Why Too Many Tools
Are Harming Your
Real Estate Business
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I’m sure you’ve started using one app e.g. a task manager and then someone has introduced you to another tool and you use that too, and then there’s a third.
Eventually your time, energy and money is spread across lots of different apps, each with a different purpose.
Although it may not appear to be an issue, look a little deeper and you could be significantly hindering your business potential…
Here are five:
1: Increased Complexity
Each tool comes with it’s own learning curve that you need to climb, to understand how the tool works.
And feature and software updates mean the learning never ends.
Reducing the number of tools you use frees up your time to work on the important tasks such as growing your business.
2: Information Fragmentation
Lots of tools are very good at what they do, but they’re rubbish at the stuff that lies outside their core function.
So you end up using lots of different tools which require similar information.
Keeping on top of everything leads to inefficiency, an increased risk of errors and a high admin workload.
Instead maintain a single source of truth (as much as possible).
3: Increased Cost
Most applications are subscription these days and the more of them you have the greater the cost.
Enough said!
4: Difficulty Tracking
As your business grows collating performance reports will become harder and harder with information spread across multiple tools.
Plus it will take longer, thereby potentially delaying important decisions…
5: Reduced Productivity
Whether it’s onboarding a new team member, switching between tools or cross checking data, maintaining different tools and data is inefficient and reduces productivity.
Consolidating a lot of apps into one reduces the need to switch apps as often, reduces duplication and speeds up performance.
I’m sure you know that I am a big champion of Notion.
One of Notion’s big selling points is it’s ability to replace a lot of fragmented tools into one, central hub where information and work can live.
If you want to know more, book a discovery call. Otherwise see you next week!
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