Rohan's Blog

Success breeds success – have you ever heard that phrase? My dear friend Corey D has just won Gold Medal at the British Brazilian Jujitsu championships. His is a true example of someone with a WINNING mindset. He has consistently performed in the arena for many years. Both he and his amazing teacher David follow a proven pattern of success in what they do. David is now THREE times European champion. Success breeds success!

There is a pattern and a science to the preparation and work that goes into winning at anything we do. I am very excited and proud to know that both David and Corey will be speaking about the Science of Winning at my One Day Charity Event on the 1st May. This is going to be an amazing day and we have already raised around £20,000 for Make A Wish. If you would like to attend please contact us through my Website.

Well done Corey – CLICK HERE to see some great PHOTOS

One of the most powerful ways to develop a genuine rapport with your audience is using stories and metaphors that will relate your message to their values and beliefs. This means developing the skill of knowing how and when to use them.

 
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A lot of clients come to me because they want to start a business, but they aren’t sure which one they should choose. They are looking for their business niche. They are asking me these questions: What type of business is right for me? Where should I start? What businesses should I stay away from? What businesses should I be researching?

When I counsel clients on choosing a business niche, I tell them that there are different steps that they can take in order to find the right niche. Finding the right niche can be easy or it can be hard, depending on how many facets there are to your character. This is just one essential part of business development.

Here are some the essential steps that I tell my clients to take when they are choosing a niche for themselves.

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This is an area very much overlooked by public speakers when actually, creating the right energy should be of prime importance. As a Public Speaker, your audience aligns most with the energy, true intention and the vibrational state that you emit throughout your presentation. This is a fundamental element that every Public, Professional or Motivational speaker must understand and master.

 
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Those of you who have seen me speak in public will have heard me talk about market valuation by looking at the house price to earnings ratio. This is an approach used by investors to assess the “affordablilty” of properties in respect of the average persons earnings for a specific type of property. Well, another ratio that can be assessed is the house price to annual rent ratio (HP/RE Ratio). Whereas the house price to salary ratio works well for establishing the potential liquidity in the market for selling, the house price to rent ratio provides a good barometer for the rental market.

This is calculated by comparing like with like, house price with rental figures for the same type of property. This is VERY important.  For example when considering one bedroom flats you must review the average property price in a specific area and rentals for the same type of property. This calculation is essentially the reverse of the yield calculation whereby the gross rent is divided by the house price.

An example would be an apartment that costs £200,000 and an annual rent of £7200 indicates a ratio of 28. In the same town another apartment with a market value of £200,000 can receive a rent of £1500 per month (£18,000 per year) giving a HP/R ratio of 11. By carrying out this exercise on a range of areas and properties you will be able to assess when properties are “undervalued” and “reasonably valued” and “overvalued” with respect to the rental market. Naturally, the lower this ratio, the better the income for you as an investor.

One has to be careful not to take too simplistic a view on this as there are many other factors and it is one that is widely debated. A great place to view such a debate is at the following site – this was a New York Time article last year

This inspiring delivery was recorded at a live event where Dr Rohan Weerasinghe spoke to UK entrepreneurs and business owners from all backgrounds. His message is one of global and 21st century Philanthropy from within the world of Modern Day Business.

This address is very much a call to arms – a message that we, as responsible leaders in our businesses and communities, have the ability more than ever before to shape the world as a force for good. Giving of our time, profits and skills.

 
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One of the most common challenges I find many of my audiences and Clients appear to experience is how to go about raising start-up capital for their property portfolio or their new business venture. I often get asked about how we initially raised seed capital to start our portfolio. The truth is that we went looking for it wherever we could – “Ask and ye shall receive”.

I was recently mentoring a private Client and we went through this very procedure of establishing where potential funds could come from. It is amazing how creative a person can become once you start to expose the various alternatives.

One area that we took advantage of at an early stage of building account portfolio and we have helped many other investors do the same, is to tap into the funds of people that you know.  This can include friends, family and even other investors who have surplus cash and are looking for a specific return on investment.  If for example your brother has £10,000 sitting in the bank account making 3% per year, you could approach him and ask him what he would consider to be a better rate than he is getting in the bank right now.  If he then said to you, a rate of 8% would be good, then assuming that you have done your calculations correctly for the properties that you are investing in, and that paying him at 8% return will work for you, then you can make him the following proposal.

A balloon payment strategy where he lends you the £10,000 for a given time period, let’s assume 12 months and a simple interest rate of 8%.  This means that you will borrow the money and at the end of a 12 month period you will pay him back the full amount (balloon) plus the interest owed. In this case you would payback £10,000 plus an additional £800 interest.

Interest only payments work in a similar way except that instead of paying the interest back at the end of the year, you pay the interest over a period of the year as monthly installments.  In the above example this would be £800 divided by 12, which is £66.66 per month.  At the end of the 12 months you would still payback the £10,000 has agreed.

Capital and interest payments involve you paying back the interest plus the capital every month of 12 months and any outstanding balance is then paid at the end of the 12 month period.

It is vital to know where you are going to use their money. If you don’t have a purpose for borrowing it – then don’t.