6 Things I've Learnt in 17 Years in Business - a podcast by Mark Homer

As Mark hits his 43rd birthday he reflects on the 6 key things he has learnt in his 17 years of business including why inflation can be your biggest helper as well as the many tax reliefs many people aren’t utilising enough! 

KEY TAKEAWAYS 

• When you are investing, particularly in property, inflation can be your friend in a big way.


• Inflation is the devaluation of money over time; the value of mortgages decreases at the rate of inflation too


• Taking many small and consistent steps over time is something that Mark has recognised contributed to his success in business. It’s not all about making big or ‘quick’ wins.


• You cannot manage what you don’t measure, Mark loves KPIs and data because people make mistakes and they also lie.


• It’s easy right now to complain about taxes, but one thing business people often don’t focus on is the reliefs they are entitled to. Always make sure you are offsetting everything you possibly can. 


• Over the years mark has realised it is possible to sweat the small things too much, it’s more important to focus on the bigger picture

BEST MOMENTS 

 “Inflation could create the biggest returns that you receive in property”

“Inflation has an equally positive on any debt or mortgages you have, inflation is actually paying your mortgage down”

“The effects of taking those small steps hardwired those habits into your head so it becomes easier and easier”

“Make sure you are claiming every [tax] relief you possibly can”

“It’s a major benefit not paying capital gains tax on your home”

“If you sweat the pennies too much you’ll often miss the pounds”

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 systems 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/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

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Website of Mark Homer