Should You Partner With Another Agent To Grow Your Business?- EP 117

2021-12-20

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On this episode of the Real Estate Fight Club podcast, Jenn and Monica will duke it out over “Should you partner with another agent to grow your business”? Do you look for just a partnership, start a team, or leverage with another agent to grow your business? Episode Highlights: When people get into business, there is a misunderstanding and confusion about how hard and lonely it is. When somebody who is not doing well sees somebody else doing a little better, they immediately want to grab onto their coattails, says Monica.

On this episode of the Real Estate Fight Club podcast, Jenn and Monica will duke it out over “Should you partner with another agent to grow your business”? Do you look for just a partnership, start a team, or leverage with another agent to grow your business?

Episode Highlights:

When people get into business, there is a misunderstanding and confusion about how hard and lonely it is.
When somebody who is not doing well sees somebody else doing a little better, they immediately want to grab onto their coattails, says Monica.
Jenn says that you have to know who you are as a business owner and as a real estate agent before you can bring somebody else in.
What is the difference between running parallel with people and entangling with them?
What problem do you have in your business that you are trying to solve? Talk to somebody about that before you go partnering with somebody. It is detrimental to your future, says Monica.
Jenn explains her experience with partnership.
If you enter into a partnership, there are a lot of tedious terms that need to be defined.
You can solve personal problems outside of a partnership; There are showing assistants and solutions. The solution is happening all around you, and it’s not in a team, says Monica.
Monica explains how she journeyed carrying her real estate business while also starting her coaching business.
If you feel the urge to join with someone else , you need to examine why and what that is. Is it just loneliness?
Tiebreaker, Kim Laforet, joins the conversation. She is the team leader at Coldwell Banker at Hubbell Briarwood. She has been in real estate for almost 40 years.

3 Key Points:

Monica suggests you don’t need the leverage to have more success. However, it is good to have a difference between the two. We can run parallel with people, but we do not have to entangle our webs with other people.
If you are going to do a business partnership, have an end date, have a re-evaluation date because if you feel like you want to break up with them, it is already in the works to break up, says Jenn.
If people are a leader type or somebody who wants to develop a team would be an excellent time to bring on an admin person. And if that person can do the stuff you don’t like, it can free up your time, and now you can make more money, says Kim.

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