Real Estate Business Tips – Do You Know Your Numbers?

I bet that if I asked you right now approximately how much money you had in your personal bank account that you would know the answer. And I bet that you probably keep fairly good track of the checks that you write in your checkbook log.Of course, you are saying to yourself…so what’s the point? My point is simply this: you obviously have a pretty good knowledge of the financial numbers in your personal life, so how come you don’t know the numbers in your Real Estate Investing business? Now, there is more to knowing your numbers than knowing just how much money you have in your bank account and in your checkbook, so I don’t want you to think that you can get off that easy. Ultimately, if you want to be extremely successful as a real estate investor then you need to know, review, track, and work to improve the numbers of your business on a weekly, monthly, quarterly, and annual basis!In my business, every Monday I get together with my employees and we talk numbers such as: How many letters were mailed out, how many calls we received, how many appointments were scheduled, how many houses we are trying to buy, how many houses we are trying to sell, how our marketing is converting, how, how, how, how…. It’s called, keeping a finger on the pulse of your business. Do you have a finger on the pulse of YOUR business?If you are lazy, or think you don’t have enough time to compile and review your stats, or think that it doesn’t matter, THINK AGAIN! Here’s the reality of how important it is to know your numbers: No numbers = No business (period!). Everything in this real estate investing business revolves around numbers and simple math. My advice to you is to create some simple reports that you can easily analyze and compare once a week. It doesn’t have to impress a Statistician, just keep it simple and start to keep track of that which you feel is most important to your success. If you have an assistant or employees that can help you, then create the report and have them compile the data for you to review each week (that’s what I do).Make a commitment to yourself to do this for a minimum of 1 month. If it seems to be too much work then you can stop, however you have to do it for a minimum of 1 month. About the 2nd or 3rd week your eyes will open wider then they ever have in the past as you’ll now begin to know your numbers. This simple act will make you smarter, more confident and more wealthy as you grow your real estate investing business …GUARANTEED!If you enjoyed this article, then you”ll love what I have for you now. For a limited time, get a FREE CD and Report ($19.95 value). Go to http://www.ForeclosureGoldRushReport.com or call 1-888-866-2340.To your real estate investing success,
Brian Evans