dont know where id be without you thanks james

Great video James. Agree re dilapidation claims! They can be absurd. Useful tip is to take lots of photos when you go into somewhere and use them as a schedule to the lease. Also agree the details of changes such as cabling and wiring as well as state of decor. Overseas manufacturers. UKTI team and overseas British embassies can help. Great tip about China but always beware of who you do business with. They’re ruthless at copying stuff! As a lawyer I’ve seen that dozens of times. It’s a minefield. Good contracts are helpful but detailed due diligence is essential.

Great info! Thank you Mr. Sinclair 😎

Love your videos ❤

Hi James, I would like to purchase your books from your website, but you do not ship to the Czech Republic. You know, some of your fans live on the continent, too. Can you do semething abou it? Thanx. Mike

Some great tips James, always look forward to your videos. Am looking to raise 500k for my new business, I have the orders (from governmental orgs) just cannot find the lenders for the working capital, any thoughts?.

Let's get into landlords and offsetting in a sipp and sign a F&R lease are legal fraud, regarding service charge set up separate payment not inclusive as can ask what been used for and ask for yearly accounts and if money not been spent could get a refund as saw something on RICS. Before sign a new lease do a schedule of condition videos photos of property including the roof and drain inspection as they will try and fleece you as much as possible, and check return condition clause as a lot want the roof skylights cleaned or floor painted. All commercial property should have LED lights, internet and hot cold water and the government need to starts cracking down on this and holding landlords to account, you got no change of buying a commercial property as can be big money and need a 30-50% deposit and hard to find land or smaller units. We signed a new lease 5 days before lock down and took on £20k of debt and 3 yrs later still struggling with rising costs, be better off stacking shelves.

Alright james here it goes, how do you get your first B2B customer to buy a product you made as you’ve mentioned in previous videos. Please advise all the different ways to approach these customers to make an order of 5000 pcs. Am i better of just hiring someone to do this as i am just terrible at face to face sales.

@AJ-rg1le

7 ай бұрын

Have another listen to the answer from question 1 0:38 seconds. Write each of these down to hold yourself accountable. If you struggle with face2face potentially start with the letters/emails/content/phones and build your confidence. Best of luck!

How do you get cash into a bank for 50p? Costing me 90p (usury rates from barclays!) Agree about the breakdown of CC to cash. We are 90% card on one site (cash or card accepted)

@JamesSinclairEntrepreneur

7 ай бұрын

It probably is 90p - I am a little out of sync on this compared to when I was managing it. A tip is to pay into post office and transfer this is cheaper.

James I’m based in Ireland, run an e-commerce and fulfillment center. If you wanna do business here we should talk.

Sorry, I don’t agree that taking card payments is safer. We took a card payment over the phone for £3k, delivered the goods, credit card had been stolen, card company refunded the customer and we were unable to recover the goods. You take a card payment, it’s 120 days until the money is yours for keeps.

@JamesSinclairEntrepreneur

7 ай бұрын

How many times has the above happened to you?

@JWC7676

7 ай бұрын

It's happened a few times James, and it's always large 4-figure sums. They are over the phone transactions where customer is not present. The biggest problem is that the money can be taken back up to 120 days after the event, and you can't make a customer wait 120 days for the goods. Lots of things we do to root out fraudulent transactions, there are various red flags to look out for, but it's still difficult. Beware anybody who takes card payments over the phone.

@harryb2349

7 ай бұрын

You need to stop taking payments over the phone then. You need to generate an invoice and send them a link to pay on with something like Xero. Just tell customers you don't take payments over the phone, otherwise you are not protected as you have found out.

@JWC7676

7 ай бұрын

Easy to say, but if you run a £3 million turnover business and you tell your customers overnight that they can't pay by card, and in 2023, that'd be ridiculous.

@harryb2349

7 ай бұрын

@@JWC7676 My business turns over £5 million and it was easily done (the change from allowing over the phone payments to not). They can pay card, just not over the phone. Sending someone a link and they click on a button to pay by card is not odd or difficult. Just communicate the change and reinforce when they call in to pay and everyone will soon get on board.

So you've ended up with the finance bros in the quarter zip.