Lesson 10 – The Business Plan

The Business Plan – How to create a business plan

Now you have the data, but you need to organize it. The property plan will give you your net operating income. From there, go over what you can do to increase revenue and cut expenses. This is a time to be creative. Ask the “what if” questions. The goal is to make your property stand out and see what you can charge more for and what service contracts you are paying too much or just aren’t needed.