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106 Profit - The Tiny Word that Means Success in Property Business
Manage episode 407180955 series 3558587
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Profit is a very little word that can deliver a seriously life-changing experience. But it's also a word that some people have a real problem with. Some entrepreneurs and self-employed people do their best never to make profit, or they try very hard to lose it as quickly as they've made it. And sometimes those of us in property don't even realise what our profits are or where they come from. So in this episode, I’m going to dive deep into why knowing and understanding your profits at every step of your business is essential for your long-term wealth.
What is Covered:
-Why you tend to overlook where your property profits come from
-Tax evasion vs. tax avoidance
-Which parts of business must not be financed with borrowed money
-How to learn to read your bank accounts properly
-The hidden costs of networking and interest rates
-Business model tweaks that can fill your working capital pot
Get used to the idea that profit is a healthy sign of business. And you're in the business of property, so if you want to be able to enjoy a great lifestyle whilst you're building your financial freedom, then you need to become a business person, not just a property person. You need to know, like and grow your profit. It's one of the three P's that we all have to love - property, portfolios, and profit. The three P's are what make us ultimately successful and financially free.
Resources:
-Let's connect! Send me a VoiceMail
-Download my Property Business Checklist
-My website
-Find me on Instagram
Mentioned in this episode:
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