In the second installment of the 'Start, Grow, and Scale Series', this episode focuses on the growth phase of developing a property business. Aimed at individuals expanding their portfolio from zero to five assets within two to four years, this episode covers the essentials of nurturing a legitimate and resilient business through this transformative period.
The key takeaways to expect from this episode of The BEESPACE Podcast:
Property as business - Recognising property development as a legitimate business is the key starting point to growing a successful portfolio
Experience sharing - Throughout the episode, as well as reflecting on her own business growth, Jade draws on her extensive experience working with other property developers at various stages.
Growing your team - Taking your business to the next level often means expanding your team. Jade discusses introducing vital roles like virtual assistants and operations managers for streamlining property management.
Systems and Processes - Jade talks about the need for creating communication, task management, and storage systems that enhance team efficiency and business operations.
Working with an external team - Preparing to work with external experts like brokers, solicitors, accountants, and more.
Branding and Marketing - Arguable one of Jade's favourite topics to discuss – creating a recognisable and authentic brand for your property business, and leveraging social media as a visual CV for potential private financing opportunities.
Navigating financial challenges - Jade gets real about addressing those inevitable financial issues and exploring private finance as a means to continue developing your portfolio.
Staying focused - The importance of remaining committed to your chosen strategy, avoiding distractions, and building a solid foundation for your property business.
Overcoming setbacks - Acknowledging the reality of facing challenges and setbacks during the growth period, and the value of a supportive community.
This episode offers valuable insight into growing a business proactively, rather than reactively - offering practical advice for team expansion, system implementation, and strategic planning. Highlighting the significance of recognising your venture as a legitimate business, it offers insights into effective communication, financial management, and the importance of branding.
Excited to hear more about our upcoming event 'The Start, Grow, Scale Meet-Up – For Women in Business & Property'? Sign up to our mailing list here 👉🏿 bit.ly/BEESPACE-SIGNUP 👈🏿 to get first access to tickets!
Interested in having Jade's on-hand support through this fast-paced stage of property development? Visit bee-space.co.uk to find out more about her mentorship programme.
