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What Is A Mission StatementSue and Chuck DeFiore In order to do your mission statement you need to be able to answer the following: Why should this business exist Who will be its customers and how will it benefit them Why will they be better off These questions are easy to answer for Lease Purchasing. Why should it exist because it provides a creative strategy for both buyers and sellers to either move their home or get into a home in 30 days or less; saves them money, gives them more options, etc. If you dont know all the advantages by now, go back and read them in our previous newsletters. Again, who will be its customers and how will it benefit them - easy. Sellers and buyers of homes, and again all the advantages of lease purchasing for buyers and sellers. The last question, why will they be better off - again, easy, we move the sellers home in 30 days or less and get a good tenant/buyer in there who pays on time, takes care of the property, etc. For those of you thinking of running other than a lease purchase business you need to look at these questions and answer them very thoroughly, before you move on to your business plan. For example, a computer training instructor might answer the above questions in the following way. Why Should The Business Exist To provide computer instruction to those unemployed, those looking to improve their skills, to provide companies with the ability to re-educate, or update their employees. Who will be its customers and how will it benefit them Customers will come from employment agencies, small to mid-size companies utilizing certain computer programs, and state agencies. Why will they be better off We will provide one-on-one instruction, with notes and follow-up calls for a six month period after the class. We will walk them through a problem they might have at work. Now youve got the concept of a mission statement. You need to apply it to the business your interested in running, and see if that business passes the test. Many times, a great idea dies because there is no real need for the business to exist. Dont let that happen to you. Copyright DeFiore Enterprises 2000
| | | | RELATED ARTICLES Understanding Bridging Finance Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged. The word "bridge" conveys the fact that the loan is designed to get you over a temporary obstacle. A typical use for a bridge loan is to cover situations such as when a company needs to close on a new office building before having sold their old one. They would use the proceeds of the bridge loan to continue making payments on the old building until it is sold. How Do You Profit From O.P.P. In a previous article we introduced you to the concept of O.P.P., or Other Peoples Property, and the many ways in which you can profit. Five Reasons the Economy Will Crash and Will Stay Crashed If the U.S. economy had to be summed up in one word, the word would be unsustainable.From entitlement programs to trade deficits, the U.S. economy cannot continue indefinitely on its current course.Sadly, changing course is difficult and political impossibilities are quickly giving way to mathematical impossibilities.The economy will soon come face to face with problems that cannot be solved and it will crash.The crash will be major and recovering from it will take many decades. Create Powerful Joint Ventures Step by Step Figure out what you are passionate about and make it your business. Tax Assessment/Appraisal: How Do I Know What My Home is Worth If you are in the home buying or selling market, it’s important to understand the difference between tax assessment and appraisal value. Concentrate on the appraisal value because this determines your asking price. Juggling It All As we have mentioned in other articles, having a trigger to start your day is very important. One of the major problems with people running businesses from their home is starting the work day. For many of us seasoned home based business owners its a trigger. A trigger can be making a cup of coffee and taking it to the office, getting the kids off to school, after your morning jog or workout; it can be any one of a number of things. A trigger is very dependent upon the individual. What To Consider Before Approaching Lenders Dealing with a bank doesnt have to be like walking through a maze in the dark. Keeping the following points in mind when you approach a bank should help you through the process. The Sellers Guide to the Buyers Eye A strong tendency towards a sellers market will continue until the baby boomers finish the cycle of buying and selling real estate, estimated to end in 20 years, according to the Senior Real Estate Association. Baby boomers born between 1946-1964 are in their peak years for real estate investment. The Metaphors of the Net I. The Genetic Blueprint The Smart Way To Look At Home Improvements What home improvements really pay off when the time comes to sell your house Choosing the Right Web Designer Introduction Psychological Tricks in Selling In this article, Im revealing six powerful secret psychological tricks that you can use to increase the effectiveness of your advertising and marketing. What if you dont sell anything Should you ignore this information How To Jump Start ANY Business Typically it is said that when you open up a new venture, it takes fro 2 to 5 years of steady growth before you can call it a success.All things considered, this is true and because it is true, it is all the more important to do everything correctly, right from the start!So here are 7 guidelines on engagement for every business entrepreneur. 13 Steps to Increasing Your Link Luck Link development can be an absolute nightmare. It takes up most of a marketer’s time and the yield isn’t always what we originally hoped. Worrying about PR, one way inbound links, triangle linking, where to find quality sites to exchange with, it’s all just a huge headache. To be honest, there’s no real way to wash your hands of it, unless you have a huge budget for purchasing text links or to hire someone to do your linking for you. So here are 13 ways to increase your linking luck. They require a little bit of effort, but executed properly, these steps will only bring your site success. Search Engine monopoly Ever wondered how one search engine is dominating the entire web. In any business, you have so much stiff competition. Is there any business that you can start that has no competitionWhether you decide to open a restaurant or a real estate company - you are going to have a lot of competition. And picture the competition that you will have - you will have 100s or probably 1000 other people doing the same business. But in search engine competition, you can probably count in your fingers as to how many search engines there are. But still people are hesitant to go into this field. Retirement or Financial Freedom In the past most people never retired. They died. The average life expectancy was much less than it is these days, and there were no financial planners around to help people save up enough to quit work. As recently as the 1960’s, if you did manage to save up enough money to retire, you’d be lucky to live another 5 or 6 years before you kicked the bucket. This made financial planning for retirement a little easier because you really only needed enough income for a few years. Plan Your Success In Seven Ways Many businesses lose money yearly because they don’t think creatively about the future.They run their businesses doing what they think they should: dealing with customers, dealing with problems, ordering for their business, and paying their expenses. They act like their business is a job. They are surviving and that’s it. They are not looking at the big picture. They need to use their business as a stepping stone to success. Picturing themselves as a successful business person, and setting up a plan to succeed. Empire State Building – A landmark This is a story of structure that remained tallest for 42 years. It is one of the best known structures of the world and has been admired by all of us. So much so that each of us knows its name. This building not only became an icon but a symbol of twentieth century mans attempts to achieve the impossible. But how did this gigantic icon get built- Chandra Bhushan, Architect Spring Into Action: Home Maintenance Spring has sprung! Even more important than buds, birds, and bees, spring brings buyers! When buyers are looking for a place to nest, they would really rather not see problems. As it turns out, nearly every home inspected has problems or imperfections of some sort or size. Most issues are very minor and simple to correct. Almost all are a result of deferred maintenance. How To Improve Your Negotiating Skills Negotiation will be an important area for every homebased business owner, especially in lease purchasing. Whether youre dealing with suppliers, employees, or prospective clients, youre negotiating. The following tips will help you to negotiate better. |
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