Wealth Made Simple Podcast

As a property investor, there are skills you must master and Shaz goes through the top 5 key competencies and skills you need to master to become successful in property If you focus on developing your problem solving, networking, logical approach, and always complete detailed due diligence you will be on the path to mastering key skills that will support you as a successful property investor You need to master these skills to a level where you complete them unconsciously and listening to this episode is a great start KEY TAKEAWAYS Everything you do is problem-solving and if you become very good at finding solutions you become more valuable Having a good network around you especially when you start is vital. Those with more experience can help you to identify the issues and find the solutions You have to be logical in your approach, remove any emotion from your thinking if it’s a business deal Step back review your criteria and if it doesn’t fit move on to the next deal Look at the deal and ask yourself ‘how am I going to negotiate this deal?’ Negotiate a position that works for you Sometimes it’s about negotiating a deal that means compromise for both parties Build a great network, join groups, and meet people face to face, you need to invest time and build relationships Make sure you do your research and due diligence scrutinise everything to know if the deal is the right one for you BEST MOMENTS ‘Problem solvers and their skills are worth a lot’ ‘if it’s a business deal don’t get emotionally attached, it will cost you money’ ‘Networking is extremely important VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: · Facebook · LinkedIn · Instagram · YouTube.

FREE WEBINAR - https://bit.ly/shazwebinar This is a transformational episode for anyone who wants to get into property with Shaz sharing his expertise and experience about what you can do if you have a thousand pounds and want to make property your business You need to be smart about what you do with the money to make it work hard for you and there are multiple ways you can build assets and equity to give you what you want, listen in, and find out how KEY TAKEAWAYS Spend some of the money on networking and be consistent in your attendance over a period of time Spend money on meeting the people you’ve been introduced to at networking events Look to work with someone on a flip strategy, you do the work and the other person provides the investment Leverage other people’s money to get them and you where you want to be There are people with cash but no time It’s a perfect partnership when you have the time and skills and your partner has the cash but not the time You should always look at more than one strategy With a property, you can build both assets, equity and income The effort required with a bigger deal is comparable with the effort expended on a small deal Assets that accumulate value will bring wealth over a sustained period BEST MOMENTS ‘If you go to a property event every month you will meet at least one person who can help you’ ‘It creates an income stream and asset value that is a game changer’ VALUABLE RESOURCES [email protected] FREE WEBINAR - https://bit.ly/shazwebinar ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

FREE WEBINAR - https://bit.ly/shazwebinar” for all episodes until the 7th December Having a mentor can make a huge difference to you in your property journey but you need to make sure you carry out due diligence to make sure you find the right mentor for you You have to look at all the information about a potential mentor to build a picture of what they’re like and make a decision about whether they are the right fit for you, it’s about bringing the information you have together and not looking at any information in isolation because ultimately it’s your responsibility KEY TAKEAWAYS Use public information, such as Companies House to find out about the companies the person is associated with Do a credit check on the person to find out more and help build a picture of the person Get them to tell you their story and check with others who have worked with them Find out if they are a public speaker and go and see them live on stage Hearing them speak will help you to know if they can share their expertise in an understandable way with others Look at their social media accounts to find out about areas they are working in and how they respond to individuals’ questions Have they written a book? do they publish articles sharing their knowledge? If there are only good reviews this could be a red flag -nobody is perfect and learning from someone who has made mistakes themselves can be key in moving forward Talk to the person does their style match with yours/ are they are a good fit with you`? You may select a mentor who inspires you and will push you to achieve your goals even though their style may differ from yours BEST MOMENTS ‘It will give you a sense of the person and how they work’ ‘Don’t underestimate the power of speaking with other clients’ ‘Most people who invite speakers, invite industry experts’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

