Essentials you need to know before setting up your real estate business.
Capable real estate agents can feel frustrated working for a major franchise. If you're stifled in your current role and ready to take control of the way you work, an independent real estate business could be the answer. Here are some essentials to consider as you make your move.
Positives and pitfalls of going it alone
For agents with drive and ambition, there are clear positives to working independently.
You're in charge when it comes to the hours you work, the strategies you use and the values you draw on to guide your business as a whole.
While there's a huge satisfaction to be found if you choose to go it alone, challenges arise for agents who don't take the time to understand their market or their own limitations.
Questions to ask before you go independent
Before you draft that resignation letter, take some time to consider these questions:
● Where will you focus your business? It's crucial to understand the key markets you're interested in along with recent real estate trends, changes on the horizon and the competition you'll be facing.
● What are your strengths? Have an honest conversation with someone you trust about where you really shine as a businessperson and where you might need extra support.
This is when being part of a semi-franchise network can make all the difference.
● How much can you do on your own? Along with your strengths, it's important, to be honest with yourself about the amount of time and energy you have to commit to establishing your new business as you start out. Again, drawing on the support of a wider network could give you the extra capacity you need here.
A new way to support independent agents
At Eview Group we've seen our share of established agencies take on a new market only to stumble when it comes to local knowledge and client needs. That's why our Your Brand, Your Business model has so many agents convinced. We're building a network of committed professionals who truly understand the areas they work in and reflect this knowledge in the way they do business.
If you're ready to take on the next challenge in your real estate career, get in touch with us today.
"The 60 Second Entrepreneur"
"The 60 Second Entrepreneur" is an important book for any person who dreams of creating a successful business. Many of Manos's examples are taken from his Real Estate experience, but also draws upon over 30 years of being self employed and the lessons he teaches are fundamental business truths which anyone can profit from.