Page bodyThe title agency business plan should explain which mortgage companies you'll work with, the current market conditions in your region, and the likely financial performance of your firm over a period of five years. If your title agency is already established, showing a three year summary of past performance -- using historical P&L and balance sheets -- will help prove that the venture has solid prospects foe continued growth. In either scenario, you should create a use of fund table showing the way you will allocate any investment proceeds you'll receive. Relationships and experience are critical in this industry, so be sure to include a detailed management summary as well. Other factors to cover are these:
• - If you have management team gaps to fill, disclose them and offer a strategy
• - What new marketing methods will you explore?
• - Can you outline your personnel plan for the next five years?
• - If you need more capital, when could break-even occur?
Showing a sensitivity analysis so investors know what impact a variance in sales will have is also advisable. Giving a solid assessment of the market need is important as well, even if it seems obvious to you. Need help developing the pro forma or writing up the market analysis for your title company? Call MasterPlans today. Since 2002 we've been helping start-ups and existing businesses get the funding-ready documents they need. Quotes and consultations are always free. Call 877-453-2011 to speak with a consultant.
