Don't underestimate the importance of a well
thought out real estate Business Plan if you plan to succeed in real estate.
A Business plan is an essential step for any business owner
who is intent on success. Unfortunately, too many entrepreneurs attempt to
succeed at business without one. It may seem a tedious task and unrelated
to the other exciting aspects of owning and running your own real estate business, but as
studies have shown... there may be no more important indicator of your future
success than a well written business plan.
Think of your business plan like a blueprint for success.
Your plan will assist you in defining your objectives in running a successful
business as well as bring out deficiencies you may have not thought of prior to
writing your plan.
Here are some of the topics you may
like to incorporate into your Real Estate Business Plan:
Business Profile - what exactly does your
real estate business accomplish? A Mission Statement - How do you intend
to provide service? Personnel - Who will be involved in
conducting day to day operations? Necessity - Who needs your services & why
will they choose you instead of contacting someone else? Cash flow - What funds do you need now,
where are they, what funds will you need going forward, etc.?
Don't forget to review your real estate business plan often,
and revise it as necessary.
It should be a work in progress.
Choose from the Free
Real Estate Business Plan
tools from the list below.