DAY II

 BUSINESS PLAN
I been thinking about my business plan, and I am definitely going for a real estate (RE) agency
I have not thought of the name :-( ooh my! But I decided to do it on a RE primary for my mother,
secondary for me, this will give me a feel on how to write a business plan and guide me as I establish my own connections and earn my (so badly wanted) BA, so when ever I am ready to make my own business, I would have an idea in how to. Who knows maybe the RE will be the umbrella firm. LOL. to my export company. So anyways, what I have learn from the Business Plan: Road Map to Success is one, you definitely need the knowledge on how to write one. Two the easy part is Mission and Vision Statement where it gets tricky for me are the financial projections. Maybe is because I hate the uncertainties??? I think I need to know how to calculate risk. That's what I don't like about business the "Risk Variable" I know it doesn't make sense but that's how it is. I don't know how to make projections on the RE Agency when everything is based on commission, and the ability of the independent contractor RE Associate. Any thoughts on that??
Also as I develop this business plan (BP) one thing that hangs around my head is that if am starting the business I must make it as realistic and see ways to save money. As I read the chapter it says that first year you see red numbers on the profits. So if I reduce my expenses so that the burden will not be so heavy. I wonder if there is any city grants for women making their own business? sounds like Research!
So what is my competitive advantage? what can the RE Agency offer that others don't? Well I thought of bundling common service use during the home purchasing transaction such as Mortgage, and closing company but most rare is offering a simple fee of $990 when its usually a 6% of the sale of the estate. TA DAA!!! lol.