The Progressive Property Podcast

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Lethttps://bit.ly/BTLReport-POD Listen in to this episode to hear Mark Homer talk about his predications for 2022, where the market is going, what he thinks may happen and the impact this will have on business owners and property investors KEY TAKEAWAYS Smaller units and apartments have been selling slower in 2021 –vs- houses, especially in London. The North and satellite cities such as Peterborough have benefitted from this and have been ‘catching up’ with London. There have been a lot of discussions around inflation. Mark doesn’t believe there is going to be some massive spike of inflation into the double digits, he just doesn’t think this is likely to happen, most of what we is seeing is just a short term side effect of restrictions and lockdowns on supplies. Mark thinks that capital growth in 2022 will be higher on smaller units and apartments in cities than it will be on houses in rural areas, mostly due to the success the latter has found in 2021, everywhere else will be playing catch-up. Cryptocurrency has had another successful and strong year in 2021. Many people have used it as a speculative investment strategy as well as a way to store money. 2022 is likely to be a more turbulent year and many of the smaller cryptocurrencies will probably fail. Look for yield in 2022. Only invest in assets that are solid, will yield well and that you fully understand. BEST MOMENTS “I don’t need to tell you in 2021 house prices went up a lot” “My educated guess is that the equilibrium rate probably hasn’t changed that much” “Once you become the best, you beat the rest of the market and you end up making solid returns” VALUABLE RESOURCES https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. CONTACT METHOD Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressiveprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

In this episode of the Progressive Property Podcast we revisit episode 134 where Dan gives you the 5 essential things to consider when looking for a JV partner. Choosing your JV partner is NOT a child’s game, like pin the tail on the donkey or ring-around-the-rosy. There’s too much at stake when you don’t think carefully and you don’t have your guards up. Discover how you can thoroughly pick the best JV partner in your property business through Dan’s simple steps. There will always be one who’s very compatible with your knowledge, skills, and vision, so never settle!   KEY TAKEAWAYS  Work out the real reason you need a JV partner. Are you really in dire need? Or are you just lacking of self-belief? What business are you looking to bring your JV partner on? Make sure that your bringing in the right person. If you don’t want to do it alone, it’s worth considering also to have a mentor who can guide you. Having a JV partner might complicate the situation if you aren’t clear yet of your purpose.  What will each person’s role be? It’s best that you complement each other. Find someone who have the knowledge and skills that you lack. And, who will deal with the day to day issues? If you just want someone who will provide the funds, then being active with the operations is the least to worry about when looking for a JV partner.   Before any agreements, remember to make a list of things you need to agree upfront. A JV Partnership agreement must entail everything each of you must bring to the table. What does your JV partner want? Know what outcome are they looking forward to. Also prepare an exit plan just incase of unforeseen circumstances (e.g. breach of contract, critical illness, etc.)  If you’re looking for a joint venture in property, familiarize yourselves first with PS13/3 regulations. There are only a bunch of people you’re allowed to joint venture with, and PS13/3 has it detailed.  Don’t pick someone just like you. You are not looking for another you, you are looking for someone who can do what you can’t do. Consider taking the Wealth Dynamics Test to gauge if your personalities are compatible. You and your partner can be: a Creator, a Star, a Supporter, a Deal Maker, a Trader, an Accumulator, a Lord, or a Mechanic.  Don’t rush in to picking a JV partner. If you’re picking someone for the long term, test everything out first. It would be a waste of time to know that what you have hope for in the partnership won’t be fruitful. Be clear about their values, not just about the money, the skill, and the knowledge they can offer.  BEST MOMENTS  “Sometimes, people think they need a JV partner and they go into business with somebody when in hindsight, all they needed was to build some knowledge and gain some belief for themselves.”  “We have the end in mind before we even started, and that’s what’s really important.”  “You are not looking for the best mate to go out with, you are looking for a business partner who brings a different dynamic, a different skillset.”  “Pick the right person to grow the business.”  “It’s not a race; it’s a journey.”  “I made a lot of mistakes in property, but I made them before I got educated.”  VALUABLE RESOURCES  Progressive Property  PS13/3 Restrictions on the retail distribution of unregulated collective investment schemes (PDF)   Wealth Dynamics Test    ABOUT THE HOSTKevin McDonnell Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

