Episode 8: Success From Scratch

Episode 8: Success From Scratch

Mindi Stange took the time to share with us her story on this weeks episode of “Success from Scratch.” After 10 years in interior design, she made the switch to real estate sales. Mindi shares what drove her to make the career switch and how she did it.

“If it ain’t broke, don’t fix it!”

Mindi Stange, JP and Associates REALTORS®

Why Does Your “Why” Matter?

Why Does Your “Why” Matter?

It’s been about 134 days since we all made those “New Years Resolutions.”

So, how are you doing with those?

The answer was either a wow, an ouch or something in-between.  Good, because whatever emotion that brought up for you, declare it perfect and move forward in a powerful direction.

Gym owners and weight loss providers love January 1st because that week is when so many people come in to join for the year, participate for a few weeks and then slowly disappear.

Consider this, replace the gym or weight loss program with any other new behavior change like learning a new language, getting up at a certain time, making sales calls and more. You see, we know human nature… you get all excited in the beginning yet somewhere along the way the enthusiasm fades and the new behavior is dropped.

Why does this happen?

Ask any expert and they will say… it’s not having a strong and compelling reason, a or “why.”

I once worked with a real estate agent that I was providing leads for. He was an average producer doing OK – not great yet not bad, just about average. One day he called me and said, “Mark, I have a $50,000 court judgement!” So what happened next?

Nothing changed in my business model; same leads and same market conditions. Over the next 6 months, his production nearly grew by 10X. He called me and said, “I paid off the judgement.” The next month and following months his production returned to his pre-judgement average pattern.

What moved him from average, to 10X and back to average?

This agent had a short-term compelling “why” that drove his daily behavior. When his “why” faded, so did his daily routine and motivation. The conclusion: getting clear on why you want to create something is basic science at this point.

You want to increase sales… Why?

You want to lose 25 pounds… Why?  

You want to spend more time with family and less time working… Why?

What is it you REALLY want? 

Is it the weight loss or how it makes you feel? Is it the increased sales or the financial freedom that brings you? What do you really want? Ask yourself, answer and repeat that about 5 times to get to the REAL answer.

When the days get tough and life gets in the way, it’s the compelling “why” that keeps you engaged and on track.

Let us compare these two scenarios:

A: Making more sales is important to me because I want to have more money.

B: Making more sales is important to me because it provides me more freedom in supporting my family, it creates more options of travel and schools for me and my family, it allows me to contribute more to the charities and my community that I love and are dear to my heart.

With B you can feel the reason. You can see the reason. You can believe the reason. B is crystal clear.

Another example to consider:

A: Making more sales is important to me because I want to be happy.

B: Making more sales is important to me because I want to make the best out of the cards I was dealt in life. I want to celebrate life, provide for my family, give back to my community and live with joy.

With B, it is much more meaningful than a vague “I want to be happy.” Yes!?

….So, why does your “why” matter?

If you actually believe creating a compelling “why” can change your behavior, then it will. If you believe it won’t, then it won’t. The choice is yours to make. It’s like Henry Ford said, “If you think you can do a thing or think you can’t do a thing, you’re right.

Think about one of your major accomplishments…  strong reason “why” was part of your formula. Without a compelling “why”, whatever you attempt will just be another project that sits on the shelf collecting dust.

Positive change awaits you when you make the effort and you tie it to a compelling reason “why!”  

Now, I’d like to know… what goal is important to you?  What will accomplishing this goal do for you? What’s your “WHY” for this goal? 

Share your thoughts and comments with us now, we value your contribution to this community.

Are You Staying Relevant?

Are You Staying Relevant?

Staying relevant in today’s fast-changing world is top of mind to many of my friends and business associates.

A University of California, Berkeley study clearly shows the fastest growing “thing” on this planet is the amount of information we are generating. In fact, information is expanding faster than anything else we create or can measure over the scale of decades.

With the rapid increase in information and the changing popularity of online, radio and TV news how do you and your business stay relevant?

You might expect me to say, Facebook, Twitter, LinkedIn or YouTube. While these tools have a role in relevancy, they are simply tactics of a much larger strategy.

To stay relevant today you need to have a “Flexibility and Fast Learning” strategy in place.

 

Flexibility

Mark Morford, an SF Gate columnist states, “I have found flexibility to be the most frequent reply I give to those who ask me about how the hell they’re supposed to keep up with the onslaught of tech stuff coming at them.”

Flexibility, just means you allow the possibility that some of these seemingly inane developments might be beneficial and you should not dismiss them out of hand because, well, that’s where the action is.

