‘I do this to help entrepreneurs to be able to scale their businesses effectively and efficiently’ 

Rachel is in conversation with David Hargreaves from Growth Gurus who supports high growth and scalable property businesses and very specifically the niche of support for serviced accommodation businesses across the UK. 

People spend considerable money on training in preparation for their serviced accommodation businesses and as a part of this are often told they can start a business with no money down but in this episode, David explains why that’s not viable when you are trying to scale and grow a serviced accommodation business that will be both successful and sustainable. If you want to know how and why using other people’s money speeds up the progress of your business then listen in now. 

KEY TAKEAWAYS 

• When you financially model the difference between an OTA led SA business and one that is Google led the difference is stark. 


• We give businesses money at low-interest rates when we are satisfied they know what they are doing and have the right mindset. 

• When completing our due diligence, the mindset of the potential client is key. Most clients when they come to us don’t have an operational plan. 


• We build a business plan and a financial model with our clients and this is often a stark change from what they have been doing previously. 


• We also help with validation; people spend considerable amounts of money on training but don’t do the correct research to find out if there is a market in the area they have chosen to build their business in. 


• It’s difficult to achieve a good profit from OTA you need to have your own website with a Google focus. 


• The vast majority of business owners fall off a cliff within a couple of years because they don’t have the right support. 

• Our service combines all the disciplines to ensure that entrepreneurs can maximise their opportunities and avoid the common pitfalls of a growing business. 


• There are people running their businesses in their free time because they are under capitalised. If people have the right finance in place they can develop their businesses properly. 


• If you have the working capital you can outsource and focus on what makes the difference. 


• Using other people’s money massively speeds up the progress of your company. 

BEST MOMENTS 

‘A lot of the dealers focus too much on online travel agents’ 

‘Trying to do it part-time is just crazy!’ 

‘It is easy to build a business and easy to mess up a business’ 

‘With smaller companies, we can sort out finance that means they can stop focusing on the minute detail’ 

VALUABLE RESOURCES 

The Property Regeneration Show podcast 

David Hargreaves LinkedIn 

ABOUT THE HOST 

Rachel enjoys orienteering with her husband, swimming or playing the Ukulele in her spare time. she has over 11 years’ experience in the construction industry delivering projects up to £300 million within budget, time and quality; therefore, the agreed return on 

capital employed 

CONTACT METHOD 

You can contact Rachel Gros on 

contact@propertyregeneration.co.uk 

07495 451127 

See omnystudio.com/listener for privacy information.