Are you familiar with the Theory of Constraints? This management framework posits that there is always one weak point in any system or machine. And until that specific constraint is fixed, that system cannot achieve significant progress.
In this episode of Mortgage Broker Acceleration, James Veigli and Ash Playsted apply this theory to mortgage brokers. Tune in to learn how to find the point of constraint in your mortgage broking business (it may even be yourself). You’ll also discover practical tips on overcoming common psychological and managerial constraints. That’s how you can unlock your ability to achieve continuous business growth.
The Key Questions
How does the Theory of Constraints apply to mortgage broking businesses? (1:44)
Why do many brokers find it difficult to identify their point of constraint? (3:04)
How many brokers end up becoming their own constraint? (8:40)
How should brokers fix the points of constraint in their mortgage broking businesses? (14:36)
What You’ll Discover
The two weakest links that Ash and James often see (5:22)
Why getting your system process workflow right is crucial (7:23)
The critical difference between being a creator and being a doer (9:59)
Three important areas that you should focus on (11:57)