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Free Estate Agent Business Plan
If you are setting up an Estate Agent business then it is practical for you to put in writing an Estate Agent business plan. If you want money for your company this will help you with it and even if you are fortunate to have sufficient capital to set up your own business then a business plan will help you in your business stratagem. This will boost the chances of your business being a triumph, which cannot be a bad thing.
Your plan should embrace the following...
Estate Agent Executive Summary
Your Estate Agent executive summary should be written at the end (even though it must show at the top of your plan) after you have done all the ground work in preparation of your business plan - it is after all meant to be a summation of your business. This is the page that ought to grab the awareness of the reader and make them grasp what your Estate Agent business is about. By and large it ought to present the person who reads it three years highlights of your business or longer if you produce a more long term business plan - i.e. when the investor(s) are to be expected to start seeing some revenue on their investment. The Estate Agent executive summary ought to state the chief leading roles who are available to help run the business and generate the income for the investors and if any extra management will be required in the procedure. Click here for more free advice on how to write your executive summary.
Estate Agent Objectives
As the executive summary customarily includes the breakdown of the first three years - your objectives must in addition be set out for your first 3 years of operation - this may perhaps be a small number or may perhaps be to a great extent more detailed - it's totally down to you, although having unrealistic goals to realize for your Estate Agent business in an unrealistic timeframe will put likely investors off rather than them being impressed at your arrogant objectives.Read more about business objectives.
Estate Agent Mission
A number of people see objectives and mission as identical things but they are not - objectives are there for you to meet your mission. The final mission of any business ought to be to sell it! If you can build your Estate Agent business up to sell it whilst retaining a quantity of shares then you will have achieved victory. To attain your last mission you will almost certainly require some smaller missions - these may well be to attain a certain amount of earnings, to reach a certain number of clients, to wholesale a certain amount of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You ought to advise people how and why your Estate Agent business is going to be a triumph - if you cannot think of something to put in writing here then you are relying on a lot of luck. Even if your solution is in simple terms that you are going to put more effort in than your competitor - then at least that is something...but you will need to back it up with some confirmation especially if you are looking for investment in your Estate Agent business.
Company Summary
Here you ought to write down a simple construct of your business over the next 3 years unless you have a long term plan.
Company Ownership
Basically write who is going to own the Estate Agent business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's fairly widespread for someone to own part of a company but have no say in how that business is run. You need to say if the company is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Estate Agent business going to be trading from and why are you going to be trading from this place - you might not be able to give a pinpoint address at this early stage but you need to narrow it down as much as you can, as obviously this will have a crucial impact on your company. It is frequently straightforward to get premises for any Estate Agent business specially in this climate with so many businesses folding, but getting the right business premises for the right money is a different prospect completely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Estate Agent Business.
Before you can push any services or products you need to write down exactly all of the equipment you are going to need and if you are going to need any money in order to pay for all of these items. You might require to play down your start-up summary depending on your monetary condition - so you may perhaps have a preference for specific Estate Agent equipment however not be capable of buying it until you have sold several units of service / product.
Estate Agent Start-Up Costs
This is a straightforward inventory of things you need to buy or things you can bring into the company if you previously be the owner of them before your Estate Agent business can begin operating. If you do not have sufficient funds you ought to also include who is going to make available this investment to get your Estate Agent business going.
Visit this page for more typical start up costs.
Estate Agent Investment
If you do not have adequate money you should enter the full amount of investment you are going to need and in addition involve the breakdown of the parties that are going to finance the investment. Incorporate the equity being given away to fund this or loan agreements in order to finance the agreement. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Estate Agent Business.
Estate Agent Business Plan Page 2
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