Property Preservation Business Plan [Sample Template]

Are you about starting a property preservation business? If YES, here’s a complete sample property preservation business plan template & feasibility report you can use for FREE to raise money.

As a property preservation expert or property manager, it is your responsibility to create efficient and effective protocols that will make you relate well with your clients (landlords, tenants and contractors). For example, you are going to be responsible for the full and proper screening or testing of an applicant’s credit, criminal history, rental history and ability to pay his or her rent when due.

Interestingly, the minimum educational requirement for any one that wants to start his or her own property preservation and management business is a High School Diploma and hands on the job experience.

A Sample Property Preservation Business Plan Template

1. Industry Overview

Property preservation line of business which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate businesses to start; it is basically about, property preservation cum management, lease contracting or accepting rent using legal documents approved for the area in which the property is located.

In a nutshell, property management companies are responsible for taking care of and managing buildings and other real estate properties for individuals (landlords) or for groups of owners.

Basically, companies in the property preservation or property management industry help to keep vacant properties secure, safe and well-maintained inside and out and also manage residential and nonresidential real estate for property owners.

Property preservation or property management organizations’ responsibilities relate to the overall operation of a property, which include general maintenance, rent collection, trash removal, security and other renovation and preservation activities (lawn management, landscaping and painting et al).

Some well – equipped property preservation cum property management companies go as far as helping their client manage their property’s accounting and related services.

Property preservation cum property management companies are also involved in mitigation and remediation regarding any maintenance and preservation issues, generally within a budget, with prior or conveyed consent via a Limited Power of Attorney legally agreed to by the property owner.

In fact, there are numerous aspect of the profession and some of them include helping their clients in managing the accounts and finances of the real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies.

Property Preservation or Property Management Industry is indeed a very large industry and pretty much thriving in all parts of the world especially in developed countries such as United States of America, Canada, United Kingdom, Germany, Australia and Italy et al.

Statistics has it that in the united states of America alone, there are about 231,051 licensed and registered property preservation companies responsible for employing about 774.021 employees and the industry rakes in a whooping sum of $75billion annually with an annual growth rate projected at 4.8 percent. It is important to state that there is no establishment with a lion share of the available market in this industry.

Research shows that the industry operating conditions for the Property Preservation cum Property Management industry are expected to remain positive in the coming years, though this will eventually slow. Going forward, the value of residential construction is expected to expand rapidly due to improved consumer confidence and low interest rates, causing an increase in the housing stock.

As a result, the US home ownership rate is projected to increase, and fewer consumers will therefore require property preservation or property management services. To combat this, firms are expected to offer more services such as long-term maintenance contracts to attract renters and also other related real estate services.

No doubt, if an aspiring entrepreneur who intends starting his or her own property preservation or property management business has the right connections, networks, managerial skills, and takes delight in preserving and managing real estate for clients, then he or she is going to find property preservation cum property management business very rewarding and lucrative.

2. Executive Summary

JC Jones & Co Property Preservation Company, LLP is a licensed property preservation cum property Management Company that will be based in Santiago – California but will operate in all the states in the United States of America.

We are in the business of property preservation and management to be able to help our clients meet their needs and achieve their goals with little or no stress on their part because our role is to take the stress off them and deliver to them what they want.

We have been able to build a robust list of insurance companies, real estate investors, landlords and property owners in the whole of the United States and we look forward to help a larger percentage of them effectively and efficiently preserve and manage their properties in any part of the US.

JC Jones & Co Property Preservation Company, LLP will ensure that every property that is kept within our care are properly preserved and managed because we are in business to deliver excellent services for both landlords and tenants.

We have been able to acquire all the relevant trainings and certifications in the field of property preservation and management so as to enable us perform excellently well in this industry. JC Jones & Co Property Preservation Company, LLP will strive towards minimizing the risk of litigation and the risk of damage to rental units.

3. Our Products and Services

JC Jones & Co Property Preservation Company, LLP is a company that look forward to consistently delivering excellent services in terms of help landlords and property owners effectively preserve and manage their properties and also providing conducive apartments and facility to tenants at an affordable rate.

