Are You the Bottleneck in Your Real Estate Business?
bot·tle·neck: A resource already working at its full capacity and which, therefore, cannot handle any additional demand placed on it. Also called critical resource, a bottleneck limits the throughput of associated resources.
That's a fancy way to say, you're a bottleneck if you're spread so thin in your business that you can't take on any additional deals, clients, projects, etc., because you've reached your maximum bandwidth of what you can handle.
And, if you're at capacity and you still try to take on more, something in your business will suffer - whether that be the quality and timeliness of your services and products, or even your sanity due to burning the candle at both ends.
As real estate investors, it's pretty common for us to be go-getters and carry most of the tasks needed to push our businesses forward on our own shoulders. Whether that means you're the one that's...
- Negotiating with motivated sellers.
- Talking to investor-buyers.
- Putting together contracts.
- Handling tenant calls.
- Updating your website.
- Doing all admin work.
- Handling all the transactional paperwork in a deal.
...You do what you have to do to get the job done.