FORMULAS FOR UNDERSTANDING YOUR BUSINESS

Slides:



Advertisements
Similar presentations
The Premier eal Estate Application. Designed to assist you in many segments of your Real Estate Business! The Most practical application and easiest to.
Advertisements

CP Platinum Inside Sales Agent System If Mastered – can take your business to unprecedented levels of success! Part 2: Creating the Ultimate Real Estate.
Price to Sell There's a sweet spot where a price is most powerful for the buyer, the seller, and you. Learn to price homes at what the market dictates,
HOW TO GET 7% COMMISSION HOW TO LAND EVERY LISTING APPOINTMENT AND GET 7% COMMISSION! PRESENTED BY: THE CAREER COMPASS REAL ESTATE SUCCESS TRAINING & LIFETIME.
Real Estate Valuation. Real Estate Valuation: Market Comparison Approach.
Completion of the Accounting Cycle. Accounting Cycle During Period Collect transaction data from business documents Analyze transactions and journalize.
Projected Income Statement Jeff’s Really Cool Stuff.
12.2 Cash and Trade Discounts
Real Estate Valuation. Real Estate Valuation: Market Comparison Approach.
Exam 2 - Formulas. Understanding ROI ROI = Net operating income Average operating assets Margin = Net operating income Sales Turnover = Sales Average.
Learn. Live. Lead. Life-long Learning and Real Estate Success Jessica Lautz November 9, 2013.
EXAMPLE 1 Solve an equation with a variable on one side Solve 4 5 x + 8 = x + 8 = x = 12 x = (12) 5 4 x = 15 Write original equation. Subtract.
Solving Linear Equations Golden Rule of Equations Single Variable Multi-Variable.
“get busy livin’ or get busy dyin” Andy Dufresne Shawshank Redemption.
Solve an equation with a variable on one side
Three Industries. Three Opportunities. Business Opportunity Presentation.
WARM UP Write these numbers in words 1,000 1, ,000 10,000 1,000,000 1,000,000.
PERCENTAGES How to find: 20% of 80 15% of 400 7% of 9.
Bellwork 1- Monday, February 27, 2012 How can Microsoft Excel 2007 help you to be more productive?
Jim Faulk Associate Broker - Samson Properties Service – Value – Experience Discover the Possibilities (Cell) (Fax)
Commission SWBAT find the amount of commission; find the commission rate; find the total sales; compare commissions when the total sales and commissions.
Ch. 1-4 Solving Inequalities. Properties of Inequalities Transitive Property: –If a < b, and b < c, then a < c Addition Property: –If a < b, then a +
Modern Real Estate Practice in Illinois Chapter 23: Closing the Real Estate Transaction.
Managing In Tough Times “Bits & Tips” Using Financial Records to Measure Farm Profitability.

Office 2003 Introductory Concepts and Techniques M i c r o s o f t Excel Project 1 Creating a Worksheet and an Embedded Chart.
I’m Thinking of a Number
EXIT Addition Facts Week 1 Week 2Week 3 Week 4Week 5Week 6 Week 7Week 8Week 9Week 10.
Patterns of Household Expenditure. ArnoldBlackCowanDavisEdwards Annual Income15,00030,00045,00060,00075,000 Necessities15,00025,00032,00036,00040,000.
The 24 Topics The 24 Topics address key issues for experienced agents.
HOUSING: TO BUY OR RENT?. Agenda Overview Rent vs. Buy? Steps to buying a home.
Florida Real Estate Principles, Practices & Law 39th Edition
Using the Percent Equation
Lapointe Productions Net Pay and Income Tax
Earning Income How Can I Get Paid?.
Annual Average Income by Rank
EXAMPLE A 400 m2 (40 x 10 m) area is to be excavated, 1 m deep, with side slopes 2:1. As the width (10 m) is less than 30 times the depth (30 x 1 m), the.
Completion of the Accounting Cycle
LESSON 18-2 Calculating Depreciation Expense
LESSON 18-2 Calculating Depreciation Expense
BUSS1 Formula Profit= Total revenue - Total cost Contribution= Selling price - Variable cost per unit Break-even = fixed cost/ contribution per unit Total.
Chapter 36 Financing the Business
WELCOME XCLUSIVE HOMES.
Solve Linear Equations
Housing Affordability – Traditional Index
Housing Affordability Peaked at Q1 2012
Housing Affordability Peaked in Q1 2012
Ignition – Blast Off Ignite Power Session #12
Housing Affordability – Traditional Index
Chart Your Course for Future Success 2011 Business Plan
How to Spend Retirement Money. Total Your Annual Housing Costs.
Housing Affordability – Traditional Index
Housing Affordability – Traditional Index
Housing Affordability – Traditional Index
For Buyers and Seller Expenses
Business Math.
Does Your Real Estate Career
3.4 – The Quadratic Formula
Activity 2: Profiling a Country
Housing Affordability Peaked at Q1 2012
Applications of Percents
Number properties and operations
Unit 1 Assessment Review
It’s the middle of the week!
Integrated Math & Science
Valuing Real Estate Return on Investment Calculation (ROI)
What’s the Purpose Increase our bottom line How
Calculating Standard Deviation
1. Agency Relationships 18 In this chapter:
Presentation transcript:

FORMULAS FOR UNDERSTANDING YOUR BUSINESS Frank Panunto | MASTERS COACH, ROBERTSON COACHING INTERNATIONAL

WHERE WE’RE HEADED ISA TIPS & TECHNIQUES

Baseline Needs Worksheet My Monthly Household Income (Excluding your real estate income) My Monthly Business Expenses My Monthly Personal Expenses ISA TIPS & TECHNIQUES

Baseline Needs Worksheet (cont.) My Monthly Income Surplus/Deficit (This is calculated by subtracting your business and personal expenses from your household income) My Average NET Commission My Baseline Transaction Goal (To calculate, divide your income deficit (if there is one) by your average net commission. If you have a surplus, your base transaction goal will be 0. (Congratulations!)) ISA TIPS & TECHNIQUES

Appointment Goal Worksheet Buyers Sellers New Agent 4-6 Experienced Agent 3-4 2-3 Elite Agent 1.25-2 1.1-1.5 My Big Transaction Goal Number of Buyer Sides Number of Seller Sides ISA TIPS & TECHNIQUES

Appointment Goal Worksheet (cont.) Calculate your total number of appointments needed using the chart above. Be conservative! My New Buyer Appointments I Will Go On My New Seller Appointments I Will Go On My Total Buyer & Seller Appointments I Will Commit To Go On New Appointments Per Week! (Divide your total appointments by 45 weeks to get this figure.) ISA TIPS & TECHNIQUES

Appointment Goal Worksheet Buyers Sellers New Agent 4-6 Experienced Agent 3-4 2-3 Elite Agent 1.25-2 1.1-1.5 My Big Transaction Goal Number of Buyer Sides Number of Seller Sides 24 12 12 ISA TIPS & TECHNIQUES

Appointment Goal Worksheet (cont.) Calculate your total number of appointments needed using the chart above. Be conservative! My New Buyer Appointments I Will Go On My New Seller Appointments I Will Go On My Total Buyer & Seller Appointments I Will Commit To Go On New Appointments Per Week! (Divide your total appointments by 45 weeks to get this figure.) 48 48 96 2 ISA TIPS & TECHNIQUES

QUESTIONS? ISA TIPS & TECHNIQUES