Working smarter might mean making some changes.

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers

Working smarter might mean making some changes.As I am desperately trying to complete my 2010 Income Tax returns, I can’t help but notice how expensive it is to run a real estate business.

It turns out that I spent nearly a half of all my income on the little things. I do not pay rent nor do I have any employees. But the cost of doing business keeps going up as commissions commensurately go down.

You don’t have to be a rocket scientist to conclude that this trend cannot continue indefinitely. There is a breaking point, or rather, an “event horizon” from which there is no return.

So I am going to reassess all of my expenses and try to pare down to the bare essentials. I really have to work smarter and make some changes.

Otherwise I will be sucked in the abyss never to be seen or heard from again.

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Ambassador
536,748
Gerry Michaels
GettysburgGerry Social Meida
Glasswork Media Arts

I love your line, "event horizon" maybe you could retool the career, your posts are outstanding on a consistent basis, ever thought of blogging for others for a living....just a thought

August 31, 2011 09:18 AM
Rainmaker
651,597
Cindy Edwards
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677
RE/MAX Checkmate

Please share your information!  I find the same thing going on with me.  I am trying to scale back, but where??

August 31, 2011 09:46 AM
Rainmaker
126,712
Wendy Cutrufelli
Contra Costa Realtor
Alain Pinel Realtors

Avoid the abyss!  It would be horrible to never hear from you again!

August 31, 2011 09:55 AM
Rainmaker
1,655,083
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.
WHISPERING PINES REALTY

I hate waiting to do my taxes this late, but a respected friend told me one time that it isn't the big things that will kill your business it is the little expenses.  I have found that over the years andsseveral different occupations that he was right on the money.

August 31, 2011 10:07 AM
Rainmaker
524,470
Dr. Stacey-Ann Baugh
A doctor who makes house calls.
Century 21 New Millennium

I started doing that earlier this year.  It's amazing how the tiny expenses really add up fast.  Good luck.

September 02, 2011 08:28 AM
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Richard Weisser

Richard Weisser Coweta Newnan Homes for Sale
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Additional Information

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999.

Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area.

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