Collecting Keys - Real Estate Investing Podcast EP 28 - Need Vs. Want: Should You REALLY Hire an Acquisitions Manager?
What did you think of todays show??
Do you ever wonder whether or not your team is enough for your business?
Maybe you think that you can do almost everything for your business. Juggling tasks may be easy for you, but is it the most efficient way to do things? You may think that you can do it all, but the truth is, you shouldn't be wearing all the hats. There are jobs where people other than you can excel, like the acquisitions manager role. However, if the acquisitions part of your business is what you enjoy, then you probably should avoid the temptation to hire one just because its what everyone else is doing.
In this episode of Collecting Keys Podcast, we talk about how an acquisitions manager can help you and your business in the long run. We also talk about the road to success and why building your business around an office is not a good idea nowadays.
Here are some power takeaways from today’s conversation:
- There is no wrong way to succeed, but there is a right way.
- The little nuances in a physical office do not matter to workers anymore.
- Workers want flexibility and to make money.
- Building your business around an office is not the cornerstone of freedom.
- Be honest with the job description.
- Hire for what your business needs, not for what you want.
Episode Highlights:
[03:23] No Wrong Way to Becoming Successful
There's no wrong way to succeed, but there is a right way to do it. There are many different ways for you to choose your way to success. The base process is all similar, but the journey makes it different.
[06:04] The Little Nuances
Traditional business owners tend to overlook the effects of the current COVID-19 pandemic on the industry. Workers do not want to return to offices even with the perks like a taco day or recreational activities. Workers want flexibility and to make money productively.
[10:09] Being Together is Not The Cornerstone
If you are trying to run a profit, you want to be focused and fast. Wanting to be physically together as a team can become counterproductive. There is value in working face-to-face, but it's more important to have a better communication system. Building a business around an office and requiring you and your team to be physically present is not the cornerstone of freedom and financial freedom.
[17:06 ] What is An Acquisitions Manager
An acquisitions manager can take on various roles, but they typically engage with leads for a business. They are in charge of the follow-up sales calls, running appointments, and contract signing. They are both the face and salesperson of a business.
[22:08] Strengths and Weaknesses
Assessing the strengths and weaknesses of your business reflects on the vision of your business. You must look at it as a whole and not at just overhead. Knowing when you need a person to take care of specific tasks shows growth for your business.
[25:23] Hiring for the Role
Hiring an acquisitions manager or any other role must be out of need rather than want. If your business calls for a person in this role, then you must do it.
Resources Mentioned:
collectingkeyspodcast.com