During a recent trip where I had the privilege of delivering a keynote at a national CRE conference, I took the opportunity to read the best-selling book The 4 Disciplines of Execution by Chris McChensey and Sean Covey. This book was highly recommended to me by Bo Barron. I have found that Bo is pretty spot on with his recommendations.
This book reinforces our coaching approach with our member/clients. I realize reading an entire book is, unfortunately, becoming a lost art, no doubt supported by tweets, texts and, yes, blogs, so I thought I would share with you a quick summary since the approach outlined in The 4 Disciplines of Execution is a straightforward, albeit comprehensive methodology for achieving your goals.
4 Disciplines of Execution
1) Identify a Wildly Important Goal(s)
Although this is a familiar topic to most of our readers, the point here is, essentially, what goals will truly have the greatest impact? In your case, the greatest impact on your personal commercial real estate business.
2) Act on the Lead Measures
The authors do a great job defining “lead measures” vs. “lag measures”. So much so, I will expand on this topic in my next blog later this week. Quickly though, the focus is not on the overall result of the goals you set out to achieve but the activities behind it.
3) Keep a Compelling Score Card
Oh my, how this hits home. Yes, you have to keep score. How do you know if you are winning and progressing towards your goal unless you are keeping score? I can tell you unequivocally, those who keep score more consistently make exponentially more in commissions and fees than those who do not.
4) Create a Cadence of Accountability
This is consistent accountability on your progress toward your goals and the activities supporting these goals. The frequency of accountability should not be more than weekly and it is essential that you have an accountability partner along the way.
As I noted above, although this seems fairly straightforward, in fact, it is very comprehensive and takes a consistent, disciplined approach to implement correctly. In my next blog, I will expand on Discipline #2, “Act on the Lead Measures” and I will outline some key lead measures for you to consider in your commercial real estate practice.
Ready to achieve goals you never thought possible? We would like to talk with you and share how our process will create a platform for consistently higher income, and generating this in less time. To schedule a free consultation, please click here. Our proven process has resulted in our coaching clients consistently out earning their commercial real estate peers by 7X.