Soundbite: Q1 Sprint Goals Mini-Series Ep 1

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By Richard W J Brown from www.thepropertyvoice.net. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

We have just 6 weeks to go until the end of the first quarter of the year. So, I decided to mix it up a little with the podcast for that time-period with a mini-series around sprint goals for the quarter.

This week is very much an intro and scene-setting episode. Then, over each of the next six weeks, I plan to go public on what I am doing and how I am tackling these mini-goals.

I have some big goals to achieve this year and these break down into some milestones for the first quarter. These include growing my Property Assets Under Management (PAUM), property business acquisitions and several boom projects.

In order to achieve my goals, I will also need to pivot away from some of what I was doing and also dramatically increase the level of investment funds raised.

As I write this intro, I am almost tempted to dive into what Darren Hardy has encouraged in his Darren Daily share from this week…to triple our goal in a third of the time. Maybe that’s for next week…

You can follow along as a kind of fly on the wall, you can join in the conversation both on and offline or maybe you’re all stirred up and want to set your own sprint goals and join me along this journey?

Let’s see how this unfolds…it could be a disaster, or it could be amazing…let’s see!

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Transcription of the show

We have just 6 weeks to go until the end of the first quarter of the year. So, I decided to mix it up a little with the podcast for that time-period with a mini-series around sprint goals for the quarter.

This week is very much an intro and scene-setting episode. Then, over each of the next six weeks, I plan to go public on what I am doing and how I am tackling these mini goals.

I have some big goals to achieve this year and these break down into some milestones for the first quarter. These include growing my Property Assets Under Management (PAUM), property business acquisitions and several boom projects.

In order to achieve my goals, I will also need to pivot away from some of what I was doing and also dramatically increase the level of investment funds raised.

As I write this intro, I am almost tempted to dive into what Darren Hardy has encouraged in his Darren Daily share from this week…to triple our goal in a third of the time. Maybe that’s for next week…

You can follow along as a kind of fly on the wall, you can join in the conversation both on and offline or maybe you’re all stirred up and want to set your own sprint goals and join me along this journey?

Let’s see how this unfolds…it could be a disaster, or it could be amazing…let’s see!

Property Chatter

Welcome to the property voice podcast helping you to navigate safely through the world of property investing, get the lowdown and updates, insights and outcomes on all matters property with a splash of entertainment along the way, the property voice, a voice to trust among the crowd. Now, let’s get started with your host, Richard Brown.

Hello, welcome to another episode of the property voice podcast. My name is Richard Brown. And as always, it’s a pleasure to have you join me again on the show today. Well, I’ve decided I’m going to do something a little bit different. For the next few weeks, we’ve basically got around about six weeks, something like that until the end of q1 the first quarter of the year. And I’ve been really thinking about what’s on my plate to be quite honest with you, I set myself some pretty challenging goals at the start of the year, I’m also going through something of a pivot in terms of the focus and direction that I’m looking to take. And there are various other bits and pieces going on in the background, which just, you know, filling my time filling my mind filling my day. So what I thought I’d do is, for the next few weeks is just share with you some of what I’m up to really, as I’m going to go on this sprint for the remainder of q1. And I’m going to, you know, just talk you through some of the things I’ve been up to don’t start by telling you what I’m aiming to achieve today. And then each week, I’m going to give you a bit of an update. And maybe that’s gonna encourage you to take on something similar. Maybe you want to tackle, you know, your own goals in a similar format and go on a sprint with me, drop me a line if that’s the case, but what I thought I’d do is I’ll see as time goes by and get involved in various things that you’re going to hear about, I’ll share with you basically what’s happening, give you a bit of an insight, some headlines into that kind of thing.

So what are the big things that, you know, I’ve got my place if you like so they break down into a couple of distinct areas? So fundamentally, they break down into my portfolio or property assets under management, if I can say that. So the portfolio side the property assets under management, my sort of rental portfolio, that’s one big area, one I’m focusing in on, excuse me, the second one is acquisition and growth. And that really is looking at property agency businesses primarily lettings, but not exclusively. They’ll also look at sales agencies and twists on sales agencies that could include packaging businesses, for example, brokerage-type businesses. So yeah, we’re looking to mean a business partner looking to grow that model this year. And I’ll tell you about where we’re at with that in a second. That’s the second biggest area, so the acquisition strategy. And then the third area really is around my content sharing. And my main goal in certainly in q1 is that the reason I’m laughing, is I’ve actually sat down and given myself the challenge of writing three books. This year one, I’m going to co-write with someone else, but essentially three books during the course of the year.

