An old coaching axiom has long been: “If you don’t have a written business plan…You are simply planning to fail”.
There are two ways to formulate a viable business plan for real estate…#1 meet with a trusted mentor/coach/manager and use their assistance in constructing a plan and committing the to writing. Use their advice of the things which worked for them, and others, in the past. This method keeps you from re-inventing the wheel.
#2 is a bit more time consuming, but will most likely produce a written business plan tailored to your personality and business goals. There are ten simple steps you need to follow… which I have out-lined on our coaching website…here is a link to 10 Steps to a Better Business Plan
After you have a killer business plan laid out… next you will need to narrow your attention to laser like focus on your target…Growing your business!
Those of you who have taken a class in archery or weapons may have heard the term “aim small - miss small” …this phrase was made infamous by Mel Gibson in The Patriot Movie Quote. This is the type of focus you will need to really learn and follow your business plan and how you can make it best work for you. A lot of failed business owners worked really hard only to lose everything because they failed to focus on working smarter than their competition.
At ICU-Coaching.com you can also find a daily spreadsheet for self-accountability for your daily activities and results Daily Time Log
By tracking your activities and your results you will quickly discover what works for you, and what doesn’t. This will require daily accountability on your part, but once you have completed the exercise for a few days… you will quickly see how it can focus you in on the most important aspects of your business…(the activities which create income and the results they produce).
For more information or assistance on building a business plan or self-accountability contact Eddie at 919-785-4201!
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