How Much Money Does My Hotel Make? (profit & loss revealed)

[@ally6438]

Quite like your style, authentic, no hype. And no annoying music

[@JamesSinclairEntrepreneur]

Why thank you.

[@tabbycat8511]

Upvoted just for showing your numbers. Most valuable, yet no one does it.

[@ShaunRockzTV]

every public company does it

[@tabbycat8511]

@ No one was talking about them.

[@JoyceSin-w5k]

Unless audited who cares

[@worldofmaart]

Same

[@tabbycat8511]

@@JoyceSin-w5k Most statements in life aren’t audited. Yours, for instance.

[@mattclark7700]

how has this dude only got this number of subscribers? finally a coach who can prove what he talks about in his own business. As opposed to most who teach business success and their only success is that of their coaching.

[@Kr4lex]

I cut his hair for a good while and honestly one of the very few people who has given me good business advice, who doesn’t just talk fairytales and bull shit. Speaks realistic and honest. Great guy too

[@davida2653]

True !..."Those who can, do. Those who can't, teach"..!!

[@nformby]

@@mattclark7700 totally agree, you can tell this content is different to the rest

[@FlatToRentUK]

This channel is like cooking shows. I don't cook very much and when I do it's totally unadventurous stuff, but I really enjoy seeing what they do and the process behind it. Equally I'm not entrepreneurial but I love seeing the thought process, the tipping points, the background information and how these businesses develop. It also helps a lot that James has such a relaxed and informative style of presenting these videos. Some other videos promise they'll provide the real juicy stuff but fail to deliver whereas James hasn't on all his videos I've watched. I'm really enjoying these and long may they continue!

[@cardiomyopathyandme5970]

Hey James, really good video and thank you for sharing. I run a 70 cover pub and we do very well from it, we turn it 3 or 4 times over on a Saturday and Sunday. I wouldn’t get too obsessed by expanding the covers, our place is cosy and always looks full! We do 80-100k each month depending on month of the year

[@cardiomyopathyandme5970]

Also worth mentioning, we have two great chefs. I never know who has cooked what because the quality is so good from either. You can’t have an A and B team if you know what I mean

[@Liberty_Freedom_Brotherhood]

@@cardiomyopathyandme5970sounds great, what’s the name of your pub?

[@presterjohn4123]

This is why I could never go into a business. I was pretty good and hard working (averaged 50 to 60 hour weeks as a contractor most of my working life) but you just have to have that additional spark, energy, desire (not really the love of money) to be in business. I am jealous of people who have that and are successful. It must be so fulfilling and fun to be in that place. Great video.

[@1414141x]

At least you are honest with yourself. Business making is not for everyone - you need a certain drive. Most just don't want to work for anyone else - that it itself can be a key motivator. I would fall into that category and I've made a reasonably successful business in property rentals. Came at a cost though.

[@jmoz]

Just buy the SPY and chill

[@MortalBane]

You saved yourself a million dollars for knowing this. Congratulations!

[@leetster6303]

the difference between this guy and being a contractor is that this guy pays other people to do the work, whilst you actually do the work. he has lots of free time to do what he wants. i mean he has enough free time to run a youtube channel as well as all his businesses. going into business can be hard work at the start, as you try to make ends meet. but once you create a bubble of income and pay off your inevitable debts, you're the freest man on earth. i worked for a business owner in a restaurant. he was the most depressing and serious individual i ever met. it was difficult to get a word out of him and id only see him occasionally. yet he was successful and now he owns one of the most popular restaurants in the region which won several awards. there's no personality requirement for going into business. you don't need to be a certain "type" or be lucky. all you need is a bit of capital and then pick one of the many ways of making money through business and get started. what stops people is not any other reason than the fear of losing. what will your friends and family think of you if you waste tens or hundreds of thousands of pounds on a failed business? it takes some amount of work to make enough capital to start a business. after all that effort, its hard to convince yourself that losing it wont bother you too much if you tried to start a business. but the ability to stop caring and just doing it is the only thing that separates those who do and those who don't.

[@MrJeffHead]

@@jmoz that's awful advice.

[@MaryBegay350]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[@ThomasHenry144]

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

[@RonaldBrian243]

It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

[@JewelWrites-so1gm]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world.

[@AnnEve-mi5zv]

Many individuals report success in investing in stocks,fx, yet I continue to struggle.Can somebody help me out or advise me on what to do?

