Disruptors Steve Lansdown: Bedroom Investor to Billionaire Boardroom | Hargreaves Lansdown Founder [Business, mindset, entrepreneur, disruptors]
Listen in to the story you’ve never heard about the UK’s leading investment platform managing the savings and investments of over 1.3 million clients as Rob interviews billionaire founder, entrepreneur and investor of FTSE 100 company Hargreaves Lansdown, Steven Lansdown. Together they discuss what it takes to build a business, the secret to longevity and the mindset you need to be an entrepreneur.
KEY TAKEAWAYS
- Hargreaves Lansdown is the UK's leading savings and investment platform. Founded in 1981 by Peter Hargreaves and Stephen Lansdown, the platform now has over 1.3 million clients investing over £96 billion of their savings.
- Hargreaves Lansdown was started in a front bedroom and aimed to grow big but also be the best in their market and the founders didn’t take anything out of the business for 10+ years to enable its growth. All profits were rolled back into the company to help optimise it’s systems and scale the business.
- When an entrepreneur is building a business it’s growth is ultimately up to you, it’s a 24-hour a day, 7 days a week job that comes with a lot of pressure but if you focus in the right direction and look at your competitors in your marketplace and aim to do better than them you can be successful. As a start-up, you can be quicker to market than your competitors and as an entrepreneur you skill is building a business.
- The secret to longevity in business is to be ambitious with your vision, believe in your business model, to do the right thing by your clients in the long term and not to be too greedy too soon. You have to be patient with your business, reinvest your profits, enjoy what you do and not have the mindset that you’re trying to make a ‘quick buck’.
- As an entrepreneur, you don’t need to take big risks, just calculated ones. You need to know why you’re doing what you’re doing and commit to your decisions 100%. Work hard and be consistent with your business, don’t try to do too many things at once.
BEST MOMENTS
“We wanted to be bigger but we wanted to be the best”
“The 1987 stock market scratch was a heartache but you learn from experiences and you learn to see them as opportunities”
“We also did right by our clients, kept our feet on the ground and grew the business in the right way”
“In any business, you’ve got three ways out, you can go onto the stock market, sell the company to a competitor or sell it to management”
“Hargreaves Lansdown was always cash-rich so it was a great opportunity to invest in sports clubs”
“Hargreaves Lansdown has educated an awful lot of people on money management and investing”
[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
ABOUT THE GUEST
Steven Lansdown is an English-born Guernsey billionaire. He co-founded the British financial services firm Hargreaves Lansdown started in 1981 with Peter Hargreaves The company manages nearly $130 billion in assets and boasts over a million clients. Lansdown went on to cofound Earth Capital, a private equity firm focused on sustainable and impact investing, in 2008 and is also a founder of Bristol Sport and majority shareholder of Bristol Bears, Bristol Flyers, and Bristol City Football Club.