RE #106: RE Private Equity - Stay Small or Grow a Platform?

When starting a career in RE Private Equity, should you stay small or grow a platform? On this episode, Chris answers that question as he walks through the process of growing a real estate company from a one-man band to 25+ people. He explains how your role changes as you do more deals, why hiring is inevitable, the challenges of hiring the right people, implementing processes and operations, and more. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: https://www.linkedin.com/company/fort-capital/ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ (01:27) - When You’re in the Early Stages of a Small Business (1-2 People) (04:03) - Finding and Setting Up Your HQ (04:41) - Determining the Future of Your Company (05:13) - Option 1: Doing 1-2 Deals Per Year Accounting Software - Quickbooks (13:04) - What happens after closing your first deal and you’re looking for your next deal? (14:52) - How will your role change as your company grows? (15:39) - “Doubling” Your Business After Year 1 (17:20) - Hiring a Commercial Loan Assistant (19:11) - Challenges in Hiring Someone (22:08) - Hiring Asset Managers in Year 3 (24:01) - Creating Processes (25:58) - Increasing Your Prices and Preserving Fee Streams (29:09) - Making the Leap from 5-6 People to 25 people (37:31) - Wrap Up The FORT with Chris Powers is produced by Straight Up Podcasts

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Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing directly from the men and women in the arena. Chris is able to uniquely uncover things not commonly discussed because he is an entrepreneur himself. We not only cover business, but we also cover the personal side of entrepreneurship. The Fort began in 2018 as a way for Chris to publicly explore the fascinating world of entrepreneurship. Since he was a child, he’s been characterized as obsessively curious about the world around him.  The Fort has now been downloaded over 2M times, across more than 50,000 unique listeners. Each week features conversations with entrepreneurs, Founders, CEOs, and Executives from some of the leading companies in America. Past guests have represented companies such as JLL, Hillwood, S2 Capital, Chick Fil A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort Capital, Matthews REIS, Bonobos, and ConvertKit. 🐦 Follow Chris on Twitter: www.twitter.com/FortWorthChris 💡 Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 📹 Subscribe to The FORT on YouTube: https://www.youtube.com/@FORTpod