Archive for Management
How are You Rewarding the Behaviors you Want?
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Are you rewarding the behaviors you want? And, if so, how?
In this series, I’ll be providing tips to trainers, managers, and coaches on how to get behavior change–in the most positive way. That’s the way to move people forward with confidence.
Whether you’re a trainer, a manager, or a coach, you want to see changes (for the better) in your ‘clients’. How can you accomplish that?
By catching someone doing something they should keep ‘in their repertoire’ and rewarding it.
They want to keep their audience’s attention. I’ll be blogging about that during this series. Right now, I want to narrow this down and talk about one way to get and keep your audience’s attention–and it works to motivate anyone you’re working with:
Behavior that’s rewarded is repeated.
That’s the good news–and the bad news. Generally, when you compliment or reward someone for a good behavior, they will continue that behavior. But, in addition, people will repeat bad behaviors, too, if they are rewarded for them (the prisons are filled with people who demonstrate this truism).
Negative Nellies or Bash ‘Em Bobs?
To further complicate matters, some people were raised with negative reinforcement, and respond primarily to negative reinforcement (“you’re not good enough, you’ll never be able to do this, etc.”) These are the people who beat themselves up dozens of times in their heads for any mistake they make. In evaluations, they’re always hard on others. I had one of these people tell me, “You were great, but I only gave you 8 out of 10. I never give anyone a ’10.” Well, guess what, he is harder on himself that anyone else! That’s a tough way to live, but someone people always look at the dark side.
Accentuating the Positive
I don’t think, generally, that using negative reinforcement is a good strategy to employ, whether in or out of the classroom. So, I’m going to concentrate here on positive reinforcement, and specifically how to do it in the classroom.
Getting and Keeping Their Attention in the Classroom with Rewards
I just did an instructor update with the very capable instructors of the Realtors of South Central Kansas. One of the topics they requested was some strategies to get and keep the audience’s attention. Let’s zero in, then, on one surefire way to do that, and it’s quick and easy to implement. Not only does it keep people’s attention, it rewards them for those positive behaviors.
For example: What do you do, as an instructor, when someone does a great job in a role play you’ve set up? You reward that behavior. So, here’s the principle:
Use giveaways for great performance.
What do I mean? Here are some:
One of your favorite books (especially related to your topic)
A pamphlet or book you wrote (I have a small book, literally a ‘small book’ of Big Ideas, that is perfect for this. See it here.*
A CD or DVD
Starbucks card
Entry into a future seminar you’re giving/webinar, etc.
*I’m doing a presentation for Fidelity National Home Warranty Company next month, on how to present at sales meetings to grab people’s attention. So, guess what I’m going to be giving to the facilitators? You got it, the Small Book of Big Ideas!
You’ll Have Everyone’s Attention!
When you reward someone in front of others for a great performance, or being the leader of a group, or being reporter, you can be assured everyone will pay attention. You’re taking the spotlight off yourself and putting it on one of your audience members.
The big question: What are you doing with your students in the classroom that sets up an opportunity to provide positive reinforcement with rewards? (like role play, reporting, small group facilitation, etc.).
Remember, behavior that’s rewarded is repeated, and you’ll grab and keep their attention!
Breaking through those barriers: Keys to higher performance from an unlikely source–my piano teacher.
This year, I’m focusing on performance–higher performance for agents, leadership, and trainers. All of these principles are foundationed in those actions that create higher performance taken from a field that absolutely depends on increasing performance–music.
What does my piano teacher have to do with real estate coaching–or training? Everything. Here’s what I learned about coaching great performance–not from a business coach, but from my great piano teacher (in fact, I’ve had many of them.)
Good or Great?
As you know, some pianists become great, while most others just become good enough to play the notes. It’s the same with trainers’ outcomes. Recently, one of my coaching clients (an owner of a real estate company) asked me, “Why do some trainers and coaches get great results and others don’t–but seem to be working as hard?”
Great question, huh? In fact, if we trainer/coach types knew that answer, we could build our systems so that we assured great performance! So, I went back to my ‘former life’–that as a musician and piano/flute teacher, and thought, “Why do some piano teachers create great performers–and others don’t?”
