When should I hire an assistant? How should I train them? What should they do for me? These are questions I get asked every time I coach a new client or speak before a group of realtors. Assistants can be an important addition to a realtor’s business. Hiring an assistant can also be one of the most frustrating experiences and financially challenging times in business.
Before a realtor should hire an assistant you should clearly identify the need for one and the job responsibility of the assistant. I believe the purpose for the assistant is two fold. First, to relinquish the low pay off activities to someone who has less value per hour than I do. Second, to fill in the gaps in the areas I am not highly skilled at doing.
To determine what the low payoff activities are, make a large T the size of a piece of paper. On the left write the high payoff activities. On the right fill in low payoff activities. List the things you do based on value on each side. Value based dollars returned to you when you do those things. We generally earn 85-95% of our income doing about a half dozen things. The key is to identify those things. Then create a game plan to increase the time we are doing those high payoff activities on the left side. By taking the right side low payoff activities you can develop an assistant’s job description. Over time they should be trained to perform the bulk of the low payoff activities so you can focus more energy on the high payoff activities.
Now we need to focus on what we are truly skilled at and enjoy doing. Separate those tasks and activities. Create a list of activities you are not skilled or highly efficient at. These should be delegated to staff, affiliates or completely dropped from performing. Then we must find the person who has the skills and enjoys doing those functions.
Too often we hire people like ourselves. This does not allow someone to fill in our gaps. I always looked for staff that enjoyed the paperwork aspect, the office behind the scenes environment. Someone who had strong organizational skills. Someone who was a great follower. We already had a leader and did not need another leader- I was it.
The timing of adding a staff member is important. We often add an assistant too late. We are overwhelmed and throw the new assistant in the pressure cooker with us. We have more business than we can handle effectively so we hire. The problem is we have no time to train. We get discouraged by their performance and ability to perform effectively right now. That is truly a no win situation for an assistant.
My advice is to hire before you are in a crisis. Try hiring your assistant in the slower months of your business. I realize you will have to feed the business for a few months. But you will be able to invest the training time necessary to produce a quality assistant who will be ready to perform at a high level when you take off. When you are growing and very busy it is hard to find time to train staff properly. Preparation is the key to achieving success through assistants.
Take the steps to evaluate your need for an assistant. Then create the job description out of your low payoff activities. Then invest the time daily to train, coach, and monitor your assistant. These steps will ensure your hiring an assistant that is a wealth center. A quality assistant will increase your business and give you more freedom to spend with your family.
Need More Help Increasing Your Income?
We’ve made available to you a FREE Business Review & Evaluation Coaching Call with one of our Professional Coaches. These are the same coaches that have helped our clients achieve an average $100,000 increase in income, and they’re here to help you as well!
Along with your free coaching call, you’ll also get instant access (after you fill out the form below) to our free REALTOR® PROfile™, which will help you identify your core strengths & weaknesses and help you address those areas in your Real Estate Career. It’s an extremely useful tool and the first step toward achieving atruly successful business with personal life balance.