What a Real Estate Advisor at The Agency Wishes They Knew Before Entering Real Estate
Mark, a Real Estate Advisor, wishes someone had emphasized treating real estate as "a true business," focusing on "ROI on marketing campaigns" and strategic financial decisions based on data rather than intuition. This business-minded approach, he suggests, would have accelerated career progression.
Business Acumen, Financial Management, Strategic Planning, Data Analysis, Marketing ROI
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Mark Sloat
Real Estate Advisor
Sloat Group at The Agency
Arizona State University
Bachelors Degree
General Studies / Not Applicable
Real Estate
Communication and Marketing
None Applicable
Video Highlights
1. Treat real estate as a business, focusing on ROI and strategic decisions based on data rather than intuition.
2. Develop a strong understanding of financial statements and balance sheets to make informed business decisions.
3. Building a strong business foundation will lead to faster career progression in the industry.
Transcript
Q9: Wish I'd known before entering the industry.
What have you learned about this role that you wish someone would've told you before you entered the industry?
I think to treat it like a true business. It took me a couple years to figure out that this is truly a business.
There are a lot of folks in our industry that treat it from deal to deal to deal, and they don't look at the broader picture. What's your ROI on this marketing campaign? How much are you spending here or there? And where can we help improve the health of the balance sheet?
So just being, you know, having an accurate balance sheet and making strategic business decisions based off of actual numbers and statistics, as opposed to just on a whim. I think that would probably have helped me progress a little bit faster in the industry.
Advizer Personal Links
www.sloatgroup.com IG: @sloatgroup