Monday, January 26, 2009

Budgeting for Your Business and Personal Life

Bob Bohlen shared this outline with the prospecting group last Thursday.

ENERGY

- Make a list of who has positive energy, who you can learn from, spend time with (at least 15 people).

- Get rid of all the negativity around you.

- Invest your energy where it gives you fun, pleasure and satisfaction.

- Focus on buyers.

TIME

- Calculate your time value i.e. $200,000 GCI = $100/hr $50,000 GCI = $25/hr.

- Delegate all the stuff you can.

- Be daily accountable – have a weekly Top Prospect List.

- Use your Ideal Day, Ideal Week systems.

- REO Example – sign, camera and tools in your car at all times. FSBO, Prelist package in car at all times.

- To Do List in morning – Done List in evening.

- Plan your day the night before, down to clothes to wear.

- Focus on buyers.

MONEY

- Zero Based Budget.

- Do everything possible to increase double sided transactions.

- Invest in education, attend all company events.

- Focus on buyers!

ADDITIONALLY

- Be in curiosity not judgment!

- Stay question based.

- See challenges as opportunities.

- Transaction fees, collect them.

- Price right and very conservatively.

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