Why Use Piano Teachers as the Analogy….
I use the analogy of the piano teacher, because it’s easy to hear differences in sloppy and great performance. I’m sure you’ve heard 2 people play the same piece of music. One plays it accurately and one just kind of slops through it. Or, some piano teachers’ students drop out, unmotivated to practice, while others stay motivated, challenged, and achieve high performance–even if they don’t seem to have great talent.
Five Proven Components for Great Performance
From having taken piano lessons since age six, gaining a degree in piano performance, and having taught piano at the grade, high school, and college level, I’ve had an opportunity to see the great and the not-so-great–both teachers and performers. Here are the five components I’ve discovered make the biggest difference in great performance. As you read this, ask yourself, “How am I, as a trainer and/or coach, applying these principles?” “What outcomes am I getting?”
1. Great piano teachers screen in and screen out.
They don’t let just anybody take lessons from them. Trainers and coaches: What’s your ‘screen in’ process? Do you have one? Do you have a list of questions you ask? In our coaching company, we have a prescribed list of questions we ask potential clients (and we unfortunately have to turn down some). I even have a Coach ability Assessment I provide potential clients.
Click here to request your copy.
2. Great piano teachers set expected standards (minimums) during the screening process–not after the lessons start!
Those standards include: Amount of practice each day, recitals attended and played in, going to lessons, etc. What do you expect of your clients? Make a list of at least 5 standards now–and get the ‘mutual expectations’ agreement in writing prior to letting them into your program.
3. Great piano teachers figure out the ‘competency levels’ they want their students to attain–and when they expect them.
How good do you expect your students to get in that one-month training program you’ve been doing? Do you even measure skill levels? Which skill levels to you measure? How? Do you have your students practice their listing presentations until they reach the level of competency you believe the real client expects? What an eye-opener! Make a list now of 5 skills and the level of competency you want your students to attain in your training program. You’ll see your outcomes go way up just by doing this.
4. Great piano teachers get better performance because their excellent students motivate other good students to excellence.
Have you ever gotten yourself into the situation where you felt like you were way above the other people in your group? This isn’t an ego thing–it’s just a ‘I don’t belong here’ thing. Likes attract. Good performers motivate other good performers. Excellent performers stay. Are you creating a self-motivating group–or, are you creating a situation where your good performers will leave for a team that is ‘more like them’? This goes back to those ‘screen in’ and setting competency principles. I know we all feel challenged when people don’t appear motivated. Here’s one of the secrets to fire them up!
5. Great piano teachers provide lavish praise–when deserved.
Behavior that’s rewarded is repeated.
If you have competency levels, you have a way and a reason to praise. Your students/clients know when they have reached those levels–and can expect praise, too! In fact, strong students/clients will ask you for praise. Write down the 5-10 methods you use to appreciate and praise good performance. If you can’t get to 10, figure them out.
But, what about the method? The specific coaching, the training? Yes, the method is important, but the coaching/training techniques above are much more important. I’ve heard some great performers and some poor performers all playing the same kind of music from the same method. At the same time, great methods should have some ‘built-in’ features that assure the trainer/coach is achieving these 5 principles.
Principles, System, Coaching–Putting it All Together
From talking with prominent trainers, managers, and coaches, we’ve pinpointed a need for all those training and coaching today to get the coaching they need to turn out great performers. In my online coaching program for new agents, 
Up and Running in Real Estate, I’ve put these components into the program as an integral way to assure great performance.
Just updated and revised to make it an easy and fun experience!
Got That Business Plan Done? Some Tips via Video Here
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Got your business plan done? Why not get dozens of tips to polish (or start) that plan) by looking at the webinar I did a couple of weeks ago?
You’ll get guidelines to organize your whole plan, and you’ll get tips to assure that plan works for 2020!
Click here to see the video and get all the handouts, too. Happy New Year!
You As Business Plan Coach: How do you Stack Up?
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You as business planning coach: How do you stack up?
This month, I’m focusing on business planning. I want every professional to have a great plan for next year. Look for checklists, processes, and systems, too, ready to use.
