03-14-18 1%

This morning as I was doing research for this morning's email I came across an old article in the Harvard Business Review about Sir David Brailsford who after 6-years as the head of British Cycling lead the team to win 7 of 10 gold medals at the 2008 Beijing Olympics with a repeat of that performance again at the 2012 London Olympics.  In the prior 76 years they had only won ONE gold medal total!

Sir David was a cyclist himself but was also armed with an MBA.  He credited his MBA training with the wisdom to know that setting the goal as winning gold at the onset was a likely recipe for failure.  His method was to initiate continuous, incremental improvements across areas that were identified as critical success factors which had a solid base in place upon which to improve...by 1% each

This got me to thinking of the different areas investors can institute this methodology:

More...

  • check
    # of tenant renewals
  • check
    # of ads placed on Craigslist over a period of time
  • check
    # of mailings sent out over time
  • check
    # of inbound calls to mail pieces sent out
  • check
    # of face-to-face appointments from inbound calls
  • check
    # of repeat mailings to identified targets
  • check
    amount of time spent building rapport with sellers
  • check
    time required to flip a property
  • check
    # of follow-up calls to prospects
  • check
    # of marketing channels used to reach the same prospect
  • check
    length of time it takes to return the inbound call of a prospect on first contact
  • check
    # of neighbors talked to around a subject property
  • check
    # of people on your list who you've built a relationship beyond just an email address or phone number

While I was on this little brainstorm I started to think to myself...this is a really basic list...can't you think of anything more complicated?

Ahhh...what a trap...back to the entire purpose here...

Foundation ==> Improvement ==> Improved Foundation ==> Improvement

Let's face it...continuous, incremental improvement isn't sexy but it is powerful. 

When you compound it by doing it simultaneously in multiple areas with the same goal of 1% improvement it goes beyond powerful and starts moving into infinite improvement

What areas can you improve just 1%?  How many can you do at the same time to get that extra leverage across many?

Source:  ​https://hbr.org/2015/10/how-1-performance-improvements-led-to-olympic-gold​​​


With all of this improvement happening you're going to need additional sources of funds...luckily, we have them.  Drop me an email at bryan@fundingresolved.com and tell me how much you need and by when.

Click Here to Leave a Comment Below 0 comments

Leave a Reply:


Fatal error: Uncaught ArgumentCountError: Too few arguments to function Jetpack_Subscriptions::comment_subscribe_init(), 1 passed in /home/beachlif/public_html/fundingresolved.com/wp-includes/class-wp-hook.php on line 288 and exactly 2 expected in /home/beachlif/public_html/fundingresolved.com/wp-content/plugins/jetpack/modules/subscriptions.php:601 Stack trace: #0 /home/beachlif/public_html/fundingresolved.com/wp-includes/class-wp-hook.php(288): Jetpack_Subscriptions->comment_subscribe_init('') #1 /home/beachlif/public_html/fundingresolved.com/wp-includes/plugin.php(206): WP_Hook->apply_filters('', Array) #2 /home/beachlif/public_html/fundingresolved.com/wp-content/themes/focusblog/comments.php(83): apply_filters('comment_form_su...', '') #3 /home/beachlif/public_html/fundingresolved.com/wp-includes/comment-template.php(1510): require('/home/beachlif/...') #4 /home/beachlif/public_html/fundingresolved.com/wp-content/themes/focusblog/single.php(54): comments_template('/comments.php', true) #5 /home/beachlif/public_html/fu in /home/beachlif/public_html/fundingresolved.com/wp-content/plugins/jetpack/modules/subscriptions.php on line 601