Over the last 5 episode Chris recently interviewed 5 serviced accommodation businesses finding out more about how they scaled up.
In this episode Ritchie returns with Chris to look at a summary of those episodes. Between the 5 businesses interviewed they operate or manage just over 200 units, and they had lots of valuable advice to help you scale your own businesses. The key points can be broken down into the 5 foundations of scaling your serviced accommodation business.
Chris and Ritchie take you through those 5 foundations including:
1.) Setting your objectives
2.) Know your model
3.) Build Test Scale
5.) Build your Team
Chris and Ritchie are the last people to sing our own praises, and would never try to take credit for other people’s success. But the fact is that all 5 of these businesses also had a big positive impact from being involved in The SA Boardroom mastermind groups.
If you would like to find out more about The SA Boardroom, please go to www.thesapodcast.com/boardroom to book a free consultation.
The Serviced Accommodation Podcast is a show brought to you by Chris Poulter and Ritchie Mazivanhanga aimed at new and experienced property investors alike. With each show we help you Start, Systemise and Scale your Serviced Accommodation Business.
If you would like to ask us a question or discuss anything in this episode, please join The Serviced Accommodation Podcast Community on Facebook, and ask away. To listen to more episodes or get more information go to www.thesapodcast.com.