Welcome Back
Its been a while since our last update.
We finally took some time away for our holiday but since returning its been full steam ahead.
We landed on the 12th of June and started Project one on the 13th.
Since then we have restructured the business, invested in our social media, welcomed new investors onboard, and started project two.
Rather than trying to catch up on everything we've missed over the past few weeks, I thought it would be better to draw a line under the break and bring you up to speed with where we are today.
From now on, we'll be back to sharing regular updates every Sunday as we continue to grow Asset Collective.
Business Restructure
After landing back from holiday, I was ready to jump straight back on the tools.
By the end of the first day, I realised why we'd only been able to complete one project a year - I was spending too much time in the business instead of on it.
Infact, my mentor actually banned me from picking up another tool.
Since then, my focus has been on three things:
1. Delivering our projects
2. Raising capital
3. Building our pipeline
Emma has also taken over our social media, focusing on growing our audience and sharing the Asset Collective journey.
The result?
Both projects are running more smoothly, we already have offers out on our next project, we've welcomed another investor on board, and we're currently speaking with three more potential investors.
Sometimes taking a step back is exactly what allows the business to move forward.
Investor Update
On 1st July, we kicked off a 30 day sprint to raise the final £40,000 needed to complete the funding for Project Two. As part of the sprint, we also launched our new referral programme.
if you introduce someone who goes on to invest with Asset Collective, we'll pay you a referral fee as a thank you.
As of today:
£18,000 raised from one new investor.
£22,000 left to raise.
Three potential investors currently in discussions.
£360 paid out through our referral programme.
We're incredibly grateful for the support we've received so far and look forward to welcoming more investors into the Asset Collective community over the coming weeks.
Project one
We're now four weeks into Project One, and it's flying.
The property has been stripped back to brick, internal walls have been removed, the chimneys have come out, and all first fix joinery, electrics, plumbing and heating are now complete.
The plasterers are due to start this week, which is always a major milestone as the property starts to come back together.
We're excited to share the transformation over the coming weeks.
Project two
Work is now well underway on Project Two.
The rip-out has started, the chimney has been removed, internal walls have come down, and we're due to begin the first fix joinery next week.
With both projects now progressing side by side, it's great to see the transformation taking shape. We're looking forward to sharing more updates as the refurbishment continues.
Social media
As part of our restructure, Emma has now taken over all of our social media.
We're now sharing a daily vlog on TikTok, alongside daily updates on Instagram and Facebook, giving you a behind the scenes look at our projects and the journey we're building at Asset Collective.
If you'd like to follow along, you'll find all of our social media channels below:
https://linktr.ee/Assetcollectiveuk
Did You Know?
Leaving your money in the bank right now is likely earning you less than inflation, meaning your cash is actually losing value over time.
Till next time,