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Free Residential Letting Agent Business Plan
If you are setting up a Residential Letting Agent business then it is sensible for you to write down a Residential Letting Agent business plan. If you want finance for your company this will help you with it and even if you are fortunate to have enough funds to start-up your own business then a business plan will benefit you in your business strategy. This will improve the likelihood of your business being a hit, which cannot be a bad thing.
Your plan should include the following...
Residential Letting Agent Executive Summary
Your Residential Letting Agent executive summary ought to be written at the end (although should be found at the top of your plan) as soon as you have done all the ground work in preparation of your business plan - it is after all meant to be a summation of your business. This is the page that ought to grab the attention of the reader and make them grasp what your Residential Letting Agent business is about. Commonly it ought to provide the person who reads it three years highlights of your business or longer if you possess a more long term business plan - i.e. when the backer(s) are expected to start seeing some proceeds on their investment. The Residential Letting Agent executive summary should point out the key protagonists who are going to assist run the business and generate the takings for the investors and if any additional management will be needed in the process. Click here for more free advice on how to write your executive summary.
Residential Letting Agent Objectives
As the executive summary commonly includes the breakdown of the first three years - your objectives must also be set out for your first three years of operation - this may be a small number or might be a good deal more complete - it's entirely up to you, but having unrealistic goals to realize for your Residential Letting Agent business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your high objectives.Read more about business objectives.
Residential Letting Agent Mission
Various people see objectives and mission as the same thing but they are not - objectives are there for you to meet your mission. The final mission of any business ought to be to sell it! If you can build your Residential Letting Agent business up to sell it at the same time as retaining some shares then you will have achieved success. To achieve your ultimate mission you will most likely require several smaller missions - these may well be to attain a certain turnover, to reach a certain amount of customers, to wholesale a certain amount of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You need to tell people how and why your Residential Letting Agent business is going to be a success - if you cannot think of something to record here then you are relying on a lot of luck. Even if your response is just that you are going to work harder than the next guy - then at least that is something...but you will need to back it up with some proof especially if you are looking for funding in your Residential Letting Agent business.
Company Summary
Here you ought to compose a basic arrangement of your business over the next 3 years unless you have a long term plan.
Company Ownership
Simply write who is going to own the Residential Letting Agent business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's relatively normal for someone to be the owner of part of a company but have no voice in how that business is run. You must disclose if the business is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Residential Letting Agent business going to be trading from and why are you going to be trading from this place - you may perhaps not be able to give a pinpoint address at this primitive stage but you have to narrow it down as much as you can, as clearly this will have a significant effect on your business. It is by and large easy to get premises for any Residential Letting Agent business markedly in this climate with so many businesses folding, but getting the right business premises for the right money is a different prospect entirely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Residential Letting Agent Business.
Before you can plug any services or products you ought to write down accurately all of the things you are going to require and if you are going to need any capital in order to pay for all of these things. You may possibly require to revise your start-up summary depending on your economic situation - so you may perhaps desire specific Residential Letting Agent equipment but not be capable of buying it until you have sold several units of product / service.
Residential Letting Agent Start-Up Costs
This is a straightforward list of things you need to buy and stuff you can bring into the company if you already own them before your Residential Letting Agent business can begin operating. If you don't have adequate cash you should also add in who is going to provide this wealth to get your Residential Letting Agent business going.
Visit this page for more typical start up costs.
Residential Letting Agent Investment
If you do not have enough money you ought to include the whole investment you are going to require and in addition involve the breakdown of the parties that are going to bankroll the investment. Add in the equity being given away to fund this or loan agreements in order to finance the agreement. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Residential Letting Agent Business.
Residential Letting Agent Business Plan Page 2
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