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Damon Woodward Reveals His Strategy for Scaling Real Estate Business Successfully

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Damon Woodward is a high-profile real estate investor and the CEO of Leadway Holdings Ltd. and Blackcard University. Damon’s most recent deal speaks of his success. In October 2020, Damon purchased three apartment buildings with a total of 81 units, closing the greatest real estate deal in the history of Remax in Manitoba.

It took Damon a few years to achieve this great deal and expand his business. Now, he is more than happy to share his strategy for scaling a real estate business successfully.

The first thing that Damon wants to point out is that, “People and systems are what allow you to scale your business.” Damon strongly believes that one has to carefully choose who they surround themselves with, especially when it comes to their employees.

Damon chooses every single person who works with him, as he believes this is crucial for success. Damon makes sure to assess every member of his team carefully to determine their strengths and weaknesses. By doing so, Damon ensures that every team member is in the right position, can complete their tasks without any difficulties, and can build a successful career in Damon’s company.

“At this point, I’m quite aware of what I am good at and what I am not as good at, as well as what I enjoy doing and what I don’t enjoy doing. I have been able to find people I can rely on and trust in so that I don’t have to know everything,” Damon explains.

What is perhaps even more important than investing time and money in one’s team is perhaps investing in oneself. “The major difference between doing one deal and doing 12 deals is the mindset that is required. Mindset is not something that people learn by themselves; it has to be taught to them by hiring people who have already been there. These people can walk us through the process and expand our minds.”

Damon prefers working one-on-one with coaches and he hasn’t shied away from paying for the best. “I have spent over $100,000 on my personal development over the last few years, and every time I put a dollar in, I get to pull several dollars out. Hiring a coach to work with one-on-one is very important if you want to succeed,” Damon explains.

Damon also completed two programs at Blackcard University, the country’s number one real estate training company. Blackcard offers numerous programs to its students, ranging from one-on-one coaching sessions to programs such as ‘MI5’ or ‘Millionaire in 5 Years,’ which guides aspiring entrepreneurs to making a million dollars over five years.

Damon claims that the secret to his success is education and being surrounded by a world-class team he handpicked. He works with numerous coaches and consultants who teach him how to scale his business very quickly. In addition, Damon surrounds himself with the right people who can create adequate business plans and then execute those plans.

For more great tips and advice on real estate, make sure to follow Damon on Instagram (@damonwoodward3). Don’t forget to check out his YouTube channel, where he posts educational and daily-life videos regularly.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Outsourcing Front-End Development Services: Insider’s Guide

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Outsourcing front-end development services has become increasingly popular in recent years as companies look to access specialized skills and expertise, and save on labor costs. According to the Global Outsourcing Survey made by Deloitte, the top reasons for outsourcing front-end development are to access specialized skills (57%), cost savings (50%), and to free up internal resources (49%).

This article will cover some frequently asked questions (FAQs) in a Q&A way to help you make an informed decision when considering outsourcing front-end development services. We’ll address concerns such as how to find the right vendor, how to communicate effectively, and how to manage the project to ensure success. By the end of this article, you’ll have a better understanding of the considerations and best practices for outsourcing front-end development services.

What is front-end development?

Front-end development, or client-side development, refers to designing and implementing a website’s or application’s user interface (UI). It involves creating the layout, visual design, and interactive features that users interact with when they visit a website or use an app.

Front-end developers use a variety of programming languages and technologies to build the UI, including HTML, CSS, and JavaScript. They also need to have a strong understanding of user experience (UX) design principles and be able to create visually appealing and intuitive interfaces that meet the needs of the target audience.

Front-end development plays a crucial role in the user experience of a website or application, and it’s an essential part of any digital product. The work of a front-end developer often intersects with that of a UX designer and a back-end developer.

Why should I consider outsourcing front-end development services?

As mentioned in the intro, there are several reasons why outsourcing front-end development services may be an excellent option for your company. One of the main reasons is cost savings. Outsourcing is often more cost-effective than hiring in-house developers, especially if you only need front-end development services for a specific project. 

Also, a company can benefit from a vendor’s specialized skills and experience and the ability to scale its development resources as needed. This can be especially useful for companies with fluctuating project demands or in need to quickly ramp up or down their development efforts.  

In addition, outsourcing front-end development can allow a company to focus on its core competencies and improve the overall quality of the product, as well as save time by delegating the development work to a vendor. 

How do I find the right front-end development company to work with?

Finding the right front-end development company to work with is crucial for a successful project. Start by defining your project goals, timelines, and budget, and research potential vendors with experience in the technologies and frameworks relevant to your project. 

Review the company’s portfolio and case studies to get a sense of their past work and the types of projects they have experience with. Glassdoor, Trustpilot, LinkedIn, GoodFirms or Clutch are some platforms to do this. Consider the company’s culture and values. You can also request references and speak with past clients to get an idea of the company’s track record and how well they handle challenges like yours. 

What should I consider when choosing a front-end development company?

There are several factors to consider when choosing a front-end development company. Technical skills and experience are crucial, as the company will be responsible for building and implementing the UI of your website or application. Check if the company has experience with the technologies and frameworks you need for your project.

Effective communication and collaboration are also essential. Verify that the vendor has a track record of working well with clients and can effectively communicate and collaborate with your team. Cultural fit is also important, as you will be working closely with the vendor for the duration of the project. It’s a good idea to have a face-to-face or video call meeting to get a sense of the company’s culture and see if it aligns with your own.

Finally, consider the company’s pricing and business model. Make sure the company is transparent about its rates and fees and that they align with your budget. Also, consider whether the company offers flexible pricing options or packages that may be more suitable for your needs.

Once you’ve narrowed down your options, it’s a good idea to request proposals from a few different vendors. This will allow you to compare and contrast their approaches and determine the best fit for your project. 

Bringing it all together

In summary, outsourcing front-end development services can be an easy, cost-effective, and efficient way to access specialized skills and expertise. By carefully considering factors such as technical skills, communication and collaboration abilities, cultural fit, pricing, and business model, you can find the right vendor to meet your needs and achieve success with your project.

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