In the world of business, preparation is key to success. As appraisers, we often find ourselves working solo, but that doesn't mean we should neglect the importance of having backup plans in place. The old navy saying, "Two is one, one is none," holds a valuable lesson for all of us. Let's explore how this concept applies to both technology and human resources in your appraisal business.
Imagine waking up one morning, ready to tackle your appraisal reports, only to find that your computer won't start. Panic sets in as you realize all your work is trapped inside that lifeless machine. If you don't have a backup system in place, you have a real problem on your hands.
To avoid such a disaster, it's crucial to have backup plans for your technology. Ensure your work files are backed up securely, and consider having a second computer ready to take over if the primary one fails. This redundancy provides peace of mind, knowing that you can seamlessly continue working even if your primary setup encounters issues.
In addition to technology, human resources are equally vital for your appraisal business. While you may work alone or with minimal assistance, planning for contingencies is essential. Consider this scenario: You've been training a promising trainee for years, and they're on the brink of becoming a certified appraiser. Suddenly, they decide to quit. If you don't have a backup plan for this key role, your business may suffer a significant setback.
Having a contingency plan in place for human resources is about creating flexibility. Whether it's hiring part-time assistants or having a list of qualified replacements, it ensures that your business can adapt to unexpected changes without missing a beat. Taking this concept a step further, consider joining mastermind groups with like-minded appraisers from around the country. These groups provide a platform for collaboration and knowledge sharing. You'll find that many participants aren't from the host city but are willing to travel because they see the value in working on their businesses together.
"Two is one, one is none" emphasizes the importance of redundancy and preparedness in your appraisal business. Don't wait for a crisis to strike; start building backup plans for both your technology and human resources today. By doing so, you'll ensure the continuity and growth of your appraisal business, no matter what challenges come your way. Remember, it's better to have a backup and not need it than to need one and not have it.
Check out The Appraiser Coach Podcast for more info on this topic:
