December 09, 2024

The Highs and Lows of Scaling a Property Business in Scotland with John Cox and John Morris

1 hour

In this episode of the Scottish Property Podcast, we’re joined by two seasoned property professionals, John Morris and John Cox. Together, they share candid insights into the highs and lows of building and scaling their respective businesses, managing teams, navigating market challenges, and finding balance between personal and professional life. Whether you're a property investor, developer, or entrepreneur, this episode is filled with practical advice and real-world stories to inspire your journey.

Episode Highlights:

Starting and Scaling Property Businesses:

John Morris shares how Prime Property Auctions scaled aggressively from a two-person attic operation to a 15-strong team in a city-centre office.

John Cox discusses Cox and Co’s evolution into a multi-service property business, offering lettings, estate agency, mortgages, and investment services.

Building Effective Teams:

Strategies for recruiting, retaining, and motivating staff, including commission structures and fostering collaboration.

How autonomy and a supportive team culture drive better results in the workplace.

Balancing Work and Life:

Both guests reflect on the challenges of maintaining work-life balance while running growing businesses.

The importance of setting boundaries, such as avoiding work calls on weekends and prioritising family moments.

Navigating the Scottish Property Market:

The impact of economic conditions, interest rates, and buyer behaviour on property sales and auctions.

Why some properties remain unsold and the strategies used to overcome these challenges.

Marketing and Networking:

The importance of leveraging social media and organic content to build brand presence.

How networking events and creating a personal brand contribute to long-term success.

Key Advice for Aspiring Entrepreneurs:

John Morris emphasises the importance of reinvesting in your business for growth.

John Cox highlights the value of building trust and relationships over time for sustainable success.

This episode offers an honest and inspiring look at the journey of scaling property businesses, with valuable lessons on teamwork, work-life balance, and navigating market challenges. Whether you’re just starting out or looking to grow your operations, the insights from John Morris and John Cox will help you make smarter decisions and build a sustainable business. Don’t miss this episode packed with practical tips and real-world experience!

Follow John Cox and Cox & Co:

www.linkedin.com/in/john-cox-coxandco-scotland/

www.instagram.com/coxandcoscotland

www.tiktok.com/@coxandco

www.facebook.com/CoxandCoScotland

Follow John Morris:

www.instagram.com/john_property_auctioneer

www.tiktok.com/@john_property_auctioneer

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Prime Property Auction: www.instagram.com/primepropertyauctions/

John: www.instagram.com/john_property_auctioneer/

Luis: www.instagram.com/luis_property_auctioneer/

Visit Prime Property Auction website: https://primepropertyauctions.co.uk/

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#scottishpropertypodcast #propertyinvestment #realestate #propertybusiness #businessgrowth #teammanagement #worklifebalance #propertyauctions #entrepreneurship #networkingevents #scottishhousing

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By Nick Ponty and Steven Clark

11 ratings