It is common to hear people say that the present is unlike the past. And that is true. For change is indeed constant. If we do not change, we risk being outcast by the wave of societal changes. There are specific common steps among companies and people that have used “flexibility” to reinvent themselves. They are:

1. Having a keen awareness of what is changing and has changed around you. (Be aware)
2. Reflecting on what needs to change within you and your company. (Be Flexible)
3. Checking to make sure those changes match your values and goals. If yes, move to step 4.
4. Fine-tune the plan you need to make that change.
5. Act on your plan to change.
6. Review the change after some time to ensure you are on course.
7. Go back to Step 1 on a regular basis.

Learning Fast

According to KM World, learning before, during and after everything you do is a must in staying relevant. The results of methods such as peer assists (learning before doing), action reviews (learning while doing), and after action reviews (learning after doing) are well-known. If you are not applying those techniques in your business, projects, and teams, you are not staying relevant. Start now.

Here is a checklist of simple questions to guide you through fast learning strategy:

To “learn before doing” at the start of your day or any activity:

  • What is supposed to happen today?
  • How will I know if I’m successful?
  • What knowledge do I need to get what I want to be done, and where can I get it?
  • What help do I need?

To “learn while doing” in the middle of a task or activity:

  • What was supposed to happen up until now?
  • What has actually happened?
  • Why are 1 and 2 different?
  • What can I learn and do about it right now?

To “learn after doing” at the end of the day or a task:

  • What stands out for me that is new or different?
  • What should I repeat next time I do this, and why?
  • What should I do differently next time, and why?
  • Who else may be facing similar challenges and might find this useful?

To remain relevant, you need to have a “flexibility and fast learning” strategy in place. Facebook, Twitter, Instagram, and YouTube are tools and have a role in relevancy, yet keep in mind they are simply tactics of a larger strategy.

#WinTheDay #ExceedingExpectations

Delegate, Automate or Eliminate

Delegate, Automate or Eliminate

“Deciding what not to do is as important as deciding what to do.” – Jessica Jackley

Delegate, Automate or Eliminate — Today’s post is short and sweet. Sometimes those are the best, yes!?

You see, I’ve seen too many entrepreneurs follow this idea like it’s some kind of commandment: “If you want something done right, you have to do it yourself.”

Can you relate?

Imagine if you could delegate, automate or eliminate many of the tasks you’re not good at, or dislike… like booking appointments, marketing yourself or running errands. The result? Creating more time to do what you are best at, love and find important.

The key in delegation, is understanding and accepting that others simply won’t do it like you. So, get over it! Have standards, yet allow your team to run with it.  When you do, what is possible in your personal productivity and life satisfaction?

For automation consider “If This Then That.”  IFTTT is the freeway to get all your apps and devices talking to each other. Not everything on the internet plays nice, so IFTTT is on a mission to build a more connected world.

Consider letting go of some of the things so you can spend more time in your genius zone. CrisMarie Campbell and Susan Clarke, Business Consultants and Authors of The Beauty of Conflict recommend taking an honest look at how you are spending your time through a four zone model.

What is your zone?

  • Zone Of Incompetence – you don’t do these things well. Better to eliminate, automate or delegate.
  • Zone of Competence –  you can do these things but don’t like them much. Better to eliminate, automate or delegate.
  • Zone of Excellence – you are very good at these things. They bring you success, but they don’t make your heart sing.
  • Zone of Genius – you absolutely love doing these things, you do them well and they give you the highest ratio of abundance and satisfaction to the amount of time invested.

What type of workplaces you in your genius zone?

What can you delegate, automate or eliminate this week? This week is YOURS. Own it!

7 Things I Wish My Broker Had Told Me

7 Things I Wish My Broker Had Told Me

Many of you know my story… I’m an immigrant from Italy that came to America barely speaking any English and now, the leader of the 88th largest real estate broker in America. In the last 6 years, we’ve grown from the trunk of my car to #3 in the DFW marketplace and #88 in the nation.  When I created JP & Associates REALTORS I wanted to provide a solution for top producing agents and teams, I wanted to create a culture of productivity and service, I wanted to help others overcome the 7 things I wish my broker had told me along the way:

What do you need to know as an Agent?

First, the conclusion… instant success is very rare. I’ve learned there are simply no shortcuts on the road to success in real estate. It takes hard work dedication and what I call the “7 S’s” of success. (More on the 7 S’s in a later blog post). Yet I’ve also learned there are no speed limits either, you can move as fast as you can, and no one is going to stop you. Success is never owned it’s only rented. And in real estate sales, the rent is DUE every day!