We are in the property preservation and management industry to compete favorably and to make profits and we are going to do all that is permitted by the law of the United States to achieve our corporate goals, aim and ambition of setting up JC Jones & Co Property Preservation Company, LLP

Our business offering are listed below;

Preserving and Managing facilities maintenance services
Managing security of facilities
Managing trash and recycling collection
Property accounting services
Legally representing property owners
Finding and screening tenancy applicants
Collecting rents
Coordinating repair and maintenance contractors
Residential property preservation and management services
Nonresidential property preservation and management services
Land preservation and management services
Real estate brokerage services
Construction services
Property Preservation and Management Consultancy and Advisory Services

4. Our Mission and Vision Statement

Our Vision is to become the preferred choice of landlords and property owners when it comes to property preservation and management services in Santiago – California and of course in the whole of the United States of America.
Our mission is to build a property preservation and property management company that can favorably compete with other leading property preservation and property management companies not just in Santiago – California, but also throughout the United States of America and the world.

Our Business Structure

JC Jones & Co Property Preservation Company, LLP is a property preservation cum property Management Company that intend starting small in Santiago – California, but hope to grow big in order to compete favorably with leading property preservation and property management companies in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

JC Jones & Co Property Preservation Company, LLP is going to be structured in a way that every employees will be actively involved in the growth of the organization and employees who have worked for a period of time for the company will part owner of the company.

We intend starting the business with a handful of full time employees and some of the available roles fill be handled by contractors but strictly under the supervision of our staff. Adequate provision and competitive packages has been prepared for all our employees. Below is the business structure (Operations) of JC Jones & Co Property Preservation Company, LLP;

Chief Operating Officer
Project Manager
Company’s Lawyer/Secretary
Admin and HR Manager
Head of Assets Management
Business Developer
Sales and Marketing Firm
Accountant
Front Desk Officer

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
Responsible for providing direction for the business
Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization

Project Manager

Responsible for the planning, management and coordinating all projects on behalf of the company
Responsible for supervising projects and handling activities such as coordinating repair and maintenance contractors, residential property preservation and management services, nonresidential property preservation and management services, land preservation and management services, real estate brokerage services, and construction services et al
Ensures compliance during project executions
Provides advice on the management of projects
Responsible for carrying out risk assessment
Uses IT systems and software to keep track of people and progress of ongoing projects
Responsible for overseeing the accounting, costing and billing of every project
Represents the organization’s interest at various stakeholders meetings
Ensures that project desired result is achieved, the most efficient resources are utilized and different interests involved are satisfied.
Handles Property Preservation and Management Consultancy and Advisory Services.

Company’s Lawyer/Secretary/Legal Counsel

Handles mitigation and remediation regarding any maintenance issues, generally within a budget, with prior or conveyed consent via a Limited Power of Attorney legally agreed to by the property owner.
Responsible for drawing up contracts and other legal documents for the company
Consult and handle all corporate legal processes (e.g. intellectual property, mergers & acquisitions, financial / securities offerings, compliance issues, transactions, agreements, lawsuits and patents et al)
Develops company policy and positions
on legal issues
Researches, anticipates and guards company against legal risks
Represent company in legal proceedings (administrative boards, court trials et al)
Plays a part in business deals negotiation and take minutes of meetings
Responsible for analyzing legal documents on behalf of the company
Prepares annual reports for the company

Human Resources and Admin Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the organization
Designs job descriptions with KPI to drive performance management for clients
Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Defines job positions for recruitment and managing interviewing process
Carries out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Oversees the smooth running of the daily back office activities.

Head of Asset Management

Oversees the company’s portfolio of real estate assets (which are owned and managed) through acquisitions, dispositions, and day‐to‐day operations, including management of revenue and expense items; works to maximize the portfolio’s performance.
Provides strategic oversight of existing and potential real estate assets within a designated geographic area.
Manages business plans and budgets for properties.
Reviews the condition and maintenance of assigned properties; manages their bookkeeping and cash flow accounting; handles rent reconciliation; prepares property financial reports and annual budget forecasts.