FREE WEBINAR - https://bit.ly/shazwebinar” for all episodes until the 7th December Shaz looks at what really makes the difference between success and failure in property and shares great content on what you need to do to be someone who is a successful property developer From mindset to building a great team around you there are vital elements that Shaz knows from experience you must have if you are going to be successful and he is sharing these and more in this must-listen episode for any property entrepreneur KEY TAKEAWAYS Mindset can be a huge issue; people create lots of reasons why they can’t do something Deal with what happens when it happens, property investors are problem solvers You need to be focused, decide on a strategy try it and then move on to the next Those who focus achieve more than those who don’t get focused Education is vital and you need to make sure you get the right advice, which you may have to pay for Learn about the area you are focusing on and invest money in your education The best return you will ever get is on the investment you make in yourself Go out there and take action As property developers we make money doing the deals You can’t do everything on your own, build a great power team around you, people who are good at doing the things you are not good at BEST MOMENTS ‘I’m sharing how to make it work and they are coming up with objections’ ‘Crack on and stay focused’ ‘Create a team around you who are bloody good at what they do’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz has made mistakes but learnt along the way and he is sharing more great content and advice that will make a positive difference to other property investors. Using his advice means you can scale and grow more effectively in your property business right from the start and achieve exactly what you want to achieve. These tips are a great way to get started the right way with your property business so get started on your new beginning today KEY TAKEAWAYS Be clear on your purpose with property when you know what you want to achieve you can look at the property strategies that will help you It’s good to be involved with more than one strategy Work out your goals and objectives and then work out how to get there Decide on the initial structure of your business but be aware this may change along the way Do the research on each type of structure to ascertain the best one for you if you need help speak to an advisor Identify the way you are going to fund your property portfolio, having a joint venture partner could be a good strategy People want a good return on their investments and you could be the person to offer this Work out how much cash you need and where you are going to get it Decide on your goldmine area – where does your strategy work well? How far do you need to travel? Spend time researching your goldmine area, it is pivotal for your business You need to invest in yourself and do the training, look for courses or source training online A good coach and mentor will help you get where you want to be through support, challenge and always being there Those people who take action achieve what they want to achieve. Be accountable and do what you say you are going to do BEST MOMENTS ‘If I knew what I know today I could have grown a lot quicker and made a lot more progress ‘look closely at the different strategies to find the ones that are best for you’ ‘Training transformed my property business’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz gives a great overview and the key information that anyone needs to make a decision about whether a limited company is the right structure to choose for their business There are different business structures available and many people are not aware of the advantages of a limited company structure from being able to plan for inheritance tax to liability. Along with the advantages Shaz also shares some of the possible challenges of the limited company structure meaning you can listen in and get a great overview KEY TAKEAWAYS The tax regime is lower for a smaller limited company than for an individual You can plan for inheritance tax with a limited company with different types of shares If you are a limited company you will pay less in corporation tax When you own a property in your name, you are personally liable if something goes wrong A limited company is a separate entity so if something goes wrong you are not personally liable unless you have given a personal guarantee You can control what gets paid to you and when through both your salary and dividends with a limited company A limited company will cost more in compliance costs and the level of regulation is higher The rates for lending are usually higher and there are fewer lenders available to limited companies How you manage and run a limited company is very different to being a sole trader or in a partnership When you incorporate a company information is available in the public domain BEST MOMENTS ‘Have the mindset to grow your business’ ‘You can incentivise your children to want to be involved and grow the company’ ‘In simple terms, you only get half the tax relief but a limited company can help you to overcome this’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In episode 133 Shaz looked at the benefits of using a holding company and in this episode, he balances things up with great content about the possible disadvantages that you should be aware of Review both the benefits and the possible disadvantages and take a holistic view to make a decision about what structure is the best for you and means you can grow and develop your business the way you want to KEY TAKEAWAYS You may need an audit if your business structure turnover exceeds 10.2 million, you have fifty-plus employees and your assets have a value of more than 5.1 million There are costs associated with an audit and it can take time The costs for compliance can be higher, you will be paying accountancy fees for each company With the tax regulations coming into force in 2023 smaller businesses will be liable for the 19% corporation tax rate You could be paying the marginal or higher rate of tax with the holding company structure Each company needs a separate bank account There can be additional complications with needing multiple accounts There are fewer funders available when you have this structure and there may be less funds available and the interest could be higher Your growth may be restricted due to constraints on funding Choose the structure that gives you the optimum for your goals and what you want to achieve BEST MOMENTS ‘Look at the benefits and the disadvantages carefully to decide what’s best for you’ ‘Don’t always make costs the deciding factor, other benefits can make it worthwhile for you’ ‘Take a holistic view about what you want’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at what you should consider when you are looking to fund your next car and shares informative content that may change your next car choice There are a huge number of factors to consider when choosing a car and your choice may be influenced by your company structure when you look at the tax implications This is a great listen if you want an overview of the most effective ways to purchase a car and know how to offset the cost of a depreciating asset. KEY TAKEAWAYS The type of company structure you have will influence the best way to fund a vehicle Cars are a depreciating asset so contract hire can be the right solution The more miles you drive the more the value of the car depreciates and the more you will have to pay With leasing, you pay an upfront fee and an agreed monthly fee The larger the upfront payment the less the monthly fee You agree on an amount of expected mileage If its 100% business use you can claim back the VAT If the vehicle is used for both business and personal use you ca. claim the business percentage of VAT back If you have a car with contract hire through a limited company and you have personal use you have to pay benefit in kind tax Do not buy assets that depreciate, lease, or hire them Currently, the tax rate when you purchase an electric car is very low BEST MOMENTS ‘I always get cars on contract hire and invest the money elsewhere’ ‘There are some really good deals out there’ ‘Think about going electric the advantages are good from a tax point of view’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Do you want an accountant who helps you to achieve what you want to achieve? Shaz goes through a comprehensive list of twenty great points that you need to consider when you are looking for the right accountant for you. Your accountant is a hugely important advisor so finding someone who is able to offer the services you need and help you to achieve your goals and aspirations is key Listen in because the more advice you follow from this insightful list the more likely it is you will find an accountant who is the right fit for you. KEY TAKEAWAYS An accountant is an incredibly important advisor to you and your business Make sure your accountant knows and understands property The level of expertise you need will vary from time to time but you need to know who is working on your accountant, will you have a dedicated account manager? Who is going to be your dedicated point of contact? Ask about the services they offer to make sure they have all the services you require You need to have an accountant who can offer you what you need, don’t go with the cheapest, look for someone who can help you realise your expectations Check which software they are using, it’s better if they are using and familiar with the software you are using Different people have different requirements and you need to understand how they work and what to expect from communication with them Are they a qualified accountant? working with a qualified accountant means they have a regulatory body, indemnity insurance and have to undertake continuing professional development Does the company offer a money-back guarantee? This is an indicator they are confident about delivering every time Do they offer fixed fees? These are good because they provide clarity for you and mean the accountant will be motivated to be efficient Are they the right fit for you, do they communicate in a way that works for you and can you get along with them? BEST MOMENTS ‘If you get a blank look from the accountant when you mention property it’s a good indicator they are not the accountant for you’ ‘Ask people you know for recommendations; this is the best way to find anyone anywhere’ ‘If they have an interest in property investment they are going to know more and have good contacts’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz is asked a lot about holding companies and in this episode explains how a property entrepreneur who is involved in multiple projects can benefit from having a holding company With this structure, it’s possible to move money without paying tax and lowers risk as different projects in different companies means any challenges only impact one company He also explains how joint venture partners and shares can be effectively utilised across different companies within a holding company structure KEY TAKEAWAYS As an individual you can be paying 40% to HMRC with a limited company it can be 19% If you take the money out personally to transfer it you will have to pay tax on it With inter-company loans it can become complicated A holding company can be an uncomplicated solution All the shares are owned 100% by the shareholder There is no tax paid when money is moved from the holding company Dividends can be paid up and down with a holding company Risk is lowered because you can have different projects in different companies It gives the ability to have different joint venture partners You can have alphabet shares with shareholders having different dividends, values and voting rights BEST MOMENTS ‘It makes it efficient to move money from one company to another’ ‘It means the risk can be limited to one company and not affect other projects’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at negotiating and the many factors that influence a property deal, including the motivation of the seller. He shares his strategy for working backwards and great advice about focusing on building a good reputation and good relationships because ultimately this is what will bring in good deals to you. KEY TAKEAWAYS Negotiating is a skill and dependant on a range of factors If the margins are there and the numbers work its worth paying asking price and saving time Even if you offer the asking price there can be other factors such as the time frame that will influence the seller Everyone wants a discount but sometimes it’s better to just get on with doing the deals Building good relationships means you will get offered more deals Focus on what you are making and how much you are prepared to pay Knowing why the vendor is selling and what’s important to them can be very helpful Build a good reputation and do what you say you will do and great deals will come to you BEST MOMENTS ‘I work backwards looking at the end value’ ‘Building a good reputation is more important than saving the odd thousand on a deal here and there’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Now Shaz works on larger projects he always has a quantity surveyor involved and in this episode, he looks at why using a quantity surveyor whether your project is large or small is something you should be doing From estimating the costs of a project through to managing disputes a good quantity surveyor is an expert in their field and can give you peace of mind across both large and small developments KEY TAKEAWAYS A quantity surveyor helps you estimate the cost and help you control the cost They support with meeting standards and legal requirements They will help make sure a project finishes on time They are experts in their field and will cost your site in detail making sure you get the right materials on site They make sure no one gets paid until the work is completed to a standard you are happy with The bank will be more likely to lend to you if you have a quantity surveyor A good quantity surveyor can protect you and minimise your risks They can support you with making the process smooth It will give you peace of mind and mean you can focus on what you are doing BEST MOMENTS ‘A quantity surveyor will keep you on the straight and narrow’ ‘They manage all the costings and make sure you stay within budget’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

