How to Start a Real Estate Business?

Introduction to the Real Estate Sector:One of the booming sunrise sectors in the world is undoubtedly Real Estate. Today, it has been recognized as one of the most lucrative investment alternatives. A good number of individuals irrespective of the demographic facets are seen considering real estate as a serious investment mainly because this is one such sector the value of which is sure to shoot up in the long run.Moreover, this sector has ended up creating a win win situation for all the stakeholders who happen to hold direct or indirect interest in the same. This is one of the vital reasons that has contributed to the growth of real estate business in general, which is exactly why we see a number of real estate companies and agencies laying base in every nook and corner of the street.There may be plenty of people out there who are keenly looking forward to establish their very own successful real estate companies. However, they are often confused as to where they should start from. In order to bring an end to the dilemma faced by all such people out there, we will be helping you with a brief blueprint that we believe may end up playing a crucial role in your real estate journey.The Starting Point – Raise Your Start Up Capital:One primary requirement for kick-starting a business is to begin by raising the much needed start up capital, the core role of which is to meet the various fixed and variable costs. This concept holds equally true in case of a real estate business. In order to give birth to your dream, you need to begin by locating and eventually investing in the office space, buying the necessary office equipment, designing logos and preparing other marketing material and of-course diverting funds towards insurance. Similarly, you will also require funds to meet the routine operating expenses in the days to come. Once the funds are in place, the first step can be easily met.Meet Regulatory Requirements:It is essential for you to note that you cannot really begin transacting in the real estate arena on any day at random. In most of the countries, you need to hold a valid license in order to be able to operate as a consultant. It is advisable for you to get on board a reliable legal counsel in order to better acquaint yourself with the rules and regulations that are prevalent in the real estate platform of your country. Once you have the necessary license in hand, you can begin your operations as a real estate consultant.Get into Your Hiring Boots:Next up you will be required to initiate the recruitment and selection processes in order to hire agents to your team. At this point, it is essential for you to draft an independent contractor agreement so as to maintain clarity and transparent communication between you as the employer and your individual agents. The agreement should necessarily house details regarding the ratio in which the commission would be distributed, code of ethics that need to be imbibed by the agents and of-course the general office related policies and procedures.Fix in Your Mind – Customer is the Whole & Sole:Once you are through with the above three steps, you need to proceed further in order to build a loyal customer base. In order to survive and succeed as a real estate entrepreneur, a stable clientele becomes a must. You can reap results in this area by investing towards direct and indirect advertising, integrated marketing communication models and of-course a tad bit of public relations. Similarly, you can also lay weightage on joining hands with a Search Engine Optimization company, which is believed to play a critical role in improving your visibility and presence in the market.The Ultimate Add-on – A professional looking website:The above elements are basically the preliminary droplets that would end up contributing to your wide ocean of real estate business. Apart from the above aspects, there is yet another component, which if added to your business initiation program is sure to benefit you in a massive way. The building block about which we are talking here is the need to develop and introduce a relevant, innovative and of-course distinct looking professional website for your business unit.If we were to rely on the statistics, then we can easily come to the conclusion that in the recent times it has been found that over eighty percent of the individuals begin their home search online. This is exactly why a professional website is likely to come handy to your real estate unit. Similarly, a website can also help you survive the cut-throat competition by making your details available to the prospective clients at large.However, one area that most of the companies end up giving a miss is with regards to the listings. Most of the real estate agents rely heavily on the Multiple Listing Service and fail to recognize the importance of listing out all the properties that come under their basket, on their respective websites. It is quite obvious that only when you offer a holistic listing on your website will you be able to hear your cash registers ringing, which is actually the end result of a wide number of sales.

Business Travelers – Use the Loyalty Programs For Your Benefit

Many people abhor traveling for business, at least when they have to do it frequently. Others know the benefits and actually enjoy frequent business travel. Those benefits include free personal travel and a more luxurious business travel experience.There are a lot of benefits when one travels frequently for business and takes advantage of the loyalty programs like the frequent flyer programs. The most highlighted benefit is free travel. With enough points or miles one can fly for free, stay for free, and even get a free car rental. And because they accumulate so many miles, the frequent business travelers can fly when they want and take people with them. However, there are plenty of other perks to being a road warrior.One of the primary perks of being a frequent flyer is the elite status that comes with being a loyal and frequent customer of the hotels and airlines. There is free and often unexpected upgrades. For the hotels that could mean a free suite rather than a standard room. For the airlines that would mean being upgraded to business or first-class seating for a flight. Then there are complimentary things the hotels and airlines do to make travel easier for their preferred customers. The hotels have quick check-in for loyalty members and often access to lounge areas on the concierge floor for status members. The airlines have quick check-in for members also and allow elite status members to board the airplane first. Then there are the small things like maybe a free snack or refreshment in the hotel room when one arrives. Or a free drink on the plane if one is not upgraded to first-class. It is these perks that make traveling so much easier when on the road constantly.Frequent club members also get access to a dedicated toll-free number for reservations, which is nice during a busy season that one can get a live person reasonably quickly. As one’s status level increases that dedicated service improves. The highest elite levels get their own line with perks available for the asking. Also increasing with the higher elite levels is bonus points and miles. Typically, the highest elite levels get an additional twenty-five percent bonus to the miles or points for each trip or stay. This helps the frequent business traveler get more points or miles for a from each trip.These perks are so nice and welcomed by the frequent business traveler that they do become fanatics about getting miles or points. They also become experts on their particular programs. Every business traveler needs to join their airline or hotel’s loyalty program to start enjoying the free benefits.

Benefits of SMART Boards in the Construction Industry

Constructability issues are problematic for the construction industry as they can delay building work and increase budgets by huge amounts. One leading construction company now uses SMART Boards to solve such issues ahead of a project starting, and the benefits have been tangible.American company Turner Construction is one of the largest general builders in the world, having completed projects on the scale of hospitals, universities and airports both in the US and around the globe. Like all construction companies their fundamental challenge involves resolving specific construction issues so the building process is not prolonged. Recently they found a new and effective method of working that ensures no surprises crop up in building projects – using SMART Boards in combination with Building Information Modelling (BIM) software.BIM allows 3D digital models of buildings to be created, and Turner Construction has set up interactive workspaces, each containing two SMART Boards, so that the BIM models can be viewed in plenty of space. The software allows the models to be rotated and zoomed into so that the details can be clearly seen, and this allows everyone from the architect to the plasterer and electrician to see the plans and spot any potential constructability issues ahead of the build commencing.It’s rare that the company manages to get all the contractors involved in projects in one room – the very nature of the business means they are likely to be on site at other projects – but with these solutions this isn’t a problem. Using SMARTBridgit means contractors can access meetings using their computer or even iPad, and collaborate on the project wherever they are located.Once a project has been assessed and any issues resolved, the plans are signed off immediately on the SMART Board and the meeting session is saved as a PDF file and sent to everyone on the team. This means there are no communication problems and everyone has the exact same plans to work from, further reducing the chance of issues occurring on site.Since installing the equipment Turner Construction has found they are much more able to stick to building schedules because any problems are identified and dealt with at the planning stage, rather than once construction has begun. This of course saves money and labour, and ensures that projects are completed to deadline. As Dan Turner, National Manager, Integrated Building Solutions says: “SMARTBoards have changed our meetings. We’re able to get on topic, pull up a 3D model, show the problem and quickly get others on board. Everyone in the room can quickly understand what the issue is and collaborate on resolving it.”