May 27, 2021 10:10 AM EDT
Most of the time, the path to career success is depicted as either a ladder or a staircase. And not to throw graphic designers under the bus--those are, after all, some of the most effective ways to convey an upward journey taken incrementally--but those images subtlety imply that each milestone, each step along the way, is fairly equal, and as difficult to achieve as the last.
But as anyone who's started their own brokerage is aware, if their journey were a ladder, some of the rungs would be sturdy and evenly placed, but others would be icy, and some might be missing altogether, requiring a giant push just to continue moving forward.
While there are already a few articles available that detail what real estate agents might want to understand before starting their own brokerage, I thought I'd check in with Kris Lindahl, who has been generating a ton of press in the past few months for his unorthodox approach to running his brokerage: Kris Lindahl Real Estate. KLRE was founded in 2018, and in just two short years it's managed to expand into multiple states and surpass $1 billion in sales. In addition to its Minnesota and Wisconsin agents, KLRE has just recently added a separate Colorado team, with its own stagers and leadership.
Rapid growth was always Lindahl's goal, and step one was aggressive, stand-out marketing. Lindahl launched an aggressive billboard campaign to differentiate himself and his brokerage from other agents, and advertise his Guaranteed Offer program. In fact, many articles about forming your own brokerage will mention the need for assertive marketing. But what many will fail to mention is that the marketing strategy that will build trust in your brand and promote awareness sufficient to generate a sustainable amount of clients will require deficit spending.
And if you weren't already nervous about breaking out on your own, deficit spending will definitely ratchet up your anxiety. "It takes a certain amount of risk tolerance to be able to start a business, and it takes even more to scale up quickly. You're going to have to go way out of your comfort zone, and get used to feeling uncomfortable," Lindahl explains.
That doesn't mean only those with high risk tolerance, perhaps on par with extreme sports enthusiasts, should start their own brokerages. But they should have a heads up that they're going to have more than a few sleepless nights.
Starting your own brokerage also requires you to build a strong team. And especially at first, as the company is more fragile, and the stakes are incredibly high, you're going to need to trust the people you've got around you. "It's a giant trust fall," Lindahl begins. "You're now going from being 'in production' to more 'out of production' in your ability to directly generate income for the company. At the same time, you'll need to be trusting and generous with your team's commission. You'll need to focus on other things like building your brand, and so you're going to need to trust the people around you to basically be you and act in your best interests when you're not there on the front lines. That's harder than people realize, especially when so much is on the line."
But if you're willing to ride that incredible wave for perhaps a year or two, and continue to make bold choices, then the payoff can be amazing. For Lindahl, it's allowed him to spend more time giving back to his industry, which is something he's still passionate about. Just recently, Lindahl was able to step away for a few days to hold his own industry seminar in Orlando, giving attendees both online and in person his takes on his favorite topic: encouraging entrepreneurs to think big, and helping small businesses across the country thrive.
Lindahl is still incredibly busy, which is obviously a pace he enjoys. But owning his own brokerage has given him a platform to transform his entire industry for the better, and with any luck, use what he's learned to help others. With every passing year, his brokerage has continued to evolve. And so far, the subsequent challenges he's faced have been easier, and far less terrifying. "I certainly don't want to discourage anyone from starting their own brokerage. It's been incredibly challenging, and I think it would have been easier for me if I knew some of these things before I started. But I'll never regret going through any of it. It's been a dream come true," Lindahl concludes.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.
If you think that the micro accounts are useful only for beginners who may not be able to cope with the fast dynamics of changing quotes on trading platforms, then this is not so. Professionalism grows out of these cent accounts.