Business Developer

Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Finds and qualifies properties for rent/lease based on company’s property requirements; maintains a property search database; initiates discussions with property owners about the possible management of their property
Develops, executes and evaluate new plans for expanding increase sales
Documents all customer contact and information.
Represents the company in strategic meetings
Helps to increase sales and growth for the company

Sales and Marketing Officer

Lists the property for rent/lease to the public
Markets space; finds tenants; participates in lease negotiations.
Provides property owners with a real property condition disclosure (if required by law) and other necessary forms.
Prepares necessary papers describing the property for advertising, pamphlets, open houses, etc.
Holds an open house to show the property.
Serves as a contact available to answer any questions about the property and schedule showing appointments.
Ensures that tenants are pre-screened and financially qualified to rent / lease the property.
Negotiates price on behalf of the property owners (Our Clients).
Acts as a fiduciary for the landlord, which may include preparing a standard real estate rental contract.
Leases contracting or accepting rent using legal documents approved for the area in which the property is located.
Responsible for the full and proper screening or testing of an applicant’s credit, criminal history, rental history and ability to pay his or her rent when due

Accountant

Responsible for preparing financial reports, budgets, and financial statements for the organization
Provides managers with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting for one or more properties.
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensures compliance with taxation legislation
Handles all financial transactions for the company
Serves as internal auditor for the company

Front Desk/Customer’s Service Officer

Welcomes clients and potential clients by greeting them in person, online or on the telephone; answering or directing inquiries.
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
Manages administrative duties assigned by the creative director in an effective and timely manner
Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc to ensure accurate and helpful information is supplied to clients when they make enquiries.

6. SWOT Analysis

No doubt, property preservation and property management business is perhaps one of the easiest and cheapest way of entering the real estate industry. As a matter of fact, all that is required to do pretty well in this line of business is a high school diploma, experience in property preservation and property management and the right network and connections.

So as such, there are loads of entrepreneurs who are in the industry. But in order to compete favorably in this line of business as a property preservation and management company we hired the service of a tested and trusted business and HR consultant with bias in start – ups to help us conduct critical SWOT analysis for us.

As a company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of JC Jones & Co Property Preservation Company, LLP;

Strength:

Aside from the fact that we are well positioned in the heart of Santiago – California, our strength as a property preservation and management company lies in the fact that we have healthy relationships with loads of property owners (landlords) in the United States and we have some of the best hands in the industry working both as full time employees and consultants for us.

We can confidently boast that we have some the qualities that are in high demand in the property preservation and management line of business which are trust, honesty and relationship management.

Weakness:

Our weakness could be that we are a new property preservation and management company in Santiago – California and it may take us time and extra effort to convince landlords to give us their properties to preserve and manage for them. So also we may not have the extra financial muscle to package and promote our business the way we would love to do.

Opportunities:

The opportunities that is available in the property preservation and management industry cum real estate industry is massive and we are well – positioned, equipped and ready to take advantage of any opportunity that comes our way.

Threat:

Aside from unfavorable government policies, just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a property preservation and management company in same location where our target market exist and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

Market Trends

Recent research conducted shows that the industry operating conditions for the Property Preservation cum Property Management industry are expected to remain positive in the coming years, though this will eventually slow. Going forward, the value of residential construction is expected to expand rapidly due to improved consumer confidence and low interest rates, causing an increase in the housing stock.

From a general perspective, the market trends as it involves the property preservation and management business is indeed dynamic and at the same pretty much easier for a newbies to come in and still make money from the industry.

All that is needed for any property preservation and management company to do well in the industry is to have good maintenance skills, good managerial skills and health relationship with real estate investors and landlords (property owners).

Lastly, some of the key factors that count positively in this line of business are trust, honesty and relationship management and any property preservation and management company that have this will indeed do pretty well in the industry. Landlords and property owners ensure that they put their properties under the care of someone with good judgment, good maintenance and preservation culture and over and above, someone they can trust.

8. Our Target Market

Our target market as a property preservation and management company cuts across people of different class and people from all walks of life.

