Several of our landlord clients invested into property having made their money from other business interests. It is fair to say that nobody has a monopoly on good ideas to minimise risks and maximise returns.
Over the years we have come across some excellent Consultants with whom we have contracted to save us money.
Our own philosophy has always been that we are only prepared to pay a share of any proven savings or for something that we need, want and don't already have in place. As a result we've worked with a variety of external and independent Business Consultants who have put contracts with various suppliers to tender on our behalf.
This has saved us money in its own right because we have not had to utilise internal resources. We've also taken advantage of free Consultancy to help us to identify risks in our business. Areas we have received maximum benefit from are HR Consultancy (we reduced risks, empowered managers and saved ourselves a fortune in legal bills), lower insurance premiums, general overheads (e.g. utilities, business rates, stationery, advertising, vehicles etc) and legal contracts (particularly in respect of partnership agreements, shareholders agreements, wills, trusts and tax planning).