The Money Podcast Rob Meets Another Billionaire (His Views on Money)
Rob reflects on meeting one of Scotland’s richest and more influential men, Jim McColl OBE. Jim is a successful businessman, entrepreneur and responsible for the development of Clyde Blowers Capital and today, Rob shares his business lessons with you. Tune in to hear Rob’s tips, advice and insights from a face-to-face interview with Scotlands own billionaire.
KEY TAKEAWAYS
- The best business you can be in is the business you are already in. Many people look at other peoples business and compare themselves to them, thinking that they may not be as successful as other people. Often, they have been doing their business for a short while and they are finally getting to a point in their business journey where they may start to see results. They’ve planted the seed, they’ve grown the roots and the shoots are showing, and they change before they’re able to grow the tree and bare the fruit.
- Those that change their models or ideas every few years are not gaining any momentum, they are not enabling compounding to kick in.
- If you’re going into a company and looking to turn it around, there are two main areas to focus on:
- Increase your prices.
- You do a profit and loss analysis on each product or department and cut out the loss-making items.
- Face to face casual meeting is a non-threatening way to meet and collaborate with other business owners. Many people now are hiding behind their phones with email or instant messaging. Perhaps we have lost the art of actually going and meeting with people face to face and building a relationship.
- Be the opposite of social media (which is face to phone), make people feel important. If you’re looking to buy or sell a company or form a business partnership your partner or client needs to feel important, which they won’t do if they are sent a meaningless email or text message.
- Money gives you a goal and the drive to grow your business, when you grow your business you reach more people and by reaching more people you serve more people.
- The biggest game-changer since becoming a millionaire is having the ability to launch something new, to dive into something new and take some risks and knowing you are able to do that.
BEST MOMENTS
“It takes time to build the tree”
“There is nothing wrong with changing when you need to change”
“It is great to be a master of money but it is terrible to be a slave to money”
VALUABLE RESOURCES
https://robmoore.com/
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
“If you don't risk anything, you risk everything”
CONTACT METHOD
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LinkedIn - https://uk.linkedin.com/in/robmoore1979