Going from Broker to Business Owner

Let's Get Down To Business

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Why go into business for yourself?

Going from broker to business owner allows you to shape your future, decide how best to support your clients, align your business with your values and take control of your growth. It offers the flexibility to work on your terms, providing the ultimate freedom to balance your priorities around what matters most to you.

Business ownership also gives you equity—an asset that rewards your hard work, enables you to grow a team, create your own culture, and leave a lasting legacy with the people you work with and the broader mortgage broking and finance industry.

“Rather than having my head down in just writing loans, being a business owner has allowed me to have a long-term vision and build an asset that grows over time. It has enabled me to be invested in my team’s growth and keep day-to-day tasks interesting and engaging. Balancing writing loans and managing a business doesn’t come without its challenges, but the pros definitely outweigh the cons.”

- Nevada Matthews-Connolly, Director of Cube Home Loans

Sure you can write loans, but can you manage a business?

Becoming a business owner means balancing responsibilities that extend well beyond writing loans. With a lot to take in, the right support can make all the difference. Here are some key aspects you may want help with:

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Finances and accounting

Staying on top of your capital, cash flow, and business expenses is essential.

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Branding and marketing

Consider enlisting experts to help implement a clear brand identity and consistent, growth-focused strategy.

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Recruitment, onboarding and training

Leverage services like TalentForce to help you find job-ready talent and Brokerversity to upskill and train your staff on systems and processes.

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Standard Operating Procedures (SOPs)

Streamline your operations with standardised processes for every aspect of your business, from staff training to customer service, resulting in no guesswork.

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Compliance

There’s no need to navigate the world of regulatory requirements and compliance alone. Leverage the support of experts in the field.

How will you grow a team and manage people?

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Launching a business built for growth means having the right systems, processes, and culture in place from day one. By establishing the culture you want to build from the beginning, you’ll create a business people want to be a part of.

By investing in your team’s development and nurturing an environment where they can thrive, they’ll become your biggest advocates—driving business growth and sharing your vision. To enable this and set yourself up for success as a leader, you also need to ensure you define clear goals and key performance indicators (KPIs), with systems in place to measure these and drive shared accountability.

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How do you get your name out there?

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Sure, the idea of running your own business is alluring – but how will you create a steady flow of leads?

Connecting with past clients (if you can) and industry contacts and forming strategic business relationships with referral sources like real estate agents and accountants are the foundation for generating consistent business as a broker. By staying visible and top-of-mind, you ensure that when clients need your services, you’re the first business they think of.

A strong online and local presence is critical to this. From social media to websites to SEO, focus on building trust and creating authentic connections with your target audience.

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What steps do you need to take to prepare?

If you fail to plan, you plan to fail.

Amanda Young (10)

“If I had my time again, I would have taken more time with my decisions - paused and planned - to ensure I had the means and cash flow to support my next steps.”

Amanda Young, Loan Market broker and business owner

When starting your own business, these are the essentials to have prepared

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Savings & cash flow

Support your objectives by accounting for unexpected expenses.

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A business plan

Outline your business model with clear objectives and timelines. LMG’s growth and broker success managers provide support with this.

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A marketing plan

Include a brand strategy, ecosystem and regular content across multiple touchpoints. By leveraging the Loan Market brand ecosystem, brokers generate up to 3x more leads than independently branded businesses.

I'm ready to go. What's next?

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Once you’ve got a solid understanding of what you’re going to do and how you’ll generate business, what’s next?

Reach out to our team to see how we can help you turn plans into reality. Our people, software, and services work together to help you deliver more for your clients and achieve your business goals.

Leverage the industry’s best technology to save time and keep your business safe, supported by a local compliance coach and daily online training.

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Once you’ve got a solid understanding of what you’re going to do and how you’ll generate business, what’s next?

Reach out to our team to see how we can help you turn plans into reality. Our people, software, and services work together to help you deliver more for your clients and achieve your business goals.

Leverage the industry’s best technology to save time and keep your business safe, supported by a local compliance coach and daily online training.

 

Get specialist training and hands-on support to optimise your business processes, build new revenue streams and leverage technology in your business from a kaizen-trained business coach, one-on-one monthly business planning sessions and process mapping workshops.

Utilise our talent acquisition specialists to recruit new staff members and our offshore capacity-building solutions to supplement your onshore team.

Attract and retain more clients with our industry-leading suite of marketing solutions

Including a fully-optimised business website, a game-changing customer satisfaction and review platform, a personalised lead capture and qualification tool and cost-effective social media marketing programs.

Surround yourself with like-minded business people looking to grow to the next level.

Jordan Chantry
“Becoming a business owner has given me the freedom and flexibility that I couldn’t fully experience as a loan writer. It has opened new opportunities, allowing me to take control of my commissions and focus on working with clients I genuinely want to help. Since making the shift, I’ve developed deeper client relationships, improved my lifestyle, and found the most rewarding aspect is seeing the positive impact I make, while building something truly my own.”
MVM FINANCE GROUP
JORDAN CHANTRY

MORTGAGE & FINANCE BROKER

Jordan Chantry
MVM FINANCE GROUP
Tameeka Lynch
"Moving from loan writer to business owner allowed me to hire and grow my team. I now have more control of my income, more opportunities to shape my career, and I can leverage the additional marketing, training and support LMG offers."
Ruby Sky Finance
TAMEEKA LYNCH

DIRECTOR & MORTGAGE BROKER

Tameeka Lynch
Ruby Sky Finance

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