Have You Been Bit By The “Entrepreneur Bug?”

No doubt about it, we are experiencing some never-seen-before trials and tribulations in our profession. Mega real estate and mortgage companies have failed, businesses that have prevailed for decades have closed their doors. Other firms (real estate, law, mortgage and investment firms) have merged in order to survive.

Yet, there’s something about these times–amongst the failures, difficulties, and economic stresses that still provides us professionals with the vision of HOPE. Hope to persevere. Hope to go grasp a little closer to one’s dreams. Hope to press the “Now or Never” button and embrace the challenges that lies along the path to success.

More than ever before, many in the real estate profession have been “Bit by the Entrepreneur Bug.” More specifically, a number of real estate agets have decided to break away from their present company and finally launch their own real estate brokerage! 

 The latest Group to the Active Rain edition, entitled, “Entrepreneur,”  sets out to explore, collaborate amongst others and implement ideas to help rel estate agents do just that: Open up their own real estate brokerage. Overall, the question is “HOW” and not “WHY.”

For those of you who have accepted the challenge, succeeding against the odds and living your dreams it would be a great learning opportunity if you could answer the following questions:

 

1.Why did you make the decision to branch out into your own real estate company.

 

2. How long did it take you from the “Just an Idea/Planning stages” to “Opening Day?”

 

3. What have you discovered to be the true benefits/drawbacks in doing so.

 

4. If you can do it all over again, what would you do differently.

 

5. Do you have any future plans for your company in the future? If so, can you share some of your ideas.