Your plan should be able to grow uniquely with you. Think ‘small and smart’ by highlighting the business’ objectives, strategies, forecast costs and earnings realistically. It should all move, change and develop seamlessly as your business does.
Gauge your opportunities and threats by researching the market you are entering into. Note down your competitors and any gaps in the area that could be filled with service-offerings or differentiated brands.
The relationship with your REN involves more than just commission splits. Being dependent on their offers of marketing space, ads, websites and other business costs will also be a factor. You must balance their services with your own efforts as you may change RENs or even go out on your own later on.
Hype up and build a successful team with individual training schedules and incentive plans. This will boost your employees’ productivity, performance, and profits. Keeping strong morale will ensure your team and business’ pace at the top of the game.
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