We are coming into the industry with a business concept that will enable us work with the highly placed people in the country and at the same with the lowly placed people who are either interested in entrusting their properties under the care of a company that can help them effectively and efficiently preserve and manage them, and also those interested in putting a roof under their head at an affordable fee that won’t be so much of a stress to raise.

Although finding tenants is relatively easy, but the truth is that, finding qualified and law abiding tenants can be somewhat challenging.

It is important to note that the target market for those who are into property management business goes beyond those who make use of the internet (Craigslist to search for properties; some of them only rely on the print media (local daily or weekly newspaper both in English and in Spanish for the Spanish community in the US), some on word of mouth adverts and others on street to street search.

The bottom line is that, the market trend for property management business is indeed a dynamic one. In other words, our target market is the whole of the United States of America and below is a list of the people and organizations that we have plans to do business with;

Property owners and landlords who are looking for competent company to help them preserve and manage their properties
Families who are interested in renting/leasing or acquiring a property
Corporate organizations who are interested in renting/leasing or acquiring their own property / properties
Land Owners and landlords who are interested in renting/leasing out their properties
Corporate organizations (real estate agencies, property development companies et al) who are interested in renting/leasing out their properties
Foreign investors who are interested in owning properties or leasing properties in the United States of America
Managers of public facilities

Our Competitive Advantage

JC Jones & Co Property Preservation Company, LLP obviously is a new entrant in property preservation and management business, but one thing is certain; we have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are trust, honesty, good network and excellent relationship management.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we can comfortably work with both the highly placed clients and the lowly placed clients. We have healthy relationships with loads of property owners (landlords) in the United States and we have some of the best hands in the industry working both as full time employees and consultants for us.

We can confidently boast that we have some the qualities that are in high demand in the property preservation and management line of business which are trust, honesty and relationship management.

Lastly, our employees will be well taken care of, and their welfare package is amongst the best in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our objectives.

9. SALES AND MARKETING STRATEGY

Sources of Income

JC Jones & Co Property Preservation Company, LLP is well positioned, trained and equipped to take advantage of the property preservation and property management industry. We know that despite the fact that we are new in the industry, it won’t be too long before we break even in the industry if we fully execute our plans.

Below are the sources we intend exploring to generate income for JC Jones & Co Property Preservation Company, LLP;

Preserving and Managing facilities maintenance services
Managing security of facilities
Managing trash and recycling collection
Property accounting services
Legally representing property owners
Finding and screening tenancy applicants
Collecting rents
Coordinating repair and maintenance contractors
Residential property preservation and management services
Nonresidential property preservation and management services
Land preservation and management services
Real estate brokerage services
Construction services
Property Preservation and Management Consultancy and Advisory Services

10. Sales Forecast

The fact that there the property market is indeed a booming market means that investors are always going to be attracted to the industry. No doubt it is difficult to see multi-millionaires who don’t have interest in investing in properties; real estate investment is one business portfolio that is common to all multi – millionaires in the world.

In essence, the more people acquire properties, the high the chances of property preservation and management companies will secure business deals. Also as long as tenants are always in search for accommodation, there will always be business for property preservation management companies.

We have perfected or sales and

We have been able to critically examine the property preservation and management industry cum real estate market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

The sales projection is based on information gathered on the field and some workable assumptions as well; Below are the sales projection for JC Jones & Co Property Preservation Company, LLP, it is based on the location of our business and of course the kind of services we want to offer and our target market;

First Fiscal Year-: $250,000
Second Fiscal Year-: $700,000
Third Fiscal Year-: $1.5 million

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

We are mindful of the fact that there are stiffer competition in the property preservation and management industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing concerns.

Our sales and marketing team will be recruited based on their vast experience of the property preservation and management industry cum real estate industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Good Life® Network Marketing, Inc.

Our corporate goal is to grow JC Jones & Co Property Preservation Company, LLP to become one of the leading property preservation and management brands not just in Santiago – California, but in the United States of America and the world at large which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the United States of America but also in other parts of the world.

