Episode 2: Quarterly Goals, Planning, and Accountability
whatshot 8 snips
Oct 15, 2024
Dive into the world of goal setting with insights on ambitious targets for gross profit and team accountability. Explore team dynamics that fuel a high-margin land investment business. Discover strategies for minimizing the cash conversion cycle, turning marketing dollars into profit faster. Learn about the Entrepreneurial Operating System and the importance of aligning team objectives to achieve success. Real-life challenges are discussed, revealing practical solutions for hiring and financial management in the real estate sector.
45:05
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volunteer_activism ADVICE
Annual Goals and Funding
Set ambitious, yet achievable annual gross profit targets.
Consider incorporating limited partnerships (LPs) for cleaner funding and tax advantages.
insights INSIGHT
Team Structure and Roles
Building a skilled team is crucial for scaling a land investment business.
Different team structures and roles can be effective, depending on the business model.
volunteer_activism ADVICE
Dispositions Strategy
Utilize both realtors and in-house dispositions teams for faster property sales.
Diversify marketing efforts to minimize days in inventory and maximize cash flow.
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🎙️ Welcome back to The Ground Game Podcast! 🎙️
In Episode 2, hosts Clay Hepler and Justin Piche dive into the nitty-gritty of goal setting, team structure, and strategic planning for a successful land investing business. If you're serious about scaling your land investment operations and want to learn from seasoned pros, this episode is a must-listen!
In this episode, Clay and Justin cover:
Annual and Quarterly Goals: Discover how Clay and Justin set ambitious yet achievable goals for their businesses. Learn about their targets for gross profit, team expansion, and strategic initiatives for the upcoming year.
Team Structure and Roles: Get an inside look at the team dynamics that drive their businesses. From acquisitions to sales, and everything in between, find out how they build and manage high-performing teams.
Cash Conversion Cycle: Understand the importance of minimizing the time it takes to turn marketing dollars into profit. Learn actionable strategies to reduce the cash conversion cycle and scale your business faster.
EOS and OKRs: Explore the Entrepreneurial Operating System (EOS) and Objectives and Key Results (OKRs) frameworks that Clay and Justin use to keep their teams aligned and accountable. Discover how these systems can help you achieve your business goals.
Real-Life Challenges and Solutions: Hear about the real challenges they face in their businesses and the solutions they've implemented to overcome them. From hiring the right people to managing complex financial structures, get practical advice you can apply to your own business.
This episode is packed with valuable insights and actionable advice that you won't find anywhere else. So, if you're ready to take your land investing game to the next level, hit play and join us on this exciting journey!
Hosts:
Clay Hepler: A seasoned real estate entrepreneur driven to build an eight-figure land flipping and development business.
Justin Piche: A former US Navy submarine officer turned real estate entrepreneur, passionate about building high-performing teams.
Listen now on Apple Podcasts, Spotify, and wherever you get your podcasts!
The Ground Game Podcast