Why business plans for real estate are important (pt 2)
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Transcript of Why business plans for real estate are important (pt 2)
Why Business Plans for Real Estate are Important
Chuck Ward
Director of Marketing and Training
Real Access Pro
Previous Discussion
• Tuesday’s Discussion
– What are business plans
• Roadmap that helps any small business to determine where they are at, where they want to go, how to get there, and what obstacles are in the way
– How often should we make one (or change)
• Every Year
• Every new marketing campaign
Reviewing
• How often should we review our business plans – monthly, quarterly and annually
– Change what’s not working
– Add in new ideas
• How often should we look at our business plans – Every single day
– Some of us, more than once a day
What are Business Plans For
• 1. Business Plan as a Means for Financing Business Startups
• 2. Business Plan as Blueprints for Entrepreneurial Success
• 3. Business Plan as a Roadmap for Future Business Activities
• 4. Business Plan as a Set of Business Ideas
• 5. Business Plan as a Means for Describing Business Ideas
• 6. Business Plan as a Financial Guide for the Business
• 7. Business Plan as a Mind Regulator
Steps in a Business Plans
• Goal Setting
– What do you want to do in closings
– How many listings do you want
– What’s the average income in a listing or transactions
– Materialistic
• New cars, private schooling, not living from commission check to commission check
• Insert what your goals are
Determine Financial Goals
Determine Financial Goals
Determine Financial Goals
Next Steps in Business Plan Writing
• Brainstorming
• Writing Down Results
Sections To Think About
Sections To Think About
Sections To Think About
Sections To Think About
Sections To Think About
2014 Introductions (Fundamentals)
• More on Credit Coach and Smart Credit
• More on Marketing
• More on Property Websites
• More on Social Media
• Open Q and A starting in January for 45 minutes every day but Fridays
• More on Getting Business in the Door and Getting Commission Checks in Your Pocket
Getting DeToxed
• Getting of the dependence of paid lead generation providers
• More Listings and Transactions in 2014
• More Money and Commission Checks
• Less Money Doing it
2014 Accountability Group
• Accountability Group ( 10 – 15 members)
• 90 days
• Report Results in a Training in 2Q 2014
• Open By Interview Only
• (Contact Chuck for Details)
Thanks for Attending
• Chuck Ward
• Director of Marketing
– Head Trainer and Coach
• Real Access Pro Family and Sponsors
– RAP Family includes Towne Mortgage Pro (MI/OH) and Atlantic Pacific Pro (NJ/PA/FL)
– Reltco Title (Florida)
888-884-0303 x200 813-447-0510 (best to text) chuck.ward (at) realaccesspro.com