REI Wealth Monthly Issue 15 | Page 14

SMART STRATEGIES FOR BUILDING YOUR PROBATE BUSINESS IN 2014 LEON MCKENZIE • Specific – When setting goals for your probate • Relevant – Goals simply must be relevant to business for the upcoming year, make sure you the growth of your probate business. As you are specific. There is an enormous difference set your goals, make sure that those goals between “My goal is to run a profitable probate relate directly to your organization’s growth. business,” and “My goal is to earn $100,000 • through my probate business this year.” Timely – SMART goals only work if they can be attached to the calendar. Think about where Measurable – Any goal that you set for your you’d like your probate business to be next year business needs to be measurable. Goals that at this time and place the achievement of those are measurable make it easy for you to see if • goals appropriately during the year. you are making progress. These types of goals may include how many follow up calls you Implementing Your Strategic Goals make each week, how many new properties you visit monthly or if you are sending out Once you have set the goals you have for your regular mailings. probate business, implementing them. • it is time to consider The biggest challenge that Attainable – Setting reasonable goals is the business owners have is losing sight of where they key to success. If you are just starting out, are going during their daily work. Maintaining the then setting a goal to purchase ten homes this focus on the direction you want to take your year may be too much. By setting attainable probate business is critical to meeting your goals. goals, you will help yourself to create profitability in your probate business without How can you maintain your focus and actually frustration. implement the goals you have set for your probate business? Through regular review. The savviest people in business keep a careful eye on where their business is going. Set aside a regular time each week to review your business goals and check your progress. During this planning time you can carefully evaluate the activity of the past week and strategically add items to your todo list for the coming week that will help you to move forward with your business plan. The most common time for probate entrepreneurs to do this