[@IsabellaJulialove]

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

[@GrahamWoodward-ww1zf]

A lot of corporate hotels have between 210-250 rooms and once the occupancy rate gets above a certain level then the figures start to stack up.

[@iLukey96]

Have no interest in business or hotels but could watch you all day very smart man. thumbs up and subbed

[@1414141x]

Same here. I like listening and learning from him. He is a very smart businessman. I would like to know how much time he spends each day on business rather than other family and hobby persuits. Many successful business people pretty much live business 24 hours a day. You might get financial rewards from this but it comes with heavy costs socially and family wise.

[@justin3096]

First video of yours I’ve seen and I’m so impressed. Extremely informative, truthful and nothing glossy or for effect. New subscriber & will watch plenty more of your videos so please keep up the great work James!😄

[@montuna4686]

Thank you so much! I am trying to buy my first hotel. I run a couple of small multi families and I wanted to transition to the bigger buildings. The cost has always been a blocker for me and being transparent is truly a blessing

[@Shiibai]

When I first read The Secret Doctrine of Wealth, I realized how stuck I was in the system. It’s crazy how much it changed my perspective.

[@stephanndon]

goated book

[@Ksante-s8m]

W book broski

[@niterider1969]

As an ex hotelier I love to see these videos. Maldon has a high street full of restaurants now so it's a very competitive market. The joint venture idea is good but also problematic as you need to make sure the relationship is strong. Also the deal has to be very win win with the deal slightly favouring the other party. They're taking the higher risk and venues that strike to hard a deal lose in the medium term if the restaurant can't make money. Love what you've done with the rooms, keeping it individual is important for this type of property.

[@MrTj145]

where's the higher risk when they would have access to booking numbers, as well as a captured market?

[@niterider1969]

@@MrTj145 There is no captured market for a hotel restaurant unless it is in the middle of nowhere or a restaurant with rooms. This hotel is on Maldon High Street with at least 10-12 good eating options with 100 meters of it's front door. The hotel has 15 odd rooms so max 30 people capacity. Let's say there is a sleeper diner ratio of 20% (that would be good for a hotel with this level of restaurant competition) that's 6 covers. So you have to come up with a restaurant concept that will draw in the general public. This is doable but would need a direct entrance to the restaurant and a big investment in fitting out the restaurant along with a successful concept. It is not in any way easy.

[@nationalnotes]

Love the excitement and clarity of your presentation. As a real estate investor - over 30 yrs residential and commercial - I do not love the numbers, especially for a business that requires such constant presence.

[@JamesBrown-rx8tz]

James - Watch the videos. Now living in Dubai for last 7 years. You used to do my kids' parties, which were absolutely brilliant. I still tell people about the things you used to do with the parents. Brilliant. Coming back for a few weeks and seeing a friend in maldon, so naturally, I would spend my money at your hotel. Also booked direct, so didn't lose the 15/30% 😂. Good luck to you. James.

[@JamesSinclairEntrepreneur]

@@JamesBrown-rx8tz best comment ever! Where did I do the parties. Seems a live time ago now!

[@JamesBrown-rx8tz]

@JamesSinclairEntrepreneur Hahaha. I used to enjoy the parties more than the kids. You were absolutely brilliant. Billericay mate. Our little circle of friends always had you over for various venues. And then we used to come to party man world in basildon. Super fun days when kids were young. Lovely to see you have done so well. So refreshing. Wishing you all the best.

[@adobo6905]

Customers are paying the cost of booking platforms it is a business expense like any other expense. 😮

[@nformby]

This video is so incredibly insightful and gives me tonnes of motivation, thanks a lot!

[@voldr0n]

Good video. I am a GM of a high end 15m - year turnover hotel. One thing I found out is that it’s pointless fighting the OTAs. They are a tool to be used to boost ADR. That could be quiet times or busy times depending on your revenue strategy.

[@damilolaolayeye9929]

Hi, what is OTA ADR?

[@TheRealDJSigma]

@@damilolaolayeye9929 OTA = online travel agencies. ADR = average daily rate.

[@HiddenGambia]

@@damilolaolayeye9929 Don't you just love TLA's? OTA means Online Travel Agency. ADR means Average Daily Rate (which is defined by the average income per occupied room your hotel makes in a set period of time). BTW - TLA means Three Letter Abbreviation.

