Cash is King! Why KPIs matter to Real Estate Agents

Cash is King! Why KPIs matter to Real Estate Agents

Every realtor knows that cash is the lifeline of your business. Without it, you can’t pay suppliers, employees, the CRA or yourself. How often have you woken up in the middle of the night worrying about the next pay run, or that large HST payment due to the CRA at the end of the month?

Have you ever wondered how you are doing compared to your competition? We have the tools to help you determine this. We can show you how your key performance indicators measure up against other realtors at your volume.  

Wait, what is a “key performance indicator,” you ask? Key performance indicators (KPIs) help realtors gauge the effectiveness of their business. We use these with you to determine if you are on target with your goals.  

Some of the KPIs we examine are new revenue generation, savings rate, investment returns, profit ratios, and others tailored to your individual business. The examination of KPIs allows us to educate our clients so we can have more meaningful conversations, well beyond “this is your tax bill”. As we examine the KPIs together, we start to develop a clear picture of the strengths of your business and what areas are holding you back. This allows us to help you build wealth by increasing revenue and team efficiencies.  

Knowing that you will have the ability to meet your payroll obligations, including paying suppliers and the CRA on time, while building wealth and enjoying a good night’s sleep is the sign of the right relationship with your business advisor. After all, it’s about you!