Eight years ago, I was where you are now. Nervous and fearful about making the step up to principal, even though I had 15 years of being a successful agent under my belt.

But, at nearly 50 years old, this was my ‘now or never’ moment – and I didn’t want to live a life full of regret. So I gathered my courage and leapt.

“I’ve never looked back.”

It hasn’t been easy. There’s long hours and hard work involved. But the reward has been second to none – and I’m not talking about the financial gain.

Running your own business is empowering. Every day, I get to put the key in my front door knowing that I get to do things my way. I love how my team is proud to come in and work for me.

And, as a result of the culture we’ve created, One Agency Lindy Harris is a resounding success. We’ve got a phenomenal 50% market share in Singleton, a small town in NSW.

So what’s my advice for those of you looking to make the transition?

“You need the right mindset”

Making the jump from employee to business owner can be a daunting prospect. You continuously question whether or not you’re doing the right thing.

So how do you gain the confidence and the courage to step up?

By surrounding yourself with the right people who help you grow and expand your mindset.

I’ve got a great business coach and real estate coach in my network. They’ve been there supporting me every single step of my journey from agent to principal.

You need the right support.

Opening your own agency can be complex and overwhelming, especially with all the paperwork and legislative requirements.

One Agency were invaluable to me throughout this entire process. They made the transition easy, holding my hand throughout. No matter how small the question, they were always there whenever I needed them.

And that’s the thing. Having the right support around you from the start means you don’t have to learn everything the hard way.

You need solid foundations

To succeed, your agency needs to be built on solid financial foundations. That means keeping your overheads low and defending your revenue so you can maximise your profits.

Here are four ways you can do that:

  • Regularly look for ways of reducing your running costs – such as shopping around for cheaper rent and electricity,
  • Join a group like One Agency – so you don’t have to pay commission to head office, and can retain more of your listing and management fees
  • Focus on building a rent roll – so you have an asset and a reliable income whatever the market does
  • Be good to buyers – so when it’s their time to sell you’re the only one they call

The first six months of my agency were challenging. But now, I’m living my best life every day. You could too – if you move past your fears to pursue your dream.

 

Lindy Harris is the driving force behind One Agency Lindy Harris and has been included multiple times in the prestigious REB Top 50 Women in Real Estate ranking. Passionate about her beloved Singleton, she believes her agency isn’t just about business, but also the community she lives and works in.

 

Paul Davies is the founder and CEO of One Agency, which has more than 150 businesses throughout Australasia. During his 50-plus years in the industry, Paul’s biggest single insight is: it’s not what you make, it’s what you keep that counts.

 

If you love what you do but want to make a change – either to keep more of what you earn, shift to a more lifestyle focused operation and reduce running costs; I invite you to contact me at One Agency and discuss confidentially how our model, (less than $1000 + GST per month regardless of your GCI) may be just the answer to breathe new life into your career and future proof yourself.

“It’s not what you make, it’s what you keep that counts.”
‒ Paul Davies, Founder and CEO

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Revised edition: Written by our Founder and CEO Paul Davies with a foreword by leading real estate coach and trainer Tom Panos, ‘How To Profit In Real Estate Business Ownership’ is compulsive reading for established and aspiring agents looking for a way to achieve success and maximise fee retention.

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About Paul Davies

As founder and CEO of the fastest growing real estate network across Australasia, I offer real estate professionals an opportunity to reap the financial rewards of going it alone with the security and clout of an established brand. Talk to me and my team about your options.

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