Thinking about opening a mortgage refinancing business? We tell you what you need to know to get started.
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How to Write a Simple Mortgage Refinancing Company Business Plan
Haven't created a business plan for your mortgage refinancing business yet? You could be in big trouble.
At Gaebler, we advise new business owners to keep your business plan simple. Even though there are certain issues your plan needs to address, business plans are fluid documents that are intended to adapt alongside your mortgage refinancing business.
As your company matures, you can circle back to your business plan to make revisions and adjustments.
Evaluate the Competition
Well in advance of opening a mortgage refinancing business in your town, it's a smart move to determine what the competition looks like. Use the link below to generate a list of competitors in your city. Just enter your city, state and zip code to get a list of mortgage refinancing businesses in your community.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
If you are interested in starting a mortgage refinancing business, it's essential that you learn as much as you can from somebody who is already in the business. If you think owners of nearby mortgage refinancing businesses will give you advice, think again. Why would they want to educate a future competitor?
Thankfully, an owner of a a mortgage refinancing business in a different city will be much more likely to talk with you, once they realize that you are not going to directly compete with them in their community. In fact, they are often very willing to share startup advice with you. In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
The key question new becomes: how to find a mortgage refinancing business entrepreneur who is willing to advise you because you live in different cities?
Simple. Let your fingers do the walking by using the link below.
Why You Should Buy (Instead of Start) a Mortgage Refinancing Business
It's no secret that entrepreneurs have a strong impulse to build companies from the ground up.
However, a business purchase is nearly always the smarter ownership option.
When you buy an existing company, you get a functional (and presumably profitable) company from day one. And that's not to mention the fact that a purchase let's you avoid the trial-and-error mistakes that are common in startups.
The chances of becoming a successful entrepreneur are greatly increased if you become a franchisee rather than going it alone.
If you are thinking about opening a mortgage refinancing business, a smart move is to investigate whether franchise opportunities in your space might help you avoid common entrepreneurial mistakes.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These interviews should be of interest to you.
These additional resources regarding starting a business may be of interest to you.
If you already are in business and came here to learn about growing an existing mortgage refinancing business, these resources will come in handy:
If you came here to learn about selling to mortgage refinancing businesses, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.