Second, don’t confuse being an independent contractor with being the CEO of your own business. It’s true you are an independent contractor; however, that does not mean you’re free to do whatever you please. I wish my broker had told me, being the CEO of your own business… that happens when you unite your talent with your leadership skills. Understanding where you are now; creating an action plan to eliminate gaps; developing systems, structure, and process for your business and having the mental disciplines to win is what separates the rich from the rest.

Third, the job of ALL marketing and social campaigns is to generate appointments that lead to signed contracts, period. When I was selling full time, my sole objective was to participate in activities and marketing that led to signed contracts. Everything else was secondary. That means assertive networking, self-promotion and relationship building.

Fourth, generalist struggle while specialists thrive. Meaning create a niche for yourself. I see so many of you trying to be all things to all people. “I’ll go anywhere!” Really? Why? Because you are so afraid of where the next deal comes from. Develop your brand so you are known for something… “the condo queen,” the “luxury home specialist,” the “relocating executive expert,” the “investment hub for doctors, lawyers and other professionals.” Be known for something, not everything.  Stay in your lane… if you get a commercial deal refer that to a specialist; you get a short sale lead refer that to an expert; you have lead for farm and ranch refer that to the folks that know “the dirt.” Going outside your expertise is the fastest way to disaster in your business.  

Fifth, I quickly learned that when I help people achieve their goals it’s easier for me to achieve mine. I never approached a potential customer with how much commission I could make. I always served my potential customer with what they needed. Once I understood the importance of allowing people to make their own choices in finding a place to live my business changed. I learned to become the HUB, the local area expert and my brand stood out as the go-to guy.

Sixth, I wish my broker has told me that my colleagues could be both good friends and tough competitors. No one owns the business – not them and not you. It’s the only job you wake up each day unemployed.

Seventh, I wish I’d known the fact that everything in real estate stays the same, yet everything changes. Typically, in 90-day cycles. Every day you will be presented with challenges and opportunities to stay ahead of technology and the industry. Without a well-defined business plan, a strategy and a process to evaluate that strategy you will be whipped around by the forces to be vs. building a business by design.

What to do next?

At the end of the day, decide what you want; create a compelling reason why you want it; find an accountability partner; stay committed vs just interested; execute your plan with passion; remain flexible yet focused and finally celebrate the small wins along the way. I’d leave you with the exercise, with this action plan for today:

Think about what the next 5 years, the next 10 years look like for you. When you stand there and look back at today, who do YOU NEED TO BE to make that happen? Go BE that person today!  At JP & Associates Realtors, we are here to encourage, support and celebrate your journey.

 

“We are here to encourage, support and celebrate your journey. – JPAR Team”

Q1 2018 Results

Q1 2018 Results

The first quarter of 2018 year is gone. Can you believe it? Where did the time go?

Are you ahead, behind or on track with your personal & business goals? In any case, I’d encourage you to “declare it perfect and move forward powerfully.” Make the necessary adjustments, and keep moving forward.

“It’s not where you start but where you finish that counts”

The story of Bennett Moehring.

Bennet hadn’t even turned 21 yet when he suffered one of the most crushing disappointments of his life, live in front of nearly 70,000 people in “swirling snow,” he missed a game-winning field goal in the Army-Navy game allowing Army to win 14-13.

After the failed 48-yard kick, his teammates helped him off the field, and he wept in the locker room. But then he started drawing upon what he’d learned from the leadership course he was taking and from talks about character he’d heard from Navy coaches. He decided to face reporters, take responsibility, and talk about how lucky he felt to play football. “I’ll use this as motivation,” Moehring decided. “I’ll get better. It’s the only option.”

Then a surprising thing happened. Moehring started getting words of encouragement from everywhere offering him praise and support via social media, email, and texts. All of this backup, as well as soul-searching on his own part, eventually helped Moehring cut himself some slack on not making what was likely a near-impossible kick in the first place.  He realized that his missed field goan turned out to be more of a blessing than a burden. “If I made the kick, the glory would’ve faded,” he said. “But with this, I can be an example of good sportsmanship, and that’s lasting.”

Bennett Moehring “declared it perfect” and so can you.

Next Monday as a firm  – our support teams – will learn from the past 3 months: we will celebrate success and also make whatever adjustment and changes are needed to not only catch up with goals but also to move ahead.

This is just the first quarter of 2018. We all have plenty of time to reach our 2018 goals… as long as we are all willing to execute the daily activities, track the results, make the changes to our behaviors and engage an accountability partner.

Are you interested or committed? 75% of the year remains, let’s go!