Podcast Summary
Record number of new buy-to-let limited companies in 2020: 23% increase in new limited companies in 2020, indicating landlords' confidence in the property market despite pandemic
Despite the challenges of 2020, there was a record number of new buy-to-let limited companies set up among landlords. This number increased by 23% compared to 2019, making it the most in a single year since records began. The experts were surprised by this trend, as they didn't expect much activity in property investments during the year due to the pandemic. However, they speculate that those who continued investing might have been more professional and serious about their business, leading to the creation of new companies. Additionally, potential price increases towards the end of the year might have encouraged some investors to switch on and make moves. Overall, this trend is seen as a positive sign, indicating that landlords have more confidence in the property market than anticipated. Furthermore, the Property Podcast has launched a new podcast all about business, offering valuable insights and resources for property investors.
Rob and Rob's New Business Venture: 'Any Other Business': Rob and Rob, known for their property podcast, are starting a new business-focused podcast and YouTube series, offering raw insights into their entrepreneurial journey and lessons learned along the way.
Rob and Rob, the dynamic duo behind popular property podcast "Property Investing for Dummies," are branching out with a new business-focused podcast and YouTube series called "Any Other Business." This new venture will offer a raw, unfiltered look into their entrepreneurial journey, including past mistakes and current challenges as they start a new business. They aim to provide valuable insights and lessons learned along the way. The podcast and videos are available on various platforms, and they invite listeners to follow along for an exciting and potentially groundbreaking journey. The unique aspect of "Any Other Business" is its transparency, as most business content focuses on success stories rather than the gritty middle. Rob and Rob believe that sharing the hardships and failures is essential for learning and growth, and they're excited to bring this perspective to their audience.
Starting a business on a budget: Chris Guillebeau's book 'The $100 Startup' offers ideas for minimal-fund businesses, while Tropical MBA podcast provides practical advice for starting and growing a business with limited resources.
Starting a business doesn't require a large investment upfront. Chris Guillebeau's book "The $100 Startup" is a great resource for generating business ideas with minimal funds. The misconception that businesses require large amounts of capital to get started is pervasive, but most businesses can be started with little to no money. The key is having a strong business idea that can be validated and pre-sold to customers to cover expenses. Another valuable resource is the Tropical MBA podcast, which has inspired Rob and Ian for years. The hosts, Dan and Ian, provide practical advice for starting and growing a business, making it a must-listen for anyone looking to start a business with limited resources. Overall, the Property Podcast episode offers a wealth of information and resources for anyone looking to start a business, whether it's to supplement their property income or as a completely new venture.
Learning from the 'Smart Passive Income' podcast and resources like Google Workspace and Noah Kagan's 'Okay, Dork': The 'Smart Passive Income' podcast offers valuable insights for entrepreneurs, while Google Workspace and Noah Kagan's 'Okay, Dork' provide essential tools and resources for starting and growing a business.
The "Smart Passive Income" podcast, which focuses on location independent businesses, is an invaluable resource for entrepreneurs, even for those who aren't location independent themselves. The podcast covers a wide range of topics, from getting started to managing first employees, and has provided countless business tips, tricks, and ideas over the years. Google Workspace, formerly known as G Suite, is a recommended tool for getting started with a business, offering essential services like email, calendar, and storage at a low cost. Another valuable resource is Noah Kagan's blog and YouTube channel, "Okay, Dork," which offers unique marketing insights and quick experiments to validate business and marketing ideas. Both Google Workspace and Noah Kagan's resources have been instrumental in the growth of the speaker's business, and they highly recommend checking them out for entrepreneurs in the early stages of their business journey.
Learning marketing from podcasts and outsourcing tasks on Fiverr: Entrepreneurs can expand marketing knowledge via Digital Marketer podcast and outsource tasks on Fiverr, while committing fully to marketing strategies before evaluating their success and focusing on 12 key sales strategies from Chet Holmes' book.
