Disruptors Caffeine Cast: My 5 Biggest Business Mistakes (& Lessons Learned) [Business, mindset, entrepreneur, disruptors]
Learning from others mistakes is the best way for you to avoid unnecessary setbacks in business. In this episode of Disruptors, Rob reveals 5 of his biggest mistakes he personally made in business and how he has learnt from them so you don’t have to make them yourself.
KEY TAKEAWAYS
- Not embracing marketing. You could have the best shop with all the latest systems, modern design and hottest products. However, if you don’t have anybody in your shop then you have no business. Marketing is getting people through the doors of your shop through generating leads, building on existing relationships to gain repeat customers. Get your story out there to build trust.
- Over listening to the critics. We hate to admit it but critics are vital to success, take the negative feedback as constructive criticism and use it to build on your business and improve. Having the fear and accountability of impressing critics will force you to improve but unfortunately you can’t please everybody, don’t let yourself become overwhelmed.
- Inconsistent management. You must understand the different styles of management and leadership and how each has their own benefits and downfalls. It’s key to implement both styles in your business to cater for different areas.
- Doing business alone. Rob shares how his experience in being a property investor has taught him that you cannot do business alone if you want to succeed. You need to work with people with the correct skill sets and attributes to achieve the greater goals faster than if you try to attempt everything yourself. No one is self-made, the Yin to the Yang must be outsourced.
- Slow reporting. Rob explains why it’s key to keep on top of your business metrics, so many businesses don’t know how they’re doing in terms of their financial position, cash in the bank, P&L etc. All of the answers as to where you need to improve and grow in your business lie in your balance sheet and your KPIs.
BEST MOMENTS
‘Improve, innovate, stay humble’
‘Your worst critic of all can be yourself, the voice of past mistakes’
‘You are not a failure, you just fail from time to time’
‘It’s very rare that you get a good manager and good leader simultaneously’
‘You do what makes you feel alive, what you have the greatest skill, experience and interest in’
‘You cannot master what you do not measure’
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979