Founders Diaries: Room2's Robert Godwin on loving what you do
4 min read
26 June 2018
"Within business, I believe success is about consistently delivering strong rates of growth over time, says room2 founder Robert Godwin. Here's how he's walking the talk.
Turnover: £5m by end of this year
In a sentence
Your business legacy
Creating, defining and leading the hometel hospitality segment, with a network of highly rated hometels across the UK over the next decade.
Your business model
The core of the business in investing in and developing real estate, and use an operational business to maximise the returns.
How do you measure success?
Within business, I believe success is about consistently delivering strong rates of growth over time. You need to be consistently distinguishable in the market, serve and retain happy customers, and build an efficient and effective business on solid foundations. There are always going to be roadblocks along the way, so to achieve this over the long term, I believe is success in the highest form.
How did you fund your business?
We have a handful of high street lenders who are very supportive of our business and the direction we are heading.
In five years
We are targeting a pipeline of 1000 units by 2025, so I hope to be most of the way there by then.The serviced apartment sector will have grown and diversified, with models like ours leading the way.
Your highest point
No goal is ever hit overnight, but we are on a constant progression path to something great, and that keeps me fulfilled.
Your lowest point
Not having enough financial control or planning at the start. We were lean but were miles off the expectation of what our buildings would cost. Company wide financial literacy has been slow but progressive. The biggest step forward will be the production of instant accurate reporting and targets for the team.