Like many other fields, real estate is a professional that calls for carefully planning and executing various types of projects. Those who have built strong reputations in sales or real estate investment consultation understand this concept well. Those who are just beginning in the business world and want to know how to provide leadership to projects would do well to follow the counsel of Nicholas Kyriacopoulos and make sure these seven traits are present.
Assembling the Right Team
Even when you’re the point person on the project, there must be qualified and competent personnel to help you carry out the tasks associated with the project. You can bet that professionals like Nicholas Kyriacopoulos understand the value of selecting team members who can tackle various tasks and ensure the project comes together.
How do you choose personnel? Evaluate them based on three factors: experience, work ethic, and potential. For example, someone who has worked on similar teams before is great, especially if that person has shown commitment to getting things done on time and has the potential to absorb any new data needed for this project.
Equip Team Members to Succeed
For your part, it’s important to make sure the team members have access to the resources needed to manage their assigned tasks. There will be general information that every team member needs. In other cases, access to data related to specific tasks may be given to one or two members of the team.
Keep in mind that new information is likely to arise as the project progresses. At all times, stress that data is proprietary, especially if it’s directly related to the client. You can bet that among the new construction and renovation projects Nicholas Kyriacopoulos has taken on in the past, he’s learned how to ensure all team members have what they need to get things done.
Achieve a Balance in Making Decisions
Knowing when to delegate and when to make the decision yourself requires thoughtful consideration. There will be times when you should leave a task in the hands of a capable team member and grant wide latitude in how that task is completed. At other times, it may be necessary for you to be more specific as to the methods used to achieve the desired outcome.
This is a skill that many project leaders develop over a period of time. When possible, do provide space for team members to employ their own ability to work independently. At other times, make sure you exercise the right to make the decision. While the balance may sometimes be challenging, professionals like Nicholas Kyriacopoulos have learned this can be one of the most productive ways to pursue a project.
An Open-Door Policy When Team Members Need Help
Even the most capable people will need someone they can go to and discuss strategies and ideas. As the team leader, it’s up to you to fill that role. That’s one reason that Nicholas Kyriacopoulos stresses the importance of open and frank discussion.
Do ensure team members can seek you out and discuss matters outside of team meetings. The trust and good will that comes from this approach will ultimately benefit the project itself.
Status Checks Are a Must
Whether the project is to be completed in a few days or will take months, regular check-ins to see how everything is going is a must. This should be done in a group setting. If doing so in person is not possible, opting for a teleconference or a video conference will do. The point is to gather with the team and allow everyone to share where they’re at currently.
As Nicholas Kyriacopoulos will point out, this does more than identify which action items are complete and which are still outstanding. It’s also a chance for the team to share concerns and ask questions from the group at large. You’d be surprised how many constructive ideas can come from those recurring status meetings.
Have a Backup Plan
Always have a backup plan. As consultants like Nicholas Kyriacopoulos will tell you, things don’t always go exactly according to plan. If the team is prepared with a secondary approach, less time and fewer resources are wasted. The project continues to move forward and everyone’s happy.
Meet the Deadline
A deadline is a commitment to the customer. This cannot be stressed enough to the team in general. Nicholas Kyriacopoulos understands that satisfied customers are one of the most prolific ways to build reputations. Ensure the team stays focused and the projected completion date is met at all costs.
As professionals like Nicholas Kyriacopoulos will tell you, any project worth doing is worth doing well. Make sure you have the pieces in place to successfully complete every project and remain aware of how things are progressing. With proper diligence and a prudent selection of team members, the project will be a success.