[@NiallM1]

Didn’t even search for this video but glad it popped up, Very enjoyable watch

[@cintern1cintern125]

A pretty good presentation, full of enthusiasm, James. Your budget of £20000 for refurb of each room looks good however, would suggest having another look at it because this could be bit high. Happy to share with you refurb cost that I have received from a proper 4 star hotel in Germany which covers the cost of everything. For example, new ceiling, ceiling paint work, lights, new mirror, mirror light etc. It goes in much more details. Having said that, reminds me that budget for Hilton Garden Hotel in Aberdeen was around £30000, and that was for Hilton hotels standard where the refurb budget goes quite high mainly because the owner has to use their pre appointed suppliers. Anyway, all the success for your project.

[@cocacola2you]

Love the transparency and unique inside look you gave us! Would love to see more of these type of videos, very interesting and refreshing hearing your ethos on things

[@WintuhLiving]

This is incredible content James, I watch these videos obsessively alongside your podcast. My business has exploded since I started following you a few years ago.

[@JamesSinclairEntrepreneur]

@@WintuhLiving well you’ve made my day. Hopefully I’ll see you at one of my seminars in the future!

[@richardgibbs1168]

@@JamesSinclairEntrepreneur sporadic comment replying I see😀

[@karolpelc3956]

Incredible, incredible value. I cannot believe this is shared for free. I remember interning for a person for free for a month to get a fraction of that information!!!!

[@Boostly]

As someone who’s seen the behind the scenes on this from a marketing view, happy to see this video out 🎉

[@HendryJames-l6o]

Have just come across this impressive good man, who certainly appears to be a doer rather than just another mouthy, very limited in experience of running a real business, motivational speaker.

[@BoxersRealty]

Great advice! 20K per room for the refurbishing, seems reasonable. I was in the restaurant business in NYC for 18 years, so I understand the 24/7 work schedule. Best of luck with your property!

[@stokesy5161]

Genuinely really interesting video, not anything I’m ever interested in doing but a great insight into the business and your future business strategic thoughts

[@andrew.l.5493]

James you seem like the kind of guy who could sell ice to an Eskimo. Love your positivity and drive. Great video and excellent explanation of the numbers in the hotel business. Subscribed.

[@ruyboxe]

ok... you won another sub... I dont understand how videos like this dont get millions of views... oh, I know.. he is not dancing or showing off cars... Great video sir, love from Portugal

[@waywardmedia4491]

Nice to see the numbers, I definitely would like to see an update going forward, surprised by the drink sales, hopefully that will increase threefold with opening the restaurant

[@paulmilthorpe9744]

Fascinating video. I was in restaurants and hotels for many years and I think it's never been a tougher time to run an independent hotel. It would've been interesting to see the occupancy rates and REVPAR numbers. A good booking engine in-house is essential to get rates right well in advance. I can't think of anything more expensive than moving and refitting a commercial kitchen... Is there much garden space? Or Function room? The Wedding business is thriving and is very lucrative particulary if you package together rooms, ceremony, food and beverage.

[@HiddenGambia]

RevPAR - Revenue per Available Room. It's an important KPI (Key Performance Indicator).

[@AdamTibi]

I have no interest in hotel business, I am in the software engineering profession. But analysing the business in this way and your points are intriguing.

[@nat0106951]

I am also a software dev and 5 years ago I had a software business and my main clients are hotels. I developed customized hotel managment system and also offer some other IT services for hotels like wifi networking and cctv installation.

[@Joelio8701]

Absolutely fantastic video and thank you so much for sharing your insight / education. Love your optimism and passion as well. Can see why you are successful 💪🏼

[@oakleysumrow2886]

Generally peoples knowledge runs narrow and deep or wide and shallow. Your deep knowledge across such a broad section of business is definitely impressive.

[@Holdeenio]

Thanks for the insight James - have stayed in this hotel a few times, great to see it being shown some love.

[@magnolia430]

I have been in business now for over 25 years and one thing that i have learnt and is very important is that cash flow is a MUST. Never live like a KING or you could easily become a peasant.

[@CharlieWakley]

Great video !! Literally looking at buying a hotel and this was the video I needed, appreciate it James.

[@22lovejon]

I admire your complete enthusiasm for the whole concept of owning a hotel. Fantastic knowledge of every aspect of owning a massive commitment. I personally own nothing I had a house for rent for years that I owned outright. I sold it and moved to Thailand had three kids and my wife left me with the children. I lost land and the house and now rent a beautiful condo with my children. No it's not a sad story it's the realization of letting go owning nothing is a much happier life the stress has gone and the shit I had owning land in Thailand was unbelievable. In a word less is definitely more for me anyway. Great video to the real life owner.

