#019 -Live Interview with Sandeep

Welcome to another episode of the How to Raise Money Podcast. In today’s episode, your host Ray McLennan interviews mentee and serviced accommodation specialist Sandeep live! Understand how to navigate your journey to success and that for some it will be a simple and easy path, but for others, it will be a rocky road. Learn how to remain focused on building your own business and recognise potential joint venture opportunities that can help your current business, whilst also expanding and scaling. Ray and Sandeep discuss two exciting joint venture opportunities and how you too can succeed in property by offloading the tasks that you don’t need to be doing and gain clarity in your life and in business by knowing your vision and values. KEY TAKEAWAYS The purpose of a goldmine area is that it is accessible, and there is an infrastructure in place for it to be managed. Ensure you can create a yield and room for capital growth. To succeed, you need to be in this for the long run. There will be periods when your low and deflated, but by knowing your vision and values you will prevail through ‘the dip’. Guest satisfaction is critical to the success of your serviced accommodation business, return bookings will turn your business from 15% to 25%. Flood your business with staff now, and you will be ready for your business to grow. Don’t be fearful of growth. Leverage the tasks that are a poor use of your time and hire a VA Sandeep’s 70/20/10 Rule For Learning Development 70% - Regular property sourcing and long-term Rent-to-Rent agreements that will generate a monthly income. 20% - Networking and looking at larger acquisition opportunities such as hotel and 3*& 4* serviced accommodation units. 10% - Long view development opportunities, public speaking and writing a series of articles about local developments, whilst also drumming up stakeholder interest in serviced accommodation. BEST MOMENTS “Most activities rely on people quitting, so the people that stay in can reap the rewards.” “Property is a long game and your opportunities will come.” “You can always joint venture with someone, form a sense of community and be accountable together.” “Work on your business, not in your business.” “Get an emotional boost and connect with like-minded individuals by attending networking events and Angel Investor events.” VALUABLE RESOURCES The Dip - Seth Godin https://www.amazon.co.uk/Dip-extraordinary-benefits-knowing-stick/dp/0749928301 Angel Investor Events https://www.angelsden.com/en-gb/events/ ABOUT THE HOST Ray McLennan is a keynote public speaker and former corporate solicitor who has many years of experience owning and operating a variety of businesses in the UK and Ireland. Ray is the Regional Manager for Scotland & Ireland for Angels Den, which has over 13,500 high net worth Angel investors that help to find funding for property and SME businesses. Ray also helped to create Property Angels Den (PAD) in Sept 2014, which matches High Net Worth Investors with property proposals of all sizes. PAD now meets regularly and has funded dozens of property projects all over the UK. CONTACT METHOD [email protected] [email protected] Howtoraisemoney.co.uk GUEST CONTACT METHOD [email protected]