What they are and how they can reduce your tax bill? In this informative episode, Shaz provides the answers and explains why capital allowances are one of his favourite tax allowances. Capital allowances can make a huge difference particularly when you are buying commercial property but can be effectively used in a range of situations. If you want to know if you can claim then this is a must-listen podcast KEY TAKEAWAYS When you spend money on capital equipment, plant, and machinery you can reduce your tax and sometimes completely eliminate it Its anything that is fixed to a building such as air conditioning, suspended ceilings, smoke alarms and central heating If you don’t use your capital allowances in a particular year you can carry them forward into the next year The annual investment allowance means you can write off up to 200,000 on plant and machinery The Government is incentivising businesses by allowing an acceleration of up to a million pounds until 2022 You need to review the structure of your business to make sure you are making the best use of capital allowances if you are purchasing equipment You cannot claim capital tax allowance on cars which the business owns If you own a residential property you can’t claim capital allowances but if you own an HMO you can claim If you are buying property through a SSAS you can’t claim because a SSAS doesn’t pay tax You need to do your calculations to see if it’s worth buying through your pension When you are buying commercial property there may be capital allowances to be claimed from the purchase BEST MOMENTS ‘Capital allowances are one of my favourite tax allowances’ ‘Make sure you don’t miss out on this allowance as it can really be a game-changer if you are scaling up’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Adding value to a property is one of the most important things you can do and makes great financial sense whether you are renting or selling it. Shaz shares five great ways you can easily add value to any property whether you are looking for tenants or looking to sell KEY TAKEAWAYS If you are serious about property you should be serious about adding value to any property It makes good business sense to increase the value of an asset wherever you can Create more units or more flats, smaller units are easier to rent and when you sell they will sell more quickly. More units mean you are adding value Convert the garage into a living space Add a conservatory and make sure it’s built to get the maximum amount of sun If the property looks outdated then update it, people like fresh and new looking properties Make the exterior of the property look good because first impressions count BEST MOMENTS ‘You can add £30,000 of value by doing £20,000 of work’ ‘Add a conservatory because everyone loves a conservatory’ ‘It’s easy to get tenants for a nice looking property’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: · Facebook · LinkedIn · Instagram · YouTube.

Shaz explains how no money down deals work and why it was a game-changer for him. When you are working with other people’s money you must fulfil the promises you make and be good at communication but if you can do this it’s a strategy that can work brilliantly for everyone involved Listen in and hear about both the prose and the cons from someone who has successfully used no money down multiple times. KEY TAKEAWAYS It has worked for me and once you have done it makes perfect sense If you are short on money then leveraging someone else’s money is a great solution You can be creative – you can look at a profit split with other parties involved in the deal It gives you the opportunity to do lots of deals at the same time You can scale quickly and work with different joint venture partners With someone else’s money, you are more accountable and focused If you have completed several deals you can easily attract more finance because you have a track record There is always a risk when you are using other people’s money and you have to take responsibility for other people’s money Start with less risky deals such as buy to let Make sure the numbers stack up in any deal you are doing No money down is about relationships and managing those relationships with other people If you are not good with relationships a strategy of no money down will be challenging Communication is key and you must keep the investor up to date with what’s going BEST MOMENTS ‘No money down has been a complete game-changer for me’ ‘Your first deal will be harder than the ones that come later’ ‘Make sure you live up to the promises you make and do what you say you are going to do’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: · Facebook · LinkedIn · Instagram · YouTube.

In this episode, Shaz explains why you should use always use a planning consultant. Often architects know something about planning but they are usually not experts so a planning consultant is worth their weight in gold They can work with your architect and liaise with the planning officer to get the best outcome and with their expertise knowledge about planning policy, it’s cost-effective because with their input it’s possible to get your planning through first time. Listen in to find out more KEY TAKEAWAYS A planning consultant is someone who understands the process and is good at what they do They work alongside your architect Some architects know about planning but they are usually not experts The planning consultant will work with your architect and liaise with the local authority to get your planning through It will save you time, they will explain the possibilities to you It can save you money because with their expertise it can be possible to get your planning through the first time Planning consultants know about planning policy they can argue and defend your case Your planning consultant will work with you and the planning officer to get a better outcome BEST MOMENTS ‘If you are applying for planning use a planning consultant ‘It can save you having to have drawings revised several times ‘They are worth their weight in gold’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at why a pre-year-end meeting is so important and explains how it can be used to look at tax efficiency and what you can do to reduce possible tax payments when you get to your year-end. He also explains how a face to face with your tax expert is about analysis and preparation for the next year to make sure you are as tax efficient as possible KEY TAKEAWAYS If you want to be as tax efficient as possible you have to have a pre-year-end tax meeting It helps you plan in advance, Makes sure things are done on time every time Helps you to pay your tax on time Having deadlines for when accounts are completed and when tax needs to be paid You can’t plan for tax after the event The pre-year-end meeting is an opportunity to sit down with your accountant or tax advisor and review what the tax will be Pre-year-end meetings usually take place in month ten You can review what you can do in the last part of the year to reduce possible tax payments You can review your income tax and cooperation tax It’s about the analysis for the projections for the next year BEST MOMENTS ‘I strongly believe you have to have a pre-year-end tax meeting’ ‘Deadlines are extremely important’ ‘You need to be as tax efficient as possible’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

