At the v7n forum an enthusiastic programmer decided he wanted to build himself a FSBO website for the UK market. Only he gave his site description and when other forumites came back with warnings that the FSBO market was pretty tough and cornered by the big realtor franchises he obviously had no idea what FSBO stood for!!!
FSBO: For Sale By Owner, usually real estate.
It’s a term that is catching on as the industry grows and while it’s not in common conversation yet if you are planning a business you should at least know the catch phrases of the industry.
Now, I’m as guilty as the next person of throwing up a website and having a go. But if you are planning for this to be more than a hobby, for it to be a proper business then it’s essential to have a written business plan…