Home Staging Business Plan- How To Write a Compelling one
Home staging is all the activities that a home stager does to decorate and prepare a home for it to be sold. A home stager brings out the beauty of a home because they give character and design that makes a home appealing enough to make a buyer make an offer
If you want to know how to start a home staging business, I wrote a full post on how to start a home staging business.
So what is a home staging business plan and why is it important? a home staging business plan is a document that you use to ideate all your home staging plans on paper before you go head to start your home staging business
It is actually a document that forces you to think through how you want each stage of your home staging business
As a small business owner, this is a critical aspect of your business, this is why we want to take the time to walk you through what you need to know to write your home staging business plan.
Are you ready to learn? Let’s dive in
Steps to Writing a Home Staging Business Plan
1. Industry Knowledge
Industry knowledge is important if you want to become a home stager, for example, a home stager does not operate independently of the real estate industry.
So as a home stager, you must what the prevailing conditions are in the real estate industry in your country. Knowing what your industry is all about will help you to carve a niche for yourself.
If you want to start a home staging business, for example, you need to be aware of what real estate companies make use of your services, and what changes in government policies affect the way homes are bought and sold in your country.
Having good industry knowledge will help you to write a brief summary of what your industry is about and how you hope to play in that industry.
2. Executive Summary
With the industry knowledge sorted out, you can go ahead to write an executive summary which is the first part of your home staging business plan. An executive summary will explain what your business is about, the industry you are playing in, what the current market is and how you hope to take advantage and get your own market share.
3. Business Details
In this section you want to give as much detail as you can about your business, for example, you want to write down, what niche of the home staging industry you will be playing in.
For example, you can choose to be a home stager for single homes, apartments, and duplexes or you can choose to home stage offices and working places, hotels, etc.
Whatever niche you choose will be outlined here. Your business details will also contain your business name and registration type, whether an LLC, a corporation, or a sole business owner.
You also have to state the legal structure and all other details like your website and social media pages and your contact details.
You can also add your website details to this section as you expect people to click through to your website to see your project portfolio or your potential samples
If you don’t have a website, this is the best place to get one, start by getting a good hosting package and a website name together for less than $40 per year from Ipage
4. Business Goals
Your business goals section is actually the place where you define why you started your business and what impact you hope to make.
There are many reasons for which people want to start a business but the most important reason when you should start a business is to solve a problem.
Here is why problem-solving is the best way to start a business. When you start a business to solve a problem, you are more likely to succeed.
The business goals section is where you write your vision, mission, and corporate values, what exactly drives your business, and what you want your home staging business to be known.
5. Market Analysis
In this section you will analyze the market to determine what gap you are likely to fill, your market analysis page convinces those reading that you do not just have industry knowledge but you have numbers to back up what you are doing and you are aware of how much the capturable market numbers are.
6. SWOT Analysis
A SWOT analysis helps you to analyze your business idea against others and also compare your strengths, weakness, opportunities, and threats. A SWOT analysis actually helps a business to think about its competitors and also craft out a unique selling proposition.
If you are writing a home staging business plan and you have not identified your USP, you will not know what actually differentiates your business from others out there. A USP is actually teh crux of your marketing plan
7. Marketing Plan
A home staging business plan without a marketing plan is like a car without an engine, why is this so? because a marketing plan is actually what sells your home staging business
A home staging business marketing plan helps you to outline your marketing strategy, how you intend to position your service in the market and how to attract your customers.
A complete marketing plan should contain numbers that support how much your marketing plan will cost and how much revenue it will generate.
8 Operations Plan
Every business should have an operational strategy, a home staging business is no different, this is because as soon as you secure a client, a lot of operations go into play immediately, and you will need to move all the home decor pieces to the staging point.
Having an operation plan in your home staging business plan will ensure that you and your contractors know what to do once the time is right.
An operations plan will usually include your customer service plan and what should happen should an incident occur
9. Financial plan
The financial plan is the part of a home staging business plan that everyone tends to look at, this happens if you want people to invest in your business.
A financial plan will tell the readers how you intend to make money. A financial plan will contain your Projected profit and loss and your projected cashflows. It is in the financial plan that your business will determine if will really make money when it will break even and what are the possibilities for scaling. A well-written financial plan will be the best winner for a home staging business plan.
Your conclusion or summary is the place a business investor will look at if they do not want to spend time reading your business plan. Your business plan summary should capture the essence of your business and convey the key uniqueness of your business, it should also tell about how you want to make money and what drives your business.
Home Staging Business Plan Pdf
Now that I have outlined to you how to write your home staging business plan, your next take may be to look for a word document to start writing one.
You can do that or you can simply take my home staging business plan template already designed to help you and guide you in writing a compelling business plan
The home staging business plan pdf will help you quickly craft your business plan and create a compelling one in less than 2 hours
I am making this printable home staging business plan pdf to help those who may want to just have a planner they can quickly use this to create the business plan they want without overthinking it.
Watch out for when it will be ready.
A home staging business plan will help you even if you don’t plan to raise any money to start your business, it will help you to think through all the steps you need for you to create a thriving business.
Sign up on my list, to know when the business plan will be ready.
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