This episode is a great listen for anyone new to property as Shaz shares an overview of the most common mistakes and how to avoid them Using this as a checklist will make sure you are asking the right questions and making sure your numbers stack up so any deal you make is the right one for you KEY TAKEAWAYS Especially in the early days people buy a property because it’s cheap and don’t do the research needed If a property isn’t selling there’s a reason In any area, there is a ceiling price and if you spend too much on refurbishment you won’t be able to get your money back Don’t buy property for capital appreciation buy property to create an income stream The capital appreciation should be a bonus When you are buying for rental don’t let your emotions take over, make sure the numbers work and that it’s a deal that works for you Be sure about the strategy you are using and buy with this in mind any property needs to be in line with your strategy and meet your criteria BEST MOMENTS ‘Property is one of the best businesses I’ve ever come across ‘My aim and ambition is to help you do well and avoid mistakes, helping you to get to your destination quicker’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz is currently involved in a project to build forty houses and in this episode, he looks at the vital role of a good project manager. They are the people who control, manage and execute the project bringing together individuals to create a team that can deliver the project within budget and timescale so a good project manager is extremely important and worth their weight in gold on any project. KEY TAKEAWAYS Project managers are extremely important for property deals Some people just look at the cost but this is short-sighted and incorrect They help set the budget, monitor costs, control, execute and close deals If you find a good one they are worth their weight in gold - saving you time and money A good project manager can look after more than one deal for you at any one time Communication is key - they are the centre of all communication and make sure everyone is working together A good project manager will make sure everyone is recognised, valued and contributes as part of a team to make sure the project is delivered They manage and mitigate all risks throughout the project A project manager keeps everything within cost and identifies any potential savings A good project manager makes sure everyone is focused and working towards the same goals and outcomes BEST MOMENTS ‘In my experience Property Managers are something you can’t do without’ Risks cost money and a project manager will effectively manage all risks When there are a lot of people on site all doing different things, they need to be all kept focused and working towards the works program’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Could you do with more cash in your business? Shaz looks at some of the best ways to raise cash and explains that it’s all about mindset and knowing what will work for you best with a particular deal. When you know where to look for cash there are a range of different options that can be explored so that you can achieve the financing you want for your deal KEY TAKEAWAYS It’s about your mindset and knowing the different ways to find cash You can use your own cash and this is a quick way to get started but can also hold you back when your cash is used up Joint venture deals are a great way to bring your expertise together with someone who has the cash Most joint venture partners want a 50/50 deal but if it means you can do the deal it’s worth it Different property investors set up their joint ventures in different ways you need to decide what works for you You need to do a few deals yourself so that you have a track record then joint venture partners will want to work with you You can use a bridging loan, they can work well over a short time period Crowdfunding is a flexible approach to financing a deal and can work really well and deliver the finance very quickly A bank loan can be the best way for you to finance but it takes time and they require detailed information The interest rate is lower because they mitigate their risk with detailed checks and balances BEST MOMENTS ‘There is plenty of cash out there you just need to know how to get hold of it’ ‘Joint ventures are a great way to do deals’ ‘Always try to over-deliver and joint venture partners will want to work with you again’ ‘Most investors say lack of cash is holding them back from growing and scaling’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz answers a question from his Facebook community, entrust property tax experts, where you can find lots of great information being shared on tax and property. The question is one that anyone who is investing in property will want to have the answer to – what are the pros and cons of having a property registered for VAT? Shaz shares great information about what happens and when in the property cycle and how opting in for tax works. KEY TAKEAWAYS Generally, the reason you are paying VAT is because it’s a new property or someone in the past has refurbished a commercial property and registered it for VAT HMRC will ask for VAT to be charged on rental going forward It depends on whether your tenant is registered for tax as to how open they will be to paying VAT, but it’s not an option When you sell the property, you have to charge VAT on the disposal The person buying from you can either register for VAT and claim it back with the cycle continuing or they don’t claim but they have to pay it When you are buying you have to pay the VAT You also have to pay stamp duty land tax on the VAT element As the owner, if you are VAT registered then you can claim back on work completed BEST MOMENTS ‘It either costs you or them 20%’ ‘Usually, people opt for tax and the cycle goes on’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

