Business Retreats: Why They’re Majorly Beneficial & 3 Things to Focus on While You’re Away [Video!]

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Hey BP! This week my video is dedicated to that super beneficial activity that some of you may not be utilizing: the business retreat! It’s so important to take some time away from working IN your business and get away to work ON your business. Need more reasons why to take them and ideas of what to do? In this video, I let you know why I utilize retreats and review three essential areas of focus for any successful retreat.

Related: The 6 Things You NEED to Train Your Real Estate Team Successfully

Do you take retreats in your business or want to start taking them? What would be the most important question to ask on your retreat?

Leave some comments and let’s get a convo going!

 

About Author

In 2005, Matt founded The DeRosa Group along with his wife, Elizabeth. At the time, the two person company owned and managed two assets – a single family home and a duplex. Over the last nine years, they have grown the company to a 12 person team owning and managing over five million dollars in residential and commercial assets throughout the central NJ and Philadelphia area. One of DeRosa’s mantras is “to make money while making a difference.”

16 Comments

  1. Donald Capwell

    Great reminder to keep first things first. So many focus on executing that they forget to plan, and reviewing what has worked and what has not helps to form the plan… Otherwise we’ll just keep making the same “mistakes” that will eventually derail our future success. Your example of how your son changed your goals is an excellent one, and there are personal and professional “babies” that enter into our lives all the time.

    Good stuff, and the extended time away with partners and family also helps build stronger teams (relationally).

  2. Vania Castillo

    Hi Matt,

    Great advise!!!!

    I have not thought about the importance of “getting away” for your business. Thank you for bringing up the topic.

    That is something that I’m going to incorporate in my personal life as well as in this new chapter in my life as a businesswoman in 2016.

    Best wishes and success in 2016 and here you have someone constantly cheering for you!!

    Vania

  3. Erik Nowacki

    Hi Matt,

    Thanks for getting my mind moving in the right direction. I do goal setting and a lot of reflection on where I am and where I’m going. The problem has been to get my wife on the same page. Sometimes I feel like I’m pulling her along, instead of both of us pulling in the same direction.

    We’re booked for a cruise to Alaska this summer and we have a couple of days at sea. You inspired me to create a curriculum to get us both on the same page. We’ll be in a place where we have no obligations, interrupting phonecalls or needing to cook. It willbe the perfect setting.

    Thanks again for raising the topic.

    Erik

  4. Matt Faircloth

    Hey Erik,
    it’s so important to have your spouse on the same page in this business. I wrote a few articles about how to do it, so did my wife Liz – you should check them out!
    A few thoughts… Fist and foremost make sure your wife is connected to the WHY you are in business. Beyond making money – what are you going to do with it? What type of lifestyle does real estate investing create for you and your wife and family? Make sure she is enrolled and that you are both excited and fully committed to this business. It is imperative. I know a few people that are investing with out the buy in of their spouse, but they don’t make it very far.
    Once you do that, I love the Alaska cruise idea for a business retreat model (Maybe you can write part of it off, LOL!). You need to do some meetings with her between now and then though. Get her input on the agenda / curriculum to make sure her needs are met too. And if you start having regular business minded meetings with her she will be used to having this in the rotation of “things you two do together”.

    I hope all that helps!!

    Matt

  5. vicki gleitz

    As an autistic activist, I coordinate an autistic retreat once a year in the mountains in Colorado. We relax, have fun, and work on ideas for the Autistic intentional Community we are in the early stages in Pueblo. in between incredible food and a blind-folded golf cart rodeo, we figure out funding, build Autistic culture, share talents, attend workshops, and truly change our lives from dreams to realities. Retreats are the bomb

    • Matt Faircloth

      Hey Vicki,
      They are, in fact, the bomb. What is blind-folded golf cart rodeo?!? I would love to hear more about that LOL. It sounds like your organization is up to really great stuff, congrats!

      Some folks that have relationships with Not for Profits like you do are actually in the real estate investing business to generate a philanthropy for their not for profit. Kind of a “Robin Hood” thing. Is that your path also?

      Matt

  6. Richard G.

    Yes indeed, “nature” is a benefit for all of us to enjoy and reflect on life and our thoughts. We, or at least I, get caught up in the daily and weekly hustle and lose track of time. In my W2 job I get certain days a month and year of vacation but catch myself always working on my vacation. You make some good points about a business retreat and definitely caught my attention for future vacations/retreats to come! Take care Matt —

    • Matt Faircloth

      Hey Richard,

      Good to hear from you. Come to think of it, taking a Retreat makes sense wheither you are a business owner or not! It pays to get out of your normal day to day space and reflect – thinking about the activity you are involved in versus doing them. Even though you are a W2, give it a shot! Get out in the woods with a journal. You never know what will come up!
      Take care,
      Matt

    • Matt Faircloth

      Hey Audrey,

      Glad you enjoyed. 1 to 2 weeks away with no business talk – Sound like a Vacation, LOL! It’s very important to take those too, not for the benefit of the busines but for many other benefits of course! What’s great about being an entrepreneur / real estate investor is that if I setup solid systems and processes I can go on getaways anytime I want and things keep running!

      Matt

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