This episode is a follow-up to last Thursday´s toolbox episode in which Alex and Pooh discussed overcoming some of the struggles and challenges entrepreneurs face. Today, Alex dives a little deeper into the subject and shares the top things you can do to improve the chances of business success.

He looks at building resilience, being adaptable, self-discipline, pursuing a clear vision, developing decision-making and problem-solving skills, communicating clearly, financial literacy and more.

KEY TAKEAWAYS

• Resilience is crucial – without it you end up becoming discouraged, losing sight of your business purpose, and losing your passion.
• The business world and your market are constantly changing, so you need to be adaptable.
• Emotional intelligence is important. It is what enables you to manage your emotions and to some extent those of others.
• Things are always going to go wrong. It is a fact that nobody can avoid so developing the ability to handle problems well is crucial.
• Without financial literacy it is impossible to know how well your business is doing and spot things like cashflow issues early so that you can get ahead of the problem.
• If you are not good at finances, work with or employ someone who is.
• Developing a strong mindset is essential, all successful entrepreneurs are constantly working to improve their mindset.

BEST MOMENTS

"We can never guarantee success, but we can build some really solid foundations into our mindset."

"Discipline is pretty much the backbone of success."

"High emotional intelligence allows you to lead with empathy ."

"Financial literacy is non-negotiable. It ensures that you can make informed decisions that support the long-term health of the business. "

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

For this episode, Alex is joined by Sarah Poynton Ryan a property investor, best-selling author, and the founder of Money Mechanics which helps ordinary people to start investing with as little as £10. She is also the founder of Cognito Wealth UK. Sarah and her team provide a 12-step CPD-accredited process that results in business success.

Sarah has founded and sold a photo booth business and has successfully used numerous property models. She understands the nitty-gritty of running a business and guides people through each step in detail, providing practical and up-to-date advice. During the episode, Sarah also shares the ins and outs of her entrepreneurial journey providing you with on-point business advice in the process of doing so.

KEY TAKEAWAYS

• Be prepared for hard work. Usually, it takes years to build a business.
• Running a business is an ongoing learning process, every day brings a new challenge or task that you have to conquer. That is why having someone who has already done it to turn to for advice is invaluable.
• Money alone is not enough to make you happy. Relationships matter more.
• Work-life balance is critical. You have to take your life partner and kids with you. Communication is key.
• Documenting your progress and sharing it on social media makes networking much, much easier, which in turn makes it easier to find finance, people to work with and clients.
• Be your authentic self, keeping up a fake version of yourself is exhausting.
• If you have £10 you can invest and make money.
• Be bolder, stop thinking about things for too long.
• Everyone has bad days. Having a strong why will keep you going.

BEST MOMENTS

"There is a difference between good debt and bad debt."

"Try and tune into who you want to be and try not to show up as anything other than that."

“I think I aspired to things that other people had told me was success, and actually, I'd forgotten about what success meant to me.”

“Surround yourself with people who support you…be careful of people who don´t cheer you on when you're doing well.”

EPISODE RESOURCES

https://www.cogito-wealth.co.uk

https://www.sarahpoynton.com

https://www.cogito-wealth.co.uk/

Stock Savvy - https://www.facebook.com/groups/iamamoneymechanic/

Money Mechanics book - https://www.amazon.co.uk/Money-Mechanics-Engineer-Investing-Secrets/dp/191577120X/

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

For this episode, Alex and Pooh talk about the realities of being in business, which, regardless of where you are in your journey is tough. They focus in on how to get through the tough days, those times when things don´t work out and you start to feel that you are heading in the wrong direction.

If you want to know how to maintain motivation and momentum this is the episode for you.

KEY TAKEAWAYS

• If your reason for being self-employed is not strong enough, at some point, you are going to give up and go back to working for someone else.

• Regularly remind yourself why you have chosen to be an entrepreneur.
• When you initially start you are full of enthusiasm and energy. Your tank is full but keeping it that way is not easy.
• Try to keep your life partner in the loop and on your side.
• If you have a business partner lean on each other. If not surround yourself with other entrepreneurs who are at your level or a little ahead of you.
• Exercise is important it keeps you healthy and perhaps more importantly gives you the chance to turn off.

BEST MOMENTS

"You get amazing days – you can conquer the world and the next day just pew."

"You are always on, you´re always thinking about something whether things are going good or whether things are going bad."

"If you hire a mentor, work with someone who´s living a life that you want to live."