If the deal works and the finance is there a bridging loan can be a good answer and, in this episode, Shaz explains how and why a bridging loan can be effective in your property investment. If there is a gap in finance, you need to fill, and the numbers work a bridging can be the solution you need, and this is a great opportunity to find out more. KEY TAKEAWAYS Private bridging serves a purpose You may not be able to get a loan elsewhere and there is a gap in your finance You can use a bridging loan and then re-finance in a more traditional way If there is enough profit in the deal go for it If you can’t make up any loss in the short term it probably isn’t worth doing You get the cash quickly, there are fewer questions asked and it’s flexible You can get a bridging loan for a month to around eighteen months It’s not cheap but it is a solution It’s all about the numbers and if it works out it can be a good answer BEST MOMENTS ‘I’ve used it and it works well and is a neat way to do deals’ ‘If the deal works and the finance is there it can be a good solution’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares his top tips on the best way to build a property business based on his own extensive experience. This episode will be a gamechanger for any listener as Shaz shares the tips that really make a difference in building your property business fast and explains why educating yourself, networking and getting out of your own way are key KEY TAKEAWAYS Invest in educating yourself regularly to help increase your rate of development You can have more than one deal in progress. Be bold and move quickly to do more deals Spend time networking and expanding your network Networking can reduce your learning curve if you get around the right people People will share their expertise and experience with you when they know, like and trust you With a network, you know who the best people are Joint venturing means you can use other people’s money and move forward more quickly Don’t wait to get into the big deals Get out of your own way – it can be easy to question yourself and worry about what might happen but it’s just a way of creating barriers Gain comes through pain and any challenges are experiences to learn from Moving forward and being successful comes from taking action and getting stuff done. BEST MOMENTS ‘There is good content out there but education is wider than that’ ‘You realise when you are networking that if they can do it so can you’ ‘Joint venturing brings lots of new opportunities’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Modular housing is popular in America and certain parts of Europe and in this episode, Shaz discusses a current project where they are using modular housing and the benefits of doing this. SIP and timber frame buildings mean work can be completed off-site and impacts significantly on the time needed with Shaz’ current development putting together three houses every ten days. Modular construction is something you should definitely be looking into and this episode has some great advice. KEY TAKEAWAYS Modular homes are built in the factory then shipped to the site The company that produces the home will usually also install it on site Most companies have several different designs or bespoke designs available Modular building is much quicker and much cheaper Speed and Efficiency of building means we will be putting together 3 houses every 10 days SIP ( structural insulated panels ) are panels sandwiched together between a rigid frames It’s environmentally friendly as a building process Timber frame is more popular and the process is efficient Around 70/80% of mortgage companies are happy with SIP and timber construction BEST MOMENTS ‘We are going to save 6 months of costs and time by building using a modular system’ ‘Modular housing is becoming more popular’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at structural warranties and explains why you should be sorting this out at the start of a build if you want to get the best price. Any structural warranty is about protecting against things that can be very costly and if you are looking to finance at the end of the build a lender will usually ask for one, so hear about the right way to source a warranty for the best price in this episode. KEY TAKEAWAYS When you look for funding the lender will ask for a warranty and it’s much more costly to get a warranty at the end of a build Sourcing a warranty at the end of a build can double the cost because not all work is visible so the risk is seen as higher Structural warranties are completed on new builds and commercial conversion properties and cover structural defects They cover up to ten years and you can be required to give a personal guarantee for the first two years Use a broker to source the best deal for you When the work is reviewed at the start the premium will be lower They aren’t compulsory but lenders do usually ask for a warranty Most warranties don’t cover the details such as creaky floors Usually, any issues appear early on and a warranty protects against things that can be very costly BEST MOMENTS ‘Lots of people new to property development don’t know about structural warranties’ ‘Structural warranties don’t cover the details’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In the first episodes of the Property Proficiency Workshop Series Shaz looked at the right business structure and how to benefit from the tax possibilities available in property. In this episode, he looks more closely at how to find deals and business partners and effectively use other people’s money to build your property portfolio quickly If you want to build a strong portfolio that works for you creating financial freedom then listening to this series is a must. KEY TAKEAWAYS Agents want to sell deals and If you build a positive relationship and follow through with deals you build trust and more deals will come your way You need to have multiple strategies to find deals Create a list of properties you are interested in a use direct mail to get in contact with potential sellers. Go to property network events and talk to people about what you do. Find people who have the money but not the expertise or knowledge When you network people are sizing you up so make sure you can talk through your previous deals When an investor first invests they will invest a small amount to see how professional you are so a good first deal can lead to many more deals in the future You can build your own network of potential investors through social media Family and friends can be a good source for investors Using other people’s money can mean you can grow your property portfolio really quickly In business, you are never alone and there are always people who will share their knowledge and expertise If you bring everything together you can create financial freedom for you and your family BEST MOMENTS ‘I’m a big advocate of deal sourcers’ ‘You can create financial freedom for you and your family’ ‘Networking and building relationships is key’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Whether you are new or experienced this is the place to be to learn how to achieve true financial freedom through property and in this episode Shaz focuses on tax savings as a property investor When you are tax efficient you can build capital and you don’t need to know all about each tax strategy you just need to be aware of the tax-saving possibilities KEY TAKEAWAYS It depends on your situation as to how the rules may apply to you In the guidance, there are opportunities for you to save money through reliefs, exemptions and allowances You can only benefit if you work with someone who knows how to apply the rules to your situation When you are buying property you may need to pay stamp duty land tax. If you are buying two or more properties you can make significant tax savings Talk to a stamp duty land tax expert People save tens of thousands of pounds every year in stamp duty land tax relief SSAS works particularly well for property investors Have an annual review for your inheritance tax exposure and plan for inheritance tax as you go along Property investors can have large exposure for inheritance tax Compare and contrast the advantages and disadvantages of having a company car to work out what works best for you. When buying commercial property always consider capital allowances as this is a huge saving. If you are working from home claim homeworkers allowance, it all adds up BEST MOMENTS ‘If you save a pound in tax you don’t have to do anything ‘ ‘Our tax code is over twenty thousand pages long, it’s deep and it’s complicated’ ‘Many people lose out because they don’t apply the right rules in the right places’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares great content from one of his Property Proficiency workshops and explains how to get started in property and on the journey to financial freedom. He focuses on business structure and the questions you need to ask yourself to make sure you build the right structure for you. If you want to accomplish your goals and get it right, from the start, this is the episode for you. KEY TAKEAWAYS Property helps you obtain real financial independence It’s important to have the right strategies if you want to succeed Before finalising your structure you need to ask; Is it legal? Is it effective? Is it acceptable to you and HMRC? Limited liability partnership, partnership, sole trader and limited company are all options You need to think about liability, tax, accountancy costs, statutory regulations and bringing people in. As a sole trader or partnership, you are responsible for the debts Making sure you have a partnership agreement is critical You are not personally liable for any debts in a limited liability partnership business An LLP is transparent for tax purposes If you have given a personal guarantee you are responsible A limited company pays its own tax and corporation tax Any information sent to companies house can be seen by anyone Directors are responsible for the management of the company but the shareholders own the business When bringing in new people you need to get the article of association right and have a shareholders agreement BEST MOMENTS ‘Growing up I was fascinated by property’ ‘Currently, I have property projects in the millions and teach others how to avoid the ‘mistakes I made’ ‘I found the right structure for building a property business’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Refinancing and pulling out your money is a great way to keep recycling your cash. It’s a model where you buy, refurbish and then refinance taking your money out. When you have added value and taken out your money you still have an appreciating asset making this as Shaz says ‘a beautiful model that you can keep using over and over again’ listen in and hear how to get started KEY TAKEAWAYS This is the basic buy, refurbish, refinance and rent and it’s a model that works really well You buy a property and renovate it adding value After renovation, you refinance to pull out your money Once your money is out you have an appreciating asset you can rent Buy to let financers usually won’t refinance until after 6 months With a commercial conversion, there are more units and more value It is investing in a property refurbishing it and then pulling all your money out Leave some of the value in the property You can use your money for the next project There is no tax to pay because you haven’t sold the asset BEST MOMENTS ‘You can keep recycling your cash’ ‘It’s a model that works beautifully’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

