Investing in property is a time-consuming, stressful and non-transparent process. It is estimated that investors spend on average 200 hours looking for a property, including frustrating Saturday morning inspections. Typically there are 5-10 stakeholders involved, the process is unclear, and most are worried about making a wrong/poor decision. It is extremely hard to find the data and insights to know where and what to buy and at what price.

Bio

Mickael Roger is co-founder and co-CEO of PropHero, a data-driven digital platform for property investment. PropHero helps you find, buy and manage the best investment properties.Before founding PropHero, Mickael was an Associate Partner at McKinsey & Company, where he was leading the Data & Artificial Intelligence practice, serving clients in the Telco/Media/Tech, Private Equity and Financial Services industries. In 2017, he launched a new AI-powered commodity price forecasting capability for McKinsey, serving some of the largest commodity producers and traders to predict prices using artificial intelligence and develop advanced trading strategies.Prior to joining McKinsey, Mickael worked as a Senior Consultant at Roland Berger Strategy Consultants in Paris and North Africa, where he focused on both strategic and restructuring topics, while developing M&A and financial advisory activities. Mickael Roger began his career as an M&A investment banker for UBS in London in 2011.Mickael Roger holds a Master's Degree in Engineering from Telecom ParisTech and an MSc in International Finance from HEC Paris.

Financial Foreplay® Highlights:

PropHero is an AI-driven digital property investment platform that helps you find, buy and manage the best investment properties.  PropHero is designed to help investors build wealth and make property investing simple, transparent and more profitable. 

• Simplicity: Save up to 95% of the time usually spent to find an investment property with the help of your dedicated Property Coach and via our user-friendly digital platform simplifying each step of the property investment process
• Transparency: We share with you all the data and model insights to help you understand the potential of the properties we find for you
• Greater profitability: We use Data and AI to locate the next 'hotspots' and find superior investment opportunities

There is no denying that COVID 19 has been particularly difficult for small business owners. With forced lockdowns and tightened restrictions to prevent the spread of the pandemic, many small business owners have had to dig deep in order to overcome these challenges and stay afloat. Today, I want to shine a spotlight on a fantastic retail business in Brisbane Australia that has not only survived, but literally thrived despite the global pandemic.

I want to welcome Jennah Grimsey to the show representing Vault Entertainment Pty Ltd. (Vault Games), located at – Lower Ground, 62 Queen Street, right in the heart of the city in Brisbane, Australia.  Jennah is in partnership with her husband Dylan Shearer and their mutual friend Cassandra Varian.

Financial Foreplay® Highlights:

1.      More sales often does not fix cash flow problems, in fact, it can make them much worse

2.      High growth periods will highlight cash flow and working capital problems very quickly

3.      Less than 30 days of cash reserves in the bank to deal with an emergency is very unsafe

      a.      Businesses should strive to have 4-6 months of cash reserves in the bank

4.      Top 3 lessons learned from coaching

      a.      Cash flow is the #1 metric + you need to have enough working capital to fund the operating cycle and growth

      b.      It never makes sense to drop prices in retail just for the sake of driving high volumes of sales (i.e. Black Friday sales)

      c.      Supplier terms are critical – often an extra 2-3 weeks to pay is much more valuable than a discount on price

5.      Bank lending is very difficult for small businesses to get even with the government backed guarantees offered during COVID19

      a.      Non-bank lenders are much more flexible and approve loans more quickly but the trade-off is higher interest rates which much be factored into your costs

      b.      Paypal is roughly 14% and Prospa offers a 24% interest rate – you need to adjust your business model to ensure you can cover these additional costs of doing business

6.      Top 3 impacts on Vault Games from having a coach during the past 12 months

      a.      Net profit margin increased from 0.5% to 13%

      b.      Cash flow up 750% with 2.5 months cash buffer in the bank for emergencies (and working towards 4 months of cash buffer)

                                                    i.     Allowed business to expand by moving to larger premises and pay for all leasehold improvement and fitouts with cash

      c.      Took first fully paid vacation as owners (in four years of operations)

Do You Need Some Help to Get Your Cash Flow & Business Turned Around?

For those of you who are listening to this podcast and thinking “hey that is exactly where I’m in my business and I could use some help to boost my cash flow and also put more systems in place so that my business works without me”, please know that help is available if you are open to learning and willing to do the work. 

Reach out now to speak with Rhondalynn about your suitability and readiness for coaching:

🦉 Rhondalynn Korolak 👨‍🎓📢 | LinkedIn

Over the past 24 months as the COVID 19 pandemic unfolded and progressed... it revealed an inconvenient truth about just how precarious the financial affairs of middle class households really are. We now have much greater clarity and certainty around the fragility of our finances – with around 80% of households forced to confront the fact they don’t have enough savings and are around 1 month away from losing their homes. Inadequate savings, lack of financial planning, and with little support from family and the government... Several things have become abundantly clear, We need to understand our debt position and how much savings are required to weather a storm (such as a loss of job, pandemic, health issues) and we also need to better use the assets that we already have available to us to protect against future catastrophes and shore up our overall health as we build wealth for our families and prepare for retirement.

Sometimes opportunities lie in the strangest of places...

While there are reports that we are heading into a decade long housing supply crunch, with reports that affordable housing is at all time lows and Sydney reporting a five year low vacancy rate of 1.7% (with many regional areas reporting less than 1% vacancy), there are 13.5M unused bedrooms in 10m residences across Australia.

Bio

Ludwina Dautovic is the CEO and Founder of The Room Xchange, Australia’s first verified house-sharing platform. The Room Xchange makes it easy for people to find their ideal housemate based on personality, values, and lifestyle. And you can choose to rent or rent offset giving you the choice on how you want to use your asset.

Today Ludwina and I will be talking about how you spare bedroom could be worth $10k a year in rent or over 300 hours of household help.

Financial Foreplay® Highlights:

13.5M unused bedrooms in 10m residences across Australia and yet we have a housing shortage and an affordability crisis.

A spare bedroom can return around $200 a week in rent or 8 hours of help.

Your spare bedroom is an asset that could be making you money – it’s no different than renting our your spare car, garage, caravan, or power tools for extra cash

Having verified profiles means you can pick someone that shares your lifestyle and values.

There are a myriad of reasons why people want to house share post COVID.

The rental market is very slim and people (of all shapes and sizes) are looking for viable alternatives to the traditional share model (that really appeals more to students).

The experience can enrich your life and add value to your life/family.

Our tribal way of living has changed so much in the last 20 years and this is one unique way of creating a new sense of community, dialogue and connection.

$12,000 a year in incremental income could almost double the amount of principal that a family with a mortgage of $500,000-$600,000 is able to pay down each year.

Australia is the only country in the world where 76% of citizens are living in “severely unaffordable housing” defined as housing valued at 6+ times your annual salary.

If all the unused spare bedrooms within 30 minutes of the CBD in Sydney were housed by a working adult, it would increase GDP by $750m annually according to a study by Ernst and Young.

 Get in Touch:

Linkedin: https://www.linkedin.com/in/ludwinadautovic/