JC Jones & Co Property Preservation Company, LLP is set to make use of the following marketing and sales strategies to attract network marketers;

Introduce our property preservation and management company by sending introductory letters alongside our brochure to landlords, real estate investors, property owners, households, and key stake holders.
Advertise our business in relevant real estate and business magazines, newspapers, and other media platforms.
List our business on yellow pages ads (local directories)
Attend relevant international and local real estate expos, seminars, and business fairs et al
Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
Leverage on the internet to promote our business
Engage in direct marketing approach

Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. We intend growing our business beyond Santiago – California which is why we have perfected plans to build our brand via every available means.

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and individual clients in the whole of Santiago – California and beyond which is why we have made provisions for effective publicity and advertisement of our company.

Below are the platforms JC Jones & Co Property Preservation Company, LLP intend to leverage on to promote and advertise her property preservation and management business;

Distribute our fliers and handbills in targeted areas from time to time
Install our Bill Boards on strategic locations
Leverage on the internet and social media platforms like; Instagram, Facebook ,Twitter, LinkedIn, Badoo, Google+ and other platforms (real estate online forums) to promote our business and list our properties for sale and for lease.
Maximize our company’s website to promote our business
Sponsor relevant TV shows
Place our flexi banners with our company’s logo and contacts in every property we put up for sale or lease.
Place adverts on both print and electronic media platforms
List our company in local directories / yellow pages
Attend landlord and residence association meetings with the aim of networking and introducing our business.
Advertise our company in our official website and employ strategies that will help us pull traffic to the site.
Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

Part of business strategy is to ensure that we work within the budget of our clients to deliver excellent properties preservation and management services to them. The property preservation and management line of business cum real estate industry is based on commissions and properties are valued by professionals based on the area the facility is located, the type of facility and other factors.

Since we are not directly in control of the pricing system in the real estate industry we can only abide by what is obtainable when it comes to pricing structure. Part of what we intended doing that will help us cut cost is to reduce to barest minimum all maintenance cost by renting / leasing any property under our care to responsible tenants who won’t cause damage to our facilities.

Payment Options

Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them but at the same time, we will not accept payment by cash because of the volume of cash that will be involved in most of our transactions. Real estate deals usually involves huge amount of money.

Here are the payment options that JC Jones & Co Property Preservation Company, LLP will make available to her clients;

Payment by via bank transfer
Payment via online bank transfer
Payment via check
Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our tenants pay their rents and bills without any difficulty. Our bank account numbers will be made available to tenants who may want to deposit cash. Our bank account numbers will be made available on our website and promotional materials to network marketers / clients who may want to deposit cash or make online transfer for services rendered

13. Startup Expenditure (Budget)

Financial Costing

This is what it would cost us to set JC Jones & Co Property Preservation Company, LLP in the United of America;

Business incorporating fees in the United States of America will cost – $750.
The budget for Liability insurance, permits and license will cost – $3,500
Acquiring an office space that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $100,000.
Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
Amount required to purchase the needed software applications to run our business – $3,500
Launching an official Website will cost – $500
Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $1,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred thousand (200,000) U.S. dollars to successfully set – up a medium scale but standard property preservation and management company in the United States of America.

Generating Funding/Startup Capital for JC Jones & Co Property Preservation Company, LLP

JC Jones & Co Property Preservation Company, LLP is a family business that will be owned and managed by JC Jones and his immediate family members. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

Generate part of the start – up capital from personal savings and sale of his stocks
Generate part of the start – up capital from friends and other extended family members
Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factor are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting JC Jones & Co Property Preservation Company, LLP is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

JC Jones & Co Property Preservation Company, LLP will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

Business Name Availability Check:>Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts various banks in the United States: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Securing a standard office facility, renovation and equipping of the facility inclusive: Completed
Application for business license and permit: Completed
Purchase of All form of Insurance for the Business: Completed
Conducting Feasibility Studies: Completed
Generating part of the start – up capital from the founders: Completed
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of Logo for the business: Completed
Purchase of repair and installation tools and equipment: Completed
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In Progress
Creating Official Website for the business: In Progress
Creating Awareness for the business: In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with vendors and key players in the construction and real estate industries: In Progress