If I lend money to my company can I charge interest? Shaz looks at a question from his community about the interest and tax implications of lending money to your company There are things several things to consider in this situation around whether you will need to pay income tax on any interest and this depends on your personal situation. You can charge interest if you want or not if you don’t, you can design and control the situation to suit you. KEY TAKEAWAYS You don’t have to charge interest as a director you should be acting in the best interests of the company If charging interest isn’t the right thing to do then don’t do it If you do charge interest any tax is dependent on your income If you are a basic rate taxpayer you can have £1,000 of savings income tax-free If you have no income you can charge up to your personal allowance and pay no tax If the company is paying interest to you then it will get a tax deduction You can design and control the situation so that it works for you BEST MOMENTS ‘There is quite a lot you can do so you don’t pay any tax on the interest personally’ ‘If you want to charge interest you can and if you don’t then that’s fine’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Fixed interest or variable? Shaz explains the approach he takes when considering whether to look for a fixed rate or variable rate of interest on mortgages. Ultimately it’s about your personal attitude to risk coupled with whether the rates being offered for fixed-rate make it worth your while and Shaz shares some great tips about how to find the deal that works for you. KEY TAKEAWAYS It depends on your attitude towards risk Are interest rates going to go up or are they going to go down Are they going to go negative With a variable rate, it could go up and it could go down If you can get a good, fixed rate over five years then it’s worth doing You can split the loan and have half at a fixed rate and half on a variable rate If you have concerns about rising interest rates then it’s better to look for a fixed rate Often the fixed rate isn’t that much higher Do your research and find the best-fixed rate for you. BEST MOMENTS ‘If the rate is good why wouldn’t you fix it?’ ‘I don’t want the headache of rates going up in a couple of years’ ‘Fix some and keep some variable if it’s a commercial deal’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

People often ask, ‘What’s the best area to invest in property in the UK?’ and Shaz shares why the answer is everywhere and how to make sure you have the right criteria in place to help with securing the deals that work for you. Shaz has an extensive network and knows property investors across the country and everyone is doing well with fantastic deals where ever they are located. KEY TAKEAWAYS There is opportunity everywhere The reason for asking about the best area can be about where to find the highest returns There is money to be made everywhere you just need to look and be open to the opportunities There are fantastic deals across the country There are great deals out there with numbers that really stack up If you are looking for a goldmine area first decide on your criteria Make your criteria about your deals, not the area Find the criteria that work for you and then look in your goldmine area BEST MOMENTS ‘London is a different kettle of fish’ ‘The answer is everywhere’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

‘I’ve got £30,000 how do I get started in property? Shaz explains how you can use this amount of money to get started, and also shares what he would do with this sum of money to move forward in property investment. This is a great overview of some of the many property strategies that can be used to get started in property and includes useful content on joint venturing and flipping properties KEY TAKEAWAYS It depends on how involved you want to be You can start with rent to rent on single let properties and HMO’s and move to serviced accommodation Deal sourcing is a low entry way into property You can flip – buy a small property, refurbish and then re-finance and rent Buy below market value and increase the value by refurbishing Joint venturing can be a good way forward Holding onto the asset brings capital appreciation BEST MOMENTS ’10 different people in property will give ten different answers’ ‘Ten thousand can give you a good start because you will be using other people’s properties VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz goes through the most common mistakes people make when they are starting out in property and shares great tips on how to avoid them. From rushing into the first deal after you have secured your funding through to why everyone will make mistakes and how this is an opportunity to learn and be better moving forward this is a great checklist to use for anyone in property. KEY TAKEAWAYS Don’t rush into any deal, make sure you have done your due diligence and it’s the right deal for you. Decide on your non-negotiables, set criteria and stick to what you have decided. You need to always research a deal so you know exactly how it fits the demographic you are looking at Sometimes a good deal comes along but you miss out, remember moving forward to not compare all future deals with the one you missed out on Have your criteria and make sure the deal works for you Everyone moving into property will make mistakes and any mistake is an opportunity to learn People learn more from the mistakes than the successes Always ask yourself ‘what can I do better next time’ BEST MOMENTS ‘People have money burning a hole in their pocket but no one should rush into a deal’ ‘If you miss out on a deal another will come along, there is always going to be plenty more’ ‘Don’t worry about the market, worry about if the deal works for you’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares great tips on exactly what you need to do to get a project that has potential, with numbers that stack up. When you have sourced a good deal make sure you have a funding source and a good contractor to make sure things run smoothly and always be prepared to walk away from a deal that doesn’t stack up, use these top tips as a starting point and your projects will be ones where there is great potential and successful outcomes. KEY TAKEAWAYS Sourcing a good deal is vital, learn from others about what to do and not to do Have good sourcing agents Can you add value to the property? What can you do to maximise space because this is where the money is Think about the different sources of funding and what will work for you. You need a good contractor and due diligence is vital Make sure the deal stacks up and works out on paper with good margins If the numbers don’t work walk away from the deal BEST MOMENTS ‘If you don’t get a good deal you are snookered from the start’ ‘Can you extend forwards, backwards, upwards or downwards?’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Some accountants voice concerns over multiple share classes and in this episode, Shaz looks at the different types of shares and how they can be used within the structure of a company. Previously some types of shares have been exploited but as Shaz explains this is unlikely to happen with Alphabet shares as it’s a commercial arrangement that benefits both parties KEY TAKEAWAYS In a limited company, you have ordinary shares, With different classes of shares, you can restrict and limit the rights people have with those shares You can limit voting rights and rights to a dividend EBT’s were abused as tax avoidance schemes and HMRC pursued people who had set up these schemes With mixed partnership rules partners were transferring their share into a limited company Alphabet shares are unlikely to go the same way. It’s a standard arrangement to give dividends but for those people to not have voting rights Alphabet shares are taking advantage of arrangements that benefit both parties It’s a commercial arrangement that works for both parties BEST MOMENTS ‘It can give you control of who gets what and when they get it’ ‘Nobody can guarantee what’s going to happen but it’s unlikely’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares great content about the best places to identify new businesses and the things to look out for when undertaking due diligence. When you are looking to buy a business using your contacts and getting in touch with businesses directly effective ways to find the right business for you. When you’ve identified the business you want understanding the level of due diligence is key and this episode has great tips about exactly what you need to look for. KEY TAKEAWAYS Talk to your contacts, accountants, solicitors and bank managers are all people who will know about businesses up for sale. If you are buying in a niche then advertise or write to people directly and explain how you would structure a deal. Due diligence includes understanding all the details You need to know about compliance, health and safety, employees, environmental, data and contracts. The financial due diligence covers financial management and process and whether the business is worth the purchase price. Once you buy the shares all the risks, responsibilities and commitment is all yours It’s vital to have both an accountant and a solicitor involved in due diligence BEST MOMENTS ‘The financial due diligence looks at the accounts over the last three years’ ‘There can be forward projections depending on the size of the company’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

