3 Strategies to Successfully Run Your Business

By Andrew Duncan

Hi I’m Andrew Duncan and I’ve built a top-selling real estate team in Tampa. I just moved to LPT Realty after being with REMAX for years. The splits are better, the revenue share is better, and it’s honestly the perfect business model now that we can build on the existing success of proven cloud brokerage models. I invite you to check out LPT Realty. Move your license over to us. We’re a brokerage focused on listings and profitability.

If you’ve ever seen the movie “Tommy Boy,” you might recall Chris Farley’s iconic quote: “You can get a good look at a T-Bone by sticking your head up a bull’s ass, but I’d rather take a butcher’s word for it.” While humorous, there’s a valuable lesson hidden in those words, especially when it comes to understanding the intricacies of running a successful real estate business.

At the heart of this analogy lies the idea of gaining firsthand experience and insights by immersing yourself in the environment of successful counterparts. This approach is similar to what we offer at our company—an open-door policy where individuals can schedule appointments to witness our team meetings, attend leadership sessions, and immerse themselves in our office dynamics.

So why should you consider “sticking your head up a bull’s ass,” metaphorically speaking, to enhance your real estate endeavors? Here’s a breakdown of the benefits and key takeaways from such an experience:

1. Examine the culture. When you step into another real estate office, pay close attention to the cultural elements. Look for their core values, mission statement, and how these aspects reflect in the office decor and atmosphere. A positive work environment often indicates a growth-oriented and thriving company culture.

2. Examine the building layout. Real estate businesses can vary significantly in how they structure their physical spaces. Take note of whether they have common areas, closed-off spaces, large conference rooms, or shared workspaces. Each layout choice reflects the unique culture and operational style of the team. Adopting ideas from different setups can enrich your own office environment and workflows.

3. Observe the consumer experience. Consider the journey a consumer would undergo when visiting the office you’re observing. Evaluate factors like reception setup, marketing impressions, and overall presentation. A well-designed office not only fosters a positive environment for employees but also enhances the customer experience, potentially leading to increased sales and client satisfaction.

By embracing the practice of jumping into the fire, you can gain invaluable insights that transcend theoretical knowledge. It’s about immersing yourself in the reality of what works and applying those lessons to your own business strategies.

So, whether you’re looking to avoid common pitfalls, learn from mistakes, or grow a profitable real estate venture, remember to keep an open mind and actively seek opportunities to learn from the successes of others. For more information, do not hesitate to contact us at 813-359-8990 or send us an email at info@theduncanduo.com.