21 min listen
Episode 2: Matt's Story - Part 2
ratings:
Length:
19 minutes
Released:
Apr 9, 2021
Format:
Podcast episode
Description
On this week’s episode of the Build Show Podcast I want to talk about mistakes, specifically in business and tell you about one of my biggest mistakes I made when I first started out.
Speculative projects and debt.
I started my company in 2005 and was working entirely on speculation. Throwing my own money into developments in the hope that these potential clients I was speaking to would stick to their word and buy the property for X amount when it was finished.
Then the recession hit.
Housing prices tanked and one project left me in almost £300k worth of debt.
It took me until 2015 to clear off that debt and ever since, I’ve been basically debt-free and I only work on paid client projects now, building specifically to their needs and with their budget, mitigating the risk for myself and my family.
Tune in below for the full story and my advice on taking on debt and budgeting for a small building business and so you don’t make the same mistakes I did.
Speculative projects and debt.
I started my company in 2005 and was working entirely on speculation. Throwing my own money into developments in the hope that these potential clients I was speaking to would stick to their word and buy the property for X amount when it was finished.
Then the recession hit.
Housing prices tanked and one project left me in almost £300k worth of debt.
It took me until 2015 to clear off that debt and ever since, I’ve been basically debt-free and I only work on paid client projects now, building specifically to their needs and with their budget, mitigating the risk for myself and my family.
Tune in below for the full story and my advice on taking on debt and budgeting for a small building business and so you don’t make the same mistakes I did.
Released:
Apr 9, 2021
Format:
Podcast episode
Titles in the series (100)
Episode 9: the Litmus Test for a Well-Build Home: This week I’m going to be talking about a really important topic, that not all podcasters or builders might mention as we don’t want it to come across the wrong way. However, it’s super important which is why I’ve decided to go there. Today we’re talking all about build quality and what the standard Litmus test should be for a good vs. a not-so-good build and if this same test could be used to assess if someone is a good builder or not, too. The latter of which might help some of you students, young professionals and consumers out there make the right choices. Sponsored by Builder’s First Source, tune into today’s episode of the Build Show where I’ll be discussing three things that define a great build…in my opinion anyway. by The Build Show Podcast