The term entreployee is not as common as entrepreneur or employee. However, it is juxtaposed from both the words. An entreployee is an entrepreneur who serves in an existing institution as an employee but without legal ownership of the business. Frequently, we identify entrepreneurs as those who initiate businesses and establish companies. However, an individual does not have to start his own company as the CEO to become an entrepreneur. He just needs to have the right attitude for becoming an entreployee.
A few skills an entreployee must possess are the ability to deal with failure, to brainstorm and sell ideas and to work persistently on these ideas to move to their next adventure. Here are 7 ways to be an entreployee within your real estate company.
1-Take Control
You have to find ways outside your job description to deliver value for your real estate company. For instance, you can discover software and tools to boost company operations. These can be anything from Highrise for CRM to redIQ for underwriting or other management software. You must also be able to assist with the investment committee or create a lender database. This will help you improve the branding process of your real estate company.
2- Become a Risk Taker
Entreployees are known for weighing and assessing risks successfully. They are comfortable with the idea of investing in uncertain enterprises and ideas. Since they are passionate about what they do, they are not afraid to take risks. However, it is best to take calculated risks within your real estate company that yield maximum profits, to become a successful entreployee.
3-Be Creative
Entreployees are also creative thinkers and innovative problem solvers. By applying unconventional approaches to existing challenges, you can generate ideas as solutions to problems.
4-Become More Disciplined
Entreployees are disciplined and possess strong integrity. That makes them disciplined and punctual. An entreployee has to be credible and productive to be trusted by a real estate company. An entreployee must be accountable for all the budgeting and funding needed to take the firm to the next level. If he needs to be valued by his company, he has to earn respect by sheer hard worka and resilience.
5-Never Be Satisfied
When you are growing steadily, it is only natural to feel content. However, being an entreployee means you should not be complacent about your growing salary or your freedom to make choices. As long as you are looking to be innovative and finding ideas to benefit your real estate company, you can be an entreployee. If you are an entreployee, you want more than what you currently have. Nurturing sponsor relationships, refining or dealing sourcing processes and growing the investor-base are all key functions of an entreployee.
6-Become an Expert
Learn everything you can to enhance the reputation and processes of your company. Attend industry events and invest in relevant courses to help you grow both as an individual and a professional. This will help you to better utilize your knowledge to convert potential investors into sponsors.
7-Link Yourself to Your Company’s Success
Several successful real estate companies like Karkanja in Malta are led by a team of entreployees. When you align all your interests with the success of your real estate company by negotiating ownership in the deals, that’s when you become a smart entreployee. There are no short cuts and easy methods that lead to wealth and success in real estate. When you link your own financial success to that of the company, you are able to reach new heights. Being an entreployee depends more on how you plan and think about your journey.