20 Steps You Need to Take to Set Your Property Business Up
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Show Notes
In this episode, Jeannette walks you through the basics of setting up a property business. Her easy to follow 20 steps process is ideal for anyone who wants to get started in this sector or someone that has a small portfolio that they want to scale. She explains how to set yourself up for growth and do it in the right way.
Much of what she shares here is not widely spoken about. So, you are bound to learn something by listening. She covers practical things like how to get your business online as well as broader subjects. Such as mindset, financing, networking with agents, accounts and much, much more.
KEY TAKEAWAYS
- It is important to set yourself up properly from day 1.
- You need to have a vision for yourself and your business. To know what you want to achieve.
- Work out what your strategy will be e.g., what part of the sector you want to be involved in.
- Understand the tax situation before you start. That way you will know whether to buy in your name or set up a Ltd business to buy under.
- Always seek advice from a financial advisor before setting up your business.
- Keep your business and personal finances completely separate.
- Look professional. Get business cards, a website, and a properly branded email address.
- Set up your social media profiles carefully. Jeannette shares some tips for this in the podcast.
- Get the right mindset.
- Telling others what you are doing will help you when it is time to find investors.
- You will need to use other professionals to get things done. Track down those people early, so that when you need them, they are there.
- Know your numbers. Understand what is profitable and what is not.
- Networking is vital. Estate agents and others will give you leads for great deals. Jeannette shares an easy way to make the personal connections you need.
- Have the information and documents that brokers will ask you for easily at hand.
- When seeking funds understand that you are providing that person with an opportunity, not just asking them for money.
BEST MOMENTS
‘Be clear on your vision, clear on your strategy and know where you´re going to invest.’
‘A lot in business is about mindset. You are what you tell yourself you are, so if you are a business investor, get it on your profile.’
‘Some estate agents are now asking for proof of funds before you can view a property.’
This is the perfect time to get focused on what YOU want to really achieve in your business, career, and life. It’s never too late to be BRAVE and BOLD and unlock your inner BRILLIANCE. If you’d like to join Jeannette’s FREE Business Discovery Session just DM Jeannette on [email protected] or sign up via Jeannette’s linktree https://linktr.ee/JLinfoot
VALUABLE RESOURCES
Brave, Bold, Brilliant podcast series
ABOUT THE HOST
Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality, and property sectors. Having bought, ran, and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development.
Jeannette is a down-to-earth leader, a passionate champion for diversity & inclusion, and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams.
CONTACT THE HOST
https://www.jeannettelinfootassociates.com/
Podcast Description
Jeannette Linfoot talks to incredible people about their experiences of being Brave, Bold & Brilliant, which have allowed them to unleash their full potential in business, their careers, and life in general. From the boardroom tables of ‘big’ international business to the dining room tables of entrepreneurial start-ups, how to overcome challenges, embrace opportunities and take risks, whilst staying ‘true’ to yourself is the order of the day.