How long does planning permission really take and what do you need to consider? Shaz shares his own varied experiences around planning as a property developer and shares great tips and advice on the value of a good architect, an experienced and knowledgeable planning consultant and why a pre-application can be the key to understanding what the planning officer is thinking. KEY TAKEAWAYS How long is it going to take? a minimum of 6 months but expect and for around a year The factors to consider include The local plan The site itself The mindset of the planners an Planning matter including The local residents along with highways, environment There are a whole host of other departments in the council that will have a view Do a pre-application as this will tell you what the planning officer is thinking Use a good architect who can design a good scheme taking into account the requests from planning. A good planning consultant in place will make a positive difference and can move things along faster Buy a site with full planning and you can start building straight away BEST MOMENTS ‘A good planning consultant is well worth the money’ ‘A pre-application is well worth doing’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

This is a great run through the advantages and disadvantages of a rent to rent strategy, if you are just starting out in property and don’t have the capital this could be the strategy for you with a low barrier to entry and the potential to scale quickly. Hear about the positives and the things to look out for with a strategy that is minimal risk and needs minimal capital and then get started. KEY TAKEAWAYS You can scale quickly with minimum cash flow and low risk You can create good profit through single lets, multi lets and serviced accommodation but you need to find the right landlord Because you don’t own the property you don’t benefit from it as an appreciating asset You can start with rent to rent then diversify and buy property Having an option agreement to buy the property can be a positive for you and the owner Minimal risk, minimal capital and it’s a great way to get started in property BEST MOMENTS ‘You can create a good amount of profit for you and the owners’ ‘The barrier to entry is very low and you can get started quickly’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz answers the question about whether to pay off your mortgage if you have the cash. It can be easy to think that not having the debt is what everyone would want but as Shaz explains there are other options to consider. He shares some of the options that anyone with the cash may want to look at instead of paying off the mortgage and reflects mindset and that ultimately everyone will need to make a choice that works for them. KEY TAKEAWAYS How you feel about debt is a personal thing and influenced by how you have been brought up. Your relationship with debt depends on your mindset From a financial point of view on an interest only mortgage its dependant on what you do with the money. If you invest in property you will get a good return with cash flow if you are investing in buy to let. If you are interested in getting into property you will get a better return through investing. Keep the cash and your mortgage and invest wisely to get better returns BEST MOMENTS ‘Most of us start small and build capital experience, expertise and your network’ ‘How you feel about debt is all about your mindset’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Right now is a good time to buy and develop commercial properties and there are great opportunities out there. Shaz explains what commercial conversion is and shares great tips and content on what you need to do to get started and make a strategy that is one of his favourites work successfully for you. KEY TAKEAWAYS Pubs, offices, shops and warehouses can all be redeveloped to create residential properties There are opportunities through online and auction sites There are permitted development rights so full planning is not required When you are looking at conversion of office buildings check there is the space for car parking Do an appraisal and workout the gross development value and the cost per square foot You can use lenders to fund either the purchase or the development If you are new and don’t have any experience it can be beneficial to joint venture your first few projects to build experience To get started you need to understand the funding, how commercial projects work, the opportunities, locations and what amenities are required. If you are new work with a builder who is experienced in commercial conversions BEST MOMENTS ‘There are quite a few lenders who are open to this sort of funding’ ‘Check everything out before you purchase the property’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz has recently been asked about his favourite property strategies and in this episode, he shares his top three along with a bonus strategy. If you focus entirely on one strategy it can be more challenging to pivot to another so this is a great opportunity to hear about the strategies with good returns that can be scaled quickly to create a diverse property portfolio. KEY TAKEAWAYS Commercial conversions - buy a commercial property and use permitted development right to convert to flats. You can very quickly scale up with this strategy It creates positive cash flow very quickly After you’ve done your first few deals nothing is difficult because you know how things work Serviced accommodation - this has great cash flow and in the right location will attract lots of guests and you can claim capital allowances Buy, refurbish, refinance and rent – this is a strategy that works over and over again and means you can pull your money out in a relatively short time frame. Buying land and building on it can be an effective strategy BEST MOMENTS ‘There are lots of properties out there right now and good deals to be had’ ‘Once you’ve converted you can easily re-mortgage’ ‘What’s a good strategy today might not be tomorrow’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz answers the question about how to identify the best industries to buy a business in and gives great tips on what to look for and why. It’s best to focus on only one sector and then build a team around this asking yourself about high margins, the ongoing demand for the business and looking at industries with high levels of fragmentation. KEY TAKEAWAYS Look for industries that are highly fragmented - There might be two or three big players and lots of smaller individual businesses in the space. Small businesses need to sell at some point but the options can be limited Buy a business with high margins - High margins mean high profits When you begin if you don’t know the business very well you may decrease the margin but if there is a high margin you will still be in a good position Businesses in demand currently include anything to do with adult social care, old people’s homes, children’s homes and IT businesses It’s about businesses that there is a need and demand for continually BEST MOMENTS ‘Those smaller businesses rely on selling their business at some point’ ‘Stay away from compliance heavy businesses as this can become very involved’ ‘Every business can work well’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz explains Buy, Refurbish and Rent (BRR) and why it’s a strategy that works so well you can repeat it, again and again successfully. There are ways of sourcing finance and finding below market value properties that mean you can use this strategy with very little money down and create an asset that generates regular rental income for you. If you don’t know what strategy to start with Shaz recommends you go with BRR, because it works well again and again. KEY TAKEAWAYS Buy a property – preferably below market value Refurbish and redevelop it Rent it out and create regular rental income It can be worth going bigger because a block of units requires the same amount of work as a single property It’s a cookie-cutter model that you can continually repeat This model doesn’t need a lot of money to get started If you do it well you will be creating assets and regular rental income If you don’t know where to start, start with BRR BEST MOMENTS ‘You could take bridging finance to buy and to refurbish the property’ ‘A small builder can manage a single property refurbishment for you’ ‘It’s a popular strategy because it works really well’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

