Developing a marketing strategy and executing it once you have a strategy you can perform it by starting with creating your styles. You will also need to construct a blog/website so if you do not know how to do this yourself then you will need to find a web designer to do it for you.
At this level, your service works, but only if you exist every day to make sure it's working. At level 2, you haven't actually developed a company even you've created your own task. In essence, business works as long as you business owner exist each day to make certain it stays working. At level 2, you have the control, but with that control comes long hours and the sense that all the choices, all the risks, all the duties- all of it rests on your shoulder. Everyday, you need to keep going since if you stop, all of more info it ends. You have the control, but no genuine freedom.
As a small business coach my most effective customers have actually grown with care. They have a marketing business plan that makes sense. They have grown in positioning with their core organization.
I extremely recommend that you flip loans just to expert institutional note purchasers. There are several reasons for this. Expert purchasers put up all the money, do practically all the work and take all the threat. As far as I'm concerned that is all the reason you need to be in this service. When more and more institutional purchasers got in the market, the affordable money flow/note business has drastically altered in the last couple of years. My best guesstimate is that my main institutional sources are buying in the range of over 40 million dollars worth of home loans each month.
You are the service owner however are you recognizable to the patrons you serve? Do people understand who you are? Are you hands on in your business or are you rarely around? Do you offer a special individual touch that can not be discovered somewhere else? Personal connection is very important.
Working as a business broker I see that a typical business that costs 1-2 times net profit has no formal systems. The organizations that fetch greater multiples constantly have formalized systems in location.
There is a lot more to growing a small organization than this short post contains. Or make the suitable modifications to your current service if you set yourself up correctly from the beginning. You will discover among the most personally and financially fulfilling things you do is growing a small service.