The real estate industry is full of exciting opportunities for potential business owners. No matter how experienced and driven you are, though, it’s difficult to fulfill your dreams if you don’t have a quality team by your side. If you’re thinking about owning a realty franchise, keep the following advice in mind as you assemble your team of stars.
How to Grow an Effective Team for Your Real Estate Franchise
1. Pinpoint Your Exact Needs
Don’t hire just for the sake of growing a team. Instead, have a specific goal in mind with every new employee. For example, if you’re just getting started and need help finding relevant leads, hire someone who specializes in lead generation. If you have more work than you know what to do with, hire an assistant who can handle the administrative tasks for you.
2. Look for Skills You Don’t Have
If you’re an amazing salesperson but not a fan of the financial aspect of running a business, don’t start by hiring other salespeople. Hiring for the skills you don’t have allows you to delegate the tasks that hold you back. Then you can focus on the areas that you really enjoy and where you naturally excel.
Even if you’re just hiring other agents, look for people who specialize in areas where there’s room to grow. For example, if your accomplishments involve selling homes, look for agents who have a lot of connections with commercial property owners.
3. Include Thorough Training
The hiring process doesn’t end once you find a new team member. Creating an effective team requires thorough training and building an intentional company culture.
When you find new employees, go over your specific business goals with them and make sure they understand the communication processes within your organization and know where to go with questions. Consider implementing team-building events or exercises to facilitate collaboration between team members as well.
If you’re thinking about purchasing a real estate franchise, contact EXIT Realty Upper Midwest. Franchise owners receive protected territory and systems, tools, and recruitment assistance to help run successful operations. The company is currently seeking ambitious professionals in North Dakota, South Dakota, Iowa, Minnesota, Wisconsin, and Illinois. Visit the company’s website to learn more about exciting franchise opportunities or call (651) 505-3570 to speak to a team member today.