GA 4.0 hours Planning and Growing a Real Estate Business Course Syllabus
4.0 Elective Hours
The first step that real estate professionals should take in defining their businesses is to determine exactly why they want to create them. This crucial step will help them have direction as they decide the sizes of their businesses and risks they are willing to take.
One of the reasons that entrepreneurs start businesses is to meet their personal goals. For example, some real estate professionals enter the field because they want a flexible schedule that will allows more personal time. Some might choose real estate as a career because it is a relatively easy field to enter. These reasons play an important role in the kind of businesses real estate professionals will create.
Entrepreneurs who are seeking quick profits are not necessarily concerned with building long-term businesses. Similarly, lifestyle entrepreneurs who want to create businesses that generate enough profits for them to maintain a particular way of life may not focus on building businesses that can survive their departures. However, entrepreneurs who want to sell their businesses or pass them to the next generation are interested in creating businesses with long-term staying power.
Upon completion of this course, the real estate professional will have a greater understanding of the reasons for starting a real estate business, how to create vision statements / mission statements, and how to set obtainable business goals.