"There are merely two directions; you’re either growing or you’re dying. There ain’t no third direction." (Tommy Callaghan, Sr. in "Tommy Boy")

Business can be a funny thing; you are never permitted to be satisfied. If you begin a company, grow it, and commence to income it, then that’s good, right? Isn’t that the concept? I thought it was, at least.

However, it genuinely isn’t should you read the news, view tv, or attend any organization get togethers. The things that people want to speak about are:

What are the growth figures with regards to revenue? Projected out to 2015?

Is your social websites and digital strategy sound? Have you made time and financial investments?

Have you thought about geographical expansion? Franchise? Office openings?

And on and on as well as on. There apparently isn’t a downtime allowed! If you sit pat, you’re destined to fail. You must take the stars of worldwide domination! The purpose of making money is to reinvest it! Get on it! Get bigger! Now!

So rapid growth is left as the only option, if you do not desire to be considered a "burned-out" property manager. If you choose to pursue slower, organic growth, you will be called "uninspired", a "non-visionary", and lazy. No one writes articles on business owners who stay the course! Those stories got chopped out at the start of the editing room. But despite many loud naysayers to the contrary, staying the same is undoubtedly an extremely viable option. It’s just the "keeping on, keeping on" strategy. Nothing is wrong with that!

But think about if you actually are "uninspired" now? You are burned out! You are a property management company owner (or agent) who doesn’t need to deal with the organization anymore. You are looking to get out and sell out. How would you make this happen?

You could work with a business broker to find someone who would like to add property management on their real-estate brokerage company, or simply really wants to own a stand-alone property management company. These instances are pretty rare along with the business broker would truly be earning their money whenever they found someone who will buy your smaller firm (under $1M in revenues)!

What is more likely is that you would sell your management accounts to a different property management firm. For example, I received correspondence a few days ago from with the largest property managers in the city; this letter was undoubtedly delivered to every property management company in your neighborhood. The letter motivated to buy inside the property management accounts we’d.

In mergers & acquisitions speak, we were holding employing a typical roll-up technique of buying up every smaller company in the region to accelerate their growth. They had no curiosity about our systems or procedures; they just wished to throw our management clients inside their management machine. This would be a quick means for them to grow rapidly. It also has to be quick way for "uninspired" property managers to get out in the business and make some quick money away from their company. A true win-win?
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To grow, stay, or go- it’s actually a personal decision that shouldn’t be the result of other’s expectations. There are solutions it doesn’t matter what both you and your company’s approach is!