My New Blog

Did you know that I do commercial properties? I can do sales as well as leases for your business needs. I primarily focus on restaurant sales and land but will do other types as well if it is not out of my scope of expertise. Right now there is a good number of buildings that are in the maps planning range that will have prime locations in the future. These are good times to acquire commercial property considering the amount of money Oklahoma is spending on the Maps project. Things you primarily need for venturing into business are a 

• Business plan
• Financial lender or carrier
• product or services
• Exit strategy ect...

Business plan: 

you will either be going through a commercial lender, owner carry or Small business administration loan when you decide to purchase your building. In order to for these institutions or individuals to take you serious and get a better idea of what you are wanting to do and achieve a business plan is a great way to help convey your thoughts. They are not only good for your lender but good for you and your business. The business plan will outline your company's

• products
• objectives
• mission statement
• competition
• projections based on demographics
• sales
• marketing Ect::

I have a bachelors degree in business entrepreneurship which focused primarily on how to start a business and write business plans. For a small fee I can help you prepare your business plan, I cannot prepare one without your help and input since it is your heart, money and energy that is going into the business.

Financial:

Lets face it money talks, enough said. Without a proper financial backing you wont be able to purchase or lease a building. Most financial institutions require you to have a business plan so they know exactly what you plan on doing and what they are lending money for. For instance a bank would not likely loan you money for a business that has no proven track record or anything to measure it against. Remember if you fail they end up getting stuck with the asset and the loan.

Exit strategy:

It is exactly what it sounds like. What will you do if you run out of operating capitol, or get sued or the product you want to sell is not needed anymore. The bank and if you have investors want to know how you plan on re paying them any money or return on investments owed. They want to know that as easy as you opened the doors you have a safe and legal way out too that wont end up in court.

For more information about how to start a business or buy commercial property give me a call.