Are you a Sole Proprietor or A Business Owner? Take The Quiz and Find Out...  

 

1. Is your name anywhere in the name of the company? (John Williams Realty, The Williams Team, etc)

YES

NO

2. Do your customers or clients ask for you?
3. Do your customers and clients only want to deal with you?
4. Do you have any employees?
5. Do you have written systems for ALL business operations?
6. Do you have a written Policy Manual?
7. Do you supervise your employees?
8. Do your employees ask you what to do?
9. Do your employees ask you how to do their jobs?
10. If you stopped working would your income stop?
11. Do you want to be 1.IN the real estate business or do you want to 2.OWN a real estate business?

1.

2.

12. Do you want to 1.list and sell real estate or 2.own a company that lists and sells real estate?

 

Building a business is a process. Making the journey from Employee to Sole Proprietor to Business Owner takes time, patience, on-going education and skill.

 

Quiz Grading: 1.No -5 pts. 2.No -5 pts 3.No -5 pts 4.Yes -5 pts 5.Yes -5 pts 6.Yes -5 pts 7.No -5 pts 8.No -5 pts 9.No -5 pts 10.No -5 pts 11.Answer 2 -5 pts 12.Answer 2 -5 pts

If you scored 50-60 points, Congratulations! If not, keep reading:

 

It begins with thinking like a business owner.

 

Most of us are taught to specialize and to become good employees. Thoughts and ideas we were given that make us good employees do not necessarily makes us good employers. Here are a few of the most damaging, debilitating and limiting thoughts an employer can have that will keep them in struggle, on their own, cause them to suffer financially and create upset and annoy their customers and clients:

“If it is to be it is up to me.”

“If you want things done the right way, you have to do them yourself.”

“Hard work is the key to success.”

“My customers and clients only want to do business with me.”

“I don’t want to manage a bunch of people.”

“Owning and running a business is too much work.”

 

Our book, our tools and our products are designed to assist you as you journey from Employee to Sole Proprietor to Business Owner. You must go there mentally first. Attempting to become a business owner while still having the employee mind-set will not work. You must develop the Business Owner Mind-set.

 

Here are some thoughts of a Business Owner:

“If it is to be it is up to me to write a simple, easy-to-understand system and hire someone else to do it.”

“If you want it done the right way, hire the right people to run the right systems.”

“Laziness is the key to success. I need to find someone else to do this.”

“Because of the world class level of service my company is able to provide with its employees and systems working harmoniously together, my customers and clients continue to do business with my company and send my company referrals as it is my job to make sure everything gets done perfectly, but it is not necessarily my job to actually do the work.”

“My people-person manager manages my people. I manage my business.”

“It took two years of hard work to get my business built. Now it works so well I don’t have to.”

“I am better off on a team than I am by myself.”

 

 

There are many misconceptions about what it takes to run a successful business. That is usually because Sole Proprietors are often referred to as business owners who work all the time and never have time to enjoy their families, their lives or the fruits of their labor.

 

Do not be confused by this. These people are not Business Owners. They are Sole Proprietors and they are a poor model of how to live! They think they are a Business Owner, but that does not make them a Business Owner. Just because you ask them what they do and they say “I own my own business.”, that does not make them a Business Owner. If they can’t leave it for thirty days and have it either maintain or grow in their absence, it is not a business.

 

That is the test.

 

Your home is a business. Most homes have income, expenses, inventory, accounts receivable, accounts payable, budgets, and logistics, policies and procedures, etc.

 

Most all organizations have the same categories: income, expenses, inventory, etc. Therefore, most organizations are business. However, most organizations, like most homes and like most businesses are not run like a business. If you do not design it, build it and run it like a business, you will soon be out of the business.

 

That is why we designed this quiz and the Business Blueprint. The Design Phase is done! All you have to do is fill in the blanks!

 

Thank you for taking the quiz. We hope it helps begin the thinking-like-a-Business Owner process!

 

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