Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Do I Need a Business Plan to be Successful in Real Estate?

Do I Need a Business Plan to be Successful in Real Estate?

Many new real estate professionals struggle with the independence of their new career. For many, it's the first time they've been in charge, and held sole responsibility for their success. Learn the value of a business plan in minimizing that struggle, and keeping you on task as you start and grow your real estate business.

 

RECAP:

  • You NEED a business plan, whether you're planning to work full or part time.
  • Set goals and create action steps for achieving them.
  • Your success relies on your ability to make a plan, and stick to it.
  • There are many free online resources to help you develop a plan.

Like a boat needs a lake. Whether you're planning to work full or part-time, you need to develop a realistic plan for your business and stick with it. Set goals and create action steps that outline specifically how you will achieve those goals. Many new agents have never really worked for themselves before. They aren't used to holding themselves accountable for their work. You are your own boss now.

But that doesn't mean you have less responsibility. In fact, you have more. Your success will depend solely on your ability to make a plan and stick to it. There are a ton of free resources on the Internet to help you write your business plan. Perform a simple web search and you'll find videos and articles galore. Select the one that best appeals to you and make it a priority. You'll be amazed at the difference it makes to plan for your success.