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RE #106: RE Private Equity - Stay Small or Grow a Platform?

RE #106: RE Private Equity - Stay Small or Grow a Platform?

FromThe Fort - An Entrepreneurship Podcast


RE #106: RE Private Equity - Stay Small or Grow a Platform?

FromThe Fort - An Entrepreneurship Podcast

ratings:
Length:
42 minutes
Released:
Jan 25, 2021
Format:
Podcast episode

Description

When starting a career in RE Private Equity, should you stay small or grow a platform? On this episode, Chris answers that question as he walks through the process of growing a real estate company from a one-man band to 25+ people. He explains how your role changes as you do more deals, why hiring is inevitable, the challenges of hiring the right people, implementing processes and operations, and more. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: https://www.linkedin.com/company/fort-capital/ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ (01:27) - When You’re in the Early Stages of a Small Business (1-2 People) (04:03) - Finding and Setting Up Your HQ (04:41) - Determining the Future of Your Company (05:13) - Option 1: Doing 1-2 Deals Per Year Accounting Software - Quickbooks (13:04) - What happens after closing your first deal and you’re looking for your next deal? (14:52) - How will your role change as your company grows? (15:39) - “Doubling” Your Business After Year 1 (17:20) - Hiring a Commercial Loan Assistant (19:11) - Challenges in Hiring Someone (22:08) - Hiring Asset Managers in Year 3 (24:01) - Creating Processes (25:58) - Increasing Your Prices and Preserving Fee Streams (29:09) - Making the Leap from 5-6 People to 25 people (37:31) - Wrap Up The FORT with Chris Powers is produced by Straight Up Podcasts
Released:
Jan 25, 2021
Format:
Podcast episode

Titles in the series (100)

The FORT host, Chris Powers, talks with leaders of businesses across real estate and a variety of industries. As the Founder of Fort Capital, Chris brings a unique perspective and style that allows for a meaningful conversation that dives deep into ideas and topics not regularly discussed. Chris covers each guests story and explores in detail the critical moments that led to success, failure, growth, and confidence. Chris also strives to ask questions that provide practical wisdom that all listeners can learn from – not just in business, but in our personal lives. Thank you for listening!!