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July, 2008
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In This
Issue:
- A Note
from John: ~ Family holiday time!
- Feature
Article: Under Pressure?
- John
Recommends: Business Turnaround
**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
Welcome to this month's newsletter, which aims to give tips, advice, help and
information to those interested in the BMV Property Investing
Market. Whether you are a past, present or future client, we hope to
add a short burst of information, resources and energy to your inbox
once a month. We really appreciate
your feedback so do please keep it coming.
As the
school holidays draw near many of you will be off on holidays to
relax and rewind and I hope you have a great time. We have just come
back from our family holiday and had a wonderful time in the beautiful
Caribbean. Holidays are my main reading time in the year, (all self
improvement orientated of course), but I did something different
this year: I re-read some of my existing books instead of buying new
ones. Although I did miss the discovery and enjoyment of reading
something brand new, it was still an interesting and extremely
worthwhile thing to do. It was amazing the things I had missed or
that had taken on a new meaning since the first read, plus the
messages and beliefs that were reinforced the second time round.
Equally it was useful to benchmark the areas I had progressed in or
adopted the learnings from already.
As for my fix of 'new reading stuff' this was gleaned by
reading the back covers of the 10 novels Steph had brought along –
that was more than enough I can tell you!!!
Until next
month,
John
Feature Article
Under
Pressure?
As the
credit crunch bites, fixed rates come to an end, and cash flow dries
up, more and more investors are feeling the squeeze. Countless
investors I talk to are finding things tough with several even going
back to work full time, and only last week a high profile lead
provider was in the spotlight on the forums as his Ready Made Deal
partner went into liquidation. These things are never nice to hear
but will, I fear, become more commonplace in the months ahead.
Whether we are individually 'hurting' yet or not, this is a
wake up call to us all. It is all too easy to get complacent when
cash flow is rolling OK and the feel good factor of easy money is
around. But as they say, the only thing we can be certain of is
'change' and the successful people are those that are prepared
for and adapt to changing conditions.
If you are 'hurting' or feel that you will be shortly then
PLEASE make sure your head is not in the sand and take some action
NOW! I remember several years ago when I got made redundant again
and things got on top of me as it took me 8 months to find work. I
continually felt so overwhelmed and I will never forget the feeling
of instant relief when I faced up to the mess we were slipping into
and TOOK ACTION. It was an unbelievable feeling of the proverbial
weight being taken off of my shoulders and there was far more help
around than I ever imagined once I faced up to the fact that I
needed it – understanding listeners to talk to, experienced people
to advise and guide, clear sighted help from an independent
viewpoint who could see through the fog when I couldn’t.
As I have said many times in the past, property can be a lonely
business at the best of times but even more so if you are struggling
and not facing up to it. Confide in a partner, trusted friend or
mentor. Speak to your creditors as early as possible to put them in
the picture and gain their support and understanding. Look at all
possible income sources and brainstorm ways to raise capital or
generate extra income. Its incredible how resourceful we can all be
when we put our minds to it and it can be surprisingly good fun too.
It is also important to look at ways to reduce your outgoings to
help bridge the cash flow gap – both personally and in your
businesses.
On a brighter note its certainly not all doom and gloom out there
with many BMV bargains still to be had out there and more financing
options available. The biggest stumbling block is still the lenders
themselves but that is an issue we cannot control, and why those who
have looked after their cash reserves in anticipation of this market
will be doing the deals that others can’t.
John Recommends
NEW BMV
PROPERTY MAGAZINE
If you haven’t heard about it yet, July saw the launch of a brand
new magazine for Property Investors and its free. Issue one was
excellent and can be read online too. Subscribe now at
www.yourpropertynetwork.co.uk
BUSINESS TURNAROUND
Most of you know that I have a coaching background and recently
enhanced my skills in this area by qualifying as a MASTER
RESULTS COACH and MASTER NLP PRACTITIONER. What you may not
know is that I also have a very successful track record and a real
passion for turning poor performing teams and businesses around from
my time in corporate life and since.
I love
Property and it was the practical wealth vehicle for me to choose.
But helping others launch, grow and improve their businesses is my
number one passion. Following several requests to help property and
non-property businesses to improve their results, I have teamed up
with my accountant and well known expert in property circles, John
Goodinson, to do just that.
Whether you
need a one-off business and cash flow 'Health Check', or
results orientated coaching and support, we can help.
If you would like to find out how we could add value to your
business, large or small, brand new or established, sole trader or
business empire then please send an email with Business
Turnaround in the subject line to
john@thepropertyinvestorpa.com and feel free to include a brief
outline of where you are at.
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.
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