Today's Top TipOnline business plan scams are alive and doing very well. There's even a new wrinkle: the "crowd funding". Trust me, no one makes money but the promoters in this scheme.
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There is one immense problem in writing a mortgage broker business plan: Historical numbers just don't mean diddly.
The mortgage broker market has gone through the wringer in the past few years. What worked two or three years ago -- or even last year -- just won't cut it today. You know that. And your banker knows that.
So. What d'ya do?
First, really figure out why you are absolutely positively one hundred percent certain that your business is going to be successful. Tie it down any way you can. Do you have unbreakable connections? Is there a seriously over looked market?
Once you've got that solidly in hand, with facts and figures to back it up, make an appointment with your banker. Lay it on the line. You have a great prospect for a business, with the experience and the market to make it solidly successful. BUT you are stopped in creating your mortgage broker business plan because the industry financial averages just don't fit. And ask the banker directly what you should do.
I don't know what the banker will tell you. The banker may not know what to say. If he wants time to ponder the issue, gladly give it to him. Hey -- you've got someone else working on solving your biggest problem. Give him some time.
Then, whatever the banker tells you to do, do it, at least for this bank. Odds are that you will have the banker on your side before your business plan for your mortgage business is even presented. Not too bad. Not too bad.
And for putting that business plan together, we recommend the 7
Step Mortgage Broker Business Plan. It is flexible, so you can
adapt it for a smaller office or a larger one. And it has some
great ideas and tools.
Your mortgage broker business plan will be unique, reflecting both you and your niche. So here are three things that you will need to get your business plan in shape for financing:
| Your workbook.
| Your business plan template
USE PROGRAMS YOU ALREADY KNOW!
EASY TO FOLLOW INSTRUCTIONS.
We can't guarantee your success in your service business, but we can provide everything in our arsenal to help you on the way. Your success is now up to you.
Here's a sampling:
Jason Weinstein (Temecula, CA). "Getting funding is real bear, so I need all the ammunition I can get. I like your approach."
Carrie P. (Kansas City). "Having to write it all out helped me focus on where the business needs to go as well."
It is better to be looked over than over looked.
MAE WEST, legendary actress
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