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137 Scaling Up: Strategies for Successful Growth
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Welcome to the last episode of this season, before I come back with Season 3 in the autumn. Until then, please revisit the catalogue of 137 episodes I released so far, and enjoy today’s interview with my fabulous guest, Ross McSkimming.
Ross and Sophie McSkimming live and work in Edinburgh. In the past five years, they have gone full time into property to find financial and time freedom. Their company Nichol Smith Investments sources, develops, flips and holds investment property in Edinburgh. Ross has grown and scaled their business from doing one property at a time to working on several simultaneously and having a pipeline of projects across the HMO, single let and flip business models. The McSkimmings have two young children and two dogs, and are therefore very careful about how they network and use their time.
In this episode, we talk about the importance of being strategic in order to scale up your business, setting long-term goals and adapting to market changes. Ross shares his insights about setting up a pipeline of projects, managing finances, building relationships with high net worth investors, how to maintain work-life balance, the value of mentorship and much more.
What is Covered:
-Why strategy is key for success in property investing and development
-How to adapt to market volatility with diversified strategies
-The importance of financial management for scaling up a property business
-How to create enjoyable and mutually beneficial relationships with investors
-What it means to define your avatar and how to find the right investors for your business
-How rapid changes in government legislations can impact your business
-The importance of building a reliable tradesmen team
-How to transition to a hands-off role and focus on high-value tasks for business growth
-Strategic use of social media to build social proof and visibility in the industry
-How to balance work and time off in a family business to maintain a healthy lifestyle
Resources:
-Book a 30-minute discovery call with me - the first step to finding the right way to help you succeed in property
-Nichol Smith Investments https://nicholsmithinvestments.com/
-Connect with Ross and Sophie McSkimming on Instagram https://www.instagram.com/nicholsmithinvestments/
-Episode 40 Sophie McSkimming - Flipping in Edinburgh https://player.captivate.fm/episode/1cb52e1b-12e8-48f8-b7b9-85d90211624a
-Download my Property Business Checklist - The key building blocks for a sound and successful business
-Check out my Website
-Let's connect! Send me a VoiceMail
-Connect with me on LinkedIn
-Find me on Instagram
Mentioned in this episode:
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