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We explore how creating standard operating procedures (SOPs) can transform your real estate flipping business from a demanding job into a self-sustaining operation that doesn't depend entirely on you.
• SOPs don't need to be complex 30-page documents that nobody reads
• Following Layla from Process Driven's six-step method to systemize anything in 35 minutes
• Step 1: Pick a "needy area" that's valuable but painful in your business
• Step 2: Identify specific activities within that area
• Step 3: Clarify exactly what happens, when it happens, and who's responsible
• Step 4: Delegate ownership of processes to team members
• Step 5: Document processes simply through checklists, videos, or templates
• Step 6: Review and update processes regularly as your business evolves
• The ultimate goal is creating a business that runs smoothly even when you're not involved
Thanks for listening to Demo to Dollars. If today's episode helped you move one step closer to your first or next deal, do me a favor follow us wherever you get your podcasts so you never miss a show. We're grateful to be part of your journey. Now get out there and get cracking.
Want to learn how to flip your first house?
CLICK HERE to learn more about our upcoming boot camp, Flipper Camp.
Learn to build a house flipping or multifamily business: Clark St Academy
By Ed MathewsSend us a text
We explore how creating standard operating procedures (SOPs) can transform your real estate flipping business from a demanding job into a self-sustaining operation that doesn't depend entirely on you.
• SOPs don't need to be complex 30-page documents that nobody reads
• Following Layla from Process Driven's six-step method to systemize anything in 35 minutes
• Step 1: Pick a "needy area" that's valuable but painful in your business
• Step 2: Identify specific activities within that area
• Step 3: Clarify exactly what happens, when it happens, and who's responsible
• Step 4: Delegate ownership of processes to team members
• Step 5: Document processes simply through checklists, videos, or templates
• Step 6: Review and update processes regularly as your business evolves
• The ultimate goal is creating a business that runs smoothly even when you're not involved
Thanks for listening to Demo to Dollars. If today's episode helped you move one step closer to your first or next deal, do me a favor follow us wherever you get your podcasts so you never miss a show. We're grateful to be part of your journey. Now get out there and get cracking.
Want to learn how to flip your first house?
CLICK HERE to learn more about our upcoming boot camp, Flipper Camp.
Learn to build a house flipping or multifamily business: Clark St Academy