So I’m really gonna go for it in terms of content and the book is going to be my focus. Obviously, I’m talking to you on the podcast, I do write for YPN magazine, there’ll be other ways in which I share my content. But the real driver, the real, the real focus is my books. And in the first quarter, just to pick up on that one. I’m not sure if I’m actually going to finish my first book by the end of q1, but I intend to write 50,000 words by the end of q1. And that’s a property financing book I mentioned, I think last week or even the week before, but I’m writing a book on property financing, and it’s going to be a book on property financing that you probably wouldn’t see anywhere else. So it’s not just gonna be talking about Bystolic mortgages and things like that. In other words, so 50,000 words are my goal. For q1, I should really know where I’m at today. But I can’t tell you that. I know that I’m probably written about six chapters, and on average, about three or 4000 words. So there you go, we’re about 18 to 20,000 words, and we’re about half just over halfway through the quarter. So I’ve got to pick up the speed a little bit to get to 50,000 words, but I didn’t start straight away, in fact, only started in February. So I’ve done doing pretty well. So that’s the book goal. Now in terms of the property assets under management. I set myself a goal for the year, quite challenging what really to reflect it to increase that by 40%, which sounds like a big old number.

I’m going to talk in percentage terms rather than value terms, but if you’ve seen any of my content, you probably kind of know that The value is welcome as well say, Actually, I’m looking to grow that to about 12 million property assets under management, it’s about eight and a half at the moment. So that’s what I’m trying to do during the year. But during the q1, I’ve set myself a modest goal of 5%, you know, takes a bit of, you know, getting off the, how do I get getting off Ground Zero takes some effort, that’s what I’m trying to say.

So I set myself on what is the goal of increasing it by about 5%. So that’s, that’s very, probably very, very achievable with a little stretch target of 10%. So maybe around about 8580 850,000. That’s right. 400 to 850,000 is the goal for q1. And because I’m pivoting, that is probably going to be in the form of either a portfolio or a block of some description. And so we’re looking at a number of different blocks and portfolio acquisitions at the moment, we’re trying to get them you know, the right type of thing, don’t really want development projects, we’re looking for completed, units rented out, probably don’t mind doing refurbishment, or, you know, doing some minor fixing, but not certainly not major development. And that’s actually my biggest pivot. So, at the same time was ramping up and the blocks and the portfolios, acquisitions, and we’re looking at a number of them at the moment, as I mentioned, they haven’t actually secured any yet got a, you know, close to one. Recently, I think I talked about that when it talks about having conversations with property owners, but we’re having a few conversations. So that’s really good. But at the same time, I’ve got my development projects, I’ve got six development projects still, and I’m trying to exit three of those, I don’t think I’ll exit or three by the end of the quarter. But I should be well on the way. And so as we move into q2, I’ll be down to three. And then we’ll start to migrate down if you like in the terms of the actual development projects and migrate up in terms of the blocks and portfolios. And one of the key components to enable this is what I call, I’ll call it PFR, which is private financing raised.

So I’ve raised about 5 million-ish, just over 5 million in private financing today. But what I realized I was chatting about this, to some of my mastermind group recently, that 5 million that I just spoke about was really raised over the last five years. So it wasn’t exactly a million a year, but it’s you know, it’s 5 million over five years, and some of that’s been recycled. So what I realized, is to grow the property assets under management, by about four or 5 million this year, I’m gonna have to raise roughly the same again. In other words, roughly the same 5 million, but in one year, instead of what I’ve done over the last five years. So this is a real step up it does, it isn’t exactly 5 million, but it’s a nice number to focus on, isn’t it. And so, and if that actually kind of is because I need some money for the acquisitions, and I need some money for the portfolio, the business acquisitions that is, and I need some money for the portfolio and the blocks acquisitions too. And, you know, this isn’t because I’m greedy necessarily. This is because really, this is all part of my legacy goal, my lifetime goal, or what I like to call my Sunday goal. And that’s the I’m looking to achieve a foundation, I’m going to call it the Health Foundation. I don’t know if I really call it that. But the moment that means something to me helped means, you know, supporting causes such as housing, entrepreneurship, learning, and poverty, obviously, spells help makes it easy to remember as well. And so that’s what, that’s what I’m really, you know, decided to set my whole purpose and direction around now is to build this foundation. So we as a family are going to have what we need ultimately. And, you know, once he hits a certain trigger and stays there, anything else above that is going to go to the foundation, and then it’s going to be something that we’re going to pledge and leave on to other people.

