Join seasoned property experts John Morris, Managing Director of Prime Property Auctions, and John Cox, Managing Director of Cox & Co, as they delve into the intricacies of scaling property businesses. They share engaging anecdotes about team building and the vital strategies for recruitment and retention. Both guests reflect on achieving work-life balance amidst growing pressures. They also discuss the evolving Scottish property market and emphasize the importance of setting boundaries to prioritize family, revealing real challenges and triumphs from their journeys.
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Balancing Act Struggle
John Cox prioritizes primary school drop-off but often takes work calls until he's home.
He admits his work-life balance has worsened as his business grows, impacting family time.
volunteer_activism ADVICE
Prioritize Family Time
Prioritize family time, especially with young children, as those early years are precious.
The business will always be there, but childhood moments are fleeting.
volunteer_activism ADVICE
Retain Talent
Understand individual staff motivations beyond just money, such as wanting to contribute to something bigger.
Implement small gestures of appreciation, like bonuses for positive reviews, and offer autonomy.
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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
The Scottish Property Podcast