When performance is measured, performance improves...
Hey there Green Real Estate Investors ? I hope you had a relaxing weekend!? Today I am going to share with you Why Tracking is Crucial for a Green Real Estate Investing Business Owner.
Here?s the bottom line: Tracking is crucial whether you are a Green Business Owner, a non-green business owner, or any other type of business.
Here are just a few reasons why you need to be tracking everything that comes in and out of your Green Real Estate Investing Business:
- First of all, when performance is measured ? performance improves.? Think about watching your favorite football team play on Sunday Night Football.? Do you think they play differently since they know what the score is?? Do you think they change up their plays if they are down 7 points with 2 minutes to go in the game?? Find a way to ?keep score? in your business and if you are always running your Green Real Estate Investing Business in a ?building mode? type of way, you are going to be successful.? Never get passive and think that you can go into a cruise mode with your biz
- Another great reason to track as a Green Real Estate Investor is you never know when you could get audited.? I know it?s a crazy thing to say but audits obviously can happen to any business owner.? Therefore, it?s crucial that you keep track of all of your rebates, tax credits, grants and all expense paperwork so that you will be completely prepared in case an audit would ever take place.? Even if an audit never happens, it?s great for you to be on track with all of the money that is going in and coming out with your Green Business
- Once you start to really track your expenses (both personally and for business) you will start to notice certain expenses that are not needed.? You may have a subscription for this and you might be paying $50/month for something else that you really never noticed before you started tracking your incoming and outgoing money.? This is a great way to decrease some expenses right away and get your Green Real Estate Investing business on the right track
These are just a few reasons why it?s crucial to track your expenses and income for your Green Real Estate Investing Business.? Just create an excel spreadsheet to start out and list all of your income on one spreadsheet and your expenses on another spreadsheet and keep track of everything month by month.? You will start to notice patterns and will most likely be able to decrease some unneeded expenses instantly.
If you are interested in learning more about how we track our income/expenses in our Green Real Estate Investing Business, email: Ryan@InTheNowInvestments.com and request a 30 minute strategy call regarding tracking and how it really got our Green Real Estate Investing Business on the right ?track?
So what are YOU waiting for?? Take action and join the Green Rehabbing movement ? be prepared to take your business and life to a whole new level!
Leave your comments and questions?.what you are currently working on?? I know you have some good ideas?let?s start putting them into action NOW!!
***As always, feel free to share/retweet and comment on any articles your find somewhat educational and helpful?
PS: In The Now Investments has assisted over 75 investors with their greenhab projects in the past year alone.? If you would like more info on how to ?greenhab? your own projects and save even more $$ on your green rehab, contact Ryan Burk (CEO) at Ryan@InTheNowInvestments.com
Source: http://greenhabbing101.com/why-tracking-is-crucial-for-a-green-real-estate-investing-business-owner/
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