The strategy laid out in the JSON involves increasing capital injection for property development to boost revenue. It includes securing strategic partnerships with interested parties by highlighting potential returns and negotiating mutually beneficial terms. For example, engaging potential partners through marketplaces or events to establish connections. Regular communication and celebrating milestones, such as partnership anniversaries, are pivotal for sustaining these relationships.
Another approach is leveraging existing assets by assessing their market value and exploring financing options. This might involve selling non-essential assets to invest the proceeds into active projects. For instance, liquidating underutilized properties could provide immediate funds for ongoing projects.
Lastly, the strategy emphasizes applying for government grants and incentives, ensuring alignment with active projects. This involves drafting applications that showcase the social and economic benefits of the projects. Diligence in researching eligibility and maintaining compliance with grant conditions is crucial for success in this area.
The strategies
⛳️ Strategy 1: Secure strategic partnerships
- Identify potential strategic partners with interest in property development
- Develop attractive partnership packages highlighting potential returns
- Reach out to potential partners through network events and professional platforms
- Organise meetings to present the business opportunity and partnership benefits
- Negotiate terms that are beneficial for both parties
- Formalise partnerships through legal agreements
- Collaborate with partners to determine areas of active involvement
- Regularly communicate progress and developments with partners
- Provide partners with quarterly financial reports
- Celebrate partnership milestones with press releases or events
⛳️ Strategy 2: Leverage existing assets
- Compile a comprehensive list of current company assets
- Assess the market value of each asset to understand liquidity options
- Engage with financial advisors to explore asset-based financing options
- Identify non-essential assets that can be liquidated
- Create a detailed plan for selling non-essential assets
- Develop a timeline for releasing funds from asset sales
- Reinvest proceeds from liquidated assets into active projects
- Monitor the effects of asset reinvestment on project performance
- Adjust asset management strategies based on market feedback and results
- Review and report on the financial impact quarterly
⛳️ Strategy 3: Apply for government grants and incentives
- Research available government grants and incentives for property development
- Identify eligibility criteria for each potential grant or incentive
- Evaluate which grants align with active and inactive projects
- Compile necessary documentation for grant applications
- Draft compelling grant applications highlighting social and economic benefits
- Submit applications ahead of deadlines and maintain copies
- Follow up with relevant authorities to track application status
- Prepare to comply with requirements if a grant is awarded
- Implement grant funds directly into project development costs
- Report accurate and measurable outcomes as required by grant conditions
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
