Manage episode 274886447 series 2415370
The higher you go in business, the harder it is to keep track of its growth. That’s a fact for any type of business, even in real estate. Crunching numbers in deals is one thing, but to deep dive into numbers of your own company is a whole other matter. If you don’t know what you’re doing, things can go south pretty fast.
Today, Don and Ryan discuss the importance of not just having data but having a ton of it. They explain how accumulated data can help steer your business in the right direction and how the same data can be used to set new goals. They also suggest some of the critical types of data you and your team must keep tabs on at all times and share tips on how you can gather individual data from separate marketing campaigns.
“You need to know more than 15 key numbers in your business to really see its health at any given time.” - Ryan Scialabba
This Week on FlipTalk’s Rookie Play Book:
- What you need to know when buying and selling properties.
- Tips on how you can track the numbers that matter.
- The metrics that matter at this stage of your business.
- The results of tracking numbers carefully and how you can use them with your marketing.
- Their perspective on what it takes to build a team.
- What's in store for the Rookie Playbook in the future?
Send in the questions you want to be answered on the Rookie Playbook to be rewarded with a $100 Amazon Gift Card!
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Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don’t forget to tune into our other shows: FlipTalk’s Rookie Play Book and FlipTalk’s REI Round Table. Share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.