In this episode of The Progressive Property Podcast, we revisit a previous episode, with entrepreneur and property investor Alfie Best. Learn how to grow your property business quickly, understand the benefits of getting an education and pick up great hints and tips along the way with Kevin and Alfie! KEY TAKEAWAYS  Property is a people business. One of the best gifts that you can be given is learning how to speak to everybody because you never know who's coming out from behind that door. It could be somebody 90, it could be somebody 15. They're from many different worlds. Learning how to speak to people on the spot is a massive education because it gives you the confidence to know how to speak to people.  How to grow your business quickly. Everybody has problems but your problems should not be an issue, your problems should be a learning experience and every issue that you come across makes you stronger for the next round. It's about going out for the fight, being fit for the fight, being fit for the purpose of the fight, and learning by your mistakes.  Education. Another thing you should do to grow your business rapidly is about knowing your business whether it is vehicles selling, whether it is property or whatever. Through education and learning how you should operate your business to reach optimum production of your company or business, you will always succeed in your businesses.  Self-belief that failure is not an option. This is something that should always be in you whether you are successful or not or whether you are rich or poor. Having this kind of spirit in you always keeps you going whenever the times get hard and be sure with this, you will always emerge at the top. We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from. We don't make mistakes unless we harp on them, what we do is we learn from them to not make that decision in that way again.   Be prepared to listen. There’s a reason we were given one mouth and two ears by God, this is so that you can listen more and do less talking. The more you listen the more you learn. This helps a lot because you get to learn more skills that you didn’t know from people by listening to them.  Ask if you are not sure of anything. Be prepared to take advice from people who have already achieved great success. Swallow your pride and ask, do not assume that you know everything which may cost you big in the future. If you want advice, don't ask the funeral or the undertaker how to arrange your wedding and don't go to the wedding exhibition expecting them to arrange a funeral, go to the right person to ask the right question, ask people that are within the industry.  When you're in a job that you love, do more than you're paid to do because you will be recognized for it and you will climb the ladder faster than anybody else in that company. Because people can see that you're somebody that is conscientious about what you're doing.  For you to achieve success in your personal and business life, you need to look at the company that you surround yourself with because if you surround yourself with people talking about football, you’ll talk about football, if you surround yourself with people talking about boxing, you’ll talk about boxing, if you surround yourself with people talking about business, you’ll talk about business, this is because we are all creatures of habit. Try to surround yourself with people that have the right habits.   BEST MOMENTS  “One of the best gifts that you can be given is learning how to speak to everybody.”  “Always learn through your mistakes.”  “Everybody makes mistakes, the two things you need to do is admit them and learn from them. People that can't admit them and people that can't learn from them will stay stagnant.”  “We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from.”  “You fail when you quit.”  “We don’t live long enough to make all of the mistakes ourselves, learn from others and life will be a lot shorter and a lot more enjoyable where your work is concerned.”  “A man with a plan will be a genius without a plan.”  “We are never ever too old to learn.”  “The only person that put somebody down is themselves.”  “Success is made up of good habits.”  “Believe in yourself and always listen to everybody but the advice you choose to take must be your decision.”  VALUABLE RESOURCES  Website: https://kevinmcdonnell.co.uk/   ABOUT THE GUEST  Alfie Best. He was working from the age of eight and with time, his entrepreneurial mind kicked in at an age of around 12 and 14. He got a 250 million pound plus empire in different types of property, mainly around stuff like Park homes, commercial buildings, and other assets across land developments, different stuff.   CONTACT METHOD  www.twitter.com/alfiebest33   ABOUT THE HOST  Kevin McDonnell  is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD  Facebook: https://www.facebook.com/kevinMcDonnellProperty/   Official website: https://kevinmcdonnell.co.uk/   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

