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Business Planning for Brokers
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Allen Wright
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Allen Wright | |
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As a broker or broker-owner the success or failure of your business is dependent on 3 simple things: you, your agents, and how well you run the business as a whole. Many brokers excel at motivating or recruiting agents, only to falter at training and providing guidance. Others may supply a helpful training or mentoring program, but stop tracking the agents' progress shortly thereafter and have no way of knowing what their profit margin really looks like. How can you, as a broker interested in growing your business, succeed in creating a system by which you can establish benchmarks and track your business' progress? The answer is equally as simple: follow a business plan - for your business.
Allen Wright, founder of CreateAPlan, joins us in this call to discuss the key elements a broker should consider long before ever putting a sign on the door or interviewing agents. He'll explain:
- The four key points you must consider when developing your office business plan
- How to identify and categorize the various office expenses you will incur
- The new commission structure that's rapidly gaining popularity
- How to analyze numbers for profitability indicators
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Business Management
Broker Management
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The Ultimate Personalized RE Business Plan, Part II
Allen Wright believes that without a clear direction and the necessary tools, business planning can be a nightmare. That’s why he spent nearly a decade perfecting the most comprehensive online business planning tool available.
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