Are you about writing a property preservation business plan? If YES, here is a sample SWOT analysis for a property preservation company to help you form a competitive strategy
Property Preservation Business Plan – Economic Analysis
Before starting a property preservation business, as an entrepreneur you should carry out a proper research and be certain this is the business you want to go into as this business is not one to be entered into anyhow. Also, the business is one that is affected by the economic downturn of a country.
It has been projected that in the next five years, there might be a slump in demand for the services of a property preservation business. This has led to property preservation businesses also offering additional but related services, and also being proactive as to how to remain afloat in the coming years, when business might be slow.
Also, it is important when starting this business to be in good business relationship with REO managers and agents, and also ensure that your business remains visible especially online so that you can be noticed. Another thing is to ensure that you have the requirements on ground, so that you are able to start the job once contracted.
A Sample Property Preservation Business Plan 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.