Investors Beware!

The new homebuyer should be made aware of no leasing restriction when they buy. But what about investor who buys a home a few years later? If investor fails to read and understand CC&Rs he or she may end up owning a property that they cannot rent.

You can't count on home seller alerting you to restriction. They may be third or fourth owner of home and not even be aware of restriction.

Oh sure, you could buy home, rent it and hope you are not discovered violating CC&Rs.

However, anyone who has ever dealt with a HOA soon discovers that there are always a few other homeowners with an eagle eye out for slightest infraction of CC&Rs. They delight in notifying HOA management company,,, and management company is bound to investigate and enforce rules. For you investor is no appeal... and there is no recourse.

This is a strong reminder that every investor should have a clause in every purchase contract that says purchase agreement is contingent upon you receiving, reading and approving a copy of CC&Rs.

This is a potential ulcer-creating situation that no investor can afford to ignore.

A Strategic Vision describes what your business will look like when it is complete. It will define your products and services and how those products and services will be delivered.

It will identify your customers and how those customers will be located, cared for and served. It will quantify your sales and profit goals. It will describe your culture; employee behavior, operational philosophy and unique characteristics that will allow your company to fulfill your entrepreneurial vision.

It is your vision for future. Your Strategic Vision should be so clear and precise that any question you have about business can be answered by reading it. The Strategic Vision is source of bringing balance to entrepreneur, manager and technician. The entrepreneur creates vision in Strategic Vision, manager plans, quantifies and implements vision, and technician does work of work.

Understand that your Strategic Vision is one of most effective ways to share your dream with employees and identify how employees will participate in realizing your dream. It is their guide of how they do it and why they do it. Do your strategic vision now!

Step 3: Your Business Plan

Now is time to write your business plan. Your business plan is a detailed roadmap of how you are going to build your business that will achieve your Ultimate Objective and your Strategic Vision.

Your business plan must cover 7 essential things: Executive Summary, Business Mission and Vision, Business Strategy, Marketing Plan, Operational Plan, Human Resource Plan and Financial Projections.