Business planning new agents rev 2011
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The document provides guidance on developing a business plan for a real estate business. It discusses formulating the plan with an advisor, crafting the plan for success, and understanding how the plan will directly affect business success. It also covers evaluating why real estate, what the plan will do, developing goals and objectives, marketing strategies, and financial forecasting. Tips are provided on creating a vision, developing an abundance mentality, and conducting a SWOT (strengths, weaknesses, opportunities, threats) analysis.
![Formulating The Plan ,[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Business planning new agents rev 2011
- 1. Business Planning What does this year look like for you?
- 10. Business Plan 3 Goal and Objectives 1 Vision of the future 4 Marketing and Production Strategies 2 Assessment of Current Situation 5 Financial Forecasting and Operations You are here! Business Plan
- 13. Vision, Mission, Action! Steps you Take to implement Vision and Mission A clear picture of your purpose. What you stand for. How you will achieve your destination. A clear picture of your future: Outcomes you expect to achieve. Targets or objectives. Definition of your destination Vision Mission Action
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- As your own boss you must Each of your actions or inactions is your own sole responsibility. So, let’s talk about your responsibilities as the boss of your own business. Each of your actions or inactions is your own sole responsibility. So, let’s talk about your responsibilities as the boss of your own business.
- Creating a vision enables you to have a focus, a destination, and a target.
- Such elements make up your “Value Proposition”; meaning what you bring to the table that will give you a competitive advantage in the marketplace. Simply put, your value proposition is what will attract and keep your clients, and generate a long-term successful business.
- Specific: When you write a goal, you must be as specific as possible, and include a great deal of detail and body. Itemize who will be involved with your goal, how you will accomplish it, and by when. You should also describe why the goal is important to you, because the motivations behind the goal will be just as important as the mechanics. Example: If your vision is to be a successful buyer’s agent, a goal might be stated as, “I will achieve an Accredited Buyers Representative (ABR) designation by December.”
- No one expects you to be able to remember every phone number or address that comes across your desk in the process of transacting business. Instead, use Contact Relationship Management Software (CRM) to store, organize, group, and recall your contact information. Most CRM software consists of four basic features. Address Books: Keep names, addresses