RE #215: Chris Powers on Incentives in Real Estate

On this episode, Chris discusses incentives that drive companies and people, COR - how to incentive your people to make money and watch expenses, and why it all starts with the culture of your company. 

Follow Chris on Twitter: https://www.Twitter.com/FortWorthChris
Follow Chris on LinkedIn: https://www.linkedin.com/in/chrispowersjr/
Learn more about Chris Powers & Fort Capital: https://www.FortCapitalLP.com
Follow Fort Capital on LinkedIn: https://www.linkedin.com/company/fort-capital/

Listen & Subscribe on Spotify: https://open.spotify.com/show/7oIeNSaSJ4zkTQOXiedyOr?si=dEM48cSPQ9OIQ1HiD8sjrg

Listen & Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-fort-with-chris-powers/id1410549811

2:02 - You should strive to be profitable

3:12 - Culture vs. Incentives

Ted Talk about Super Chickens Margaret: https://www.ted.com/talks/margaret_heffernan_forget_the_pecking_order_at_work?language=en

7:00 - Social Capital

7:59 - Incentivizing a team environment

9:24 - Using COR as an incentive

14:41 - There is no perfect incentive

Twitter Questions:

21:50 - How do you incentivize at FC based on Promote?

25:04 - Rolling Bonuses

28:51 - How do you incentivize brokers?

30:21 - How do you incentivize the back office?

32:39 - Incentives are not only about making money