The Digital Marketer podcast and Fiverr.com are valuable resources for entrepreneurs looking to expand their marketing knowledge and outsource tasks respectively. The Digital Marketer podcast offers a wide range of marketing topics, making it an efficient way to learn. Fiverr.com, on the other hand, is a marketplace for hiring freelancers to complete various tasks, allowing businesses to get help with administrative and creative tasks without the long-term commitment of hiring a full-time employee. Moreover, the podcast emphasizes the importance of fully committing to marketing and content ideas before evaluating their success. It's crucial to give new strategies enough time to prove themselves effective before abandoning them. Chet Holmes' book "The Ultimate Sales Machine" is another essential resource for entrepreneurs. This classic sales book, despite its lengthy title, provides 12 key strategies for businesses to focus on to boost sales. The book has stood the test of time and remains a valuable resource for entrepreneurs looking to improve their sales processes.
Understanding customer service and business culture through 'Delivering Happiness': Investing in the right resources and knowledge, like CRMs and customer service software, can significantly impact a business's success.
When it comes to running a successful business, there are essential tools and resources to help manage various functions, including sales and customer service. One must-read book for understanding customer service philosophies and creating a great business culture is "Delivering Happiness" by Tony Hsieh. For starting businesses, a simple and affordable CRM like Pipedrive or Trello can help manage sales without being overly complicated. As businesses grow, more sophisticated tools like Zendesk or Help Scout may be necessary for managing customer service inquiries. Overall, investing in the right resources and knowledge can significantly impact a business's success.
Investing in the right tools and resources for customer support, team building, and finance: Use Help Scout for managing customer interactions, Patty McCord's book for strong teams, Upwork for contractors, and Jim Collins' book for financial growth.
Building a successful business involves investing in the right tools, people, and resources. For customer support, tools like Help Scout provide effective solutions for managing customer interactions and queries. For team building, Patty McCord's book "Powerful" offers valuable insights on hiring and building a strong team, while Upwork is a useful platform for finding contractors for more complex tasks before making a full-time hire. In finance, the book "Good to Great" by Jim Collins is a game-changer for understanding the financial aspects of growing a business. These resources, along with a focus on hiring great people, are essential for delivering a high-quality service and product to customers.
A guide to financial literacy and effective business operations: The Ultimate Blueprint offers insights on financial reporting and principles, practical tools for managing finances with Xero and Starling, and the Rockefeller Habits template for efficient team and process management.
"The Ultimate Blueprint for Insanely Successful Business" is a valuable resource for entrepreneurs looking to improve their financial literacy and business operations. While the title may not explicitly mention finance, the book's focus is primarily on this subject, emphasizing the importance of having a solid understanding of financial reporting and principles. The book is beneficial for businesses of all sizes, from startups to more advanced operations, as it provides practical insights and tools to help manage finances effectively. One recommended software for small businesses is Xero, a cloud-based bookkeeping and accounting tool, while Starling is a mobile-based bank option for smaller businesses that want to avoid the complexities of traditional banks. In terms of operations, the Rockefeller Habits book offers a template for organizing and managing teams and processes, making it essential for businesses looking to grow efficiently. Overall, these books provide common-sense insights and practical tools to help businesses succeed financially and operationally.
Early implementation of systems and processes benefits small businesses: Implementing tools and resources like Trello early on can help manage various business aspects and learn from mistakes, ultimately contributing to success
Implementing business systems and processes early on can significantly benefit small businesses, even before reaching a large scale. The books "E-Myth Revisited" and "Traction" provide valuable insights into this, offering different approaches but essentially advocating for a systematic way of running a business. A free tool like Trello can also help manage various aspects of a business, from sales and marketing to project management. The key is to start using these tools and resources, make mistakes, and learn from them, as business success often comes from making and overcoming mistakes. The best time in history to start a business is now, with abundant information and tools available, but remember, business is ultimately about failing and learning from those failures. The Any Other Business Show aims to share this often overlooked aspect of entrepreneurship, so be sure to subscribe and tune in.
Asking for listener support for a new project: Listeners' support helped The Property Podcast succeed. Now, the creators need it again for a new project expanding beyond property to business. Share it with others if not for you.
The success of The Property Podcast is largely due to the support and endorsement of its listeners. The creators are asking for the same level of support for their new project, which aims to expand their content beyond property to business. They emphasize that even if the new project isn't for everyone, simply sharing it with others would be a huge help. They express their gratitude for the listeners' loyalty over the years and look forward to continuing to provide valuable content for The Property Podcast while also exploring new topics. They assure listeners that their commitment to The Property Podcast remains strong and that new episodes will continue to be released regularly. So, if you've enjoyed The Property Podcast, please consider supporting the new project by subscribing, listening, and sharing it with others.
