One of the biggest challenges to our profession is that we do not associate with other appraisers on a regular basis. Appraising is mostly a solo career with only occasional interaction with our peers. We exit our cave long enough to travel to and from our appraisal inspections, but then head right back in for write-up hibernation. Though some of us communicate with other appraisers via social media or the occasional appraisal conference, regular exchanges with others in our profession is not the norm. Consequently, we do not often hear important industry news or changes until it is too late, go for years doing things incorrectly or inefficiently because we just do not know a better way, become stagnant in our progress, or do not grow our businesses through ideas and innovations from other appraisal business owners.
For the past 8 years, I have been heavily involved in Masterminds. A Mastermind is simply a small group of like-minded individuals who meet together frequently for a common goal. These types of groups usually consist of 3-12 people and can either meet online or in person. Though I am a member of online Mastermind groups, I get most benefit from the groups I meet with in person. For example, I gather with a small group of business owners in my local area every two weeks. One member is an insurance agency owner, another runs multiple pizza restaurants, and still another is a financial planner. We use our time together to share goals, motivate one another, and talk through specific problems we may be having in our individual businesses. The biggest benefit from such a group is that you get the perspective of others to help you solve your most pressing problems or help give you vision for how you might grow your business in the future.
I have also been involved with a Mastermind group that meets every 3 months in Southern California. Though this one requires some travel, I find that there is great benefit to spending one day a quarter with a group of forward-thinking entrepreneurs who are interested in helping me to succeed. Just getting away from the office for a few days to travel is also a great opportunity to work ON my business rather than always IN my appraisal business. The investment is minimal for the benefit I have received.
Masterminding with appraisal peers in your local area might have some drawbacks due to the sensitive insider information shared in such meetings. However, being able to be taught marketing ideas, efficiency tips, and business practices from other successful appraisers across the country could be a huge boost to your appraisal quality and business bottom line. That is why I have decided to form a national appraiser Mastermind called the Dream Team.
True to the nature of a successful Mastermind, this group will be small enough that everyone gets an opportunity to share and receive feedback each time we meet. The Mastermind is only open to a handful of entrepreneurial and forward-thinking appraisers who are interested in sharing ideas and gleaning the knowledge of other appraisers across the nation. I will be there also sharing real ideas that will change the way you do business as a real estate appraiser and business owner. Everything discussed in these meetings will be kept confidential so that we can feel free to speak openly and truly dig down into what makes a successful appraisal firm. There are a limited number of chairs and no two appraisers from the same geographical area will be allowed to join. We will be meeting in Salt Lake City, UT every 3 months beginning on March 17, 2014. So far, only those who have been to one of my successful appraiser workshops have been allowed to join. There are only 2 seats left, so if you are interested in being a part of such a group of successful appraisers, CLICK HERE for more information.
Andrew Carnegie, Harvey Firestone, Henry Ford, Thomas Edison, and Napoleon Hill all attributed the bulk of their success to being a part of a Mastermind. Jack Canfield (Chicken Soup for the Soul) has said, “I don’t know anybody who has become supersuccessful who has not employed the principle of Masterminding.” One of the two remaining seats could be yours. Hope to see you in Salt Lake.
Now, go create some value!
Dustin Harris is a multi-business owner, but he has found most of his success as a self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He owns and operates The Appraiser Coach where he personally advises and mentors other appraisers helping them to also run successful appraisal companies and increase their net worth. He and his wife reside in Idaho with their four children.