#32 - Alan Borovich

Summary
Alan Borovich, owner of Liberty Bell Management, shares his journey as an entrepreneur and the growth of his real estate business. He emphasizes the importance of building a strong team and hiring the right people. He discusses the challenges of starting out on his own, handling all aspects of the business, and gradually transitioning to hiring staff. He highlights the significance of having a clear vision and roadmap for the company and the importance of personal development for both himself and his team. He also talks about the value of one-on-one meetings with staff and providing opportunities for growth and education. Alan discusses the importance of open communication and feedback within a company. He shares his practice of delivering a quarterly plan to the entire organization, outlining goals and improvements. Alan emphasizes the need for effective use of technology in business operations and mentions the property management software Propertyware and the customizable CRM platform Podio. He also talks about the importance of mentorship and coaching in his personal and professional growth. Alan highlights the significance of having a clear vision and long-term perspective to overcome challenges and stay focused on the journey.

Keywords
entrepreneurship, real estate, team building, hiring, vision, personal development, one-on-one meetings, growth, open communication, feedback, quarterly plan, goals, improvements, technology, property management software, CRM, mentorship, coaching, vision, long-term perspective

Takeaways
Building a successful business requires hiring the right people and building a strong team.
Having a clear vision and roadmap for the company is crucial for success.
Personal development and continuous learning are important for both the entrepreneur and the team.
One-on-one meetings with staff can help solve issues, provide guidance, and foster growth.
Investing in education and providing opportunities for growth can help develop a talented and motivated team. Open communication and feedback are essential for effective leadership and decision-making.
Delivering a quarterly plan to the entire organization helps align goals and improve performance.
Utilizing technology, such as property management software and CRM platforms, can streamline operations and enhance productivity.
Mentorship and coaching play a crucial role in personal and professional growth.
Having a clear vision and long-term perspective helps overcome challenges and stay focused on the journey.

Sound Bites
“You can be a little vulnerable and say, guys, you know what, I’m not – We have a problem here. How do we fix this?”
“Why become an entrepreneur? Why start your own business? Like, where did that come from in your early days?”
“I always had this kind of inkling of, I want to be successful. I want to make a lot of money.”
“I don’t care about titles. I don’t care about hierarchy. We have flow of information time.”
“Having that open line of communication is very, very key.”
“I started doing the yearly vision prior for the last five years, but I really went into this quarterly plan.”

Chapters
00:00
Building a Strong Team: The Key to Success
09:21
Starting Out on Your Own: Challenges and Growth
14:43
Hiring the Right People: Building a Talented Team
21:43
Investing in Personal Development and Growth
22:12
One-on-One Meetings: Solving Issues and Fostering Growth
22:41
Open Communication and Feedback
23:59
Delivering a Quarterly Plan
29:40
Harnessing Technology for Streamlined Operations
34:21
The Impact of Mentorship and Coaching
39:32
Maintaining a Clear Vision and Long-Term Perspective