You’ve decided to coach your agents in creating great business plans. but, if you’ve never coached an agent in business planning, it can be quite daunting. So, what do you look for? In this blog, I’ll show you how to use this statistic:
listings taken to listings sold in normal market time.
to coach them to a better year next year. You would think agents know this statistic, but very few do. It is so important, because it
- Determines whether the agent makes enough money per listing or not
- Determines whether the agent builds a positive reputation or a poor one
- Reflects the agent’s value-proposition strategy
- Reflects on the office’s productivity and profitability
For example: George Smith, a 10-year seasoned agent, has demonstrated a consistent listing strategy. George’s success ratio is 40%. That is, he sells 40% of his listings in normal market time. What does that say about George’s values proposition strategy? How is George using his listings? Is that the culture you want perpetuated in your office?
A Different Example
Sally Overton has a different value proposition strategy. She has a 90% success ratio in listings taken to listings sold in normal market time. Obviously, she is building her referral system with her raving fans. She is making herself more money in less time. She is drastically reducing the number of complaints (and attacks on her self-esteem, too). She is a role model for best practices in her real estate office. Is that practice more in line with your culture?
Your opportunity: As George’s business planning consultant, you’ll be testing George to see if he wants to change his strategy (some agents love being a ‘bait and switch’ artist too much to change). You’ll have the opportunity to help Sally leverage her awesome conversion rates to obtain even more raving fans. (Nothing succeeds like success).
Do you know your ‘conversion numbers’ in listings taken to listings sold for your company? When you make your own plan, be sure to do a thorough review, and find this number. A high number means you’ll be able to recruit better, get better retention, have better team spirit, and your agents can build on that reputation. A low number means you have a lot to work on!
Click here for a list of common agent business planning mistakes to help you as you coach agents through the planning process.
Excerpted from my agent business planning system, Beyond the Basics of Business Planning.
Watch my Complimentary Business Planning Webinar Recording
It’s on my website now, along with the handouts, at www.carlacross.com/webinars and more (the button).
Comprehensive Online Business Planning Program for Managers
Do you find it difficult to get your agents to plan? Do you put off doing your office plan? Here’s your solution. This all-new program does several things for you:
2 webinars teach your agents how to plan using Carla’s strategic planning system
14 planning documents are included to guide your agents right through the planning process
3 webinars for you:
1. How to Create a Great Office Plan
Included: 22 office planning documents to make it easy for you to stay on track and create a great plan
2. How to Convince your Agents to Plan
3. How to Integrate your Office and Agents’ Plans
Check out Beyond the Basics of Business Planning: A planning system exclusively for real estate managers.
Do You Know Where Your Agents Spent Their $$$ Last Year?
Posted by: | CommentsDo you where your agents spent your money last year? Knowing is critical to their NOT having empty pockets next year. I know you’re going to help your agents create business plans this year, so I want to share these stunning surveys with you.
In my upcoming webinar, I discuss the importance of 3 critical areas you must know–and your agents must know– to succeed next year. One of these areas is the agent’s budget.
Here are the surprising results of a study on how top agents spent their marketing dollars:
As you can see, agents spent their money NOT on the best sources of business, but on other sources. Why? Maybe because they thought these other sources were more interesting. Maybe they wanted to try something new. Maybe they didnt know where they had spent their money before, and just kept throwing it at these less-than-stellar sources.
Help your agents find out where their money went last year, and how big a bang they got for the buck. Now, you’re ready to plan for 2020.
Join Me for my Complimentary Business Planning Webinar
Whether you’ve been in business 20 years or 20 minutes, you need an awesome blueprint for a great 2020–and so do your agents. Join us for this fast-paced webinar, where Carla Cross, who literally ‘wrote the book’ on real estate business planning, will help you do just that.
In this webinar, you’ll:
Get the blueprint the most successful agents and businesses use to create a plan that works. You don’t need a ‘fill in the blanks’ color by the numbers plan–you need a businessperson’s way to think through your business so you’re ready for anything that comes your way in 2020.
Gain the critical step usually left out in business planning–the step that can literally save your money and efforts from going down those dreaded planning ‘cul-de-sacs of frustration and failure
How to predict and project your 2020 results so you know your plan is going to work for you–not someone else!
