138: Discover the Power of Systems and Processes

Multifamily Legacy Podcast

There's a lot of important reasons why you should implement a business system. Mapping out effective business systems and processes can create better problem solving strategies and decision making in an organization.

Listen in and discover how Randy Lawrence created the perfect business system and process that provides a strong framework for his company's growth and success.

Topics on Today’s Episode:

• Strategic and System Oriented: Everything should be systematic approach
• Four Legged Stool System

1. Private Equity
2. Well Integrated acquisition team
3. Operation focus
4. Disposition

• Set Your Mindset: Create the process in a mindset of documenting your task for someone to replace you.
• Why is Process Mapping important?
• EOS Process: Mapping and charting what your business looks like and then documentation of business systems and processes.
• The Rule of Clarify and Verify
• How do you go about finding the right person to add to your team?
• How hiring the right and quality people help you save money.

Links and Resources Mentioned:

• Website: www.pcpre.net
• Book Recommendation: The 80/20 Principle
• Podcast: The Real Estate Preacher
• What is Process Mapping?
• What is the EOS Process?
• Kahuna HQ
• Kahuna Investments
• Multifamily Legacy Podcast on YouTube
• Multifamily Legacy Podcast on Facebook

Quotes:

"Everything we do, we want it to be done in a systematic approach"- -Randy Lawrence

"Go gotta get down and get dirty to lay the foundation. The foundation is laid in the mud!" --Randy Lawrence

“Pain and pleasure motivate people” - -Randy Lawrence

“We don't really give a crap on what you try to do, it's what you did”- -Randy Lawrence

“The best people are the best” -Randy Lawrence

“It's not the lack of resources, it's the lack of resourcefulness that is preventing you from getting that person. “- -Randy Lawrence

“You have to flip your mind around and love the process. Love what it does for you to make you better”- Randy Lawrence

Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.