GRIT: The Real Estate Growth Mindset
Business
Matt Mick started his own real estate team with 5 to 6 agents. However, year after year, they noticed that their sales slowed down, with only minor growth. In order to go to the next phase of their business, they knew they needed a better way to manage things in their team. That’s when they decided to jump on with Sisu.
Today, Matt is the Team Lead at Lincoln Select Real Estate Group - Nebraska Realty. From doing 130 transactions a year, they are now aiming for 500 this year. And after finishing with $50M two years ago, their closings and under contracts are currently at $60M with 6 more months to go before this year ends.
In this episode, we talked about:
(03:10) What Matt’s business looked like before they had SISU
(04:44) What to love about having systems
(06:00) The key to doing more transactions without having to hire more agents
(06:44) The difference between hiring experienced agents vs. new agents
(07:20) What are some misconceptions about teams
(07:50) How important is transparency when it comes to commission splits with agents
(14:22) How to deal with ISAs who want to transition into the agent role
(18:00) Why do some team owners/leads prefer to select which agents get certain lead types
(18:42) What does an agent have to do to get into the lead rotation
(26:03) What are the 3-5 things that you absolutely must do to succeed as a new team owner
(32:23) One of the biggest challenges that a leader must face
(34:47) Why we must always keep learning
Episode 116: The Unexpected Impact of Teams with Verl Workman
Episode 115: Business Lessons From Mountain Climbing with Mike Novak
Episode 114: How to Step Out of Production to Scale Your Real Estate Business with Andrew Lewis
Episode 113: Why We Must Celebrate Our Failures with Hannah Bettenhausen
Episode 112: The Current Real Estate Industry Challenges and the Role of Agents With Colton Lindsay
Episode 111: How to be Nice And Still Crush it in Sales with Barry Jenkins
Episode 110: How The Right Systems Help Teams Prosper in The Midst of a Recession with Jamie Bledsoe
Episode 109: Falling in Love With Real Estate with Monica Reynolds
Episode 108: The Healthy Side of an Economic Downturn with York Baur
Episode 107: Creating the Amazon of Real Estate with Mark Pattison
Episode 106: Protecting Culture At All Cost with Jack Lehr
Episode 105: How Each Decision Can Lead You Closer to Success with Daniel Dixon
Episode 104: From Being a Solo Agent to Running Multiple Brokerages with Vija Williams
Episode 103: From Having an Active Job to Having Passive Ownership of Everything with Jeff Cohn
Episode 102: Building a Business vs. Building a Practice with Bobby Moats and Erin Leff
Episode 101: How to Understand People Better Through Understanding Yourself First with Jon Cheplak
Episode 100 with Spring Bengtzen, CEO and Owner of the Utah Life Real Estate Group & Associate Broker at REAL Broker LLC
Episode 099 with Ty Voyles, Co-founder and CEO of Fulcrum Properties Group
Episode 098 with Gaurav Gambhir, Co-Founder and Owner at The Condo Shop / TCS MGT / Rentphilly.com / Mega Realty / Go Commercial and Partner at Keller Williams Center City
Episode 097 with Matt DeCoursey, CEO and Founder at Full Scale and Startup Hustle Founder and Host
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