[@MrJeffHead]

It's too late now but number 1 rule for anyone going out there is not to buy property. Invest your money elsewhere to pay the rent on a place out there.

[@accoviser]

Great to see some real numbers. Not just the old “I’m making 60k a month” guru talk.

[@Freshapproachltd]

Looking very dapper Mr Sinclair!! Great video, love the content on here and on the podcast.

[@fraseryoung1381]

Another excellent video James. Thank you for the transparency of your content and the quality of your delivery. Brilliant stuff!

[@omegaman4153]

Thank you for the breakdown. Excellent work on the hotel and the industry details.

[@redfishswimming]

Really a fantastic video so nice to see how other types of businesses work. Had no idea such a big hotel would have such a small monthly profit margin. This guy is great and so attractive.

[@benjohnsmith]

Thoroughly enjoyable and informative video - I have to admire your transparency

[@stevo728822]

£80 a night for a single is a price I would pay. Though not sure I'd have any reason to visit Maldon. Didn't even know where it was until I looked it up. But there are several things that are a priority to me before looking at decoration. 1. Is easy parking available if I arrive by car. 2. Is the room secure. Can I leave my valuables inside without them getting knicked. 3. Peace and quiet. Can I hear the TV from the room above me? When working in London I preferred the cheaper Travelodge to Premier Inn. Travelodge was full of workmen who went to bed early. PI was full of noisy tourists and foreign students up until 3am. The room at one PI overlooked the smoking area of a nightclub. 4. First thing I want at the end of a journey is a few beers.

[@etsyconsultant]

If I was a hotel owner, I would be taking this comment and using it to better my business, this is gold for anyone in hotels, especially number 3.

[@FernandoRodriguez-uu6fj]

Love the transparency and how you show all the numbers.

[@CharlieWho-q8l]

Came across video, really informative Clearly 13:45 , you are a successful businessman, but a lovely personality, not a show off or arrogant 😊

[@CheckTesting1]

Greetings Mr Sinclair 😃 1st & foremost I hope that you and the family are all fine & well 🙏🏾 As always brilliant video. Keep up the good work, as we all know you totally enjoy it 😉 You & the family have a very blessed weekend whatever you do 🙏🏾

[@BertranMoreno]

Great analysis, James! Hotels are fantastic businesses to own if done under the right structure, just like your freehold, which gives you more control compared to a leasehold AND with the right room count. They do still need to be managed carefully, otherwise CAPEX, staffing costs, utilities, distribution costs, and food supplies will eat your margin, or worse. It's a 24/7 business with high fixed costs and not for the fainthearted, but properly managed can achieve a healthy margin (particularly when occupancy hits over a certain threshold!). Your property must be getting good reviews by customers spending so much on drinks! Would love to learn more about your hotel over a call. Bertran from XpertHost

[@cfishmuk73]

That was captivating, and from a young man. Black marker persisted on the hand, so was done in one take. I don't think the director dared to interrupt. All critical aspects well thought through. Loads of energy and intelligence. Might be difficult to work for, but will certainly be very successful; more than he already is. Should stop smoking to longer reap the benefits. I love this thorough well planned approach. But as a middle-manager in a multinational, I am forced to do things in a clearly unproductive client opposed way. I hate it, but I bury the anguish with a side hustle.

[@MrJeffHead]

Take the leap of faith! It's not too late!

[@LifeAtTheMasthead]

Loving your videos. Every 18yr old should be taught this stuff..how business should work. The brighter ones will take the knowledge and stroll into the world full of inspirstion, eagerness and ideas. If they don't then at least they've understood the nuts and bolts of what theiir future employers are up against, what creates jobs, what the risks are, why teamwork and multiskilling are vital... and why - whatever role they are in - they are a vital part of the business.

[@juscars6337]

Would love to see your performance in winter season as most people don't travel much, i reckon it wouldn't be good as this but good luck to you mate!

[@Lee_Essex]

Appreciate how open you are to figures. Keep up the good work.

[@MarkCW]

Really interesting video James. Thanks for being so up-front with the management accounts and how you plan to invest in the hotel. Just subscribed to your channel. I think you you deserve more viewers and subscribers. I would love to own my own hotel. Currently I just own residential BTL properties. Where was your hotel in Maldon advertised for sale? Is it better to start on a smaller scale like a coffee shop or commercial let? I feel I can learn so much from you.

