventures and M&A Advisory at WAV Group.
To view the original article, visit the McLaughlin Ventures blog.