I’m new to this forum although I’ve known about it for a couple of years, I’ve been too busy to join up – more fool me. But when David sent me the link to this string I read the first 15 pages then the last 10 I thought I’ll put in my bit as I feel I’ve got some experience, a tale to tell and an opportunity.
Reading this string in the main it all seems to be about adversity and how to overcome, there are a few pages where people were having a go at each other, which is a pity but nonetheless expected I guess. However it seemed to me that while there is a lot of talented people here there’s not one opportunity where we could all work together to benefit each other – I don’t know if I should have split the post to another area so I’m not going to mention the name of the opportunity (so I don’t get flamed) but the opp IS part of the story so feel free to let me know one way or the other.
BACKGROUND STUFF
Was a builder who got sick of running 50+ subbies every day of the week I turned my back on the whole thing and got involved in a UK home-improvement franchise. So I missed the boat on something “that should have been a piece of cake for me”, I had a relatively big building contractors, my Dad had done the same. Over the last 20 years I should have had a huge property portfolio!!
But BETTER LATE THAN NEVER here some of my story, I’ve cut out the travelled the world bit and tried to keep it relevant (hopefully) to this string, to what I’ve found in life + how I intend to make it happen FAST and how with the help of others, I’ll help people who want to do the same.
I could rattle on and wax lyrical about this and that but there are only 3 or 4 true things in life and that will help you to success in property:
1) You wont make money working for someone else: No matter how brilliant you are at your job, they will take all the credit, the profit, and the only thing you’ll receive in recompense ill be relative to what your boss/master thinks he/she can afford to give you by way of a pay rise!!
2) If you DO NOT take a chance, no I mean TAKE CHANCE(S), because the reality is you’ll probably fail, or at least think you have, a couple times along the way but dust yourself off and try again. Don’t listen to detractors, because if YOU don’t do it – its definitely not going to come looking for you!!
3) Build a team of good people around you: They’re like gold dust and when you find them, treat them well and keep them close to you.
4) My ultimate tip = LEVERAGE, create a vehicle to give you it!!
Funnily enough one thing I did do “that has proved to be a huge asset” was to create a web design company, but when I realised (YET AGAIN) I was creating successful businesses for others I decided enough-was-enough. I came back into the property market in 2005 and bought a couple of properties, then I decided to use my internet resources, my building experience, my franchising experience, and began to develop business concepts with strong brands that the public would "TRUST".
This is where what I’m suggesting is a little different; I “KNOW” I can, and will, build the personal property portfolio that I want. However I also know IF I BUILD A NATIONAL COMPANY with (a hundred other people) who want to be successful in property, working in their own areas building their own portfolios under a “Trusted Brand” we can ALL use that LEVERAGE (I agree with lesson 3 way-down-south) to get the REAL BMV DEALS that will financially benefit everyone involved.
MEMBERSHIP: I'm a member of several UK property and angel networks and I have built up a solid network of professional contacts in the world of informal capital that I know I can rely on. I meet/know and continue to meet, property people via various events.
EXPERTS? (I don't mind admitting it – YES I HAVE A PROBLEM WITH THIS WORD) There are way too many 'so-called' experts willing to cash in on the gullible/inexperienced, or just downright greedy. Well I’m going to say – shock horror; YOU DON’T NEED THEM!!!
THE SIMPLE TRUTH ABOUT PROPERTY? - You need a 'vehicle' for sourcing BMV props, you need a good bridging company, and you need a good broker who is a packager (and on those initial deals you might need someone to hold your hand).
NEW OPPORTUNITIES 2008: I am currently looking for partners/associates to JV with me in ***** ******. I want people who have complimentary skill-sets, who can help promote and market the business online, work with me to identify new sources, to actively play their part in what I believe will rapidly become the largest ethical BMV brand in the UK!
I’ll be launching the business on an Agency basis (not a franchise) it will follow a simple business model, and collectively by way of our own intranet/forums we will help each others individual businesses by offering ideas for mutual benefit – oh and the buy-in will be low. I have a lot of franchise experience and while it’s a recognised business model I personally feel they are generally overpriced, also franchisees normally have no experience and rely on and are very demanding of the franchiser (perhaps its something to do with the huge upfront fees, and the monthly charges, royalties etc) lol. I’m looking for motivated people who can follow and add-value to the business for the benefit of everyone involved
ACHIEVEMENTS ONLINE:
2004 Started and SOLD the UK's FIRST professional trades directory www.homepro.co.uk
2005 I got involved in the Bulgaria property market www.bgplg.com
2006 Developed Britains Got Talent before Simon Cowell decided to borrow the idea.
2007 I began to develop the whole ***** ****** concept, its taken me the entire year of investment in the brand, the site, the marketing, the business model to get it ready-to-launch.
2008 I will be involved "exclusively" in the sales and marketing (news/print/media) of ***** ******™
SATISFACTION: Outside of and (before) the world of property its my family and that's I am also involved with two environmental businesses tackling arguably the most important issue we all face - Global Warming - Because I want them to have a Future!
LIFESTYLE: Life is too short, you have to relax; and while most of us realise this, we all want to be as WELL-OFF as we can be, consequently we work too hard. My philosophy is "you can do both" business can be done anywhere providing you have the technology. You shouldn't have to sacrifice your lifestyle.
Am I a millionaire yet? – On paper just about.
Will I be in 2008 YES
Will other Local ****** be YES
Am I where I want to be – as yet NO.
** By the end of 2008 I hope to have built a brand known throughout the UK, in your town there will be around 20 estate agents and I don’t know how many BMV buyers, but there will only be (1) ***** ******.
CONCLUSION: Over the last few years I learned a lot about what works and what doesn't work regarding doing business online. However I (learn more every day from others) and I continue to build my network of like-minded people who can share ideas, capital and experience together for mutual advancement.
Now I’m getting involved in a market that (lets face it) hasn’t got the best press, there can be no doubt people in difficult positions are being take advantage of by a lot of people servicing this sector. However there is an outstanding business opportunity to be had and if I can get the right people following a simple company ethos in their local areas we can help change this while building profitable property portfolios and providing credible services.
I have a lot of respect for the SP site and the people on it and I believe that the experience I need is here. I’ve already ID’d some people whom I would like to help and I’m hoping that they’ll get in touch – Well I guess we’ll see.
I look forward to meeting up with 'new friends' and partners on SP anytime, anywhere.