Raising your standards in property development can have a huge impact on your success. From improving decision-making and financial feasibility to managing time effectively and ensuring quality control, setting higher expectations for yourself and your projects leads to better outcomes.
In this episode of the Property Mastermind Podcast, Hilary Saxton and Bob Andersen discuss the importance of constantly improving your approach to development. They share real-life examples of developers who have raised their standards, the challenges they faced, and the results they achieved.
Hilary and Bob also explore key areas where developers can level up their skills, including time management, networking, and project execution. If you’re looking to improve your efficiency, profitability, and overall development approach, this episode is packed with actionable insights.
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Episode Highlights
- [00:00] Introduction – Why raising your standards leads to better property development outcomes.
- [02:10] The Power of Small Improvements – How incremental changes add up to big results.
- [04:54] Real-Life Example: John and Tas – A couple who transformed their development journey by setting higher standards.
- [06:56] The Link Between Values and Success – Why aligning your values with your business leads to long-term results.
- [09:52] Decision-Making and Raising Standards – How improving decision-making can accelerate your progress.
- [13:59] Overcoming Fear and Self-Doubt – Why hesitation can cost you profitable opportunities.
- [16:17] Mastering Financial Feasibility – The role of accurate feasibilities in ensuring development success.
- [17:54] Effective Time Management for Developers – Strategies to structure your time and prioritise key tasks.
- [23:26] Raising Standards with Contractors and Consultants – How to ensure quality work and hold professionals accountable.
- [25:04] The Power of Networking and Relationships – Why strong industry connections can open doors.
- [27:51] Common Mistakes Developers Make – Pitfalls like accepting poor quality work or avoiding accountability.
- [32:34] The Cost of Poor Standards – How low expectations can impact profits and timelines.
- [34:07] Final Takeaways – The key areas to improve and why raising your standards is essential for long-term success.
