Understanding Business
He talks alot about aspects of business management. He says there's more than numbers to managing a business. There's:
1. numbers/finances
2. operations
3. sales
He infers to me that I really do well with the numbers, but I need to consider the operations and sales aspect of the business. The problem is that he has no experience running a "buy/hold" real estate business, so he doesn't necessarily know what to say when it comes to operations and sales.
Can any of you shed some light on these aspects of the business model? I bought my first rental property and the numbers are working out very well. I want to continue in the business but I need to educate myself on these various aspects. If I don't, I will fail. It's a must.
If you have any wisdom about the various aspects of the business and managing them properly, please advise! I know it's a broad subject.
-Bryan