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Chances are at some point in your real estate career you’ve found yourself pondering the prospect of starting your own agency.
For some, this will be their ambition from the outset, while for others it will become an idea that gathers momentum over time.
But how do you know you’re ready? And what’s required to take the business leap?
You have a reason
Often the decision to strike out and start your own agency stems from a reason.
It might be that you feel the time is right to choose your own destiny, perhaps you’re hoping for greater financial reward for your endeavours, or maybe you feel constrained by the approach of the current agency you work for.
Each of these nagging feelings is worth listening to, indicating now might be the time to seize the reins and take charge of your business future.
You have a vision
It takes vision to lead a real estate business – a vision of how you will be different, along with a clear concept of service you will offer, the type of people you hope to have on your team, and the culture your organisation will espouse.
Amongst the members of the Agents’Agency, this vision to create something different and do it on your terms is one of the most common themes we hear.
Often, it’s the single biggest catalyst that sees agents transition into agency owners. They have a vision and have decided now’s the time to create their own agency, with its own unique look and feel, and its own specific values that cater to a specific area or community.
You are self-motivated
Being an agency owner requires motivation, and while that self-motivation is similar to what’s needed to build a successful real estate career, it’s also slightly different.
Striking out on your own involves self-belief and the discipline to put in the hard yards, do the work and build something in the knowledge the buck stops with you.
It also involves the appreciation that building a business takes an investment of energy and time. But that doesn’t mean you have to re-invent the wheel or do it all on your own.
That’s where we come in. The Agents’Agency is founded on a commitment to offering a start-up or existing real estate business the best of both worlds.
You get to realise your business dreams, but with proven systems, marketing, mentoring, and back-of-house support at your fingertips.
In other words, you’re in business for yourself, but you’re never on your own.
You can generate leads
When you started out in real estate, one of the very first things you needed to master was the ability to generate your own leads.
If you’re considering launching your own business, this skill is a must. You’ll need to tap into your ability to network, market yourself and create a pipeline to build that business you dream of.
Often one of the biggest challenges of starting an agency lies in the fact general business tasks get in the way of this activity. The business becomes a distraction that can potentially take you away from the money-earning activities you need to do to underpin that business’ success.
That’s part of the reason we created a model that allows agents to continue doing what they do best – listing, selling, and managing properties - without the distraction of an endless list of business administration tasks.
You are committed
Regardless of whether you’re launching your own independent agency or taking over a franchise office, running a real estate business takes commitment.
It requires an ongoing investment in upskilling and training along with a willingness to make occasional mistakes and learn from them.
It will take time to establish yourself. It will take energy and it will take self-belief. It will also require a moment of courage to take the leap and turn your vision for a business from a dream into a reality.
But if you’ve read the above list and nodded along in the knowledge you tick one or all those boxes, perhaps now’s the moment to make that jump.
As many of our members note, their biggest regret isn’t taking a chance and starting their own real estate business. It’s not doing it sooner.
And if you’re considering whether you’re ready and if now’s the time, we’d love to talk with you about your business vision, your aspirations and how we can help.
At the Agents’Agency we know what it takes to start your own real estate business. We’ve helped hundreds of agencies get off the ground across the country.
We’re here to support you with the systems, procedures, administrative assistance, technology, mentoring and a network of peers that allows you to take that step for yourself but with the assurance you are never on your own.
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