Episode Details

If you walked out the door for a month, would the business you started survive? Would it still operate? Do you have the right people in the right roles?

Today, Jason Hull and John Ray of DoorGrow discuss the problem of premature expansion in property management. What is the best way to see consistent, comfortable growth?

[03:25] Plateau vs. Premature Expansion: Buy new business, location, or expand to make more money:

[04:33] Debunking New Market Myths: Easier, less work, and shortcut to growth.

[07:20] Duplication: Split energy leads to struggling to successfully do double the work.

[08:43] Clone Your Competitor: Takes 10 people to duplicate tasks and do them better.

[13:00] New Locations: Avoid burnout by building a team and support to be scalable.

[15:21] Processes: If employee leaves, document tasks to prevent disconnect.

[22:55] Expansion: Continue to grow in the same, new, or additional location? .

[24:20] Systems: Plan and set monthly and annual growth targets, goals, and more.

[31:15] Process Documentation: Who does what and how to do what they do.

What is the best strategy to see consistent, comfortable growth?

Entrepreneurs: Build the business you want, not what you can.

Success: Strive for pie in the sky dreams or a pile of manure?

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Jason: How dialed in is your business now that if you walked out the door and left for a month, would it fall apart? Would there be a problem? Would it still operate? Maybe then, if the answer is, "Yeah, it would be totally fine," maybe then it's time to open up a new location because that means you have things really dialed in, you've got the right people.

Welcome, DoorGrow Hackers, to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow Hacker.

DoorGrow Hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it, you think they're crazy for not because you realize that property management is the ultimate high-trust gateway to real estate deals, relationships, and residual income.

At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let's get into the show.

I'm hanging out here with someone else from DoorGrow, Jon Ray.

Jon: Thanks for having me, we're a part of the DoorGrow growth hacker team.

Jason: We were sitting and I'm thinking, "What can we talk about?" The top