Whether you specialize in commercial or residential real estate you face significant challenges and obstacles every day. How can you meet the challenges head-on and overcome the obstacles to get what you want?
First of all, let’s agree that it isn’t easy. Don’t make the mistake of underestimating the difficulty of time management, prospecting and follow-up. However, it can be done. You can take control of your real estate career and achieve the very goals that brought you to real estate. The formula for success can be divided into three basic parts.
Franchises are everywhere today and provide extraordinary opportunity for individuals seeking business ownership and for Realtors® wanting to assist buyers and sellers. Some examples of the franchising impact on a global basis include McDonalds and Subway with over 31,000 locations and 7-Eleven with over 30,000 locations.
I sometimes hear from commercial and business brokerage agents about the lack of opportunity or that they are not making as much money as they want to make. It’s not that I’m surprised to hear the complaint but rather the notion that the perceived problem is beyond the agent’s control.
I’m often asked about the best type of business to list or purchase. I’ve met a significant number of business owners over the years and learned that it isn’t for everyone. As an owner, you’re the first one in, the last one out and definitely the last to be paid. But on the other hand, the rewards of business ownership can be great. If you’ve decided that owning and operating a business is what you want to do, then what should you be looking for in a business?
Is it a good time to list and sell a business?