RunPy Cloud Consulting

HOMEBUILDERS LISTEN UP: New Construction rates are declining due to slowing market demand as a result of high interest rates, coupled with high cost of materials.

HOWEVER

A decade of underbuilding, and sustained population growth has not solved imbalance of supply and demand, in fact, the gap has widened in the last 12 months.

There is, and will be a need for new homes. How do you position yourself to be the one to provide them when the rates come down and the market demand picks back up?

Did you know that ~40% of small businesses don't have a business plan? What's it good for? Why do you need one? Can you succeed without one?

A business plan has two main functions: (1) Plot's your destination--where are you headed with your business? (2) It starts to provide the necessary structure for how you get there.

Would you set out on a 5,000 mile roadtrip without first knowing where you're headed or at least roughly how to get there? Maybe.. but that's it's own adventure ;)

Having a defined business plan also helps you secure funding, clearly communicate your vision to others to secure support and talent and gives you a place to re-center when things get hectic.

Here's a great article from Shopify on how to write your first business plan in 9 simple steps.

Need help getting started or to help articulate your plan? We can help!

How to Write a Business Plan in 9 Steps (2023) Need a business plan? Our step-by-step guide has everything you need to know about how to write a business plan to achieve your goals in 2023.