How to ace a property business plan
INSPIRATION on HOW to WRITE the perfect Property Business Plan
You found the perfect property deal! Congratulations!
But...just before the crack the champers, how do you plan to pay for it?
Ah, simple! You raise the finance.
Everyone knows nothing lays the groundwork for success like a well-written business plan.
How do you create a comprehensive, clearly articulated business plan? One that describes what you plan to do and how you plan to do it.
A business plan is inherently strategic. It is forward looking. It describes your current situation. And it paints picture of how you plan to move towards your end goal. Don’t use long complicated sentences, unless you have to. A good business plan can be your most powerful tool.
HOW DO YOU CREATE A BUSINESS PLAN THAT WILL HAVE THE BANKS OR ANGEL INVESTORS THROWING MONEY AT YOU?
Start off with the EXECUTIVE SUMMARY.
This is a brief overview of your company:
What do you do?
What are you planning to do?
Keep it brief, 4 paragraphs should suffice.
Now move onto your BUSINESS OBJECTIVES.
Use bullet points to list five or six key objectives.
Next up: MISSION STATEMENT.
Create a powerful, emotive statement. Outline common fears and how you plan to address them.
“One of the largest mistakes made by new real estate investors is in poor property selection. Even worse is their tenant selection process, often with little or no background and credit checks. At QT Developments, the owners are extremely devoted to their business and their commitment to the long term can be seen in their extreme dedication to both their properties and their meticulous selection process of finding long term tenants “
Then, GUIDING PRINCIPLES. List at least three principles using these thought triggers:
What drives your company?