Nothing is Impossible. Some things are just less likely than others – Jonathan Winters
Getting Your Own Back
A Short Story
Nearly 15 years ago I went into partnership with four other people, two of them I had known for some while and the other two (husband and wife) were introduced to me. After doing our “Due Diligence”, we purchased a substantial commercial property in the UK’s west country. The property had 48 tenants, all businesses, and three of my business partners were involved in two of those businesses.
Over the intervening years tenants have come and gone, but we’ve maintained an occupancy level of about 87%.
The partners who are husband and wife have particularly enjoyed good growth in their business and over time have increased the space they occupy.
As Managers of the property we’ve paid ourselves a return on our investment equivalent to 25% pa. So, a good business.
The property was originally a creamery built by one of the (then) national dairies, so apart from the main structure there are a number of out buildings. As tenants have come and gone the various internal structures have been remodeled to account for demand. So it’s a bit of a rabbit warren.
Three years ago, as a result of a visit from the local Rating Officer, it came to light that the husband and wife were under-declaring the space their business occupied.
Upon further investigation we estimate that the rent due from this business has been underpaid over the years by some £400,000.
My other two partners and I have invested considerable time and money trying to recoup this under payment. Lawyers fees alone stand at over £25,000.
And we’re about to go up the court steps.
Why am I telling you this?
Banners Broker Loss
Simply, I’d like you to understand that when it comes to money I can be quite serious.
And when it comes to BB, I don’t think there’s a hope in hell of anyone realistically recouping their investment of money in this business – you can’t get back the time.
Yet hundreds if not thousands of people are still trying. One Face Book page alone has over 11,000 “Likes”. Every day people are joining the internet clamour to get back what they perceive to be their due.
Yes it’s annoying. Yes, it shouldn’t be allowed. Etc. Etc.
But frankly, if you’re amongst them you’re wasting your time.
Feeling depressed yet?
Through my contacts on the TalkingBB forum (some of whom you may know) I was introduced to a company providing training on how to source products to sell on eBay and Amazon. I’ve written about this before.
I don’t need to recruit anyone, so there’s no “Sales Pitch” here.
Not only is the training good, but the application of same has earned me a tidy $55,000 (€48k, £36k) during the first 12 months. I now have a thriving eBay and Amazon business and if the training company disappeared over night, I’d still have that business.
But, to me, the more important aspect is that the owners of this training company provide excellent communication.
There are live training sessions every week, recorded for those that can’t make it.
One or other of the three co-owners is on Face Book every day answering questions.
There is a superb forum moderated by some of those experienced from TalkingBB
And… whenever they say they’re GOING to do something THEY DO IT.
Get Your Money Back
Some 4 months ago they let us into their development world to show members what they’re working on. This was during a 3 hour long live webinar – and I got up at 3 a.m. to participate.
I’ve posted a 13 minute extract from that webinar: CLICK HERE
This programme is about to be launched.
If ever there was an opportunity to recoup the losses you incurred with Banners Broker, this is it.
If you want to know about it, you’ll contact me – comment in the box below or contact me on Facebook: https://www.facebook.com/phoenix.kevin
If you don’t want to know about it, I’ll know.