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Bill Thompson, REALTOR®

The Monkey’s Dilemma

By: Bill Thompson, REALTOR®
Tuesday, August 28, 2007 9:02 PM

Are you holding on to something that is hurting you?

 

Gather around children and let uncle Billy tell you a story.

 

Long ago in Southeast  Asia natives learned they could catch a monkey with a nut in the bottom of a jar. They tied the jar to a tree so the monkey couldn’t turn it over or run away with it. The jar had a mouth just large enough for the monkey to slide his hand in, but once the monkey closed its fist around even one nut, it couldn’t get its fist out of the jar.

 

Now imagine this: a monkey is sitting there with a fist full of what it thinks is going to be its next meal. But the only way to get its hand out is to let go of those nuts. This is know as “the monkey’s dilemma”. The monkeys would holler and scream about their situation, but few would let loose of what they thought was a sure thing.

 

Do you need to let go?

 

Let me be very clear. I am not equating REALTORS with monkeys, but I do see many get caught in some nutty situations. Just like the monkeys, REALTORS sometimes have to let go of certain things to free themselves up for greater success. Here are three areas I’d like to look at.

 

Bad Listings

 

Bad listings, those you regret having. Week after week you waste time and advertising dollars on these duds. Let go of it and remember this the next time you go after a listing. Do you really want your hand stuck in jar with that listing when you could be doing other things?

 

Bad Clients

 

How do you know when you have a really bad client? When you come home to your significant other and say, “Guess who called today?” and he or she guesses right.

 

You can’t have only wonderful clients, but when a client starts to drain your energy and effectiveness it is time to let go.

 

Bad Staff

 

Nothing will drain your energy faster than a bad staff member. They are double trouble because not only do they under achieve, they divert your attention from your good staff members. Cut that staff member loose.

 

Why is it so hard?

 

Letting go is difficult because it requires change. If you think it might be time to change something or someone, in your office, just ask yourself one little question: Would you enter into that situation again if you had a chance to do it over? If the answer is clearly no, then you have to let go!
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Comments

Joe Leksich
Member Since '06

Joe Leksich said:

Bill,

I just read about the Monkey Dilemma.  Very funny I see it here now.  

I have had a lot of listings I hate but don't want to let go.  You just hate to call these people to tell them that no one is interested in their home or that the showing feedback was not good.  But we still hold on to these dogs.

Got to get the Monkey off my back...

August 28, 2007 8:54 PM
Gary Szolosi
Member Since '03

Gary Szolosi said:

Bill sometimes the obvious is the hardest to see. Letting go of anything is always hard because attachments for any reason vreate a built in resistors to the obvious. It is often obvious to all but the person closest to the problem. Like the monkey, we reach but don't see the obvious. Perhaps the monkey's dilemma will be a life lesson for a lot of us! Great post!

August 28, 2007 10:50 PM
Mipeco Realty, Inc -  Michaela Krestenic, Broker-Owner
Member Since '03

Mipeco Realty, Inc - Michaela Krestenic, Broker-Owner said:

interesting story ... I've been somewhat "forced" to be the monkey in the last few days and honestly, I can't stand it! I am not a "monkey type"! And I tired to let these nuts go, but my fist is in this cramp and it won't loosen up! But I'll keep trying!

August 28, 2007 10:58 PM
Future Home Realty, Inc
Member Since '07

Future Home Realty, Inc said:

I am only letting go after I have put some thorough claw marks in whatever it is I'm letting go of! Now, dammit! Let go of lettin' go!

hahahaha

August 28, 2007 11:06 PM
Rob Moen
Member Since '07

Rob Moen said:

Bill,

There are a couple of "nuts" in my listing inventory that are going to get dropped the first of the month.  I have such a hard time with letting go of those "nuts" when I know that they will turn into a sale in the future.  Thanks for the encouragement!  Great Post!

Rob

August 29, 2007 4:21 AM
Mary Welch
Member Since '04

Mary Welch said:

Good object lesson uncle Billy. Letting go of the proverbial nut in jar is easier when you realize there are other nuts out there. I have come to appreciate the fact that there are nuts I am not suppose to have. Fine, there is a reason for that I don't know. Could be the people are an absolute pain. Who needs that?

Monkeys like bananas too-why hassle with a nut? Fruits are easier to work with.

August 29, 2007 6:39 AM
Bill Thompson, REALTOR®
Member Since '07

Bill Thompson, REALTOR® said:

Great commentary folks!

August 29, 2007 8:10 AM
Karen Weger
Member Since '05

Karen Weger said:

Great Post. Yes, I see all to often. I just had to let go of an overpriced listing. But when I seen it come back in MLS reduced no less by another realtor, it hurts, even though I know I had to let go.

I used to sell magazine advertising to Realtors, I was one but inactive at the time, and they tend to be the worst about making changes or letting go. I know because I also sold advertising to all types of businesses.

Let go of those nuts!

August 29, 2007 8:42 AM
Candice A Donofrio
Member Since '07

Candice A Donofrio said:

AMEN! Drop the zeroes and pick up some heroes (and perhaps add some zeroes to the end result as well). I LOVE to toss what I don't use.

August 29, 2007 11:52 AM
Bill Thompson, REALTOR®
Member Since '07

Bill Thompson, REALTOR® said:

Candice always has a way with words!

August 29, 2007 12:04 PM
Candice A Donofrio
Member Since '07

Candice A Donofrio said:

LOL Bill, I really am fanatical about tossing stuff. Married to a packrat . . . I would not be the monkey grabbing the nut outta the jar. I'm not a monkey anyway, I'm a Rooster! Pick up what I need and leave the rest for the hens. LOL!

August 29, 2007 12:06 PM
Bill Thompson, REALTOR®
Member Since '07

Bill Thompson, REALTOR® said:

Candice, wake me up in the morning, you rooster you ;)

August 29, 2007 1:07 PM
Vance Remele
Member Since '04

Vance Remele said:

Why is it so hard?

Letting go is difficult because it requires change. If you think it might be time to change something or someone, in your office, just ask yourself one little question: Would you enter into that situation again if you had a chance to do it over? If the answer is clearly no, then you have to let go!

=============================================

Its really not that hard, if you shock the Monkey

http://www.youtube.com/watch?v=_oaSZxd9jOY

Great post Bill :)

Vance

August 29, 2007 2:36 PM
Bill Thompson, REALTOR®
Member Since '07

Bill Thompson, REALTOR® said:

Thanks Vance!

August 29, 2007 3:01 PM
Candice A Donofrio
Member Since '07

Candice A Donofrio said:

Rock And Roll Vance!

August 29, 2007 3:25 PM

Guest

Jacquelyn Gyug said:

A huge thank you to everyone who contributed to REliberation in the month of August! There were a lot

September 4, 2007 10:00 AM

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Bill Thompson, REALTOR®
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