Are you sick and tired of living commission check to commission check?

Does it feel like you’re always robbing Peter to pay Paul?

What will you do when Peter dies?

Think for a moment now about having a Real Estate Agent business that is permanently profitable.

By permanently profitable, I mean that you have plenty of cash in the bank.

Cash in the bank is the only indicator of business profitability.

If your Real Estate Agent Business doesn’t have cash in the bank, then this is clear evidence that there are some improvements in the way you run your business.

The good news is with the right system in place; you can achieve permanent profitability quickly.

Take a moment now and ask yourself the following question:

How will my life be improved once I have plenty of cash in the bank?

Take out a pen and paper and write down the answers that pop into your head.

Now read each one of these answers.

Now read each one of the answers out loud to yourself.

I want you to reinforce each of these answers in your mind.

The answers you wrote down and just heard come out of your mouth are extremely important.

You just identified what is important to you.

If you want to reinforce these important points further, put these answers in a place that you will see every day.

The reason I want you to do this is that it will focus your attention and energies on what is most important to you.

Then when the next shiny new object or distraction comes calling for your attention, you can pause for a moment and look at your important answers and interrupt the pattern of continually chasing the shiny new object.

Now that you’ve uncovered the why behind why you should improve your business’ profitability, let’s talk about the strategy I recommend to make your Real Estate Agent Business permanently profitable.

Here are the steps to create permanent profitability in your Real Estate Agent Business.

1. Set up a new business savings account at your existing bank.
2. Nickname that savings account the Profit Account.
3. Transfer money to the Profit Account.

There you have the three simple steps to permanent profitability for your Real Estate Agent business.

Now I’ll share with you the details behind each step.

Step 1 – Set up a new business savings account at your existing bank

The key to permanent profitability is to set up a separate bank account.

Don’t underestimate the power of this simple step.

The most successful retirement strategy in history – the 401(k) retirement plan is successful because the money is in a separate account.

Millions of people have amassed fortunes by consistently socking away money away with each paycheck into their 401(k) accounts.

With your new savings account, you will be working with a proven method to establish permanent profitability in your Real Estate Agent Business.

Step 2 – Nickname that savings account the Profit Account

This step is simple.

Go into your bank account settings on the bank website and change the name of the bank account to Profit.

This will be a constant reminder to you that your Real Estate Agent Business needs to be profitable.

If you’re like most Real Estate Agents, profit is probably an afterthought in your business.

You’re so busy taking care of your customers that too often, your needs get neglected.

You need to have a permanently profitable Real Estate Agent Business.

Your future depends on it.

Without a permanently profitable Real Estate Agent Business, you will be limited on how many people you can serve.

Additionally, you will have to endure the pain of money anxiety that is ever-present when your financial house is in chaos.

Today is the day that this all changes.

Today you are going to take care of yourself first.

Imagine the calm that will come into your life when you have a cash cushion to protect you when those rainy days come.

Step 3 – Transfer money to the Profit Account

The first two steps of permanent profitability for your Real Estate Agent Business were the setup steps.

Now we get to the action part of the Permanent Profitability System.

With your next commission check, you will transfer 1% of your commission check to your Profit bank account.

If you have a $5,000 commission check, then you will transfer $50 to your profit account.

Your business will not miss that $50 that you moved to the Profit bank account.

If you can operate your business on $5,0000, then surely you can operate on $4,950.

Then when you get your next commission check, transfer 1% of that commission check to your Profit bank account.

This step of transferring money to your Profit savings account needs to occur with every new commission check for the rest of your Real Estate Agent Business’s life.

By committing to transferring money to your Profit bank account, you have started a powerful new habit that will transform your business.

Here’s what happens when you take this tiny baby step of transferring money to your Profit bank account.

You establish a habit of putting your Profit First in your Real Estate Agent Business.

With this habit, you guarantee that your Real Estate Agent Business is permanently profitable.

By permanently profitable, I mean that you have plenty of cash in the bank.

Cash in the bank is the only indicator of business profitability.

I started the practice of permanent profitability more than nine years ago.

It transformed my business.

In six short weeks, I had collected more than $1,000 in my Profit account.

My money anxiety went from a level 10 down to a level 3 in those six weeks.

I had changed my approach to money.

In addition to securing permanent profitability in my business, I also started following another important money principle.

I changed from a business that was constantly overspending to a business that spent less than it earned.

It was an amazing transformation that has helped me create an Ideal Life for me, my wife, and four children.

Before I end this article, I wanted to ask you if you’re looking to grow your business profits and having more cash in the bank, send me an email at damon@idealmoneylife.com with “PROFIT” in the subject line… tell me a little about your business and what you’d like to work on together, and I’ll get you all the details!