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast

TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

For this episode, Alex is joined by Dr. Alex Koh the founder of the Buy Trigger Club where he teaches families to create wealth through trading. Today, Alex Koh focuses on talking about his experience of building social media content channels using bots to build out almost 100% passive side hustles.

Alex´s channels focus on how to trade stocks and shares. But this kind of side hustle is an ideal way for property developers to create another income stream.

KEY TAKEAWAYS

• Regardless of whether you are employed or run your own business you can benefit from having a side hustle.
• Building content channels is far easier when you use what you do in your day-to-day life.
• AI bots greatly speed up the rate at which you can create.
• If you want to stay ahead you need to learn and actively use AI. Now is the best time to do it. It is free and anyone can access and use AI, but that could change soon.
• Repurposing your content enables you to run multiple content channels.
• You do not need any expensive equipment, nor do you need to spend ages editing. You can film for 5 mins, watch it through and post it, which takes less than 20 mins.
• Produce shorts, right now they generate the most organic growth.
• Post across all 5 video platforms. The same video will bomb on some of the platforms yet go viral on one of them.
• Making money out of content creation is much harder than it was a few years ago.
• With content creation, you have to overdeliver and give out a lot of information for free, before you can sell people anything.
• Building an online presence is a great way to boost your brand and build a stronger business.
• Keep comments on, that´s what really drives the algorithm. Just ignore the trolls.

BEST MOMENTS

"Skill up, equip up."

“There's going to be other people out there who are like you and they will naturally gravitate to you.”

“We don´t have enough short-form vloggers.”

“To make money for a purpose, to help somebody else, that´s the end game.”

EPISODE RESOURCES

Dr. Alex Koh is the founder of Buy Trigger Club and a leading voice in family investment strategies on YouTube. With a focus on growth stocks and market trends, he empowers families to build wealth through disciplined investing.

Link
alexkoh.me

https://www.captions.ai/

HOST BIO

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

In this Q&A episode, Alex & Pooh explain how to secure your first Rent-to-Rent Serviced Accommodation deal in what is now a very busy marketplace. The answer is likely to surprise you because it is not a solution that is being taught in all those R2R courses.

KEY TAKEAWAYS

• Phoning agents and asking if they are interested in a corporate let no longer works well. Agents are flooded with these offers.
• Unless you have assets, substantial income, or a guarantor you are not going to pass the credit checks agents run before renting to people.
• Start with people who already know and trust you e.g. family and friends before taking the next step.
• Target buy to let landlords directly; Alex and Pooh tell you where to find them.
• The people you are speaking to will look you up, so build a profile online that shows you are a serious player.
• Do things face-to-face, dress smartly, get your business cards, hone your sales technique, and speak to the people who have what you want.
• Understand the problem the person you are speaking to has and how you can solve it for them.
• Educate yourself about the removal of section 21 and section 8 and leverage that knowledge when speaking to buy to let landlords and agents.

BEST MOMENTS

"Creating win-win scenarios between you and the agents is the way forward."

"You´ve got to get in front of landlords."

"If they trust you, they will do a deal with you."

"Understand the fundamental issues the person has and then help them to get rid of that pain."

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

For this wisdom-packed property education masterclass, Alex welcomes his biggest guest to date Mr John Howard one of the UK's most successful and influential commercial property investors. They discuss his property investment journey - how he went from working in his family's estate agency at 18 to building some of the UK's biggest commercial property developments. His latest one consists of over 150 apartments, and his next one is even bigger.

John keeps it real and talks about what you really need to be successful in today's property market. It´s a long episode, but you won´t regret listening to every word, the advice it contains is gold. Including, for example, how to get tenants who cannot pay the rent to willingly and happily leave your property without breaking any laws.

KEY TAKEAWAYS

• Be realistic, even very experienced developers have failures. But the tough times teach you the most.
• Property at its core is still a very simple business and natural entrepreneurs are good at it.
• If you are scared of failure, you will never make much money. But get the balance right, those who try to ignore reality lose money.
• Don´t be afraid of talking to agents, often you know a lot more about property than they do.
• Network and build rapport through talking to people in person. When you do, when they see a deal, it´s you they will call instead of someone else.
• People skills are huge. Push yourself to talk to people and build relationships.
• Mental health matters hugely. Protect yourself by switching off at the end of the day and giving yourself space to relax and think.
• If family members lend you money pay them the same interest you would anyone else. When you do, they will lend to you again.
• Buy below market value with enough head space so that the person you sell to can make a profit too.
• John shares a highly innovative, legal way to deal with tenants who can´t pay the rent.
• Treat investors with respect, but don´t get involved with them on a personal level and stick rigidly to your roles.