HMRC is entitled to ask for reasonably required information, but the definition of reasonable is not always easy to define. Shaz shares invaluable information about the do’s and don’ts when HMRC want to set up a tax enquiry meeting. It can be easy to think you need to give everything that’s asked for but Shaz explains why this isn’t the case and some of the reasons behind why they are requesting particular information along with what you can do to make sure any information shared is reasonably required. KEY TAKEAWAYS When they ask for information always ask is this reasonably required?’ Ask for them to justify why they think it’s reasonably required Having opened an enquiry they often request a meeting but there is no requirement for you to meet with them. Request a detailed agenda and timings if you choose to attend You can walk away from the meeting at any point if you don’t feel comfortable When they send the notes from the meeting, you should think very carefully about signing them. You are under no obligation to sign and if signed they can use the information against you. They are not entitled to personal bank statements unless there is a particular discrepancy and they need to justify this At the end of an enquiry ask them to confirm that you have claimed everything. If they impose a penalty you should negotiate because you can often lower it. BEST MOMENTS ‘Don’t give them everything and anything they ask for’ ‘You can choose not to meet with them and still be cooperating’ ‘Sometimes they are just trying it on’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz takes us through a development he is currently working on and explains the factors that need to be thought about when you are looking to purchase land and how having planning in place can potentially affect the outcome. This is a great overview of the really crucial elements that must be thought about when you are buying land, get it right and the returns are definitely worth it. KEY TAKEAWAYS Location determines everything and can help you to determine what the likely sales proceeds are per square foot The location plays a role in the outcome you will get and the amount of money you will need to spend Know who your customer is to make sure there is the demand or the property you are building Work on a minimum 20% return It can be easier if you purchase land with outline planning in place You can apply for a pre-application so you know if you will get planning With a scheme, you will need to consider the social housing required The planning process should take approximately 6 months If you keep the property as an appreciating asset, the rent provides a monthly income. BEST MOMENTS ‘The location can help you to determine what the likely sales proceeds are per square foot ‘If we sell the land with full planning we will have doubled our money, If we build it on we will quadruple our investment’ ‘I prefer to refinance and pull my money out but keep the properties’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares a succinct rundown of the updates in the budget that specifically affect property investors. This great informative content on income tax, capital gains tax, stamp duty and super deductions means that for the property investor this is a fantastic quick and easy overview of what is going to matter moving forward through 2021 and beyond. KEY TAKEAWAYS Capital gains tax was expected to increase but it remains at 28% and 18% for residential gains and 20% and 10% for non-residential gains. As expected the rates of income tax and NI have been held for 2021 -2022 If you hold property in a limited company and you make gains then you are subject to corporation tax at 19% but this will be increasing in 2023 to 20% From 2023 it will be important to plan the timing of the disposal of property for capital gains purposes Stamp duty has been extended until June 2021 the lower rate of SDLT won’t return to its level of £125,000 until October but the tax on additional property of 3% will still apply Property between 500,001 up to million pounds will incur tax payments of 3,700 each year Super deduction for capital allowances will be up to 130% BEST MOMENTS ‘The stamp duty holiday was extended until the end of June’ ‘It’s good news overall for property investors’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Deal sourcing is a great business that requires no money down and can be the way to build up your own property investments and earn income packaging up deals for other property investors Shaz explains the role of a deal sourcer and the value to the property investor of working with a deal packager along with what it takes to be a good deal packager. If you want to get started in property then deal packaging could be the role for you, listen in to find out more KEY TAKEAWAYS As an investor working with good deal sourcers is a fantastic way to do things Deal sourcers will usually charge a percentage of the value of the deal You don’t need much capital to get started as a deal sourcer it’s all about networking. You have to build a reputation and have good contacts Everything is done for you when you work with a deal sourcer You can be both as an investor and a deal sourcer Package deals well and you will attract investors who will want to work with you again. BEST MOMENTS ‘I have clients that do really well as deal packagers’ ‘Most of the deals I do come through deal packaging’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares the numbers every business owner should be tracking. These are the numbers that will make the difference to your business and how profitable it is. You need to understand what your gross profit margin is, the cost per lead, how much it will cost to convert a lead to a customer along with the lifetime value of your customer. When you have these numbers you know what’s working and what’s not so any changes are focused and about making the margins you want. KEY TAKEAWAYS You need to look at the gross profit margins for all your products Cost per lead is a very important number but many businesses don’t know what this number is. How much does it cost to acquire a customer? How much does it cost to move a lead to a customer? Workout the lifetime worth of a customer How much is a customer worth to you? What is the lifetime value of a customer? Look at every item you sell and work out the gross and net profit Can you afford to discount any products to bring customers through the door so you can then sell them other products? What do you want the average value per year to be for each customer? If you track the numbers your profits will go up BEST MOMENTS ‘What is the average value of each of your customers per year?’ ‘There are numbers you must track as a business owner’ ‘How can you extend the lifetime of a customer?’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares five more great tips on buying a business with all ten providing a good starting point for anyone looking to buy a business for the first time or considering buying another business. In the previous ‘Buying a Business’ episode, Shaz covered goals, knowing your limits, financing the purchase, sellers motives and having an understanding of the industry. Add the tips in this episode for a great list of the top ten tips you need to work through when buying any business. KEY TAKEAWAYS You need to have knowledge about the business and how it is performs Look at whether the business has been meeting its targets, costs and net profit Ideally, benchmark the business against competitors in the area Look at whether the business has good systems and processes Does it rely on the owner or does it operate well without them? A business that is systemised is worth more than one that isn’t If its heavily reliant on the owner a business isn’t worth as much and can be an opportunity for a discounted deal Be aware of all the liabilities of the company Be very clear on your plan, this will help with negotiation and having clarity may make you the preferred purchaser BEST MOMENTS ‘Looking at the balance sheet is crucial ‘ ‘Make sure you do your due diligence VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.