Executive Summary What’s the Big Picture? When I’m crafting a real estate business plan, the executive summary is where I start. This section is essentially your elevator pitch. I want potential investors to get excited about my vision and understand the core purpose driving my business. Here, I summarize my mission, my vision for growth, […]
Ensure Business Operations Continuity The Importance of Uninterrupted Operations From my experience, one of the primary goals of business continuity planning is ensuring that operations remain uninterrupted. No one likes being in a situation where business flow is jeopardized due to unforeseen events. Imagine a major storm knocking out power for days—without a solid continuity
Understanding the Basics of a Business Plan Defining a Business Plan When I first started out, I had a basic idea of what a business plan was, but it turned out to be way more crucial than I thought. Essentially, a business plan is a written document that outlines your business goals and the strategy
1. Risk Assessment Understanding Your Risks From my experience, a solid risk assessment is the bedrock of any business continuity plan (BCP). It’s where you take a good look at what could possibly go wrong. Think of it as laying down the groundwork for your safety net. Identify potential threats—natural disasters, cyberattacks, or even a
Understand Your Market Conduct Comprehensive Market Research Getting to know your market is like finding the best taco joint in town—you can’t just wing it! I’ve always found that thorough market research is key. So, start by diving deep into who your competitors are and what they’re up to. Tools like surveys or analysis reports