Problems at my Commercial Property - Day In The Life of a Business Owner
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- A day in the life of a business owner, starting at our business park where we have a few problems some of the commercial property. After that, we head to our hotel for a managers meeting followed by podcast recordings, catching up on the dinosaur park and then ending the day with our executive club members. I hope you enjoy this behind the scenes look into my life as an Entrepreneur.
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Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.
⌚️Timestamps:
00:00 Commercial Property
07:20 Hotel Meeting
13:08 Increasing Cashflow
17:40 Podcast Recordings
19:20 Ice Cream Factory
21:00 Executive Club
#business #businessowner #entrepreneur
Watching your videos over the years you can see how much the business has diversified and grown. The quality of information though stays the same, thanks James!
Thanks for watching all this time!
00:05 Investing in commercial property yields higher returns than residential property.
01:58 Difficulty in finding profitable commercial spaces in the southeast
05:58 Handling repairs and maintenance at a commercial property.
07:59 Regular weekly meetings to track business performance and plan for future growth.
12:13 Managing a large commercial property presents challenges and opportunities
14:09 Produce monthly profit and loss for improved cash flow
18:06 Focus on defining your market, their pain point, message, and media.
19:46 Leveraging commercial property for business growth
23:20 Talent is key in acquiring companies for long-term success.
25:09 Focus on order value and customer value for profit growth
Amazing video James 🙌🏽 it was a pleasure meeting you and others within your Executive Club 🔥 loved staying at The Blue Boar Hotel too 🚀
It’s a pleasure to have you!
Thank you James and team another great video
Great format, love the vid
Love the property aspects of your business.
Cheers! Hope the content is of value to you,
1:46 I guessed there might have been a question to follow after that genial welcome.😉
If you offered a discount package to stay in your hotel and maybe visit your sites you might encourage your viewers to become/feel part of your journey going forward
Hi James have you thought about putting a small to medium size wind turbine at marsh farm
Or solar ?? Regards Tony
Is that a personalised plate on your Range Rover? Very cool if it is.
Think in 10 year tranches is an interesting one, just gone through my 10 years and feel solid, my next 10 years takes me to retirement and exit, I think. Need to start the thinking...
How do you decide which directions to diversify? Hotels, commercial property, party pieces, teddy tastic, rossie retail/factory, marsh farm, day care etc.. how much do you rely on staff to make acquisitions decisions? People run businesses, you can only do so much yourself, so you must be relying on ‘people’ who you trust to run these businesses.. do you give them a share? How do you keep them dedicated to perform for the business?
I do all the buying, that’s mainly my job. I move people from existing companies into the new ones. So they can grow. But it’s a process of 20 years. We use board meetings and monthly management accounts to track progress.
We only diversify to allow for vertical integration. All of our companies are customer of each other or support each other in some way.
Love your walkabouts (is that English?). Greetz from Arnhem
Yes it is!
Thinking if buying a 3000 sft warehouse in Croydon. not sure I want yo tie ip the cash though.
Regarding the indoor dinosaur trail - those ceilings look very high. Are you concerned about your heating costs?
People are just passing through exhibits so you probably only need to have it at 16 degrees. It's different if people are sitting in a space. There are sheds like this people work in year round with little heating, certainly within the British Isles anyway.
I don’t comment a lot James but that chair you were sitting in, in the blue boar 🐗 hotel could do with being reupholstered 👍
I’m getting round to it!
00:33 I thought it was curtains for James!
I continue to live for another day!
Big up Digger Dave 👊🏾. And James start doing some yoga mate. Your posture is a bit hmmm… probably all that stress. 🙏
My posture is awful. Years of working with kids as an entertainer compounded the problem. I’m heavily working out each week to try and sort it.
@@JamesSinclairEntrepreneurand you will! You’re young, only 37 I believe. That’s plenty of time. And thanks for all you do. Since discovering you a few weeks ago my business has changed so much. Literally saved myself thousands after listening to one of your podcast episodes. Spent a year paying & charging VAT when I didn’t need to due to the nature of products I sell 😭
Hi James, How much time do you spend looking at competitors and understanding where they are making the gains to see if you can incorporate it into you businesses?
Now and then, I absolutely speak to lots of business owners in my sectors and share best practices and ideas.
James. Can you please do a video of Tracey bollocking you for not reading those HOT's 😂. Cheers
James - uiu always talk about being a “commercially profitable enterprise”. What’s the difference between that a “profitable enterprise”? I don’t mean the question to be obtuse - just keen to understand the difference
I think commercial means it’s not a profitable job. To work without you, you need some scale to afford good people. When you sell a business, which should be the discipline you aspire to, no one wants to pay good money for a profitable enterprise, they want something bigger…. Hence commercial!
@@JamesSinclairEntrepreneur that’s very clear. Strong work
Interesting James, why do you say "I am from the owners" rather than "I am the owner"?
Just think it’s less showey. I just feel it’s more humble than Willy waving!
❤
4k for 1 million emails a month, wow that's extremely expensive. I wouldn't expect to pay more than 1k a month.
That includes all the software we use for journeys etc
@@JamesSinclairEntrepreneur do you employ a development team or outsource it?
That chair at 8:41 is absolutely hideous.
Yes it is. Give me 5 years and this place will look amazing.
Your lying when your hands come up to your face, when on about money…. Good luck mate 👍
I enjoy your content, but your racking up enormous maintenance debt by not taking care of these properties. I mean the first property is seriously run down and in desperate need of some TLC. Might not be so profitable in the end… 🤷🏻♂️