Business Plan For The Real Estate Industry - 1857 Words

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†¦show more content†¦The first items include your making your business separate from your personal attachments. This would be filing the business in some form of a corporation. Another important fact would be make sure you get the proper license(s) to operate as a business, locating a place to rent, filing all legal documents with that state regulators, and get insurance for the business, equipment and the building your are renting. More startup costs are the price it will take to advertise the business. Getting your name out to the industry and locally will cost, but in the long run it should pay off. 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