Rewriting your Business as a Real Estate Investor

You pushed hard all year last year, your business grew and your staffing headcount increased. Yet, the numbers aren’t adding up. You are bringing in more money but you aren’t keeping anyone.?

Is it even worth it? If you are feeling this and are only a few years into business, this is common. You aren’t alone. I have heard this a lot recently as we roll into 2024. As a business owner, working in a dynamic and changing business landscape it can be hard and overwhelming understanding how to grow your business, especially when the market keeps changing.

Here is my top tip to start to really understand your business. Know your numbers on an annual basis. In the winter, you have a large increase in costs due to snow removal. In the summer there is yard maintenance and winter preparation. Factoring in those expenses are key for you to understand cash flow.?

You will also want to consider the time versus the effort. Where in your business do you make the most amount of money for the time invested? You might realize the time you spent last year working on a development project produced a much higher rate of return for the time you invested AND you had the most fun doing it!

It’s really easy to get caught up working IN our business on a day to day. And sometimes it takes a bit of reflecting back onto our actions last year to really understand where we need to focus on. Remember, you aren’t the same entrepreneur you were last year. You have another year of experience under your belt!?

It’s ok to toss out the old and bring in the new if you find that after further investigation it’s not getting you closer to your goal. After all, that’s the beauty of driving your own business!