Owning a real estate brokerage has become very popular over the last several years. With a booming economy and an influx of new licensees, a lot of people decided to elevate to the owner position.

Over the last three years, during the pandemic, many realtors made more money than in any other year. It just seemed like everyone was buying and selling real estate which made most realtors super busy, all of the time! It was a great opportunity to scale your business to start your own company or a team.

If you are considering starting your company, I highly recommend you start with your WHY! Why do you want to start a brokerage? Is it solely to make more money? If so, you may be disappointed because it can take time to grow your company and start making enough income to support your lifestyle. If you are starting a company because you want to impact people in a positive way and grow and develop agents, then you will find that this can be very rewarding.

Here are the 10 steps to get your business off the ground:

1. Get broker’s license

2. Incorporate your business with the state

3. Will you be physical or virtual?

4. Franchise or Independent?

5. Branding & Marketing

6. Technology

7. Establish Processes & Systems

8. Establish Commission Structure & Fees

9. Recruiting Plan

10. Training & Development Plan

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If want more information on different systems you can use for your business, check out episode 23, FROM REALTOR TO CEO – HOW TO START YOUR BUSINESS, https://youtu.be/_KNAwmjw56w

If you need more information on the steps to get your business started and establish business credit, check out my “Build Your Business and Business Credit” online course here http://bit.ly/buildingbizcreditcourse

Want to learn more about starting a NextHome franchise? Email me at tabitha@nexthomeleaders.com and I will connect you with our sales team at NextHome to get started.

If you are a realtor who is struggling to build a successful real estate business, subscribe to my channel to learn tips and techniques to grow your business.

Interested in joining my weekly group coaching program? Click here to learn more and get a 7-day free trial: http://app.mmpowerhour.com

Are you interested in 1-on-1 coaching, I am also a Tom Ferry coach. Click the link to become a client https://bit.ly/TomFerryCoach

Signed,

Tabitha Richardson

aka "The Real Estate Baddie"

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