[@Lukey-jy4ez]

Amazing insight, thank you so much for sharing. I am in year 5 of my little business. Made a good little bit of Monday, but I feel I am at 10% capacity and I am trying to find something new to work on/add to my workload. Really struggling to find something new

[@amarug]

I really like your channel. You are direct to the point, honest and amazing and energetic speaker. No wonder you are a successful businessman. A fresh breeze of air in the horrible swap of 25 year old (rented) Lambo driving passive income-grifters. This is actually motivating people to do something and expect realistic results rather than just trying to search the next meme coin.

[@craigburt7830]

Very interesting. I wasn't looking for it, but I enjoyed it a lot. Subscribed.

[@timjackson1904]

Going to show my age now, I loved the series on telly where John Harvey Jones went to businesses and suggested ways they could improve them (80's). More recently, I love Alex Polizzi's Hotel Inspector series (how does she put up with some of the owners). And now, I've found you. I'm retired now, but I find this stuff interesting and you do a good job and hopefully improve others businesses. Great stuff!

[@KeithofRoss]

Loved it! Thank you for posting!

[@jungleflame6776]

I like your energy and motivation, it's infectious ⚡

[@BakerbrothertvOfficial]

I'd love to see a series where you try to start a small business with little money. Maybe a vending machine business etc

[@MrJeffHead]

He's a businessman. Even if he was to do that his first step would be to hire someone to do it for him. It's not worth spending the hours it would take for such a measly return.

[@BakerbrothertvOfficial]

@@MrJeffHead But it would make more relatable content and bring in new audiences

[@JackieJenks-b2k]

He has a video of how he'd start from £1 to get to a million, I've not watched it but it sounds like it might interest you.

[@richardbaxter7343]

well done James! Love honest clear open vids

[@am-vy1fb]

Same here, not intetested in owning a business, just interested how other business owners make money... 👍👏

[@amac2612]

thanks for this, have no interest in owning a Hotel but have a finance background so this is extremeley iteresting. cheers.

[@waywardmedia4491]

You should do a numbers video on party pieces, i’m in online retail so that would be helpful.

[@aldroid4844]

Great Video James! I wish to Open a Cafe/Coffee Shop this year, do you have a video on that Model? Or would you care to make one? Thanks

[@Mark-c3z5u]

Just came across your channel- punchy and to the point - love your adrenaline!

[@PistolPanda28]

Fair play for showing the profit and loss - eye opener always knew drinks are the money maker but wow

[@nickszilagyi7757]

How do you present so well on the camera? You are like a tv presenter!

[@AnnoyedOx-ly7uf]

@James, it would be great if you can compare your average income and operating cost, to the best months, and to the worst months. It will provide an idea on how the business in run. Also thanks for sharing your spreadsheet. A lot of youtubers talk but with no evidence to show, and hype the type of business they are flogging.

[@Ahduciekwndnbbbsvvvghhhyyyyy]

These videos are brilliant. Very eye opening. Thanks for making them.

[@jacquesmertens3369]

If there's 1 thing that pushes me away from spending my hard earned cash on any business, whether it's a hotel or a supermarket, it's the fact that some business owners think they can "own" their customers. I have no need for being owned by any company, whether it's Booking or the hotel itself. Privacy laws are there for a reason, and I find myself lodging one complaint after another because some business owners think the laws weren't made for them. You ask for your data to be removed and they either don't answer, they refuse or they lie. You find out that they have lied when the data gets hacked and you suddenly find out that someone has impersonated you to commit fraud.

[@qadeerhussain5751]

Excellent useful video. I thank you for your valuable time and effort in making this knowledgeable video. Cheers mate

[@pranjol2783]

Thank you so much for sharing content like this 🙏🏽

[@davida2653]

Well done for being open and honest about the key financials. Most people are frightened to reveal those figures but its exactly what your audience wants !

[@YangGQ]

Sitting in my friend's large Bali home on the Beach. It is a private home and also super-premium high end Air BnB. The challenge of this dream home is the refurbishment cost (and effort) in a tropical climate.

[@Robby334]

I had a high-class restaurant in 1983 that sold in 2006 and did very well. Those were the hay days of hospitality. Glad I'm out of it now - Good Luck James

[@mrjamesmay3548]

Wow 20k a room! We are just doing a pub and converting upstairs into 7 letting rooms and have budgeted 5k per room, ours isn’t the ritz though

[@JamesSinclairEntrepreneur]

Are you including Labour?

