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The 7 Sections of a Great Real Estate Business Plan | Tom Ferry Podcast Experience

The Tom Ferry Podcast Experience

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The Importance of Purpose and Values in a Business Plan

Having a clear purpose for your business, defined by a mission and values, is crucial as it serves as the driving force behind your actions. Your mission outlines what problem you're solving, who you're helping, and why you do what you do, while your values guide your decision-making process. Utilizing tools like chat GPT can help synthesize client reviews into your mission and values, providing valuable insights into your business direction. Motivation plays a key role in accomplishing your goals, as a strong motivation leads to behavioral changes necessary for success. Accountability and commitment are crucial for progress, ensuring you stay on track and make necessary changes. Assignments like using chat GPT to generate insights on your ambitions and goals can provide a comprehensive understanding of your motives and drive. Clarity on your why, like the client who bought a home for her mother, can serve as a powerful motivator to push through challenges and achieve success.

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