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SWOT Analysis Toolbox () Next, translate your mission and vision into tangible goals. Which channels will you use to place your marketing message? If your mission statement is to make every client feel like your most important client: how specifically will you implement this? Is this growth measured by gross revenue, profit, personnel, or physical office space? What specific targets will you strive to hit annually in the next few years? How does your price distinguish you from your competitors—is it industry average, upper quartile, or lower quartile? Ensuring the cooperation of all colleagues, supervisors, and supervisees involved in your plan is another important element to consider. Are they on-board with the role you have assigned them? Implementation and follow-up are frequently overlooked aspects to the business plan, yet enormously vital to the success of the plan.
Though creating such a statement may seem like fluff, it is an important exercise. A Beginner's Guide to Planning a 21st Century Business (e Book) Complete Book of Business Plans (Kindle, e Book) How to Write a Business Plan (e Book) The Easy Step by Step Guide to Writing a Business Plan and Making it Work (Kindle, e Book) Business Planning: 25 Keys to a Sound Business Plan (Audiobook) Your First Business Plan, 5 Edition (e Book) Anatomy of a Business Plan (e Book) Writing a Business Plan and Making it Work (Audiobook) The Social Network Business Plan (Kindle, e Book) The resources below are available for loan through Member Support.
The mission and vision statement sets the foundation upon which to launch your business. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10.
Here are two examples of real estate business plans created by Cayenne Consulting: This plan is an example of what we can create when visual impact is a top priority.
Writing a business plan may seem a daunting task as there are so many moving parts and concepts to address.
The plan should be flexible enough to allow your business to pivot with internal and external forces.
Note: The length of business plans vary, but they generally outline between one and five years.
How do you measure success—is it by revenue, profit, or number of transactions?
And last, how do you plan to implement your business plan’s goals? The Easy Step by Step Guide to Writing a Business Plan and Making it Work.
For most new agents, three years is a reasonable time frame for achieving a degree of financial success and establishing a viable career in the industry.
Your executive summary is an anchor point you can use to understand the overall goals, cement the parameters of your target market, and make decisions that are aligned with your plan.