Business Plan For The Real Estate Industry

1857 Words Oct 5th, 2015 8 Pages
My business plan is to one own and operate as a broker in the real estate industry along with purchasing tax certificates. This is a goals I have set to be full filled within the next two years. I do understand that in my state I need to become an agent first and follow the guidelines that the state has regulated for the industry. I am including a plan that one day I will place into effect in order to successfully run in the real estate industry. This is my broker’s plan and goals.
The startup costs.
To have a successful business in with the economy flipping around one needs to make sure they are prepared for as many scenarios as one can be. The first thing I would do when building my business plan is to decide how I want my
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This should involve ads in local paper, websites ads, creating an eye catching website, flyers for snail mail, business cards, etc. Grand opening campaigns sometimes works in rural areas. The legal avenues will be expenses, but this is a must have. Finding an attorney that will be able to handle your business affairs and be able to create contracts that will outline what your business expects from your associates, independent contractor and the buying and selling contracts for your clients. You will need to find a tax accountant that is educated with all the current tax laws. You will have to buy equipment for the office and furniture as well as turning on your lights, water, and phones. You will need to include garbage pickup for your trash probably on a weekly basis and hire a janitorial service company to make sure your place is clean from the moment you open your doors. You will need to buy sturdy desk computers and programs that are designed for the real estate business for the office. This will ensure that the associates have what they need to succeed within your business and the industry.
Other costs will be the listing fees to advertise the properties your firm has available for sale. Membership fees for the business, brokers, and etc. Making sure you have a budget for monthly meetings, gifts to clients and affiliates in the industry will benefit the business. This can be expensive or you could get creative and save a lot of dollars in this area.
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