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Just wondering who else on here has other business(es) that are related to their BTL(s) or totally unrelated?
I must admit up until recently I've been a bit bored with property so started another business in the classic car niche. It's nice to have something else to focus on that has very little to do with property (other than never having enough space so always looking for storage!).
So what else have you got and how are you finding it?
All related to property - my Main Company is Bespoke Finance who specialise in finance for property investors, also have a little Letting Agency managing properties of local portfolio landlords.
Though I do the odd tech things - building computers, setting up systems, and programming tools for internal use that is not property related but builds the business that are.
So far so good.
So what you doing with Classic Car's? I guess it is another investment or are you restoring and flipping?
_________________________________________________________________________My posts are not financial advice, just a rambling guy passing time on a coffee break.The team at Bespoke Finance offers advice, including Limited Company Buy-to-Let , HMO Conversion and Cheap Life Insurance._________________________________________________________________________
Just like my handle suggests! So kind of ' in the trade', but from a slightly different angle- development advice, construction, site etc etc.
My 'journey' is taking me into BTL so travelling in the opposite direction. Have I missed the boat? Is there a light at the end of the tunnel?
Good topic. Interesting to hear other businesses
If i was into cars i would yes do that- it must be fascinating
I would do something that excites and earns but more excites as the focus
I`ve got several on the back burner but never got further than a brown buff folder they sit in
They are mostly to do with large fields and adrenaline rushes
cars / bikes / water shoots / adventure stuff etc
competition between paying customers would likely be included I guess to add spice
Jonathan Clarke. http://www.buytoletmk.com
Always interesting to hear what entrepreneurs are up to. I guess you either get in to property, make money and then look at other businesses or start with other businesses and eventually get into property. If you're entrepreneurial with property, you can't help but be entrepreneurial in business in general. Apart from my own BTL portfolio, I am a partner in a letting agency and a partner in a company that procures and develops property for investors. So all property related. But would like to diverse even more and invest in other businesses. I was in the food business for many years and would like to get involved in coffee / deli / micro-brewery type of operation just for the hell of it but time is the enemy at the moment. But always interested in hearing what other people are up to.
LETS MAKE HOMES by treating landlords as partners, tenants as customers & every property as our own."
Ed, I've thought about a breakfast cereal restaurant for the mornings, followed by club sandwiches for the afternoons, all washed down with speciality teas, coffees etc.
Come on people, surely there must be more of you that are self employed/run your own business???
I have been thinking of setting up a market stall selling second hand false teeth.
Coming soon Investorsk8.com
Wisdom - an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs.
A year on, how's everyone getting on with their businesses?
I now use ebay and Facebook quite a lot to buy and sell (although not necessarily in that order) for a niche off my original niche! When you start a business it's great to see how many different ways you can sell something.
Some people only want to buy one, others a pair, others your whole business (apparently!).
So what have you been up to?
I've always liked the idea of other businesses and love to watch programmes like Dragons Den, but have never found anything worth doing beside the success of property.
I take a keen interest in what my grown up kids are doing though. They've never been interested in following in our footsteps in property and have said they wanted to find their own 'thing' to try and excel in - which I can understand.
My daughter has just got a job working for a small company set up by a professor from the university of Cambridge, making a machine to measure proteins in blood for health diagnostic purposes. I was interested to hear that the company is being run on grant money secured by the professor for the development of this potentially valuable technology - and he also has several other companies that run likewise on grants.
My son Chris is involved in the development of 'clean meat' - growing meat from stem cells so that animals don't have to be farmed and slaughtered in future. Apparently Richard Branson invests in some of the companies involved in this field and is passionate about it. Most of the development work in this field is funded by investors.
I know from when I invested in small companies on the stockmarket too, that many rely heavily - or exclusively - sometimes for years and sometimes to the tune of many millions, on borrowed funds.
It's interesting as a point of perspective. When I was young, I could only conceive of growing a company from scratch by trying to pull yourself up by your own bootstraps - but I've learnt that is incredibly rare and arguably for good reason, as it could be said 'If you think small, you'll stay small'.
In property, let's face it, we built this..... (hey, I nearly broke into song there):
We Built this City on Rock 'n' Roll.
Most of us built our portfolios on the Rock 'n' Roll of leverage, OPM, Other People's Money! (...sets Jonathan off, lol).
Author of The Complete Guide to Property Strategies and The Complete Guide to Property Investing SuccessLearn more at http://www.completepropertysuccess.co.uk
I also post property updates on my Facebook Page
"It is the small decisions you and I make every day that shape our destiny" Anthony Robbins