Friday, February 12, 2010

WHY YOU NEED A BUSINESS PLAN

Let’s think about something for a minute.  We are in one of the worst housing markets in decades, unemployment is over 10%, Fannie Mae and Freddie Mac are useless, banks are tighter on mortgages than Uncle Scrooge Duck, President Obama is constantly trying different angles to solve the problems with the economy and you are having one devil of a time selling new construction.

On top of all that, you have probably never had a business plan for your new home business or if you did, you haven’t updated it since Clinton was President.

And you wonder why you are having a tough time making ends meet?  I am totally baffled that someone can start a business without knowing some basic things like:

Is there a market for my homes?

Who is my competition?

Is my pricing in line?

How will I market my business?

Where will I build my homes?

Who is my target market?

How do I reach them?

Do I have enough money to hold me over until I start closing deals?

And lots of other important things.

Looking through my marketing and business resource list I found a Business Plan Outline put out there by SCORE, an organization of retired executives.  You might not be able to use the entire plan but at least take some time from your busy schedule (playing solitaire and catching up with your email) to read through this invaluable business aid.  It may seem overwhelming at first, but take it a section at a time and honestly try to complete as many sections as you can that fit your needs.

Click Here to go to SCORE’s Business Plan Outline

business-plan-in-trash

1 comment:

Karina said...

Hello, I am just starting out in the modular home arena and was interested in reading the business plan that was posted wayyyyy back in 2010. Not surprised to find that it's not there anymore. But is there any way it can be posted again? I'm right with you on being baffled as to how one can start a business without a plan. Appreciate your time in checking if you are able to. 😀