Your gold mine right in front of you—and few agents are ‘mining’ it. You’ll save thousands in marketing dollars, lower your stress, and enjoy a much better business if you create the right action plan for 2020.
You’ll get some stunning and surprising statistics that will help you create the right actions for 2020, instead of guessing at what to do next.
Managers: You’ll gain tips on helping your agents plan–and how you can be a true support for their planning efforts. Just imagine what your profits would be like if every one of your agents had a workable plan?
Questions: You’ll have a chance to ask Carla your business planning questions, too. You’ll gain handouts from her business planning programs.
Space is limited, so register now! Let’s work together to create an exceptional 2020.
$$$$$$ 2 lucky people will win Carla’s complete business planning systems, too.
When: Dec. 12 (Thursday)
Time: 10-11 am, Pacific Standard Time (west coast)
What: Business planning webinar (join with your computer)
After registering, you will receive a confirmation email containing information about joining the webinar.
You as Business Plan Coach: 3 Areas to Help Your Agents Review
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In these posts in November and December, I’ll be featuring business planning strategies. Watch for checklists, processes, and systems--ready to use, too. I want to help you and your agents create a great business plan for next year!
This post’s ‘gift’ is my after sale survey. See the link in the body of the blog.
Coaching your agents: Before your agents launch right into that business plan for next year, take a look back. Why? Your history will provide clues about how to save time and money for next year.
1. Where’s your money been going? It makes sense that the money you invest in your career should be giving you pay-offs equal to your investment. Unfortunately, many agents don’t know where they spent the bulk of their money last year. Go back over the past four months.
Add up the moneys you’ve spent to generate business in each of your ‘target markets’–those identifiable groups of people that you build programs around to get business (geographical farm, first-time buyers, etc.) Where are you spending most of your money? Are you getting a good enough ‘return on your investment’? You’ll use this analysis to build your budget for next year, too.
From working with agents in my business planning course, I’ve observed that many agents don’t build a business plan around their best source of business: ‘sold’ customers and clients. Marketing surveys show that it costs six to nine times as much to get a new customer as to keep an old one. So, if you spend more money on your best source, and less on your other sources, you’ll optimize your investment.
2. What are your ‘success’ ratios? Most agents don’t know this one:
What are your ratios of listings taken to listings sold?
How many of your sellers are you making happy?
How many of those sellers are so delighted with your service that they will refer more people to you? In my opinion, a good agent should target a 80-90% success ratio in this area.
Why? We all know we need to promote ourselves. The most successful, believable promotions are based on our success records–what we’ve done, not promises. If you have a sign on your desk that says “If you don’t list, you don’t last”–tear it up. Instead, put up a sign that reads, “If your listings don’t sell, you don’t last. Small adjustments, big dividends. (Plus you’ll save lots of marketing dollars.)
3. How ‘delighted’ are your customers? Most so-called ‘business plans’ in real estate merely are goal-setting grids. Focusing only on the ends suggests that the ends justify the means. However, the consumer sure doesn’t think so! These goal setting grids alone lead agents to miss the point of the decade: Top-flight customer service begets more business. That is, not just what you do, but how you do it.
What level of customer service are you providing? Is it just good enough to get through the transaction? Or, is it so great that your customers and clients are thoroughly delighted? (Delighted consumers refer business to you–less cost and more effort equals big pay-offs, right?) What can you build into your business plan to assure that you’re regularly delighting those you work with?
One of the agents in featured in many of my books, Rick Franz, now provides surveys weekly during the time he works with buyers and sellers. He wants clients to know he cares how they feel about the service, and that he’s dedicated to providing the best service they’ve ever had. Pretty competitive, yes?
Click here to get my after sale survey, one of the dozens of strategies ready to use in my business planning system.
Although there are dozens of areas to scope in your plan, just taking one hour out of your day now to assess these three areas–and plan adjustments–will assure you make more money this year–and create a better, more pleasant long-term career.
Be Strategic In Your Planning this Year!
Why not create a great plan, with the flexibility to change with the times? It’s all online now, and you can plan as you go. There’s a planning system for leadership, and, when you buy the leadership plan, you also get entry to the agents’ planning system. Take a look at Beyond the Basics of Business Planning.
