The Property Podcast AOB: 1 critical thing every business needs (and how we built ours)
Oct 4, 2024
Discover the concept of a business moat and why it’s vital for long-term success. The hosts share how they built theirs behind a thriving £100m property enterprise. Learn about the power of trust and reputation in establishing strong customer relationships. They highlight unique strategies for maintaining competitive advantages and adapting to market changes. This insight is particularly valuable for newcomers in the property market, showcasing the years of effort needed to cultivate essential connections.
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Business Moats
- A business moat is a durable competitive advantage that sets a business apart.
- It provides long-term staying power, like Coca-Cola's brand recognition or Walmart's cost advantage.
Property Hub Invest's Moat
- Property Hub Invest's moat is its strong relationships with developers, built over 14 years.
- This allows them to negotiate exclusive deals and offer unique investment opportunities to customers.
Building a Moat
- Build a moat gradually by consistently delivering value and nurturing relationships.
- Don't focus on a moat initially; focus on building a successful business first.