If something in your estate agency is working perfectly well today, you should still be asking one question:
How could we make it better?
In this episode, I explain why every successful business should be prepared to cannibalise itself before a competitor does it for them.
We look at how Apple effectively replaced the iPod with the iPhone rather than waiting for another company to do it, how Blockbuster became complacent while the world changed around it, and what estate agents can learn from both examples.
Because “we’ve always done it this way” is one of the most dangerous attitudes a successful business can have.
We look at how estate agents should continually challenge and improve their marketing, technology, customer journey, communication, automation and internal processes — even when the existing version still works.
This is particularly important for self-employed estate agents because you don’t have layers of management stopping you. If you spot something that could make your business better, you can implement it tomorrow.
The question to ask yourself is simple:
Are you building the next version of your business — or waiting for a competitor to build it for you?
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