Help Your Agents Create Great Missions for Purpose
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It’s time to do your business plan! So, my next blogs will focus on helping you create that business plan–and getting your agents to plan. I’ll include some of the planning templates, too, from my business planning program (see below).
Do your agents have mission statements as part of their business plans?
Why is having a mission important? How should it guide agents? You’ve heard the talks about finding your passion. But, you see your agents being over-whelmed in their careers. It’s just too much to think big when they’re just trying to find that house or convince a buyer to work with them!
The Importance of Your Mission
This time of year, we’re encouraging everyone to create their business plans.
Why? Because, otherwise, you don’t know whether or not the actions you decide to take will fulfill your mission. This is also true of your agents.Tackling and Bringing Down your Time Management Challenges
If agents have been in the sales business a little while, they’ve already discovered that their biggest challenge is time management. How can they get done in a business day everything that needs getting done? That’s where your mission comes in. Creating your mission helps you prioritize all the things you’re supposed to do. It helps you decide what not to do. Most important, it helps you figure out
how to put YOU into your management and sales business successfully
I have a gift for you right now, to help you assist your agents in defining their missions (it works for leadership, too). Click here to get this planning tool, which is excerpted from my online resource Beyond the Basics of Business Planning.
Grab My Online Business Planning Program and Make Planning Easy!
Thought you’d get it done but it’s still on your ‘to do’ list? I want to help!
Managers: Frustrated because you can’t get your agents to plan? Problems solved! I’ve put my exclusive planning pages online–plus webinars to help you get through that plan fast. Don’t wait another year for business success. See more here.
Managers: I’ll teach your agents how to plan, too! Included in your Manager’s Package!
Ready to order? Click below:
Beyond the Basics of Business planning for Managers (includes agents’ planning system)
First Step in Business Planning: Analyze Where You’ve Been*
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Throughout November and December, I’m focusing my blogs on business planning, so you have plenty of information to create a great plan. Look for checklists, processes, and systems--ready to use, too.
Agents, managers, and trainers: If you’ve been in the business any length of time, you know how much more challenging this business is than it used to be! Yet, most of the information we are still getting is about day-to-day selling and managing.
However, we’ve learned that we can’t just keep completing tasks and get ahead. We know that, after we’ve conquered sales and management basic skills, we still have a whole group of other skills to master. Those are called ‘business skills’, and they require as much dedication to master as do those sales and managing skills. One business skill is we need is analyzing your business.
Why Business Analysis?
If we don’t know where we’ve been, how can we decide on best strategies for the next year?
Here are the tools you’ll need in your business planning toolkit, whether a manager or an agent:*
- Time analysis (watch my next blog for a questionnaire to analyze your time management)
- Business plan activity review
- Expense/budget review
- Profit and loss statement review
1. Your time analysis. Do you have the analysis tools to see where your business is, and where you want to take it? With a time analysis tool, you can see what your priorities are. It’s amazing how many agents and managers have no idea where they spend the bulk of their time. Look at your schedule for the last week. Did you spend time in the areas that are most productive for you? If not, why not?
2. Business plan activity review tool. This allows you to capture the history of your business in a way that clarifies your direction. For example, does the tool you use ask you where you got your business last year? Does it ask you the percent of your listings you sold in normal market time? Managers, does your tool ask you the numbers of agents you interviewed, and your conversion rate? Find the tools that ask you the right questions.
3. The expense and budget review. How many agents have a budget? How many managers and owners? All businesspeople set budgets and review them. After all, it’s about profitability in a business, not productivity! At best, you want to use tools that are similar to the ones used by others at the same business level as you, so you can analyze like problems and solutions.
4. The profit and loss statement review. How many agents do you think have a profit and loss statement—and review it? I believe, less than 5%. Yet, if you don’t know where your money went, you can’t analyze its effectiveness. Use Quicken or Quickbooks to get a handle on your money.
Analyzing your business in these four areas gives you a great ‘handle’ on your business habits, your strengths, your challenges–and the areas you want to change for a more successful year next year.
