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Business planning is the road map that calculates how many transactions you must close, what your total overhead cost per transaction is and how many activities you must complete to meet your income goal.
Most real estate professionals recognize that working in real estate brokerage is a business, not a hobby. But few apply basic business principles to their real estate business. Even Agents and Brokers who value setting goals and defining specific objectives for their business often lack the time and expertise to develop a comprehensive budget and business plan.
real estate business plans outline and evaluate all aspects of your real estate business venture and provides you a specific roadmap and process on how to achieve your goals. A good business plan starts with your "Wish List" i.e. how much you wish to earn and then guides you through the process of examining the key aspects of generating positive income: Revenue, Expenses and Business Development......

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Approximate Word Count: 491
Approximate Pages: 2 (250 words per double-spaced page)

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