Year end planning is a great time to assess what is working and what is not working in your business. If things are working - keep doing it! And maybe even double down on it.
However, if you are putting in effort, expending time and money and not getting a return on it then its time to reassess. Its not smart to continue pouring into something that isn't working.
This is where the "Sunk-Cost Fallacy" comes into play. Many of us keep doing things because we have already put in sooo much effort! We think we can't quit now - I will lose!
Well - yes you can. And sometimes you should. And it may be best to reframe your thinking to - I will STOP losing and start directing my energy towards things that win me more resources, rewards, and recognition - or maybe some relaxation!
Here is the meaning;
sunk-cost fallacy
Episode 1 of The Independent Broker Podcast has been released and I had the honor of being the very first guest! Joseph Gozlan and I had a candid conversation about what its like behind the scenes when you are running a team, and an independent brokerage.
We discussed a series of important topics ranging from goals, technology that we use, and marketing tactics.
Check it out here!
The Independent Broker Podcast Episode 1
If you would like to book a strategy call to discuss your real estate career you can reserve a time here.