*Grab All the Tools You’ll Need
All these analysis tools all in one place–my online business planning program, Beyond the Basics of Business Planning. Take a look here. There’s a program for agents and a program for leadership. The leaderhship program includes the agents’ program, so you can share that with your whole office.
Time to Plan: How to Get Your Agents to LOVE Planning!
Posted by: | CommentsNote: Through November and December, I’m going to help you with your 2020 business plans. You’ll find free documents from my business planning system for owners and an invitation to a complimentary webinar. Why not subscribe and be sure not to miss a thing?
Let’s get real. Your agents aren’t motivated to build that business plan–and we aren’t either. We know we’re supposed to write business plans. Yet, if your agents are like 95% of real estate professionals, doing that seems just like an exercise in futility. Most business plans don’t inspire.
Leaving out the ‘Magic’?
I’ll give you specific guidance for you to put that magic into business plans, so you and your agents are inspired every day to not only to complete the plan, but to use it as a very personalized and specific guide to your success.
Why Are Most Business Plans Useless?
Unfortunately, when most people write business plans, all they do is fill in some blanks with “guess” numbers. The problem here is that numbers in blanks aren’t inspiring. They aren’t motivating. They don’t call out and suggest to you that you should look at those numbers once in awhile!
What Really Motivates Us?
If numbers inspired us, we’d all be gazillionaires selling real estate. After all, we say we want to sell more homes than the average agent. We want to make more money than the average agent. You know the drill, and we’ve heard it from hundreds of agents hundreds of times. Yet, if numbers and money were motivators, our results would be different than they are. The fact is that money, in itself, is not a motivator.
It’s what we want to do with the money.
And that’s as individual as we are. Martin Luther King didn’t say, “I have a business plan.” He said, “II have a dream.” You must include the dream part–the emotional driver–of your future in your business plans to make that plan useful to you. That means, you as a business consultant, need to include the three ‘missing’ parts of business plans that I describe below.
Building the Why Into your Business Plans
That’s the motivator. In other words, we have to have a big why. Most business plans don’t build in the why. So, they fall flat, and leave us cold. That’s why agents don’t want to go through the exercise of creating them. Managers always commiserate that they can’t get their agents to write business plans. You wouldn’t want to write a plan, either, if you know it wouldn’t help you with your business the next year.
The Tools to Find that Why
Most people think of business plans as projections of numbers. But, that’s not all there is to a real strategic plan. There are three parts of a business plan that provide that inspiration, that motivation. Those are the parts of the planning process that are most frequently left out:
- Your vision--why you’re in this business; how you see yourself after you retire
- Your review–what happened in your business that will make an impact on your business in the future
- Your mission–who are you in the business
In the next few blogs, I’ll show you how to create these parts of your business plan and get your agents to plan, so you give yourself the inspiration and motivation you need to create and implement your plan.
If You Teach: How Do You Know How You Did?
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If you teach: Do you know how you did?
If you rely on people’s comments after the event, good for you. But, what if you knew the good, the bad, and the ugly–so you could keep all the great things and improve on everything else? That’s what a survey can do for you.
At the end of this blog, grab one of my surveys. Click here.
Surveys Should Throw Some of the Accountability to the Student.
I’m a member of National Speakers Association and they are great proponents of surveys. Surveys can do many things for you. Of course, they tell you how you did from the student perspective. But, more than that, a good survey should throw some of the accountability to the student. What was the learning they accomplished? How would they apply it?
We do surveys in our coaching company, both in the middle of the program and at the end of the program. We ask, “What did you learn? What did you apply? Was there any reason why you couldn’t finish the work?” Build some accountability for student learning into your surveys.
You’ll Get Nice Comments for Promoting your Course, Too!
In my speaking survey, I ask attendees if I can use their comments as testimonial. Most of time they very nicely say yes. Testimonials are very, very important to put in your marketing. After all, we believe what others say about us, not what we say about ourselves! Yes, I’m even starting to do video testimonials. (much better than just written ones!)
Here it is: Grab one of my surveys. Click here.
I can help! Let me assist your association or company. I’ll share innovative training techniques that are easy to apply and instantly energize your audience and help you become more effective–and confident. Contact me and I’ll customize a training to fit your needs:
425-392-6914 or carla@carlacross.com