The Hidden Costs of Buying Commercial Land

This week, we dive deep into the hidden costs of commercial land acquisition. Claire discusses a real-life scenario involving one of her clients who is considering buying a plot of commercial land. The episode explores the various financial and logistical challenges they face, including the costs of utilities, planning permissions, and the complexities of groundworks. Claire offers invaluable insights into the true costs and considerations of buying commercial property, especially for businesses that may lack the internal capacity to manage such a large project.

In a fascinating discussion, Claire and her co-host reveal the potential pitfalls and hidden expenses of commercial land, emphasising the importance of strategic planning and the potential for distraction. They also touch on the broader economic context, such as the recent Bank of England interest rate cut and its implications for business owners.

The episode wraps up with an intriguing Profit Cash Growth Extra segment focused on the surprising benefits of regular massages, especially for those who engage in weight training. 

If you're a business owner considering commercial property investment or simply looking for ways to enhance your personal and business well-being, this episode is packed with actionable insights and expert advice. Don't forget to check out the Profit Cash Growth website or YouTube channel to schedule a discovery call with Claire for personalised guidance on growing your business.

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ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.