In This Issue:

- A Note from John:  Is Your Ship Leaking More Than You Wish To Admit?

**TIP** There is a lot of info in this edition so if your emails are in basic text version you will find it easier to read the newsletter online by clicking here.
 

A Note From John

Hello!

And welcome to a slightly different Property Investor PA newsletter!

There is so much going on at the moment that for this month I thought it would be good to shake things up and have a change. So instead of just one newsletter with a generic feature for the month, each week I am going to share something I am up to with you and hope you enjoy the change and the content.

<<<<Plugging The Leaking Ship>>>>

I can’t tell you how much I am enjoying working with several business owners at the moment who either want to move their business to the next level or are simply struggling to make things work. Some are property investors, some are in other businesses, and some are entrepreneurs with property as part of their strategy. You will not be surprised when I tell you that one of the common problems facing all of them is the issue of cash flow.

In theory it’s not rocket science of course. There are 3 simple but important steps in addressing cash flow:

1. Saving Money… on things you don’t need
2. Value For Money… on things you do need
3. Making More Money… to pay for the things you do need and live life

However, what I have noticed is that they are all so focused on step 3 that they tend to overlook the significant difference to the bottom line that can be achieved by giving more than a cursory glance at the outgoings column of both their business and personal finances.

It’s easy to criticize of course but when you are wearing so many hats in running your own small business, you have to focus on bringing home the bacon. The harsh truth is that sitting down properly to really challenge yourself on every penny going out is a luxury step that few actually get round to. Of course it is harder to justify spend, and not taking action to reduce it, to someone independent than it is to yourself!

Despite saying he had already saved all he could, I asked one recent client to humour me whilst we had another look. Incredibly we managed to trim almost £500 per month off his outgoings by looking properly at steps 1 and 2 above. Unneeded expenses can be things like unwatched TV packages, unread magazine subscriptions, unused gym memberships, unnecessary IT costs etc. etc. Improved value for money can be achieved by examining processes, redefining strategies, reviewing marketing spend, and improved tax planning.

I am looking to cover the subject of cash flow as part of a forthcoming teleconference in conjunction with my friend and fellow investor and NLP Practitioner Trushant ‘Tee’ Bodani.

<<<<And Making It Waterproof Again>>>>

As a trained facilitator, one of the few things I miss doing in corporate life is facilitating workshops. This is probably why I find working with individuals to move their business forward so rewarding. Steps 1 and 2 above are a necessary slog but the enjoyable part starts when we move to step 3 and start brainstorming different ways to increase income using an individual’s unique mix of skills, training and experience. This is where some real light bulb moments can come, linked not only to practical ways of leveraging their time and skills, but also their passions – doing something you enjoy and believe in is good; being able to go a step further and monetize it is amazing!

It is my belief that in the modern world it is imperative for the self-employed to look at more than one income stream – if not to build and reach your financial and lifestyle goals, then at least to protect what you have already built up. Were it not for adopting this approach over a year ago I would probably be faced with considering a J.O.B myself – now there’s a scary thought! LOL

If you think I might be able to help you with your business then you can find out more by going to the news section of my website at www.thepropertyinvestorpa.com/news.html
 

Cheers

John

About The Property Investor PA

www.ThePropertyInvestorPA.com is a dedicated UK support service for Below Market Value Property Investors. Established in 2006, we specialize in helping you with the time consuming parts of your property business – leaving YOU to get on with doing the deals and running the business. Visit our website to read case studies and testimonials plus download our free brochure.