Luxury Real Estate Agents’ Deadly Business Planning Sin #5
Our video today deals with Sin #5: Failing to Gather Actual Data to Create Your Plan.
You know the saying: “Garbage in; Garbage out.” To create a business plan that will actually propel you to your goals, you need to base it on actual real data.
Spend an hour, (the amount of time required to purchase an airline ticket these days) and go through your last year’s calendar. Day by day, count the calls, appointments, listings taken and listings sold. Do the same thing for buyers. Make every effort to accurately reconstruct the year.
My Luxury real estate business plan template at www.LuxuryBusinessPlan.com has easy to fill-in data entry boxes to prompt you for the right information to create an effective business plan. If you have not already done so, download it now.
Once you have the data, the ratios needed to reach your goals will auto calculate. Also, after spending an hour or so digging up your data, you will see the need for and devise a system of keeping numbers from this year, close at hand.
Here is a great beginning of the year giving idea, pass this email and link on to all of your real estate friends. It will be great information.
Good luck with your stretch goal!