So very excited about that. And so the growth and a step genuine growth is really all about achieving that aim. So that’s what we’re looking to do. So that’s the sort of property assets on the management side, you know, wind down, some of the developments wind up some of the blocks and portfolios, at the same time get much more active in terms of raising capital, private financing for both the business acquisition and also the portfolio and block acquisition. So that kind of sets the scene there a little bit. And what am I missing? talks about the book talk about the portfolio and I’ve talked about the business acquisition. So yeah, they’re the main things that we’re going to be working on. And I say we because I’m not doing this in isolation isn’t just me. I’m working with a business partner, particularly on the portfolio on the block side of Got my own team on the development side. And as far as the books concerned, I’ve got people around me who are helping me. And that’s a great, great thing to do. So I think this is the main essence of what I wanted to share with you. And I’ll probably be a book just to give you an insight. We’re looking at blocks and portfolios, somewhere between six and 20 units. Typically, whilst I’ve looked at some, I mean, I must admit, I was looking at this one fantastic block in, in London, in West London, it was like, I think the evaluation of just shy of 10 million. That’s kind of a bit Toppy for us right now. And so we’re looking typically, in the roughly 750, to about 3 million types of price point. That’s the sort of range, I think we’re kind of looking at doing, taken on board. So if if you’ve got something like that, let us know. If you’re a returning landlord, and you want you’d like to get out of your portfolio, your block, let us know, and let’s see what we can do. And then, you know, that’s that side of things, the, on the business side of things, as I mentioned, trying to find acquisitions with letting agencies in primarily, and potentially estate agencies and other kinds of property-related agency businesses. And I’m really, we’re just gonna, we’re just gonna build a few of those together. And so if you’ve got one of those, and you’re perhaps looking to exit, again, give us a shout. And I guess the other thing is one of my big tasks, actually, and one of the reasons why I want to do a sprint and not so so long episodes, really with the podcast you’re going to get used to that, hopefully, is that I want to write an investment memorandum, in fact, two investment memorandums, one for the business acquisition, goal, one for the portfolio and block acquisition goal. And because we’re going to need to raise some funding, and need to up the game in that respect. When I say up my game, obviously, 5 billion in the last five years is doing okay. But if I want to raise around about 5 billion this year, you know, it’s going to be a different sort of level, certainly different quantum that we’re going to go for. So if that’s also something of interest to you choose to find out more and understand what it’s about. And not just to, you know, kind of kick the tires as it were. I’m happy to hear from you on that, too. So there we go. I think in terms of the book, there’s not a lot you can do just watch this space. Really. I don’t know if you follow me on social media, by the way, but have a shout-out. If you’re not connected to me on Instagram. At the moment, then please do if you’re on Instagram, obviously. So look me up is the property voice on Instagram, I’m just trying to grow that profile at the moment. That’s the first place I’m sharing information at the moment, in it’s quite visual with graphics and with video, for example, could do with sharing more than I am. But I’d love to have you join me.

So just reach out and connect on Instagram, just trying to grow that following. But you know, in terms of the content, I’m sharing my book progress every weekend, now I’m writing roughly six hours a weekend, something like that. So I can get this book, this first book done, and I can move on to the next one. next quarter. That’s the intention. So there we go, I just thought I’d share that really, that’s what I’m up to, I need to focus quite heavily on what I’m doing. And so one of the things that I will change is this podcast really, so I probably won’t do as many in-depth, deep-dive types of sharing as perhaps you’d be used to Sorry about that, certainly for the next six weeks. But what I am hoping to do is to make this sprint, you know, interesting, maybe you can hold me to account in terms of what I’m going to do, because hopefully, I’ve got something to say to you each week, in terms of what I’ve been up to and the progress that’s been made. But equally, what I’m hoping to do, actually, as a result of the share, he’s to give you something to latch on to yourself. Maybe it’s a bit of inspiration, maybe it’s a bit of encouragement, maybe it’s a bit of a kick up the backside, you know, to do something that you’ve always wanted to do yourself.

So making some big check big pledges, in terms of my activity level, my goals for this year, and thought was just going public with it really. And so let’s get some news, each and every week for the next week, six weeks, at least now. But there we go. So that’s that. I think the other thing I wanted to say before I close was I think we’ve got an extra place or two on the next cohort or intake for the property voice apprentice program, which is due to start in March, actually. So if that’s something you probably heard me talk about that if you haven’t, you can find information on the website, you can drop me an email, I’ll tell you all about it. But it’s an intensive program over a 100 day period. We’re looking to launch that in March, which is maybe four or five people know more and so If you’d like to hear about that, just look it up really, I’ll try and put some links in the show notes as to where you can find information. But you can always find me. In fact, that’s probably a cue to where can you find information where you can find the show notes over the website, the proxy voice.net. You can email me and I’ll see this message personally, podcast at thepropertyvoice.net And I’d be delighted to hear from you. So please reach out. But I guess in the meantime, all that remains to be said, and hopefully, you’re going to stay with me for the next six weeks as we do these shorts over the sprint period. But I just wanna say thanks very much for listening once again this week, and until next time on the property goals podcast.

Thank you for listening today. Now head over to thepropertyvoice.net. For more inspirational content, and get updates through our mailing list, join us next time on the property voice podcast and if you enjoyed the show, please don’t forget to rate us on iTunes.

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