Episode 038 - Business Plans (Part 2)

<p><span style="font-weight: 400;">Sometimes thinking outside the box isn’t about a new and flashy idea that nobody’s had before, or some exotic method passed down through the ages. Sometimes it’s about going back to basics, reviewing the fundamentals, and thinking about the structure of your business and what it’s built on. That’s what we’re talking about this week in the OTB studios as we continue our talk about Business Plans and just how much clarity they can bring to what it is exactly you’re trying to accomplish with your future.</span></p> <p><span style="font-weight: 400;"> </span></p> <p><strong>To Team or not to Team</strong></p> <p><strong> </strong></p> <p><span style="font-weight: 400;">Last week we talked about the questions you should ask yourself before going into the business plan as a whole. This week we’re going beyond that, asking the bigger picture questions that should be considered as your business develops. One of these questions is whether your goals are in line with being part of a team or going it solo. There certainly are benefits to going it alone and being a solopreneur over being part of or building a team for yourself. Knowing what direction you're going to go can be helpful in knowing ultimately what you want to accomplish.</span></p> <p><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">“Do you want to build a team, and for what reason? Or do you want to build a business that is an extension of you and who you are and the services you provide?” – Steve</span></p> <p><span style="font-weight: 400;"> </span></p> <p><strong>Keep the Books rock solid</strong></p> <p><strong> </strong></p> <p><span style="font-weight: 400;">Another thing we discuss in the podcast is the importance of keeping up with your books and managing your finances in a way that is working toward your goals. Too many people set this aside as a necessary evil of doing business instead of making it work for your business. To put it bluntly: pay your taxes. So many agents neglect this si