Home   Mortgage Broker   Free Mortgage Broker Business Plan   4.19 Industry Analysis of Number of Establishments by Number of Employees for Target Market

4.19 Industry Analysis of Number of Establishments by Number of Employees for Target Market

The Industry establishments by number of employees analysis covered in this section gives a very good idea of what the competitive landscape for Real Estate Funding Solutions looks like in Monroe county, New York. The pie chart in shows that in the year 2010, of the total 25 mortgage broker establishments of Monroe county, 16 establishments representing 64% of all establishments had between 1 to 4 employees. There were 7 mortgage broker establishments in the county that had between 5 and 9 employees and only 2 establishments that had between 10 and 19 employees. There are no embellishments for the last two categories of this analysis which cover establishments of more than 20 employees.

Thus this now paints a very clear picture that shows that almost two third of all mortgage broker establishments in Monroe county, will have the same number of employees as projected by Real Estate Funding Solutions. Thus the bulk of the competition is made up of smaller operations that often may not have the dept of talent and productivity that both Ryan and David bring to the table with their extensive experience in the mortgage business. While there are a total of 9 mortgage broker establishments that have more than 5 employees in the county, smaller operations like Real Estate Funding Solutions have some tactical advantages compared to the larger ones - the greatest advantage of course is the lower operational cost structure - larger firms that employ more people have higher expenses on all operational items beginning with compensation all the way to office supplies, rent and even higher costs of coffee and snacks. In order to cover these higher overheads, these operations have to constantly bring in more business and need a lot of volume to sustain their business. This is where a small business like Real Estate Funding Solutions has a great tactical advantage - it is projected that the bulk of the work for the first three years will be done by both Ryan and David and even when they do expand and hire a processors, they intend to keep the size of their operations small.

Quick Links:

  1. Go to the Corresponding Template section for this industry.
  2. Go to the Corresponding Questionnaire section for this industry.

Small Business Owner Resource Center

Articles

Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.

 

Articles

Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.

 

Articles

The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!

 

Articles

The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.

 

Articles

Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.

 

Articles

If you are looking to start a business - look no further.  Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.

Rate this page
Your feedback is important to us | Please rate this page
1 2 3 4 5
HELP US SPREAD THE WORD | LINK TO THIS PAGE