There’s no need to quit your full-time job if you want to start your property business today.   You’ve got so much time—that you may not know of—which we could use to finally realise that business idea. If there are 168 hours per week and assuming you consume 40 hours with work and 56 hours with sleep, then you’ve got free 72 hours weekly.   In this episode, Kevin gives the 8 essential tips on how you can optimise your precious time. You can even do some of your tasks while at the office, while commuting, or while doing some chores.   There’s really no reason anymore to make an excuse. Put in that determination and action, everything else will follow. Start tuning in today to the Progressive Property Podcast to learn more.  KEY TAKEAWAYS  Tip #1: Time Management. Commit to one task a day. There are 365 days in a year. That’s a lot of time to grow your business. You can even do the smallest on your busy days and use the weekends for the time-consuming ones.  Tip #2: Go to work early, leave work late. In this way, you can beat the traffic. We can use the time you spend on the road on something more important while you’re at the office waiting.   Tip #3: Listen to podcasts. It’s efficient if we learn about property during our downtime or doing household chores or on our drive home, as long as listening won’t put you in any harm.   Tip #4: Use your break time to build your network and schedule your tasks. Call letting agents, book a viewing.  Tip #5: Could you reduce your hours? Loot at you company policy. There are companies who allow 3-day weekends. But this only applies when you haven’t exhausted all your free time available.  Tip #6: Look for joint venture (JV) partners. Find someone who’s on the same journey as you but have different skillset from you. In this way, it’s easier to split tasks.   Tip #7: Attend as many property networking events. As you learn, you also grow your network. You meet people that will support you in your journey through these property events. Prepare an elevator pitch.  Tip #8: Outsource. Get a virtual assistant, a marketing personnel, or whoever you need to do your some of your tasks.  BEST MOMENTS  "You have 168 hours a week, I got 168 hours a week. It’s what we do with those hours that is important.”  “Make the most use of your free time.”  “Your network is your net worth.”  ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD   Kevin McDonnell Facebook   Kevin McDonnell website   Progressive Property   progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

There are five main ways you can generate wealth:Save Cash,Invest in Gold,Invest in Stock,Cryptocurrencies,Property Investing, The billionaires on the planet, make their money in one of these five ways and in this episode, Kevin discusses and compares them, both the positives and the negatives in an unbiased way. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI KEY TAKEAWAYS Do we really know what we are doing when we save cash? The depreciation of sterling and all cash can make it an unwise decision. If you are wanting to create generational wealth, cash is the worst way to do it. Whilst you are saving money, you are wasting your time, the time you could be using to get ahead and beat inflation. Having assets is a way to protect your initial investment and protect your money. For example, putting it into property. Many of us have heard that gold is a safe way to save your money. But, Gold prices over the years have in fact gone both up and down, it isn’t as sure-safe as we have been lead to think; for example it has only gone up $40 in the past 40 years. Property is always in limited supply. Investing in property is much less of a gamble than investing in something like stocks because of this. Even ‘safe’ bitcoins can be a risk. Cryptocurrency is very volatile. It is the wildwest of investing. If you educate yourself well and spend time on researching it is possible to make a good investment from cryptocurrency, if you get in at the beginning you may make a big amount, but there is a big risk attached too. If you look at the property market for generations, it goes up in value. But it’s not just about this. It creates you an income day-to-day and it also gives you leverage. If you buy a property, the land beneath it will always be there. In 10, 20, 30 years who knows what will happen with crypto, certain stocks, gold or cash. BEST MOMENTS “The value of Amazons stock is where the real money comes from” “All the things you spend your money up has gone up” “Your money should be working for you in assets” “Cash does not build you wealth, cash makes you poor”  VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk  ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

In this week’s episode, Kevin talks about all things auctions. Listen to Kevin talk about how you can still make money with auctions, what to look out for and how you can avid expensive mistakes. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI   KEY TAKEAWAYS   Making good money on auctions is all about knowledge and education. You need to have a good overall understanding of property investing and be educated around what to look for. Relationships are important to make deals with estate agents. With auctions, there’s no relationship needed, in this sense it’s easier and requires less work. With auctions, you know what other people were willing to pay. As long as you are educated it’s then easy to see if you have offered the right price or not. There’s 200+ auction houses around the country, just because someone has been to one and it wasn’t good or was expensive that doesn’t mean there aren’t deals to be had in other places. Keep things financial, don’t let emotions have an influence over your price and use your knowledge to get great deals. Kevin never makes early bids. He waits until people stop bidding as much and then offers. Sometimes he even offers post-auction if there have been no bids. If you can read the room properly then you can offer directly with the owner and use it not selling at auction as leverage.    BEST MOMENTS “Auctions are phenomenal now” “With right move it’s already too late” “If you bid too early you’re adding fuel to the fire”   VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk      ABOUT THE HOSTKevin McDonnell Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Join Kevin in this episode as he answers various questions from the progressive community, giving some great knowledge and tips from his wealth of experience in property. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI   KEY TAKEAWAYS Rent to rent is a great strategy if you want to get into property with little or none of your own money. You can make quick cash flow and learn the property business. Attend local networking events and go to local landlord meetings to find out what builders and maintenance people they are using. There is less risk if you get recommendations for tradesmen this way. As Kevin has scaled up, he can now get refurbs completed cheaper: he has in-house teams, meaning he gets discounts from tradesmen that work for his company as well as on materials. LPG discounts also give him a big saving.   BEST MOMENTS “It’s the perfect win-win, landlords, who want the baby but not the labour pain”“I wouldn’t do a HMO if it’s only a 3 bed”   VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk     ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

