Five Tips on How to Become a Successful Team Leader
On Episode 291 of The No Limits Selling Podcast, we have Mike Chou, Founder, and Principal of The Chou Team, a partial Owner of Keller Williams Executive in South Pasadena, California. He launched his real estate career in December 2008 during one of the biggest recessions in U.S. history. In an industry where there is an 80% failure rate, Mike made a commitment to become the #1 agent in the nation to help others meet their real estate goals. Proudly closing 35 transactions and over $10+ million in sales in his first year, Mike has since become one of Southern California’s most successful real estate agents. Trusted by peers, associates, and clients alike, he is now ranked in the “Top 100 Agents in the Nation.” He has 16 team members.
[EDITOR’S NOTE: This podcast is sponsored by No Limits Selling. It is a fun, fast-paced podcast that delivers hard-fought business advice that you can implement today to improve your sales and performance]
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In this episode of The No Limits Selling Podcast, host Umar Hameed welcomes Mike Chou, a successful realtor, to discuss his journey in the real estate industry. Mike shares his experiences, challenges, and lessons learned as he built a thriving team of agents. The conversation also touches upon the importance of vision, leadership, and continuous improvement in achieving success.
Introduction and Removing the Negative Voice
Umar Hameed introduces the podcast and offers a solution to transforming the negative voice within us. He invites listeners to click on a link in the show notes for more information.
Welcoming Mike Chou to the Podcast
Umar welcomes Mike Chou as the guest for the episode. Mike expresses his excitement to be on the show and praises previous podcast guests.
Learning from BNI and Focusing on Specific Promotion
Mike shares his experience with BNI (Business Network International) and highlights the importance of focused promotion rather than trying to promote everything. Umar mentions having interviewed the founder of BNI in a previous episode.
Mike's Journey as a Realtor and Challenges
Mike discusses his start in the real estate industry during the economic downturn in 2008. He explains the initial difficulties he faced and the naivety that helped him push through. Mike also mentions his experience working alone and the role of his broker during that time.
What challenges did Mike Chou face in his real estate journey?
- Mike Chou started his real estate career during the economic downturn in 2008.
- He faced uncertainty and had to overcome the challenges of a crashing market.
- Despite initial difficulties, Mike persevered and found success in the industry.
How did Mike Chou build a successful team as a real estate leader?
- Mike emphasizes the importance of listening skills as a key attribute for leaders.
- He believes that leaders should actively listen to their team members' needs and concerns.
- Creating a positive team culture is another crucial factor in building a successful team.
- Mike incorporates philanthropy into his team's values, fostering a sense of purpose and giving back.
What lessons can be learned from Mike Chou's leadership journey?
- Mike emphasizes the value of continuous improvement and learning from both successes and failures.
- He encourages leaders to be open to coaching and constantly strive for personal and professional growth.
- Building trust among team members and fostering strong relationships is vital for effective leadership.
- Having a clear vision and purpose for the team creates a sense of direction and motivation.
How does Mike Chou's experience highlight the importance of community and collaboration?
- Mike shares the significance of surrounding oneself with like-minded individuals and building a supportive community.
- He encourages creating communities of professionals who can learn and grow together.
- Collaboration and camaraderie among team members contribute to a positive and successful work environment.
How did Mike Chou's experiences shape his leadership philosophy?
- Mike's journey taught him the value of simplicity and focusing on core values and goals.
- He emphasizes the importance of trust in the leader's vision, oneself, each other, and the processes developed.
- Mike believes in continually striving for improvement and avoiding complacency.
How did Mike Chou incorporate philanthropy into his real estate business?
- For each transaction, Mike's team donates to a charity chosen by the client.
- This practice not only contributes to worthy causes but also resonates with clients on a personal level.
How did Mike Chou navigate challenges and maintain a positive mindset?
- Mike shares the importance of mindset during challenging times.
- He advises seeking lessons and growth opportunities from difficult situations.
- Having a positive mindset and being willing to adapt and learn are crucial for overcoming obstacles.
Don’t miss this opportunity to transform your real estate career with one-on-one coaching. As an experienced real estate coach, I, Umar Hameed, am dedicated to helping you unlock your full potential and achieve your real estate goals. To learn more about who am I and my clients ↓
If you’re ready to take the next step, book an appointment with me today and begin your journey toward success in the real estate industry.