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Updated almost 11 years ago,
Business man at heart, Real estate the venture.
My brother and I are starting a property management/investment company. I have grown up on the business side. My brother, Jamie, grew up on the analytical side. As a kid I started creating little business' for fun to make money after school, taking after my dad. Even got to the point where I had all my friends working for me. Jamie did math equations. Recently I saw the two of us sitting on a couch in our apartment and I wondered why we weren't just doing it. That's what I had done before as a kid, just done it. So I jumped on my computer, found a property that was good and required little demand from our shrunken wallets, then set up an appointment to see it. I told Jamie the night before we were going to go. That way he wouldn't have a choice. Well, the property was great. He came back home with all the information he needed to make his analysis of the property. Figure out rent potential and run numbers for hours (as he loves to do).
I made the connection, made it happen, and now I am waiting on his approval of the property before we move to the next step.
My question, as I sit on the couch once again, is what can I, as the business man do, to make sure my stake in this is well earned. I understand I can help him collect data, I am. He is giving me spreadsheets with information to figure out. All he is really doing is taking what I give him and running the numbers and analyzing profit through scenarios.
I am not giving him the credit he deserves for how miniscule I made his job sound. My question is from this being our first property, what can I do starting today to make sure I contribute on my end and make my end of the business a success? I'd like to hear things from today to ten years out. Things such as strategy, flow, growth speed, managerial styles, agenda, priorities and communication between the two of us.
It will be a success. I know that. I just want to make sure I am 100% confident when I approach my part of the job. I already feel 100% confident, its just time to broaden my knowledge and open myself up to new things.
Im not 13 anymore, and this isn't a small boat cleaning business.