Business Plans, any thoughts?
This week I ran across a Business Plan that an investor used to really get his rehab business going. The more I started reading it and studying it the more I liked the idea of doing one for my business. Here's the catch, I dont have a business yet. The BP that I read talked a lot about how he has already completed a handful of deals and has experience. I dont have any experience like that yet
I want to start my REI business by starting out in wholesaling then progressively getting more and more diverse such as, rehab, buy and hold, L/O etc. So what I am thinking about doing is writing a BP and using that as a way to reach out to potential team members such as CPA's, agents, lenders, and then obviously use that BP for my structure of my business.
I am curious to know if anyone else has done something similar or if you have any thoughts or opinions. Should I concentrate on doing a few deals first or write a BP first? Thanks.