CONTACT US:

Coronet Group Ltd

Bedford Heights

Brickhill Drive

Bedford 

MK41 7PH

© 2019 Coronet Group Ltd. All rights reserved.

What’s Coming up in 2018

January 5, 2018

As we get back to work after the Christmas break and begin planning for this year, it makes perfect sense to begin with a review of what we achieved in 2017. After all, you can’t set targets for improvement if you don’t have a base line to start with.

 

We had a rollercoaster 2017 in our first year of running Coronet Group. I setup the business the year before, but we only started operating seriously from Spring 2017 onwards. We hired a business coach in October and that’s when everything changed.

 

 

So, here’s a few of the key highlights from 2017:

 

  • We viewed over 100 properties in Bedford and Northampton including everything from one bed flats, to large commercial conversion schemes and land too

  • We grew our database of property investors to 61, including professionals from England, Scotland, Singapore and India

  • We established ourselves with local agents in Bedford and Northampton – they now regularly bring deals to us before they hit the market

  • We attended Simon Zutshi and Hanif Khan’s two-day deal sourcing masterclass in Birmingham, improving our knowledge on how to source properties and structure deals

  • We enhanced our professional infrastructure – including anti-money laundering compliance procedures and a new investor on-boarding process

  • We improved our deal analysis and marketing tools, sharpening how we stack up deals and present them to the market

  • We setup a CRM platform that enables us to manage every step of matching up property deals with investors

  • We added new professionals to our network of professional property suppliers, including legal and finance experts

  • We grew our ability to source deals, partnering with a supplier in Liverpool who sources for us all over the North West

  • We started a partnership with hotelier that will be the platform to establish a serviced accommodation business over the coming year

  • Crucially, we started to see revenue from deal sourcing and conversion management services

This was largely all achieved during October – December, with three months of massive action.  It has set us up for a fantastic 2018. But, as every business owner knows we now need a new set of targets to aim for, if we want to move our business on.

 

We plan in 90 day cycles so here’s what we will deliver in the first quarter of this year:

 

  1. To sell 5 new packaged deals, either HMO projects, BMV, commercial conversion schemes or land deals

  2. To repay the start-up loan I invested in the business

  3. To grow our investor database to more than 100 contacts, who will receive regular updates on new deals we’ve sourced

  4. To hold two investor discovery days to get to know our investors and their requirements better

  5. To enhance our direct to vendor marketing campaigns and deliver at least three deals from this route

  6. To further develop our plans for a serviced accommodation business

 

I hope you will hold us to account on these targets. Part of the reason for publishing this on our blog is to motivate us to commit to delivering what are not easy goals.

 

I wish you every success in 2018 with your property investment businesses and welcome you to contact me here if you’d like to discuss how we might work together.

 

 

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