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Business Basics: Business Planning And More

Published on Nov 19, 2015

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PRESENTATION OUTLINE

BUSINESS BASICS: BUSINESS PLANNING

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Goals

What's your reason for pursuing a career in real estate?

How will you know you've achieved what you set out to do?

How do you define success?

What is/are your goal/s?
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Putting it all together

Elements of a good business plan:

Goal
Numbers
Action plan
Measurements
Accountability

Keys to Success in Real Estate

What does success look like?

Build relationships
Customer service
Problem solving
Know your market
Know your strengths and weaknesses
Get help
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Personal Promotion

How can personal promotion help you achieve your goals?
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Social Media

Why use social media?

Safe sharing
Don't expect immediate results
Nurture your contacts and online relationships

Keeping Your License

How to stay out of real estate jail:

Deposit earnest money promptly
Disclose
Agency
No side deals with clients for pay
Keep confidences
Disclose inducements
Good paperwork

Life as an Independent Contractor

You are your own boss!

Keep good records of expenses
Save for retirement
Don't spend the commission check before you get to closing
Consult a tax accountant if you don't know how to file a schedule C
Get up and go to work
Consider every appointment a job interview
Dress the part
Never stop learning
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Defining Your Plan for Success

Write it down!

Measure your progress
Share your plan with your manager or team leader; get their input
Reassess your progress regularly and adjust the plan, if needed

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