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