. . . to start planning and working on YOUR 2023 Business Plan.   YOUR very first decision for YOUR business plan for 2023 should be signing up and attending the NINJA Installation in January.  My last Broker Bit provided my thoughts on this investment… It's a NO Brainer!

It has always amazed me that "most" REALTORS® think that they do not need a business plan.  "Most" think, I will just do what I did this year.  This thought process could not be farther from the truth, especially when there are signs of a change in the market. 

So, why do YOU need a business plan?  Let's start with the basics . . . 

What is a business plan? A business plan is a written document outlining what YOU plan to do as a business / business owner and how YOU plan to do it in a specific way. The best part of a business plan is that it provides a guide, and it can be modified at any time.

Here some valid reasons why YOU need a business plan:

• It proves YOU are serious about YOUR business.
• It helps document YOUR revenue model.
• It helps determine YOUR financial needs.
• It helps reduce the risk of pursuing the wrong opportunity.
• It helps YOU to research and really know YOUR market.
• It helps you focus on YOUR efforts.
• It provides a competitive advantage over YOUR competitors.
• It helps YOU make critical decisions.
• It helps YOU avoid big mistakes.
• It helps YOU set better objectives and benchmarks.
• It helps YOU reduce risk.
• It helps with market change conditions.
• It increases YOUR odds of success.
• It helps manage YOUR cash flow.
• It helps position YOUR brand.
• It helps identify & solve issues before they develop.
• It helps identify new opportunities.
• It identifies YOUR business objectives.
• It is a road map to YOUR success.
• It is vital to secure funding if a business loan is needed.
• It is a feasibility test of YOUR business.
• It helps with YOUR budget.
• YOU will be more organized.
• It helps YOU think about YOUR future, strategically.
• It helps formalize YOUR growth strategy.
• It sets goals and forecasts YOUR business's progress.
• It helps to make major purchases.
• It helps YOU keep your finger on the pulse of YOUR business.
• It helps to make planning manageable and effective.
• It helps establish business milestones.
• It helps document YOUR marketing plan.

So, what do YOU do now? First, DO NOT MAKE THIS COMPLICATED or YOU will never use it as it is intended.

Secondly, find a business plan format that is comfortable to/for YOU. The more comfortable the format the more YOU will engage and use it as it is intended to be used, referenced at least bi-monthly so you can adjust as needed.

So, how do YOU find a format that is comfortable to YOU? GOOGLE BUSINESS PLANS! It's just that easy.

I will make it even easier for you! Review the NINJA Business Plan (click here to view: 2022-Ninja-Business-Plan) that will also assist you in your NINJA habits! This business plan is labeled 2022 but it's a Business Plan and Business Plans are meant to be adjusted, even the dates. I am confident that YOU can simply edit the dates as needed. 

YOU do not have to use every portion of this Business Plan or the entirety of any plan that YOU choose. Use the portion that makes sense to YOU and more importantly the one that YOU will use the most. It does NOT matter what Business Plan format you use… Just use one!

It is already August 26^th, and the end of the year is fast approaching. 

NOW IS THE TIME…