{"id":4727,"date":"2010-04-21T17:12:27","date_gmt":"2010-04-21T22:12:27","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=4727"},"modified":"2024-12-30T14:34:55","modified_gmt":"2024-12-30T19:34:55","slug":"its-q2-do-you-know-where-your-business-plan-is","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/its-q2-do-you-know-where-your-business-plan-is\/","title":{"rendered":"It&#8217;s Q2 &#8230; Do You Know Where Your Business Plan Is?"},"content":{"rendered":"<p style=\"text-align: justify\">Real estate business planning is often considered a necessary evil among agents.\u00a0\u00a0 Why? \u00a0Any of these responses could suffice:<\/p>\n<ul style=\"text-align: justify\">\n<li>We\u2019re \u201cindependent contractors,\u201d after all.<\/li>\n<li>Many enter real estate as a second career\/second income, sometimes part time after children go off to school.<\/li>\n<li>For some, a career in real estate is the result of downsizing or even retirement from the corporate world where time constraints, deadlines, planning and accountability are the daily norm.<\/li>\n<li>The potential for high earnings with little or no accountability is enticing, and often sold as part of a company\u2019s value package.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">I say with confidence, a large majority of agents would not know the value of their desk space to their broker, much less if it is in alignment with their desired earnings. So basically, the business planning process becomes a goal setting activity that, once discussed, is filed under \u201cB\u201d where it collects dust until the following November or December when the process begins again.<\/p>\n<p style=\"text-align: justify\">There is an old proverb: \u201cFailing to plan is planning to fail.\u201d\u00a0 I believe goal setting without a strategic plan of action, careful execution, and consistent tracking and review is failing to plan. While that might sound overwhelming, it really isn\u2019t when you put systems in place.<\/p>\n<p style=\"text-align: justify\">You would not consider going on a trip without a destination in mind or careful planning, nor should you consider undertaking your real estate career without clear written goals and a plan for accomplishment. Whether real estate is your sole source of income or supplemental discretionary income, goals are the necessary beginning to a successful career, but they are just the beginning.<\/p>\n<p style=\"text-align: justify\">Take a moment to locate your 2010 plan.\u00a0 Go ahead \u2026 I\u2019ll wait.\u00a0 Okay, now take a look at it.\u00a0 Does it include more than\u00a0financial goal and a few action steps?\u00a0 If not,\u00a0consider these five components and their value to your business plan:<\/p>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-4747\" title=\"It's Q2 ... Do You Know Where Your Business Plan Is?\" src=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/04\/2NDQTBlogPic.jpg\" alt=\"It's Q2 ... Do You Know Where Your Business Plan Is?\" width=\"435\" height=\"298\" srcset=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/04\/2NDQTBlogPic.jpg 435w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/04\/2NDQTBlogPic-300x206.jpg 300w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/04\/2NDQTBlogPic-100x69.jpg 100w\" sizes=\"(max-width: 435px) 100vw, 435px\" \/><\/p>\n<p style=\"text-align: justify\">A plan without strategies and\u00a0implementation is nothing more than an exercise in goal setting.\u00a0 Add these components to your plan to give it focus and direction then follow the plan for\u00a0results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate business planning is often considered a necessary evil among agents.   Why?  Any of these responses could suffice&#8230;<\/p>\n","protected":false},"author":141,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[6281,8821,11361,11691,13781,18261,20831,33391,38321,41481,45031],"class_list":["post-4727","post","type-post","status-publish","format-standard","hentry","category-brokerage-operations","tag-business-planning","tag-commitment","tag-desktops","tag-discretionary-income","tag-execution","tag-high-earnings-with-no-accountability","tag-independent-contractor","tag-proverb","tag-second-career","tag-strategies","tag-value-package"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>It&#039;s Q2 ... 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