It seems that partnerships are the way of the future. Why? I’m a loaner myself. I sure don’t want to check-in with a partner every time I make a decision.
So what’s the advantage? Businesses—successful business— are run like a business even if there are no partners. There’s a structure to a business. Things get done on schedule, there’s plan, ergo a business plan.
There is a growing trend from Sole Proprietor (SP) to Business Owner (BO). The thought precesses are totally different. Think about it. The SP has only one-on-one thoughts and the possible repercussions there of — “If I do this, I can expect this.”
There is a shared decision in the case of the BO. When a business relationship is established, a business plan is agreed upon. The weakness and strengths of each member are established at the outset. They marketing their business and the value of teamwork.
New business names are beginning to show up, in combo with the parent broker name.
The business functions as a freestanding business, however. How to create a Marketing Plan and structure a new business approach to real estate can be found at: http://www.buildmybusiness.com
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