How Your Business Plan Can Help Keep You MotivatedEarlier this month, we discussed the why of having a business plan. But this is not about the why you need one. This is about why having a plan keeps you motivated. This week is considered the most depressing week of the year for a number of reasons including the credit card bills from the holidays, seasonal depression, loss of focus on resolutions and overall disdain with your position in life.I don’t know if you find this “science” to be … [Read more...]
Master REI Business Planning
January 24, 2012 By Leave a Comment
Master REI Business PlanningDo you have a master plan for your business? Can you articulate what you vision is for this year? The next five years? Tomorrow?If not, it’s time to block off a little time. You may want to block out a whole day, or if you can’t do that – at least an hour a day until you get it done. You need time to get your plan down on paper (or word processor) and really understand where you are going with your real estate investment business.Once you emerge from the cave, … [Read more...]
Business Plan Writing
January 18, 2012 By Leave a Comment
If you’ve even scratched the surface of business plan writing, you’ll notice that there are a few of different structures and purposes for a business plan. You can typically categorize them in three buckets – the master plan and getting the money plan (these are typically required for loan apps) and the plan you present to potential investors.So, how do you choose which structure to use? The simple answer is that you need all three. Start with the master plan and design a getting the money … [Read more...]
Building A Business Plan
January 9, 2012 By Leave a Comment
As we saw in my last article, building a business plan helps you focus, prioritize and measure your business. Consider it your roadmap to success. You start at point A and get to the next point. If you miss a turn, you can always refer back to it and readjust.Today, we’re going to talk about building the one page business plan for real estate investors. Most business plan templates are long – somewhere between 6 and 10 pages or more. And there is a time and a place for that, but the … [Read more...]
Business Planning
January 5, 2012 By Leave a Comment
It’s officially 2012 and it’s time to kick your business planning into high gear if you haven’t done so already. This month, we’ll be exploring the benefits of REI business planning. You’ll learn a lot about how to put your plan on paper and how to use this tool in sales, tracking and growth.Today, I want to give you the why of having a business plan. A business plan helps you build the framework for your real estate business. And that framework is simply Find, Fund, Manage and … [Read more...]
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