Business Planning
Real estate business plans range from very basic to very complex. In this course, we will expose you to three types of business plans. If you're just starting out in the real estate business, it's best to keep it pretty simple. You need to first get your feet wet and learn about the business. Once you get a good feel for the real estate business, are proficient at utilizing the systems, tools, and resources we provide, and have a year or so of experience, you will be in a better position to fine-tune and expand your plan. That does NOT mean, however, that you don't need a plan from day one. You do need direction. If you don't, it's like hopping into your car and not knowing where you want to go.
I often compare building your real estate business to building a home. You start with buying a piece of land. That gives you a spot to build your house on. In real estate, hanging your license at a real estate company gives you a place to build your business. Then, when building a home, you start with a set of construction plans. In real estate, that’s called a business plan. The vast majority of real estate brokers DO NOT HAVE A BUSINESS PLAN. When building a home without a set of plans, a lot can go wrong. In real estate, it’s the same thing. The vast majority of brokers fail. They fail because they don’t have a set of plans or don’t execute a plan they have. It’s like someone put them into a giant pinball machine, pulled back on the spring, and let it go. They’re bouncing all over the place with no real direction. They are destined to fail, and most do. The ones that don’t quit, make a meager living at best.
Course Includes
- 4 Lessons
