Business or Hobby?

Is your real estate venture (or mortgage company, or insurance company, or church, or …) a business or a hobby?

Do you have a business plan?
Do you have defined goals?
Do you have a plan on how to reach those goals?
Is what you do every day based on the goals?
Do you know how to find any document you need within a few minutes?
Do you spend more time working ON your business or IN your business?
Do you do what only YOU can do, and delegate the rest?
Are you proactive?
Do you have a process for everything you do?

If not, you are probably running your business more like a hobby then a true business.

If you have a business, or are thinking of starting a business I highly recommend you read and follow The E-Myth, by Michael Gerber. The principles in this book will help you run your business (no matter what size) more efficiently – which will make your more profitable and give you the ability to grow faster and more smoothly.

I have applied many of the principles in this book, and it has made a significant difference in how we operate and what we do.

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