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Everyone\u2019s heard of the concept of creating salable brokerages, but what about salable teams? How can we cultivate leaders that are capable of guiding the team to success even if we aren\u2019t there? How do we keep talent turnover low? In this episode, Wes Madden shares how he built a salable team and what he learned throughout the process.

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Be somebody that makes people feel like somebody. -Wes Madden

Takeaways + Tactics

• Focusing on our team\u2019s growth is a way for us to build towards stepping out of production. Our job is not personal development, but the team\u2019s development.

• If we want to sell our business, we need to determine our profitability. The first step is to make a formal evaluation. This can shed some light on who\u2019s making the most profit in the company.

• Our companies shouldn\u2019t be built only on people. We also need systems and a database to keep everything together even if some of the key agents decide to leave.

In the beginning of the episode, we talked about stepping out of production, creating a team that can be sold, and knowing your profit margin.

We also covered:

• How to make agents feel like they\u2019re part of the company, not just working for the company

• What the most important assets of a business are

It\u2019s not just brokerages that can be sold\u2014 teams can be too, if they have systems, a database, and loyal agents. We start building a salable team when we make our agents feel like they work for themselves and for their growth, rather than the company\u2019s growth. When we find people who share our vision, it\u2019s our job to share our knowledge and develop leaders instead of fearing that they might leave after we coach them. As long as we build a pleasant work environment and give people enough financial incentive, our rockstar agents will stay with us.