All Forum Posts by: Jesus Sanchez
Jesus Sanchez has started 3 posts and replied 6 times.
Post: How are investors good for communities?
- Wholesaler
- New York , NY
- Posts 7
- Votes 2
What types of good deeds are investors doing for communities out there? How are investors helping out?
What types of good deeds can be done that us investors can help facilitate?
Post: Running a 2 person company
- Wholesaler
- New York , NY
- Posts 7
- Votes 2
Originally posted by @Ryan Murdock:
Doesn't The E-Myth Revisited have a segment on defining roles for partners? It was great if I am remembering correctly.
I have yet to read this book but I've finally heard it mentioned enough times now. This is another one I'm adding to the top of my list! I appreciate this, you sparked some curiosity.
Post: Running a 2 person company
- Wholesaler
- New York , NY
- Posts 7
- Votes 2
Originally posted by @Ned Carey:
@Jesus Sanchez I am in charge of posting on bigger Pockets and my partner handles just about everything else. :-)
Seems like your partner got the short end of the stick. Maybe I'll work out something like this with my partner! hahahaha
Post: Running a 2 person company
- Wholesaler
- New York , NY
- Posts 7
- Votes 2
Originally posted by @Dave Van Horn:
This is a great question, and one I don't see enough on the site.
I think the workload should be clearly defined with roles and responsibilities based on their skill-sets. Then, all divided work should be based on market based wages.
You also want job descriptions in case any of the partners' roles are replaced at a later date.
Developing scorecards to monitor accountability (with Key Performance indicators) is another good idea, plus you can tie each other's pay to their performance that way.
I'd suggest reading "Scaling Up" by Verne Harnish and "Traction" by Gino Wickman. They were two books that were pivotal to our partnership and structuring our business.
Best,
Dave
I appreciate the advice, I'll add those books to the top of my list. Seems like my next steps are to clearly define roles and responsibilities and create descriptions. I'm sure things will change along the way but the clearer things are, the more piece of mind we have. I'll read those books you suggested soon! This seems very important for our productivity and growth.
Post: Running a 2 person company
- Wholesaler
- New York , NY
- Posts 7
- Votes 2
Hello community,
I'm curious to know how investors who work with a partner divide their workload. What departments do you have?
I'm sure everyone is different but I'm searching for ideas as I'm working on building and structuring departments in my company.
Post: What routines do you have in place for your business?
- Wholesaler
- New York , NY
- Posts 7
- Votes 2
Hello community,
I'm focusing on creating systems and routines for reviewing or working on things I'll be doing regularly. I'm curious to find out what other investors do regularly, what systems and routines do you implement that you feel are the most important parts of running your business.