As 2024 comes to a close, many be reciting the classic mantra: new year, new you. As popular as that mantra is, a calendar canāt completely reset market fundamentals. What can be reset is your attitude and your business approach. If you navigate the first few weeks of 2025 right, your team will feel like theyāre in a good place and that attitude can carry them through the year.
Here are the steps you should be taking at the start of 2025 to make it your new best year.
Hold off on the layoffs
The holiday season is over, but that doesnāt mean now is the time to be a Scrooge. January is often layoff season, and with good reason, as companies take stock of their accounting and budget for the new year.
However, if youāre a broker or a team leader, remember that cutting your way to growth is a fallacy. Layoffs should never be done lightly, for your workers are your most valuable asset. If your company gets a reputation for untimely layoffs, that can impede future recruitment too.
Take stock of your sphere of influence
The best place to start a business plan is to take inventory. Since sales is nothing without people to sell to, you should reach out to your former and current clients. That lead who told you they didnāt want to sell six months ago? Call them up and see if theyāve changed their mind.
Teams have an advantage here since you also have the opportunity to pool resources and share some contacts; mentioning youāre on the same team as a ledeās old REALTORĀ® is a built-in referral/endorsement. Even if you prefer to keep contacts close to your chest, checking in with your teammates can help you gauge the health of the team as a whole too.
Assess the tools in your teamās arsenal
If you know that you have people to sell to, next take stock of the tools you have to help complete that sale. So, make a list of the major tools that your team uses.Ā
In 2024, where did you get the most listings? How do your results compare with your teammates? Did you all get most of your listings from your MLS? Then you know its a valuable tool you should keep using. Did someone on the team have particular success with cold-calling? Then have them give everyone else on the team tips.
If itās a tool that your team is paying for, then you should be especially conscious of if its giving you results.
Check unsold listings from 2024
Do you have any listings that have been on the market for long ā too long? If so, the next part of taking inventory is to put your analystās cap and figure out why this property is struggling. Again, leaning on your teammates so you can compare notes will be a help here, and an advantage you and your colleagues have over non-team REALTORSĀ®.
