In this episode of the Forever Cash Podcast, highly successful land investor and LPG team member, Michael Robert, talks about how to become the CEO of your land investing business.
When do you become the CEO of your land Investing Business?
When you start your land investing business, your first responsibility is to learn the business model from start to finish.
As you go through the steps of doing your first few land deals, you will start to understand the systems and processes you need to follow to turn a profit flipping land.
As you become more competent doing land deals, you will grow in confidence. Before you know it, you will have more deals than you can handle on your own. At this point, you will need to delegate tasks to others to scale your business. You may start with one virtual assistant, but as your business grows, so will your team.
When you start to build a team, your role will need to change from sole investor to manager and business leader. You will be stepping out of the part of ‘doer’ and into the role of leader of your land investing business. Being a competent and confident CEO is a skill that you will have to learn, practice and master.
What does the CEO of a land investing business do?
As the business owner, your role is to provide your team with the leadership they need to drive the business forward.
Your greatest asset as the CEO of your land investing business is your people. Your team will enable you to build a business that affords you freedom of cash, and freedom of time, relationship, and purpose!
1. Provide vision and clarity
As the CEO of your land investing business, you need to have a clear picture of your business and where you want it to go. If you are clear in your vision and goals, you can share this clarity with your team so that you are all pulling in the same direction.
2. Make yourself available
You are the expert in your land investing business, and your team will look to you for instruction on how to do their jobs. Create an open line of communication with your team. This will ensure that you can solve any problems quickly and build a relationship with your people.
3. Create an enabling environment
In most cases, your virtual assistant wants to do the best job that they can for you. However, this becomes difficult if they don’t have what they need to get the job done. Find out what your team needs, such as training or software solutions, for example. Provide resources that will capacitate them to be as productive as possible.
Confident CEOs lead successful businesses
Confidence is built on self-trust. And when you start to trust yourself, others will begin to trust you in return.
Being a confident leader will have an impact on your team, but is will also affect your ability to negotiate with your buyers and sellers.
When I first started my land business, I lacked confidence and was too scared to ask for ‘too much’ money from a potential buyer.
As I grew in confidence, I was able to ask for what I knew my properties were worth, knowing that the right buyer was out there and I would find them.
As you grow into the CEO of your land investing business, you will start to see the results. Your business will turn into a machine that continues to make you money while you get to enjoy your life.
If you are ready to step into the role of CEO of your land investing business, take advantage of the opportunity to learn from the best in the industry during our Land Profit Masterclass, starting August 9th.
Jack and Michelle Bosch, the Pioneers of the Land Profit Generator method, and two of the most influential CEOs in the business will be sharing exactly how to replicate their success during a FREE 5-Day Masterclass.
It’s not too late to register; visit www.landprofitmaster.com to register.