Build Your Business

The Difficulty Of Self-Management

Mike leads a discussion on the challenges of being a real estate agent, focusing on the difficulty of self-management rather than the tasks of the job itself. They suggest that many people struggle with the freedom and flexibility of self-employment, likening it to the struggles of newly independent college students. Mike argues that while real estate agents may know what to do, they often lack the discipline and maturity to manage themselves effectively, resulting in a lack of productivity. They advise the participants to take action and manage their business effectively.

Daily Habits Over Setting Goals

Mike initiates a call with a focus on the importance of daily habits over setting goals. They share a quote about success being determined by daily habits and not just setting goals. Mike discusses the disconnect between the goals people set and the habits they maintain, suggesting that the latter is more influential in achieving success. They recommend a book by James Clear, 'Atomic Habits', for further insight into this concept. The call concludes with a challenge to implement habits that will lead to success.

Good idea vs. Bad Idea

Mike leads a call with Hannah, playing a game of 'good idea, bad idea'. They discuss various topics including serving on an HOA board, which is advised against unless one wants to help without taking on a leadership role. Hiring one's children in a business is considered a good idea if done correctly, and Mike encourages those considering it to seek their advice. Dressing well for work is a good idea to maintain professional standards, and maintaining a clean car is also advised. The discussion also covers the use of lead generation programs, which can be beneficial if used correctly, and the importance of not giving away too much of one's income to such services. The call concludes with a light-hearted discussion about footwear preferences.

Why It is Important

Mike addresses perceived rigidness and uptightness in their professional demeanor, including their choice of attire and schedule. They explain that these choices are deliberate attempts to counteract the industry's low standards and maintain professionalism. Mike emphasizes the importance of discipline and high standards in achieving success. They challenge the audience to set and maintain high standards, contrasting their own approach with what they perceive as a more relaxed, less disciplined lifestyle. Mike encourages the audience to strive for excellence and not conform to societal norms or expectations.

Good Idea vs. Bad Idea

Mike hosts a weekly meeting with Hannah, discussing unusual real estate experiences. Mike shares a story about a house with a 23-foot water fountain and another about a house with a shocking discovery of whips and chains in the closet. They also discuss a real estate agent's unconventional promotional video. Mike encourages agents to find ways to make full-time income on a part-time schedule, emphasizing the importance of innovation and adaptability in the industry.