BEST MOMENTS

"My job is all about connecting with other people that I can do business with. It´s all about contacts."

“If you've got a property that you can't get vacant, it's worth 30% less than it is vacant, and you go from selling 100% of the market to 2% of the market.”

“If you say, Oh, we buy anything, you'll get nothing … Be very clear about what you want to do and how you want to do it.”

“Switch that bloody phone off at seven o'clock at night. You will feel freer, you'll feel more relaxed, and you'll be ready to switch it on at seven in the morning.”

EPISODE RESOURCES

https://www.johnhowardproperty.com/

https://www.youtube.com/@johnhoward3479

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

During this episode, Alex and Pooh answer a question from Jane in London. Jane has a new property ready to go, which has been decorated to a high standard and she is wondering if letting guests bring their pets with them is a good or a bad idea.

Alex and Pooh break down the pros and cons of offering pet-friendly accommodation and explain how to avoid some of the most common pitfalls.

https://airbnbconsultant.co/

KEY TAKEAWAYS

• If you are targeting the leisure market, letting people bring their pets can be a big draw.
• Relocation bookings are typically long and profitable and if you want to target this market being pet-friendly can give you an edge.
• Be realistic, there is a risk of damage, and not everybody is a responsible pet owner.
• Include a clear pet policy in your Terms and Conditions e.g. how many pets and the size or type of pets.
• Be clear about any extra pet-related fees.
• Check if your insurance covers pet damage and public liability for any accidents or incidents.
• Put in a robust checking and cleaning process to make sure the place is always pristine for the next guest.
• Finding out a bit more about the potential client and their pet will help you to make an informed decision. Alex and Pooh explain this in more detail, during the episode.

BEST MOMENTS

"The biggest question here is risk vs reward."

"Make an educated decision."

"You have to be realistic about it, there could potentially be a massive cleaning bill following every single turnover."

EPISODE RESOURCES

https://chargeautomation.com/

HOST BIO

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast

TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

Today, Alex is joined by Zac Ratcliffe who at the age of 27, along with his life partner Eve, has already built a huge 70-unit serviced accommodation business. Doing so despite only having moved from Australia to the UK in 2019. They started with the rent-to-rent model and later moved into property management.

Zac shares the details of their entrepreneurial journey. In the process providing you with great information you can use to do the same. He covers closing deals in a competitive market, staying focused, building mental resilience, networking even when you are time-poor, systemising your business and much more.

https://airbnbconsultant.co/

KEY TAKEAWAYS

• Rent to rent is low-cost and is still a highly effective way to gain financial freedom.
• Sourcing deals is a numbers game.
• Be yourself, and be honest, Vendors need to trust you. Often, 20 or 30 people will be chasing the property you want.
• Understand why you are building your business. You need to know what your end game is.
• Initially you will have to work long hours. But make sure, you structure your business, so that at some point you can step back.
• You need to have lifestyle, financial and time freedom. If you lose one of those things, there is no point in running your own business.
• Education is key. Invest in yourself. Take the best courses and get a mentor.
• Business success requires mental resilience, so take care of your mental health and consider hiring a performance coach.
• Take action. Doing is the best way to learn.
• If you have a business partner, decide who does what by taking advantage of each person´s strengths.
• Zac and Eve are life partners too, so Zac also talks about keeping the relationship strong despite work pressures.
• Be clear about how you are going to scale. When you already know what your next step is you set your business up wisely so that it can grow fast.
• Journaling and manifestation practices work, they make you laser-focused.
• One over-demanding landlord can negatively impact your whole business. Be picky about the properties you manage.
• Help landlords understand how to improve their properties.
• Hire people before you desperately need them.
• Give your manager the power to make all of the reversible decisions.
• Networking is huge. Documenting your journey and sharing it on social media is a fast way to improve your networking power.

BEST MOMENTS

"People underestimate how much they can get done in one year in property if they just change their mindset."

"Get in front of the vendor rather than use agents."

"There's no point having financial freedom if you don't have lifestyle freedom."

EPISODE RESOURCES

Website- stayright.co.uk

M: +447535144940

E: zac@stayright.co.uk

Insta: zac.ratcliffe

HOST BIO

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast

TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/