[@mrjamesmay3548]

@@JamesSinclairEntrepreneur yes which will be a mix of doing it ourselves for the donkey work and a skilled worker on day rate working with us so we can set the pace. This property is lower end though and will be rented out at £75 a night aimed more at builders in the week and stag do types at the weekend. Cheap and cheerful.

[@BigMoneyman-w7f]

​@@mrjamesmay354875 isn't cheap unless you're talking city centres. Travelodge until 2020 used to be £29 a night at many hotels during weekdays.

[@richardgreen7621]

Good look with any bathroom in it 😅

[@alancran7612]

I have been in the hotel business 40 years. Size is important but also location needs to be good. The aim is to maximize prices and maximise occupancy through the year.

[@richardgreen7621]

I like these videos very transparent. You should do a tv series

[@Timaldo8]

Great video James and what a great business this looks like being especially in your capable hands.

[@davinci3043]

SUBBED. FOR YOUR AUTHENTICITY.

[@jamesdeng5395]

Great video, thanks for the transparency

[@grhyservondub]

Thanks James, I appreciate the transparency.

[@timames4405]

The issue with hotels is seasonal demand, unless you happen to be a near a business which needs contractors on a regular basis who need to overnight as this will provide a steady income stream.

[@JackieJenks-b2k]

I work in a hotel near a busy town centre/shopping centre, we have a pretty constant stream of shop fitting contractors staying and, as someone else has pointed out, contractors are the perfect guests. They're up early and out all day working hard then just want to kick back with a couple of beers, something to eat and an early night.

[@RoryDevine_]

Probably my favourite video yet. It's great to see the numbers!

[@JamesSinclairEntrepreneur]

Glad you enjoyed it!

[@28gbb]

pretty good gross margins. I wouldnt take all the restaurant risk. That is a tough business so glad you are JVing that. Maybe just rent a restauranteur the space with a low base rent of $10k a month and then take 5% of the restaurant receipts off the top. That was you wont lose money on the restaurant.

[@RogerBrett-Freeman]

I do like Rossi's ice cream parlour. The best reason for visiting Southend!

[@JamesSinclairEntrepreneur]

We love having you!

[@vmoses1979]

Thanks for sharing the numbers. The purchase price seems low given the turnover - I mean you'd get a little box flat in London for that sum not a successful going concern. Perhaps when you provide an update you can mention the all on costs to refurbish the place to get an understanding on return on investment.

[@simoncabral1004]

So much info in a short video…learnt a lot…

[@ralphhardie7492]

Excellent reporting 🎉🎉🎉🎉 Good luck Good management 🎉🎉🎉🎉

[@Oponu-Ayirada]

As future business owner. Just have to subscribe to your channel.

[@bradpearse5171]

Hi James, Karen and I stayed there on our wedding night, I expect it’s going to be a lot better in your hands👍🤓

[@mehraanful]

Is this guy a entrepreneur or a presenter, does both things brilliantly

[@Novosadjanin82]

I love how you mentioned SWOT withy Maslow hierarchy of needs

[@smith12whu]

Your videos make me want to start a business immediately! I have the drive but lack a good idea 😂

[@roathripper]

check out his videos mate - he looks into various business models that he believes are good/bad.

[@jonnybuybox]

Love seeing the numbers! We've handled our Gas & Electricity costs by recording them as a rolling manual journal to smooth out the P&L, so we avoid fluctuations like that. Also, is your other limited company charging the hotel business £800 for rent? Just curious-what would the usual rent roll be?

[@JamesSinclairEntrepreneur]

I don’t understand what you mean about the £800 ?

[@jonnybuybox]

@@JamesSinclairEntrepreneur You have 800 down as the cost of rent on your Pnl

[@theawfulgambler]

This was really informative and entertaining. Followed!

[@aightm8]

Would you ever consider converting those rooms into apartments and operate a small aparthotel. Its a rapidly growing segment in the hotel market. Low costs + vat rate is lower in the uk after 30 days I believe

[@jasonpatterson365]

A great insight into running a hotel and the associated costs. 👏🏿👏🏿

[@holybrayden7416]

got my subscribe great video mate!!

[@JamesSinclairEntrepreneur]

Thanks for watching! See you in more videos!