Unless you’re a perfectly preserved mid-century rancher, there’s always room for renovations.
When it comes to your real estate business plan, it’s understandable that you may require some tweaks throughout the years to ensure that your plan is as thorough, sturdy, and opportunity-optimized as it can be. And if you’re brand new to the real estate biz, a business plan should be among the first documents you construct.
In the wake of the COVID-19 pandemic, the real estate industry has experienced countless surprises. So much of what we had planned needed to be altered or abandoned entirely. Crisis does this; it throws unexpected factors into the mix and demands our ingenuity and resilience to remain afloat. It’s tempting to want to throw all the plans out the window entirely after a year like 2020, but unfortunately the world of business isn’t black and white.
Back in the 1950’s, Dwight Eisenhower1 said, “Peace time plans are of no particular value, but peace time planning is indispensable”. What did he mean?
Though we may be required to alter or even trash our plans in the face of an unprecedented crisis like COVID-19, the act of planning forces us to look ahead, anticipate challenges, understand our weak spots, and create contingencies that will be helpful no matter what challenge is thrown our way. Even better, having a business plan in place makes it easier for you to approach new partners and investors who can take your projects to the next level.
So today, we’re taking a fresh look at your real estate business plan, and providing you with an actionable framework within which to create your peace time plans. Are you ready to roll out the blueprints? Let’s get started.
To learn more about how we can help you draft or remodel your real estate business plan, download your copy of, Remodelling your real estate business plan: A guide for entrepreneurs, or reach out to our team today.