The Forever Cash Life Real Estate Investing Podcast: Create Cash Flow and Build Wealth like Robert Kiyosaki and Donald Trump
Five tips to organize Your Land Investing Business
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Highly successful land investor and Land Profit Generator team member David Van shares his top 5 tips to organize your Land Investing Business in this episode of the Forever Cash Podcast. When you start your land investing business, one of the most important things you can do to set yourself up for success is to stay organized.
There are very few people in the works who relish the idea of paperwork. However, as your land investing business starts to grow, you will quickly discover that if you are not organized, you will quickly become overwhelmed.
If you do not stay organized in your land investing business, you stand to waste a lot of time and lose a lot of money. Here are my top 5 tips to staying organized in your land investing business:
Tip #1: Get a Business Mentor Having a business mentor to help you set up systems and processes in your business is critical to your success. If you have a land investing coach who has already successfully established and scaled their land investing business, you are able to tap into their knowledge and skill to compress time in setting up your own business.
Tip #2: Get a notary As a land investor, the more success you have the more you will be in need of a notary. A notary is a person appointed by state government to act as an impartial witness when important documents are signed. When buying and selling land, there are a lot of important documents that need to be signed, and therefore it’s a good idea to identify the closest and most accessible notary to assist you to get through all those deals.
Tip #3: Digitize your paperwork We have all heard the stories of people losing all of their documents in a flood or fire and the catastrophic impact that this can have on all of their business dealing year after the event. In the modern digital age, this is not longer a risk. I have a dedicated online data storage solution that allows me to scan and upload every single document to the Cloud in real-time.
Tip #4 Project Management apps There are several very effective project management apps on the market that will instantly allow you to control workflow in your business and your life. Project management apps allow you to set up your project, break it down into deadlines tasks, assign those tasks to your team and then monitor when tasks are complete. Project management will streamline your business processes and ensure that you have your finger on the pulse of the day-to-day operations of your business.
Tip #5 Delegate The vast majority of people start a land investing business so that they can start to enjoy freedom of cash and freedom of time. If you try to do every single task in your land investing business, you might improve your bottom line, but you will end up replacing your job with your business. If you really want to experience the full benefits of being the CEO of your own land investing business, you have to be able to delegate tasks to a team that you have trained and resourced to be able to do the job the same, if not better, than you could.
If you want to learn more about how to set up a streamlined and highly efficient land investing business, join us on the weekend of October 1st – 3rd for the Land Profit LIVE event, taking place in Phoenix, Arizona.
Visit www.landflippinglive.com for more information and to book your spot