Colorado Springs Realtor - Cherise's Blog: June 2008

Collapsible Business Model

Having a "collapsible" business in times of economic uncertainties is one of the beautiful things about having a real estate business.  In times of market changes, you can adjust your business to respond accordingly. There are many areas where cuts can be made to a business without compromising the services to the client.  A small example: I discovered recently that we were paying for four additional "back up" phone lines, available if our internet ever needed to return to the old dial-up days.  For quite some time we were paying for something that we didn't use (thankfully have not had to revert back to the dinosaur days of dial-up internet speed).  What areas can you streamline in your business?  I encourage you even as this may be the middle of your busy season to look at your expenses and trim the areas of excess spending.  It will set you up to maximize profits.  I have come to the conclusion that I would rather invest in the people around me rather than things that add little to no value to the team.

Comment balloon 0 commentsCherise Selley • June 25 2008 09:34PM
Collapsible Business Model
share
Having a "collapsible" business in times of economic uncertainties is one of the beautiful things about having a real estate business. In times of market changes, you can adjust your business to respond accordingly. There are many areas… more
Is the Sky Falling in Colorado Springs?
share
The housing market.. is it really that bad in Colorado Springs? The latest MLS stats help to shed some light on those fears. According to the numbers posted for May 2008, the Average Home Price for a Single Family Home is.. more