Growing pains are an inevitable part of any business, land investing included. You hit a plateau and growth halts until you make the necessary expenses to get your business climbing upward once again.
Join Mark and team geek:
- Erik Peterson
- Aaron Williams
- Mimi Schmidt
- Tate Litchfield
- Scott Todd
…as they tackle the entrepreneurial dilemma of Growing Pains.
I’ve seen businesses that try to grow but at the same they try to cut their expenses and you cannot grow while cutting expenses; the two do not go hand-in-hand.
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Mimi, who is facing this dilemma now, shares her hesitancy towards spending the extra money for processes that she’s gotten by without until now. Processes and services that include:
- Switching to paid services
- Setting up the website to collect down payments
- Increase mailings
- New marketing platforms
Mimi knows she needs to spend the money in order to get her business moving forward again, but the money sure looks good in her bank account each month.
If it helps me become more productive or efficient, then hire the intake manager, pay for the extra marketing platform, send out more offers—do whatever you need to do to increase your quality of life. Because if your quality of life is good, your business will be good.
Listen in as team geek help Mimi decide if raising certain expenses is the right move for her business growth.
TIP OF THE WEEK
Mimi: For those who have property near the water, check out the FEMA Flood Zone GIS Map. You can put the address in there without a house number, and see where the flood zone is.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?
The post Overcoming Growing Pains To Scale Your Land Business appeared first on The Land Geek.