This week Gordon looks in detail at business models and plans. He takes us through step by step so that we can all create a one-page business model showing the different elements of our business – key partners, key activities, key costs and revenue streams along with

an efficient and optimised step by step business plan.

He also shares the importance of practising to improve the elements of any activity as he reflects on running in the Forest of Dean and mixing it up with other sports activities over the weekend.

 

KEY TAKEAWAYS

• You should have a business model and plan whatever your business.

Business Models

• Give you an overall strategy and direction - It can be easy to be distracted by other strategies resulting in the use of multiple parts of different strategies.
• It's difficult to be efficient and effective using elements of multiple strategies.
• It is recommended that you utilise 3 strategies splitting your time;

70% core strategy

20% second strategy

10% third strategy

• This ensures any risk is spread across those strategies.

Business Plans

• A business plan will bring structure and will allow you to break down each part of your process and optimise it.
• When the parts of each strategy are evident it is possible to determine what is required to make that process streamlined and optimised.
• A business plan will allow you to identify the areas that you can improve and those that may be blocking your business from growing.
• The more readable and concise your business plan the more effective it is as a working document.
• A business plan also provides a handbook that can be utilised by new employees
• As you are creating your business plan and think carefully about the steps you are planning and identify how it can be effective and efficient.
• Having a business plan and model is key for any business.

 

BEST MOMENTS

‘Why are you looking at anything else you should be prioritising and becoming competent at those strategies’

‘I know which parts of my process I need to work on at any one time’

‘If you are going through the process and streamlining then you are going to get value from it’

 

VALUABLE RESOURCES

The Property Entrepreneur Podcast

 

ABOUT THE HOST

Welcome to the Property Entrepreneur Podcast. We don’t know about you, but we’re fed up of being broke and relying on exchanging time for money working for others. Join Gordon Done on his journey to becoming a full-time property investor. You’ll get a no holds barred introduction to property entrepreneurship.

It doesn’t matter if you’re completely new to property or you’ve been working in property for years; we’ll give you the tools you need to create a mindset for success. We’ll help you avoid any mistakes we make along the way while giving you the blueprint to any successes we achieve.

Join us on our journey to becoming professional property investors and learn how you too can become financially free through property entrepreneurship.

 

“Financially free…Brick by Brick”

 

CONTACT METHOD

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