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"There are merely two directions; you're either growing or you're dying. There ain't no third direction." (Tommy Callaghan, Sr. in "Tommy Boy") Business is a funny thing; an example may be never permitted to be satisfied. If you start a company, grow it, and begin to income it, then that's good, right? Isn't that the idea? I thought it was, no less than. However, it isn't in case you read the news, watch television, or attend any company get togethers. The things that people wish to talk about are:

What are the growth figures in terms of revenue? Projected out to 2015?

Is your social networking and digital strategy sound? Have you made enough time and financial investments?

Have you seriously considered geographical expansion? Franchise? Office openings? And on and on and so on. There apparently isn't any downtime allowed! If you sit pat, you're destined to fail. You must reach for the celebs of worldwide domination! The purpose of earning profits is always to reinvest it! Get on it! Get bigger! Now! So rapid growth is left because the only option, if you do not need to be considered a "burned-out" property manager. If you choose to pursue slower, organic growth, you could be called "uninspired", a "non-visionary", and lazy. No one writes articles on entrepreneurs who stay the course! Those stories got chopped out at the beginning of the editing room. But despite many loud naysayers to the contrary, staying a similar is certainly an extremely viable option. It's just the "keeping on, keeping on" strategy. Nothing is wrong with that! But how about in the event you really are "uninspired" 2023-10-17 (火) 13:00:35 You are burned out! You are a property management company owner (or agent) who doesn't wish to deal with the business enterprise anymore. You are looking to get out and sell out. How would you do this? You could engage a business broker to discover somebody that wants to add property management with their property brokerage company, or perhaps wants to own a stand-alone property management company. These instances are pretty rare along with the business broker would truly be earning their money whenever they found somebody who will get your smaller firm (under $1M in revenues)! What is a bit more likely is that you simply would sell your management accounts to a different property management firm. For example, I received correspondence the other day derived from one of from the largest property managers in the city; this letter was undoubtedly delivered to every property management company in your community. The letter asked to buy up the property management accounts there were. In https://maddox-hudson-3.mdwrite.net/property-investment-and-property-management-1697092118 & acquisitions speak, they were by using a typical roll-up strategy of buying up every smaller company in your community to accelerate their growth. They had no desire for our systems or procedures; they only wished to throw our management clients into their management machine. This would be a timely way for these phones grow rapidly. It also would have been a quick way for "uninspired" property managers to escape from the business making some quick money away from their company. A true win-win? Possibly! To grow, stay, or go- it is a personal decision that must not be the result of other's expectations. There are possibilities open no matter what your company's strategy is!