We’ve talked about finding the first hire, but what if you want to start building a team? Yes, finding someone to work with you is as simple as filling a gap, but building a team adds a lot of elements into the picture. You’d have to deal with each other’s personalities, ensure the cohesion of work between people, maintain consistency of the quality of work, and many more!

So how do you create a team that’s easy to manage? Continue reading, and see what Bill Allen, owner of BlackJack Real Estate and visionary leader of the 7 Figure Altitude mastermind, has to say!

These tips are from the sixth episode of the Real Estate JAM. In that episode, Bill Allen talks about how he (almost!) lost $185K from a deal, knowing when to start hiring, and the things you need to know when building a team. If you’re interested, you can listen to it on YouTube, Spotify, or Apple Podcasts.

Don’t Make Them Buy Into Your Vision
The business you’re building is an organism that has body parts that are aimed towards the same goals. Bill says that if you’re trying to build a team, find people that you can mesh with. Get those who embrace your culture and follow your mission. If you have to tell them, “what will it take for you to buy my vision?”, then that’s not the person for you.

They don’t have to be all-in forever, though. It’s a normal thing for you and a team member to grow into different directions. People change and sometimes grow to realize that things are not working out for them anymore. In the podcast, Bill shares that some of the employees he’s worked with before found a higher-paying job or something else they’re more passionate about. Others have even started their own companies since parting ways with him. And even those who didn’t last long for not being a good fit, were even grateful that they were allowed to leave. Why? Because those people were able to thrive in the new jobs they got!

A Team, Not a Family
Bill believes that you should treat your people like a sports team and not as family. As much as we may love our parents and kids, we all know that not all members of the family are focused on working for each other’s sake. We see each other during Christmas and have some fun, but later go back to our individual lives. However, when it comes to sports teams, while each individual does have their own lives to live, in the team, they’re focused on performing at their best efforts to win. And when everyone works hard, people don’t want to bring each other down. When one inevitably does bad, we don’t put them on the grill, but coach them back into a better version of themselves. With families, while we might help out each other here and there, we still have those odd uncles or cousins with problems that we inadvertently let them live with.

There are definitely arguments to disprove these statements, but the fact that your team should be focused on the company’s mission and must be open to feedback still stands. This doesn’t mean that you can’t have fun! Bill shares that he and his team go on team building activities, holiday parties, and play games once in a while. He even gives them the opportunity to consult him for free financial advice!

Want to learn more? Listen to the full episode on YouTube, Spotify, or Apple Podcasts

About Bill Allen:
It is my passion to serve, lead, and give. I want to help other house flippers, wholesalers, and entrepreneurs, grow their businesses and achieve personal and financial freedom through REI!

I believe that if you create financial freedom for you and your family, you will be able to do so much more with your life. It starts by getting around the right people and making sure you have the right TRIBE! That’s what 7 Figure Flipping is for flippers and wholesalers!

I am a Naval Officer with 18 years of military experience. I enjoy leading others and helping them find their own success. I believe that you only grow by surrounding yourself with those that will hold you accountable and push you to get uncomfortable. Your network is your net worth!

I am the owner and CEO of the 7 Figure Flipping Mastermind Group which includes 7 Figure Altitude and 7 Figure Runway.

Outline of the Episode:
[02:46] From losing $185,000 on his first deal to being able to flip over 150 houses, Bill Allen shares his story and what he’s all about.
[07:25] Using your past experiences to fuel what you’re going to do in the future.
[13:45] How does Bill seeing his grandmother before her death relate to real estate? Life is not all sunshine and rainbows!
[17:33] Learning to do the work yourself and understanding the monetary value of each little task.
[26:16] The first person you want to hire depends on your style and personality.
[31:40] When should you consider hiring in the first place?
[33:46] Building a team consists of finding the right fit at each pivotal moment of your business. They might not stay forever, as long as you can help each other out.
[38:18] Starting to grow a small business takes a lot of trust. Treat your people as a team, not as a family. Why?
[42:02] One of the fundamentals of business is taking care of your people.

Resources Mentioned in the Episode:
BlackJack Real Estate
7 Figure Flipping
7 Figure Flipping Podcast
7 Figure Altitude
7 Figure Runway
7 Figure Flipping Facebook Page
Instagram
YouTube
Flip Hacking Live
DISC Personality Assessment

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Email: jd@shorefront-investments.com or info@shorefront-investments.com