In this motivating and informative episode Kevin speaks to George Scott about his journey into property investing and the benefits of attending and implementing Progressive Property Training.   Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI     KEY TAKEAWAYS   George would live for months in the jungle of the Congo, eating rice three times a day, sleeping in a hammock and training. Exciting and adventurous for sure but not very compatible with family life which is why George decided something needed to change. George started in deal packaging but had no formal experience. He started to look for somewhere he could learn and was introduced to Progressive Property. After being introduced to Progressive Property, George attended the multiple streams of income course. Since then he has had several good pay days and built a system for himself that works and he can keep repeating over and over. George attributes a lot of his success to the training he has learnt with Progressive Property who gave him the tools, training and systems to find and build success.  A lot of George's lead generation is from direct to vendor marketing and spending the money on this is more than worth the deals it produces.  Education and action are the two things George believes you need for success in property. Education is key to ensure you are implementing the right strategies in property and stop you making mistakes. Action is all about being proactive and positive to create opportunities for yourself.   BEST MOMENTS “George Exchanged a life of being shot at to being a property investor” “It has been a roller-coaster but rarely have I doubted this was the right decision, this has been transformational for me.” “I credit virtually all of this to Progressive as the overarching Training Provider” “You learn and then you grow”   VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk       ABOUT THE HOST   Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD   https://www.facebook.com/kevinMcDonnellProperty/   https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

‘It’s not for everybody it’s for entrepreneurs – people who are willing to take responsibility for the money that they’ve accumulated in the past. They turn their pension  into a business’ Following a massively successful live event at Progressive, Kevin McDonald and Kevin Whelan from Wealth Builders have moved straight into the studio to share on the Progressive Property Facebook page and the Progressive Property Podcast how a SSAS can give you the freedom and flexibility to make decisions for yourself in order to grow the investments you chose to invest in. Most people in the UK have some sort of pension and in this episode, you can find out how to grow your pension using a SSAS, it’s a powerful thing, listen in and find out why and how.   KEY TAKEAWAYS Small - Up to eleven people this means more leverage Self-Administered - You are making your own decisions about where you want to invest your money providing it is within HMRC rules. Scheme  - Another word for pension, in law scheme, means pension. SSAS - Small Self-Administered Scheme is a pension scheme that is run by business owners to make decisions for themselves in order to grow that as large as they care to in investments that they chose to invest in for themselves subject to some basic rules Rules There are only 2 things you can’t do -       buy personal assets such as a car, anything you get a personal gain from. -        buy habitable residential property – you can’t buy something you could live in yourself such as the home you live in or the typical buy to let property.   There are 2 types of property - Habitable residential property and exempt residential property. Properties which are exempt include guest houses, hotels, pubs and student halls of residence. ‘B’ for the buying strategy You use your pension itself to directly buy assets and if you buy it with the pension, the pension grows, because the rental money is within the pension while it’s growing its income tax-free, corporation tax-free capital gains tax and inheritance tax-free ‘B’ for the borrowing strategy  up to half of the pension can be loaned to the company to help the business making it outside of the pension. For people who want to grow their wealth outside of their pension, their pension can help them to do that also. ‘B’ for  the bridge strategy You could be a property investor but borrow money from other people and if you have a SSAS of your own you can lend money to other people as a bridge strategy. Bridging money is money going away from you the borrowing strategy is money coming back to you. Whenever you are investing money there are 2 important things – if you need advice get good advice and make sure you do due diligence. A SSAS is a potential way of combining disenfranchised and forgotten pension pots. It’s been mostly the domain of companies previously but following the introduction of section 24 ( the new law where if you own property in your personal name by 2021 the entire amount of rentable income will be taxed), there has been a tidal way of SSAS pensions from people who are property wise. SIP and SSAS? SIPP is a Self-Invested Personal Pension. It’s one person not up to 11 people, a SIPP is a product it’s not a business. You buy a SIPP of the shelf and it’s the professional who is the trustee so you have to go with what they allow you to do. Anything you want to do in a SIPP can be done in an SSAS plus more. Only a SSAS gives you the freedom and flexibility to make the decisions that you would want to make.    BEST MOMENTS ‘This whole tidal wave of SSAS pensions is coming from people who are property wise’ ‘20 billion pounds in pensions is just laying around forgotten’ ‘When you bring in your children as trustees you can teach them, educating them on finance and property’   VALUABLE RESOURCES  No Money Down Property Investing book by Kevin McDonnell  https://www.facebook.com/groups/progressivepropertycommunity/ hello@wealthbuilders.co.uk    ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD  Kevin McDonnell Facebook  Kevin McDonnell website progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

