Organization

[Account Closed]

As you build your business, you need to be able to change your approach to continue to be successful.  I used to be able to focus on just one task/project, but as I grow my business, I need to change my approach to be successful.

For example, I am currently growing my portfolio of private lenders to grow my flipping business more rapidly, have 2 flips being rehabbed, 2 rental properties being rehabbed, and 2 evictions in process. Without planning and organizing, I would not be able to manage all of these at the same time. 

I spend at least an hour every day planning. My mantra is plan the work, then work the plan. Without the planning process to keep me in line, things fall through the cracks. It's easy to get out of balance when finding the right amount of time to plan and the right amount of time to take action. Action without planning rarely produces the desired result, and planning without action amounts to wasting too much time.

I have found between 1-2 hours of planning a day is necessary to keep me on task and all the projects advancing at an acceptable pace. Any less and I miss things I should not miss, any more and I wind up too far in the rabbit hole and not accomplishing what I need to accomplish.

Find good people that can help you with things. I have 2 great realtors that help with comps and remodeling/interior design ideas, my wife does a great job shopping prices to keep costs down on materials and she herself is a talented designer, I have an insurance agent who handles everything online and same day, a great real estate attorney who keeps costs down but gets things done quickly and professionally, and a great guys that runs my rehab work who spends only what is necessary and keeps the projects moving forward.

With all that said - you gotta do something! Too much time is spent analyzing, thinking, debating, and worrying. Keep meeting people, keep looking for deals, and most important - keep taking action! Action is what separates successful from unsuccessful people.