Can you believe that we are already half way through 2016? Before you know it Christmas will roll around, and you will find yourself diving right into
2017. So what say we talk a bit about a mid-year portfolio review?
Why now? Well, why not? Usually right about now is when motivation starts to flag, and most of us find ourselves losing a bit of steam. The weather certainly
doesn’t help; it is getting cold and the nights are drawing in fast. You have survived the last six months and will certainly be forgiven for feeling
a bit fatigued.
Having a proper review session at this point keeps you accountable to your goals and perhaps, more importantly, it keeps you motivated. If you are new
to a mid-year business review, here is a 10-step process to help you get started:
Step 1: Plan the review
You don’t need to spend long on your review session, but you do need to treat it seriously. Don’t do it on a whim just to tick off the box. Schedule a
proper meeting in your diary a week or two out. Set up an agenda and gather enough information beforehand to help you get the most out of the session.
Step 2: Buddy up
A portfolio review for a property investor is essentially an exercise in self-assessment. Self-assessments are only valuable if you are being completely
honest and hold you to a high level of accountability. Having a review partner helps you stay accountable. If you are investing with a business
partner, then both of your should attend the review. If you are a solo investor, then consider involving a significant other, a mentor, a confidant
or someone with whom you have an open...