If you’re looking to start a business or simply discover how to grow your existing venture today’s guest has some important insights from the former manager of the Millenium dome, Pierre-Yves. Kevin and Pierre-Yves discuss in detail the things you need to do and the traits you need to have for you to succeed in your business. You need to know your product, finances and the business model inside out and they go on to share with you the principles you need to learn to make your business profitable. KEY TAKEAWAYS Does playing professional sports helps you in the transition to business? It helps daily. Managing pressure, manager of stress, manager of success, manager of failure, how you reinvent yourself, how you inspire people in crisis. Management of being able to handle and strive under pressure is quite crucial in the property business. If you ever want to be successful in business, look at the product and say, "Can I reinvent this product? Can I reposition it?" If it's yes, you do it. Then look at the finances, business model. Can I again raise equity, raise debt, can I reinvent the business model, improve the profitability of the business? If yes, then do it and you will be successful. And then last but not least, people, who are the people managing the business? Can I inspire them to do differently as a kind of followers with our credit management style? If it's a yes, then go ahead and do the business because you will succeed. The principle of finance, the principle of good accounting, the principle of making sure you have the skills to do it and surrounding yourself with the right people, it's the same for a small business or major corporation. Do not be shaken by people who are handling multi-million businesses because they are using the same principles you are using in your small business. Keep focused and following those principles and one day you will be like them. When you're in trouble, if you don't bring stamina, energy and positive attitude, you're going to struggle and having a very strong sense of humour because you're going to have dark days, you're going to have days you want to give up and if you have a good laughs at days, you're going to be alright. Your best asset is the people in the business and the most important people, the frontline staff, the guys who are serving the food, who are cleaning the floor, if they’re not fitting an integral part in business, you're going to fail. A good entrepreneur is a matchbox. And the matches come in scratch and then shine, and then they go away somewhere else. I think that the responsibility to entrepreneur is not only legacy and building replacement, but it's also allowing others to be able to shine and to develop, and then goes somewhere else and find themselves in other places, being CEO’s, Chairman position and they're going to help you and proudly invest in your business saying that this is the guy that allowed me to be here. The golden rule in any business. If the business plan or the business model is not right and the people are not right, just don’t get involved. For you to succeed in business, you need to be very adaptable and be reactive because preferences are changing regularly as the generations change. The role of a good leader is to be able to predict, to be able to anticipate. Advice to people who are starting a business, small is beautiful, it's not about getting big, is again, it's being successful on your own, and then few if you want to grow, make sure you surround yourself with the right people and it's all about going big, step by step and make sure you got around you people who are going to support you, embrace you and drive this thing forward with you and take them with you for a long time. It is crucial for anybody starting a business to find one or two mentors. Somebody you can trust, somebody who believes in you, somebody who embraces you, somebody, that kick your ass when it's needed for you to grow.   BEST MOMENTS “You’re as good as your last one.” “Principles are the same for a small business or major corporation.” "If you're going to carry responsibilities, and you're going to be the captain of the team, you got to lead by example, it's not doing what I say not what I do, it doesn't work that way.” “Property is not about buying houses, the property is about people.” “As a property owner, if you’re not able to attract the right attitude towards the entire network of your tenants or your business partner, you're just going to fail. “ “The more I practice, the luckier I get.” “Key values, loyalty, honesty, ethics, that's all we ask from people.” “When you are at the helm of something big, you got all the fair-weather friends that come out.” “Entrepreneurs or leaders are never on the job, they’re on a mission.” “It’s fine to have an ego because you need that confidence because if you're shaky, people won't follow you.” VALUABLE RESOURCES https://kevinmcdonnell.co.uk/ ABOUT THE GUEST The charismatic Frenchman, Pierre-Yves Gerbeau certainly has a highly successful CV and the ability to bring a little sparkle to any boardroom, with an approach which made him a mini-celebrity during his time in charge of the Millennium Dome, now better known as the O2 Arena, with the tabloid press nicknaming him 'The Gerbil'. He was also a hockey player for about eight years. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/