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Start With The End In Mind: Designing Your HMO Business For Long-Term Success
Manage episode 435370392 series 3416806
In this episode, we’ll talk about why it’s so important to start with the end in mind when building a property business.
Here’s what I do with every mentee: we sit down together to plan out their business and then work backward from that plan. I’m interested in what they want their business to look and feel like in the future, not just in terms of money but also in the freedom and flexibility it provides.
Too often, people begin building their property business without a clear vision. As a result, they might reach some financial goals but end up with a business that doesn’t give them the lifestyle they wanted.
I’ll explain why it’s crucial to design your business around your future goals. We’ll cover important factors like location, tenant types, cash flow and equity management, risk tolerance, legacy plans, and realistic timeframes—all while making sure you enjoy the process and keep a good work-life balance.
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Please leave us a quick review on Apple Podcasts or Spotify if you find this episode useful.
Got any questions? Ask us in The HMO Community Facebook Group or follow me on Instagram @andygraham.hmo for daily HMO tips and advice!
If you want to join my 1-2-1 mentoring program, you can enquire here.
New to HMOs? Join The HMO Roadmap on a premium plan and unlock our award-winning library of 400+ resources to help you start, scale and systemise your HMO business.
272 פרקים
Manage episode 435370392 series 3416806
In this episode, we’ll talk about why it’s so important to start with the end in mind when building a property business.
Here’s what I do with every mentee: we sit down together to plan out their business and then work backward from that plan. I’m interested in what they want their business to look and feel like in the future, not just in terms of money but also in the freedom and flexibility it provides.
Too often, people begin building their property business without a clear vision. As a result, they might reach some financial goals but end up with a business that doesn’t give them the lifestyle they wanted.
I’ll explain why it’s crucial to design your business around your future goals. We’ll cover important factors like location, tenant types, cash flow and equity management, risk tolerance, legacy plans, and realistic timeframes—all while making sure you enjoy the process and keep a good work-life balance.
-
Please leave us a quick review on Apple Podcasts or Spotify if you find this episode useful.
Got any questions? Ask us in The HMO Community Facebook Group or follow me on Instagram @andygraham.hmo for daily HMO tips and advice!
If you want to join my 1-2-1 mentoring program, you can enquire here.
New to HMOs? Join The HMO Roadmap on a premium plan and unlock our award-winning library of 400+ resources to help you start, scale and systemise your HMO business.
272 פרקים
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