Saturday, August 12, 2017

Are you working in your business or on your business?

A good friend of mine, Jeff, used to run his own family restaurant working insane hours seven days a week. He was doing well, but he was tied to working in the business day and night. Jeff was great with the customers, and I was one them, in fact, he was the business. 

He then progressed to finding sites, opening up a restaurant and selling the business. This was better, but he had to keep finding new sites and restaurants to continue to make a living. 

Finally he is now progressed to working with backers and joint venture partners. His partners put up the money, Jeff found the sites and set up the restaurant.But instead of selling, they franchise the restaurant on a license agreement, which gives them immediate profit and a residual income. 

He and his partners are now taking the franchise concept to China, where new partners want to build a chain of restaurants. 

Nearly all the big high street restaurant chains are owned by banks or investment groups who just look at numbers and build up the chain until they can float or sell the group for millions. The owners never go near a kitchen and won't be seen serving food to customers. He is now moving to that level of business. 

Jeff has gone from being a 'one man band' running his own restaurant to a level where he will be building you chain of restaurants for investors. 

Where are you in your business journey?

You can relate the above example to property owners. There are around two million buy-to-let landlords and property investors in the UK. Most are hands-on landlords who are so busy dealing with the day-to-day management of their one or two properties that they will struggle to grow their business.

However, a select few investors like Mark Homer have built portfolios of over 700 hundred properties in just over a decade through joint venturing and scaling up their business. Like the restaurant investors, you won't find Mark dealing with tenants or unblocking a toilet. He is working on his business, not in it.

How did he do it? Mark Homer explains the strategies that have helped thousands of people buy property with none of their own money in a special report, Buy Property With None Of Your Own Money....

You can obtain the report free, by clicking here...

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