Chapter of The MREA: Part Two – The Four Stages: Working On The Business Instead of In The Business

Net a Million seems like a lofty goal, to some unattainable, but it comes down to two simple criteria that Gary Keller outlines in The MREA:

1. Gross a lot more than £1 million a year.

2. Hire someone who will run your business to the same standard you did.

Simple, right? There are several prerequisites, plus a long journey, for you to reach Net a Million. However, a significant element of your journey to becoming a Millionaire Real Estate Agent will be your capacity to work on your business rather than in your business.

Working in your business will mean that you directly contribute to a lot of the day-to-day work that goes into running your business. Working in your business is precisely what you’ll need to do at the outset to generate enough momentum to move through the stages of your business’ development. After some time, some success, and lots of leverage, you and your team will maintain the standards you have set while sharing the workload. You will eventually have a set of standards that you hold others accountable for as they run different facets of your business, to the point that you can truly step back to work on your business.

This stage sounds liberating, but it can be hard to let go of the day-to-day facets of your business and trust those you’ve employed to do the job to your standards. We will cover The Four Issues of Receive a Million in next week’s issue of KiloWatt, where we hope to put your mind at ease when it comes to letting go of your business.

“Letting go” sounds scary, but in reality, it’s the most exciting step in your business’ growth. Letting go will give you the confidence to step out of your business entirely, owning a stream of passive income that generates money for you without needing to do much, if anything, to maintain its success. Once you hit Receive a Million, you’ll be unencumbered by time, able to pursue your wildest dreams while your business generates your income.

What will you do with that freedom?